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3 Year return
25.3%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹1297.72 Cr.
Expense Ratio
0.99% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal within 1 year
Not applicable as these investments cannot be sold before the 3 year lock-in period
Withdrawal after 1 year
10% tax on gains over ₹1 Lakh per financial year
Fund Holdings
| Other Holdings | % of Asset |
|---|---|
| Reliance Industr | 2.94 % |
| Bank of Baroda | 2.79 % |
| Hind.Aeronautics | 2.61 % |
| NTPC | 2.57 % |
| HEG | 2.37 % |
| Larsen & Toubro | 2.29 % |
| Tata Steel | 2.17 % |
| Ambuja Cements | 2.15 % |
| Jio Financial | 1.98 % |
| S A I L | 1.82 % |
| Union Bank (I) | 1.76 % |
| TREPS | 1.75 % |
| UltraTech Cem. | 1.73 % |
| Indian Bank | 1.71 % |
| Tata Power Co. | 1.61 % |
| Graphite India | 1.59 % |
| Sun Pharma.Inds. | 1.57 % |
| Siemens | 1.53 % |
| Triven.Engg.Ind. | 1.52 % |
| Uno Minda | 1.51 % |
| Hero Motocorp | 1.49 % |
| Coromandel Inter | 1.46 % |
| Mankind Pharma | 1.46 % |
| ICICI Bank | 1.43 % |
| Lupin | 1.4 % |
| Inox India | 1.33 % |
| J B Chem & Pharm | 1.32 % |
| Bharat Forge | 1.28 % |
| A B B | 1.26 % |
| K P R Mill Ltd | 1.24 % |
| Varun Beverages | 1.23 % |
| DLF | 1.2 % |
| C D S L | 1.17 % |
| CMS Info Systems | 1.15 % |
| Balrampur Chini | 1.14 % |
| HCL Technologies | 1.14 % |
| REC Ltd | 1.13 % |
| Endurance Tech. | 1.07 % |
| Prudent Corp. | 1.06 % |
| Deepak Nitrite | 1.05 % |
| Power Fin.Corpn. | 1.04 % |
| Titan Company | 1.02 % |
| Tata Motors | 1.02 % |
| Swan Energy | 1 % |
| IndusInd Bank | 1 % |
| The Ramco Cement | 0.98 % |
| Indian Hotels Co | 0.98 % |
| KPIT Technologi. | 0.98 % |
| General Insuranc | 0.96 % |
| Coforge | 0.94 % |
| Tega Inds. | 0.92 % |
| JTEKT India | 0.89 % |
| Astral | 0.78 % |
| Mahindra Life. | 0.76 % |
| Poly Medicure | 0.63 % |
| B H E L | 0.58 % |
| Rategain Travel | 0.54 % |
| APL Apollo Tubes | 0.48 % |
| Dixon Technolog. | 0.45 % |
| TCS | 0.44 % |
| Reverse Repo | 0.36 % |
| Metro Brands | 0.36 % |
| P I Industries | 0.28 % |
| TBILL-364D | 0.04 % |
| Net CA & Others | -0.23 % |
Bank of India Mutual Fund Managers
AM
Aakash Manghani
Fund Manager since Jul 2019
Fund House Details
Bank of India Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
|
Funds
|
3 Y Returns
|
ARQ Rating
|
|---|---|---|
|
Quant ELSS Tax Saver Fund IDCW Direct Plan Payout |
28.86% |
3.5 |
|
SBI Long Term Equity Fund Direct Plan IDCW Payout |
27.91% |
5 |
|
Bank of India ELSS Tax Saver Direct Plan IDCW Payout |
25.29% |
3 |
Schemes by Bank of India Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Growth
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Annual IDCW Payout
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Annual IDCW Reinvestment
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Monthly IDCW Payout
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Monthly IDCW Reinvestment
About Bank of India Tax Advantage Fund Direct Plan Growth
Bank of India Tax Advantage Fund, managed by Bank of India AXA Mutual Fund, falls within the category of equity-linked savings schemes (ELSS), providing investors with a tax-saving investment avenue. This direct growth plan is designed to offer capital growth potential while enabling tax benefits. The fund primarily invests in a diversified portfolio of equity and equity-related securities, aiming to deliver higher returns over the long term. The expense ratio of the fund is slightly higher than the category average.
Investment Objective of the Scheme
The scheme's primary objective is to provide investors with an opportunity for capital appreciation and tax savings. Bank of India Tax Advantage Fund Direct Plan Growth achieves this by primarily investing in a diversified range of equity stocks across various sectors and market capitalisations. The fund aims to provide the dual benefit of potential capital growth and tax deductions for eligible investments.
Key Features of The Fund
| 5-year return | 27% |
| Expense Ratio | 0.99% |
| Fund Manager | Aakash Manghani |
| Fund Size | ₹1297.72 Cr |
| Risk Profile | Very High |
Is This Scheme Right for Me?
If you're looking to invest for both capital growth and tax savings, Bank of India Tax Advantage Fund Direct Plan Growth could be a suitable choice. This fund aligns with individuals seeking to benefit from the potential returns of equity investments while simultaneously reducing their tax liability through eligible deductions. However, remember that equity investments carry market-related risks, and the tax benefits are subject to prevailing tax laws. Evaluate your investment goals, risk tolerance, and tax planning needs before considering this fund. Seeking guidance from financial experts can provide personalised insights for well-informed decisions.
AMC Contact Details
| Name | Bank of India Mutual Fund |
| Launch Date | March 2008 |
| Addresss | Bank of India Investment Managers Private Limited, B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013. |
| Contact | 022-612490001800 - 266 - 2676 1800 - 103 – 226391-22-61249024 |
| service@boimf.in | |
| Website | https://www.boimf.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
