Become a PartnerBecome a Partner - Get 100% Brokerage Sharing
m.Stock by Mirae AssetOpen an Account
m.Stock by Mirae Asset
LoginOpen an Account
m.Stock by Mirae Asset
LoginOpen an Account
/MF-Logo-img/29865.png

Bank of India ELSS Tax Saver (IDCW)

ELSS
Invest Now

  • NAV

    30.74(1.72%)

  • Fund Size (CR)

    ₹1,441.45

  • Expense Ratio

    1.95

  • Scheme Type

    Active Fund

  • Value Research

  • Min. investment

    ₹500

  • Minimum Additional Investment

    ₹500

  • Minimum SIP Investment

    ₹500

  • Minimum Withdrawal

    ₹500

  • Exit Load Nil

    0%

  • Return Since Launch

    18.91%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: -7.63%
Annualized Return: 0% [object Object]

Basic Details

Scheme Manager

Alok Singh

Bench Mark

BSE 500 TRI

Type

OPEN

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 8 January 20259536.13-4.64%--3.50%207/225
1 Month13 December 20248859.57-11.40%--7.74%225/225
3 Month15 October 20249058.75-9.41%--8.77%141/225
6 Month15 July 20248818.21-11.82%--5.27%217/225
1 Year15 January 202411134.8611.35%11.35%12.70%119/225
3 Year14 January 202214820.9948.21%14.01%13.89%106/215
5 Year15 January 202027775.14177.75%22.67%19.67%56/215
Since Inception25 February 2009156947.601469.48%18.91%16.08%36/225

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year1 February 20241,20,000606319.45405.27% 405.27%
3 Year1 February 20223,60,0002535892.95604.41% 91.69%
5 Year3 February 20206,00,0004952777.81725.46% 52.52%
10 Year2 February 201512,00,00011366785.53847.23% 25.21%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

  • Investment type
  • Scheme based
  • SIP
  • Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

  • Invested Amount

    ₹25,000

  • Estimated Returns

    ₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

4.20%

Standard Deviation

1.01%

Beta

0.84%

Sharpe Ratio

0.09%

Treynor's Ratio

6.91%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
HDFC Bank5.41%44000078.01EquityBanks
St Bk of India4.63%83900066.70EquityBanks
Vedanta4.17%135300060.13EquityMining & Mineral products
Coforge3.69%5510053.24EquityIT - Software
Swan Energy2.99%60000043.15EquityDiversified
NTPC Green2.63%298451537.96EquityPower Generation & Distribution
General Insuranc2.62%85069637.79EquityInsurance
ICICI Bank2.53%28500036.53EquityBanks
Ami Organics2.47%16562035.59EquityPharmaceuticals
Prudent Corp.2.46%13000035.53EquityStock/ Commodity Brokers

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
SBI Long Term Advantage Fund-Series V -Dir (IDCW)
366.59-5.61%-4.30%3.25%36.02%16.56%
SBI Long Term Advantage Fund - Series V -Dir (G)
366.59-5.61%-4.30%3.25%36.02%16.56%
Motilal Oswal ELSS Tax Saver Fund-Dir (IDCW)
4414.88-9.58%-9.37%3.47%31.55%23.14%
Motilal Oswal ELSS Tax Saver Fund-Dir (G)
4414.88-9.58%-9.37%3.47%31.55%23.14%
HSBC Tax Saver Equity Fund - Direct (G)
260.85-7.71%-4.78%2.97%24.06%15.67%

News

  • Bank of India MF announces change in Fund Manager of the following schemes

    Bank of India Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 01 October 2024

    Change in Fund Managers of the Schemes:

    Scheme Name Existing Fund Manager(s) New Fund Manager(s)
    Bank of India Small Cap Fund Mr. Dhruv Bhatia Mr. Alok Singh
    Bank of India Blue Chip Fund Mr. Dhruv Bhatia ' Mr. Alok Singh
    ' Mr. Nilesh Jethani ' Co-Fund Manager
    Bank of India Midcap Tax Fund - Series 1 Mr. Dhruv Bhatia Mr. Nilesh Jethani
    Bank of India Midcap Tax Fund - Series 2 Mr. Dhruv Bhatia Mr. Nilesh Jethani
    Bank of India Arbitrage Fund Mr. Alok Singh Mr. Firdaus Ragina

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

12 December 2008

Total AUM (Cr)

₹1441.44

Bank of India ELSS Tax Saver (IDCW) is an ELSS-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in 12 December 2008, this fund is managed by Alok Singh. With assets under management (AUM) worth ₹1,441.45 (Cr), as of 16 January 2025, Bank of India ELSS Tax Saver (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 18.91% since its launch.
The current NAV of Bank of India ELSS Tax Saver (IDCW) is ₹30.74, as on 16 January 2025. The fund's benchmark index is BSE 500 TRI. You can invest in Bank of India ELSS Tax Saver (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated 14.01% and 22.67% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 97.13% in Equity, 2.95% in Debt and -0.08% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 15.22% in Banks, 7.68% in Debt, 6.59% in IT-Software, 5.77% in Pharmaceuticals & Biotech, 4.63% in Power

FAQs

How to Invest in Bank of India ELSS Tax Saver (IDCW) Direct Growth?

Bank of India ELSS Tax Saver (IDCW) is a popular fund in the ELSS segment. The fund has generated a return of 18.91% since inception. Looking to invest in Bank of India ELSS Tax Saver (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India ELSS Tax Saver (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Bank of India ELSS Tax Saver (IDCW)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Bank of India ELSS Tax Saver (IDCW) today and reap the benefits of this ELSS fund!

How much returns has Bank of India ELSS Tax Saver (IDCW) Direct Growth generated?

In the short term, i.e., 1 year, Bank of India ELSS Tax Saver (IDCW) has generated annualised return of 11.35%. In the long-term, the fund has generated 14.01% and 22.67% in 3 and 5 years respectively. Since its inception, the fund has generated 18.91% returns.

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

The expense ratio of Bank of India ELSS Tax Saver (IDCW) Direct Growth is 1.95%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

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

The Assets Under Management (AUM) of Bank of India ELSS Tax Saver (IDCW) is ₹1,441.45 (Cr) as of 2025-01-16 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Bank of India ELSS Tax Saver (IDCW) Direct Growth?

Redeeming or selling units of Bank of India ELSS Tax Saver (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.


To redeem from Bank of India ELSS Tax Saver (IDCW):
  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Bank of India ELSS Tax Saver (IDCW)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.