How to Invest in Bank of India Tax Advantage Direct Growth?

You can easily invest in Bank of India Tax Advantage Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Bank of India Tax Advantage Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Bank of India Tax Advantage Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Bank of India Tax Advantage Direct Growth provide?

The Bank of India Tax Advantage Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is -4.59% since its inception.

How much expense ratio is charged by Bank of India Tax Advantage Direct Growth?

The term Expense Ratio used for Bank of India Tax Advantage Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Bank of India Tax Advantage Direct Growth is 1.37% as of 27 Sep 2022...

What is the AUM of Bank of India Tax Advantage Direct Growth?

The AUM, short for Assets Under Management of Bank of India Tax Advantage Direct Growth is ₹608.62Cr as of 27 Sep 2022.

How to Redeem Bank of India Tax Advantage Direct Growth?

If you want to sell your Bank of India Tax Advantage Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Bank of India Tax Advantage Direct Growth?

You can select either SIP or Lumpsum investment of Bank of India Tax Advantage Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Bank of India Tax Advantage Direct Growth?

The NAV of Bank of India Tax Advantage Direct Growth is ₹109.45 as of 26 Sep 2022.

What is the PE and PB ratio of Bank of India Tax Advantage Direct Growth?

The PE ratio ratio of Bank of India Tax Advantage Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Bank of India Tax Advantage Direct Growth - NAV, Mutual Fund Performance & Portfolio

Bank of India Tax Advantage Direct Growth
Equity
ELSS
Very High Risk
3Y Lock In
24.02%
3Y annualised
-2.58% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 26 Sep 2022₹109.45
Min. SIP amount₹500
Rating4
Fund size₹608.62Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-4.6%24.0%15.4%17.1%
Category average4.1%18.6%11.3%NA
Rank with in category3024NA
Understand terms
Holdings (50)NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity7.3%
State Bank of IndiaFinancialEquity5.5%
HDFC Bank Ltd.FinancialEquity4.9%
Reliance Industries Ltd.EnergyEquity3.7%
NTPC Ltd.EnergyEquity3.2%
Mahindra & Mahindra Ltd.AutomobileEquity2.9%
Varun Beverages Ltd.Consumer StaplesEquity2.7%
Kotak Mahindra Bank Ltd.FinancialEquity2.6%
Schaeffler India Ltd.Capital GoodsEquity2.6%
Axis Bank Ltd.FinancialEquity2.4%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity ELSS
Pros
Cons
3Y and 5Y annualised returns higher than category average
1Y annualised returns lower than category average by 8.73%
Higher alpha: 7.33
The fund has generated returns higher than benchmark - S&P BSE 500 Total Return Index - in the last 3Y 
Lock-in period: 3Y
Exit load is zero
Lower expense ratio: 1.37%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2022 - Present
1.29%
31 Aug 2022 - 31 Aug 2022
1.29%
31 Jul 2022 - 31 Aug 2022
1.37%
31 Jul 2022 - 31 Jul 2022
1.37%
31 Jul 2022 - 31 Jul 2022
1.37%
30 Jun 2022 - 31 Jul 2022
1.34%
30 Jun 2022 - 30 Jun 2022
1.34%
31 May 2022 - 30 Jun 2022
1.34%
31 May 2022 - 31 May 2022
1.34%
30 Apr 2022 - 31 May 2022
1.34%
30 Apr 2022 - 30 Apr 2022
1.34%
31 Mar 2022 - 30 Apr 2022
1.28%
31 Mar 2022 - 31 Mar 2022
1.28%
28 Feb 2022 - 31 Mar 2022
1.35%
28 Feb 2022 - 28 Feb 2022
1.35%
31 Jan 2022 - 28 Feb 2022
1.52%
31 Dec 2021 - 31 Jan 2022
1.57%
30 Nov 2021 - 31 Dec 2021
1.57%
31 Oct 2021 - 30 Nov 2021
1.54%
30 Sep 2021 - 31 Oct 2021
1.65%
31 Aug 2021 - 30 Sep 2021
1.66%
31 Jul 2021 - 31 Aug 2021
1.67%
30 Jun 2021 - 31 Jul 2021
1.67%
31 May 2021 - 30 Jun 2021
1.67%
30 Apr 2021 - 31 May 2021
1.51%
31 Mar 2021 - 30 Apr 2021
1.22%
28 Feb 2021 - 31 Mar 2021
1.51%
31 Jan 2021 - 28 Feb 2021
1.51%
31 Dec 2020 - 31 Jan 2021
1.51%
30 Nov 2020 - 31 Dec 2020
1.51%
31 Oct 2020 - 30 Nov 2020
1.51%
30 Sep 2020 - 31 Oct 2020
1.33%
31 Aug 2020 - 30 Sep 2020
1.51%
31 Jul 2020 - 31 Aug 2020
1.51%
30 Jun 2020 - 31 Jul 2020
1.51%
31 May 2020 - 30 Jun 2020
1.51%
30 Apr 2020 - 31 May 2020
1.51%
31 Mar 2020 - 30 Apr 2020
1.51%
29 Feb 2020 - 31 Mar 2020
1.51%
31 Jan 2020 - 29 Feb 2020
1.51%
31 Dec 2019 - 31 Jan 2020
1.51%
30 Nov 2019 - 31 Dec 2019
1.51%
31 Oct 2019 - 30 Nov 2019
1.51%
30 Sep 2019 - 31 Oct 2019
1.51%
31 Aug 2019 - 30 Sep 2019
1.51%
31 Jul 2019 - 31 Aug 2019
1.51%
30 Jun 2019 - 31 Jul 2019
1.51%
31 May 2019 - 30 Jun 2019
1.51%
30 Apr 2019 - 31 May 2019
1.51%
31 Mar 2019 - 30 Apr 2019
1.65%
28 Feb 2019 - 31 Mar 2019
1.66%
31 Jan 2019 - 28 Feb 2019
1.66%
31 Dec 2018 - 31 Jan 2019
1.65%
30 Nov 2018 - 31 Dec 2018
1.66%
31 Oct 2018 - 30 Nov 2018
1.67%
30 Sep 2018 - 31 Oct 2018
1.94%
31 Aug 2018 - 30 Sep 2018
1.92%
31 Jul 2018 - 31 Aug 2018
1.92%
30 Jun 2018 - 31 Jul 2018
1.65%
31 May 2018 - 30 Jun 2018
1.65%
30 Apr 2018 - 31 May 2018
1.65%
31 Mar 2018 - 30 Apr 2018
1.65%
28 Feb 2018 - 31 Mar 2018
1.67%
31 Jan 2018 - 28 Feb 2018
1.82%
31 Dec 2017 - 31 Jan 2018
1.79%
30 Nov 2017 - 31 Dec 2017
1.78%
31 Oct 2017 - 30 Nov 2017
1.79%
Expense ratio, exit load and taxExpense ratio: 1.37%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementAlok Singh
Apr 2022 - Present
View details
Education
Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience
Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
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Fund house & investment objective
BOI AXA Mutual Fund
Rank (total assets)#31 in India
Total AUM₹2,797.53Cr
Date of Incorporation31 Mar 2008
Investment Objective
Fund benchmarkS&P BSE 500 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
B/204-Tower 1,Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Phone
NA
Launch Date
31 Mar 2008
E-mail
[email protected]
Website
NA
BOI AXA Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Bank of India Tax Advantage Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	-4.6%	24.0%	15.4%	17.1%
Category average	4.1%	18.6%	11.3%	NA
Rank with in category	30	2	4	NA

Name	Sector	Instrument	Assets
ICICI Bank Ltd.	Financial	Equity	7.3%
State Bank of India	Financial	Equity	5.5%
HDFC Bank Ltd.	Financial	Equity	4.9%
Reliance Industries Ltd.	Energy	Equity	3.7%
NTPC Ltd.	Energy	Equity	3.2%
Mahindra & Mahindra Ltd.	Automobile	Equity	2.9%
Varun Beverages Ltd.	Consumer Staples	Equity	2.7%
Kotak Mahindra Bank Ltd.	Financial	Equity	2.6%
Schaeffler India Ltd.	Capital Goods	Equity	2.6%
Axis Bank Ltd.	Financial	Equity	2.4%

Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	4
Fund size	₹608.62Cr

Bank of India Tax Advantage Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (50)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.37%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Alok SinghApr 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Alok Singh
Apr 2022 - Present
View details