Bank of India Tax Advantage Fund Regular Growth
EquityELSS (Tax Savings)Very High Risk
Regular
NAV (06-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹1,485 Cr
Expense Ratio
2.08%
ISIN
INF761K01181
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
25 Feb 2009
About this fund
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹171.01, Assets Under Management (AUM) of 1484.56 Crores, and an expense ratio of 2.08%.
- Bank of India Tax Advantage Fund Regular Growth has given a CAGR return of 20.06% since inception.
- The fund's asset allocation comprises around 99.29% in equities, 0.04% in debts, and 0.67% in cash & cash equivalents.
- You can start investing in Bank of India Tax Advantage Fund Regular Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+45.52%
+39.82% (Cat Avg.)
3 Years
+19.18%
+18.95% (Cat Avg.)
5 Years
+28.51%
+23.15% (Cat Avg.)
10 Years
+17.51%
+15.31% (Cat Avg.)
Since Inception
+20.06%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹1,474.08 Cr | 99.29% |
| Debt | ₹0.53 Cr | 0.04% |
| Others | ₹9.95 Cr | 0.67% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| State Bank of India | Equity | ₹65.6 Cr | 4.42% |
| Oil India Ltd | Equity | ₹60.82 Cr | 4.10% |
| Vedanta Ltd | Equity | ₹54.59 Cr | 3.68% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹49.18 Cr | 3.31% |
| HDFC Bank Ltd | Equity | ₹46.86 Cr | 3.16% |
| Canara Bank | Equity | ₹40.15 Cr | 2.70% |
| NTPC Ltd | Equity | ₹39.73 Cr | 2.68% |
| Reliance Industries Ltd | Equity | ₹34.32 Cr | 2.31% |
| Bank of Baroda | Equity | ₹32.63 Cr | 2.20% |
| Bharat Forge Ltd | Equity | ₹32.42 Cr | 2.18% |
| Larsen & Toubro Ltd | Equity | ₹31.59 Cr | 2.13% |
| UNO Minda Ltd | Equity | ₹31.44 Cr | 2.12% |
| Indian Bank | Equity | ₹31.11 Cr | 2.10% |
| Swan Energy Ltd | Equity | ₹30.76 Cr | 2.07% |
| REC Ltd | Equity | ₹30.6 Cr | 2.06% |
| Ambuja Cements Ltd | Equity | ₹30.6 Cr | 2.06% |
| Siemens Ltd | Equity | ₹29.24 Cr | 1.97% |
| Tata Steel Ltd | Equity | ₹28.21 Cr | 1.90% |
| Titagarh Rail Systems Ltd | Equity | ₹26.89 Cr | 1.81% |
| UltraTech Cement Ltd | Equity | ₹26.75 Cr | 1.80% |
| Steel Authority Of India Ltd | Equity | ₹26.17 Cr | 1.76% |
| Coromandel International Ltd | Equity | ₹26.09 Cr | 1.76% |
| HEG Ltd | Equity | ₹25.8 Cr | 1.74% |
| Tata Power Co Ltd | Equity | ₹25.36 Cr | 1.71% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹24.79 Cr | 1.67% |
| Hero MotoCorp Ltd | Equity | ₹23.33 Cr | 1.57% |
| Jupiter Wagons Ltd | Equity | ₹23.15 Cr | 1.56% |
| Triveni Engineering & Industries Ltd | Equity | ₹22.96 Cr | 1.55% |
| Jio Financial Services Ltd | Equity | ₹22.34 Cr | 1.50% |
| ICICI Bank Ltd | Equity | ₹20.9 Cr | 1.41% |
| Ami Organics Ltd | Equity | ₹20.87 Cr | 1.41% |
| CMS Info Systems Ltd | Equity | ₹20.72 Cr | 1.40% |
| Deepak Nitrite Ltd | Equity | ₹20.41 Cr | 1.37% |
| Power Finance Corp Ltd | Equity | ₹20.04 Cr | 1.35% |
| Union Bank of India | Equity | ₹19.95 Cr | 1.34% |
| ABB India Ltd | Equity | ₹19.74 Cr | 1.33% |
| IRCON International Ltd | Equity | ₹19.66 Cr | 1.32% |
| Balrampur Chini Mills Ltd | Equity | ₹19.43 Cr | 1.31% |
| Dixon Technologies (India) Ltd | Equity | ₹17.43 Cr | 1.17% |
| Varun Beverages Ltd | Equity | ₹17.04 Cr | 1.15% |
| DLF Ltd | Equity | ₹16.89 Cr | 1.14% |
| INOX India Ltd | Equity | ₹16.57 Cr | 1.12% |
| K.P.R. Mill Ltd | Equity | ₹16.53 Cr | 1.11% |
| Coforge Ltd | Equity | ₹16.39 Cr | 1.10% |
| HCL Technologies Ltd | Equity | ₹16.1 Cr | 1.08% |
| KPIT Technologies Ltd | Equity | ₹15.66 Cr | 1.05% |
| Lupin Ltd | Equity | ₹15.49 Cr | 1.04% |
| General Insurance Corp of India | Equity | ₹15.48 Cr | 1.04% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹15.47 Cr | 1.04% |
| Bharat Heavy Electricals Ltd | Equity | ₹14.69 Cr | 0.99% |
| JTEKT India Ltd | Equity | ₹14.25 Cr | 0.96% |
| Central Depository Services (India) Ltd | Equity | ₹14.01 Cr | 0.94% |
| Tata Consultancy Services Ltd | Equity | ₹13.59 Cr | 0.92% |
| Mankind Pharma Ltd | Equity | ₹13.18 Cr | 0.89% |
| Indian Hotels Co Ltd | Equity | ₹12.58 Cr | 0.85% |
| IndusInd Bank Ltd | Equity | ₹12.28 Cr | 0.83% |
| Mahindra Lifespace Developers Ltd | Equity | ₹12.1 Cr | 0.82% |
| Graphite India Ltd | Equity | ₹10.64 Cr | 0.72% |
| Poly Medicure Ltd | Equity | ₹9.31 Cr | 0.63% |
| Treps | Cash - Repurchase Agreement | ₹7.65 Cr | 0.52% |
| Rategain Travel Technologies Ltd | Equity | ₹7.23 Cr | 0.49% |
| Metro Brands Ltd | Equity | ₹5.95 Cr | 0.40% |
| Net Receivables / (Payables) | Cash | ₹2.3 Cr | 0.15% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.53 Cr | 0.04% |
Allocation By Market Cap (Equity)
Large Cap Stocks
52.06%
Mid Cap Stocks
25.73%
Small Cap Stocks
21.50%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹396.74 Cr | 26.72% |
| Industrials | ₹287.9 Cr | 19.39% |
| Basic Materials | ₹233.68 Cr | 15.74% |
| Consumer Cyclical | ₹167.26 Cr | 11.27% |
| Energy | ₹95.14 Cr | 6.41% |
| Technology | ₹86.41 Cr | 5.82% |
| Utilities | ₹65.08 Cr | 4.38% |
| Consumer Defensive | ₹59.42 Cr | 4.00% |
| Healthcare | ₹53.46 Cr | 3.60% |
| Real Estate | ₹28.99 Cr | 1.95% |
Risk & Performance Ratios
Standard Deviation
This fund
14.23%
Cat. avg.
12.72%
Lower the better
Sharpe Ratio
This fund
1.03
Cat. avg.
1.02
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
Alok Singh
Since April 2022
Additional Scheme Detailsas of 31st July 2024
ISIN | INF761K01181 | Expense Ratio | 2.08% | Exit Load | No Charges | Fund Size | ₹1,485 Cr | Age | 25 Feb 2009 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | S&P BSE 500 India TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4722.04 Cr | 37.4% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4722.04 Cr | 35.8% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38278.40 Cr | 35.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4016.58 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4016.58 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹56.80 Cr | 39.5% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.80 Cr | 37.3% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹385.94 Cr | 55.9% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹385.94 Cr | 53.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1677.93 Cr | 25.8% |
About the AMC
Total AUM
₹10,118 Cr
Address
B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013
Other Funds by BOI Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
Unlock Expert Insights!
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Bank of India Tax Advantage Fund Regular Growth?
What are the returns of Bank of India Tax Advantage Fund Regular Growth?
What is the portfolio composition of Bank of India Tax Advantage Fund Regular Growth?
Who manages the Bank of India Tax Advantage Fund Regular Growth?
- Alok Singh
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.