Bank of India ELSS Tax Saver – Direct (IDCW)

Equity · ELSS
 · ★★
500
Min SIP
500
Min Lumpsum
1.21 %
Expense Ratio
★★
Rating
1,090
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 20 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 50.6% 24.9% 28.1% 19.3%
Category Average 36.7% 19.7% 19.5% -

Scheme Allocation

By Holding
By Sector
By Asset
3.96%
3.76%
Others
80.55%
View all Holdings
Holdings Sector Instrument Asset
St Bk of India Banks Equity 4.58%
Canara Bank Banks Equity 3.96%
HDFC Bank Banks Equity 3.76%
Bank of Baroda Banks Equity 3.75%
Reliance Industr Refineries Equity 3.4%
NTPC Power Generation & Distribution Equity 3.02%
Sun Pharma.Inds. Pharmaceuticals Equity 2.82%
Oil India Crude Oil & Natural Gas Equity 2.75%
Larsen & Toubro Infrastructure Developers & Operators Equity 2.64%
Union Bank (I) Banks Equity 2.22%
Indian Bank Banks Equity 2.14%
J B Chem & Pharm Pharmaceuticals Equity 1.88%
Hind.Aeronautics Aerospace & Defence Equity 1.87%
Power Fin.Corpn. Finance Equity 1.87%
Tata Power Co. Power Generation & Distribution Equity 1.84%
Hero Motocorp Automobile Equity 1.8%
Coromandel Inter Fertilizers Equity 1.51%
The Ramco Cement Cement Equity 1.49%
UltraTech Cem. Cement Equity 1.49%
Mankind Pharma Pharmaceuticals Equity 1.47%
ICICI Bank Banks Equity 1.46%
REC Ltd Finance Equity 1.37%
Endurance Tech. Auto Ancillaries Equity 1.36%
Indian Hotels Co Hotels & Restaurants Equity 1.28%
Varun Beverages FMCG Equity 1.27%
Titan Company Diamond, Gems and Jewellery Equity 1.24%
Ambuja Cements Cement Equity 1.23%
KPIT Technologi. IT - Software Equity 1.15%
O N G C Crude Oil & Natural Gas Equity 1.06%
Infosys IT - Software Equity 1.05%
IndusInd Bank Banks Equity 1.04%
Tata Motors Automobile Equity 1.04%
Coforge IT - Software Equity 1.03%
Deepak Nitrite Chemicals Equity 1.02%
Tata Steel Steel Equity 1%
C D S L Miscellaneous Equity 0.99%
Jio Financial Finance Equity 0.98%
JTEKT India Auto Ancillaries Equity 0.98%
Astral Plastic products Equity 0.96%
Uno Minda Auto Ancillaries Equity 0.95%
Kotak Mah. Bank Banks Equity 0.89%
Siemens Capital Goods - Electrical Equipment Equity 0.87%
DLF Realty Equity 0.85%
Triven.Engg.Ind. Sugar Equity 0.84%
Rategain Travel IT - Software Equity 0.83%
A B B Capital Goods - Electrical Equipment Equity 0.81%
Lupin Pharmaceuticals Equity 0.8%
HCL Technologies IT - Software Equity 0.8%
Tega Inds. Engineering Equity 0.67%
Poly Medicure Healthcare Equity 0.66%
HEG Capital Goods-Non Electrical Equipment Equity 0.65%
Mahindra Life. Construction Equity 0.58%
APL Apollo Tubes Steel Equity 0.55%
Prudent Corp. Finance Equity 0.52%
IDFC First Bank Banks Equity 0.52%
Fusion Microfin. Finance Equity 0.51%
Balrampur Chini Sugar Equity 0.48%
B H E L Capital Goods - Electrical Equipment Equity 0.46%
Metro Brands Leather Equity 0.44%
Graphite India Capital Goods-Non Electrical Equipment Equity 0.43%
Ganesha Ecosphe. Textiles Equity 0.4%
Dixon Technolog. Consumer Durables Equity 0.38%
P I Industries Agro Chemicals Equity 0.31%
S A I L Steel Equity 0.18%
Banks
24.32%
Debt
13.08%
Pharmaceuticals & Biotech
6.97%
IT-Software
4.86%
Power
4.86%
Others
45.91%
View all Sectors
Sectors Asset
Banks 24.32%
Debt 13.08%
Pharmaceuticals & Biotech 6.97%
IT-Software 4.86%
Power 4.86%
Finance 4.73%
Cement & Cement Products 4.21%
Oil 3.81%
Petroleum Products 3.4%
Auto Components 3.29%
Automobiles 2.84%
Construction 2.64%
Industrial Products 2.59%
Electrical Equipments 2.14%
Consumer Durables 2.06%
Aerospace & Defense 1.87%
Fertilisers & Agrochemica 1.82%
Capital Markets 1.51%
Realty 1.43%
Agricultural Food & other 1.32%
Leisure Services 1.28%
Beverages 1.27%
Ferrous Metals 1.18%
Chemicals & Petrochemical 1.02%
Industrial Manufacturing 0.67%
Healthcare Equipment & Su 0.66%
Textiles & Apparels 0.4%
Cash & Others -0.23%
Equity
87.15%
Certificate of Deposit
6.84%
Reverse Repos
6.14%
T-Bills
0.1%
Net Curr Ass/Net Receivables
-0.23%

Advance Ratio

5.01
Alpha
4.24
SD
0.97
Beta
1.27
Sharpe

Exit Load

Exit Load Nil

Fund Objective

To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.

Fund Managers

Alok Singh - Fund Manager

Mr Singh graduated from ICFAI Business School with a CFA and PGDBA. He has held positions at BNP Paribas Asset Management and Axis Bank before joining Bank of India AMC. He has around 20 years of experience, including 16 years in the mutual fund industry.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Address:
B/204, Tower 1,Peninsula Corporate Park, Ganpatrao kadam marg, Lower Parel, Mumbai - 400013
Contact:
022 - 61249000
Email ID:
service@boimf.in

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Frequently Asked Questions

How to invest in Bank of India ELSS Tax Saver – Direct (IDCW) ?

You can invest in Bank of India ELSS Tax Saver – Direct (IDCW) in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Bank of India ELSS Tax Saver – Direct (IDCW) in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Bank of India ELSS Tax Saver – Direct (IDCW) ?

The NAV of Bank of India ELSS Tax Saver – Direct (IDCW) is ₹67.8 as of 20 February 2024.

How to redeem Bank of India ELSS Tax Saver – Direct (IDCW) holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Bank of India ELSS Tax Saver – Direct (IDCW)?

The minimum SIP amount of Bank of India ELSS Tax Saver – Direct (IDCW) is ₹500

What are the top sectors Bank of India ELSS Tax Saver – Direct (IDCW) has invested in?

The top sectors Bank of India ELSS Tax Saver – Direct (IDCW) has invested in are
  1. Banks - 24.32%
  2. Debt - 13.08%
  3. Pharmaceuticals & Biotech - 6.97%
  4. IT-Software - 4.86%
  5. Power - 4.86%

Can I make investments in both the SIP and Lump Sum schemes of Bank of India ELSS Tax Saver – Direct (IDCW)?

Yes, You can select both SIP or Lumpsum investment of Bank of India ELSS Tax Saver – Direct (IDCW) based on your investment objective and risk tolerance.

How much returns have Bank of India ELSS Tax Saver – Direct (IDCW) generated ?

The Bank of India ELSS Tax Saver – Direct (IDCW) has delivered 19.3% since inception

What is the expense ratio of Bank of India ELSS Tax Saver – Direct (IDCW) ?

The expense ratio of Bank of India ELSS Tax Saver – Direct (IDCW) is 1.21 % as of 20 February 2024.

What is the AUM of Bank of India ELSS Tax Saver – Direct (IDCW)?

The AUM of Bank of India ELSS Tax Saver – Direct (IDCW) is ₹5,788 Cr as of 20 February 2024

What are the top stock holdings of Bank of India ELSS Tax Saver – Direct (IDCW)?

The top stock holdings of Bank of India ELSS Tax Saver – Direct (IDCW) are
  1. St Bk of India - 4.58%
  2. Canara Bank - 3.96%
  3. HDFC Bank - 3.76%
  4. Bank of Baroda - 3.75%
  5. Reliance Industr - 3.4%

How can I redeem my investments in Bank of India ELSS Tax Saver – Direct (IDCW)?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Bank of India ELSS Tax Saver – Direct (IDCW) in Scheme, enter the redemption amount, and click on submit button.
Invest Now