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BANK OF INDIA Tax Advantage Fund-Regular Plan- Growth

Fund House: Bank of India Mutual Fund
Category: Equity: ELSS
Launch Date: 25-02-2009
Asset Class: Equity
Benchmark: S&P BSE 500 TRI
Expense Ratio: 2.5% As on (30-06-2022)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 500.0
Total Assets: 608.62 Cr As on (31-07-2022)
Turn over: 78% | Exit Load: Nil
NAV as on 11-08-2022

96.97

0.68 (0.7012%)

CAGR Since Inception

18.38%

S&P BSE 500 TRI 11.27%

PERFORMANCE

Returns Type:
of  : 
Start :  
End : 
Period:  
This Scheme
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vs
S&P BSE 500 TRI
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Gold
-
PPF
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Returns Type:
of  : 
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

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Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
0 Years 6 Months
6 Years 0 Months
8 Years 6 Months
12 Years 6 Months
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection.

Current Asset Allocation (%)

Indicators

Volatility 14.04
Sharp Ratio 0.76
Alpha 5.93
Beta 0.88
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date		 1 Year
Return(%)		 2 Year
Return(%)		 3 Year
Return(%)		 5 Year
Return(%)		 10 Year
Return(%)
BANK OF INDIA Tax Advantage Fund-Regular Plan- Growth 25-02-2009 2.19 28.58 25.58 15.76 16.43
HDFC Taxsaver - Growth Plan 05-03-1996 15.73 29.61 17.62 9.75 13.8
Quant Tax Plan - Growth Option - Regular Plan 01-04-2000 13.24 45.22 37.93 21.96 20.76
Parag Parikh Tax Saver Fund- Regular Growth 08-07-2019 12.95 27.65 23.28 - -
Sundaram Tax Savings Fund (Formerly Known as Principal Tax Savings Fund) Regular Growth 02-01-2013 11.41 29.15 19.79 12.31 16.68
Tata India Tax Savings Fund-Growth-Regular Plan 13-10-2014 10.92 27.24 17.8 12.71 -
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 26-12-2008 10.77 37.15 23.97 14.19 17.64
Sundaram Diversified Equity (ELSS) Regular Plan - Growth 10-05-2005 10.34 27.95 17.24 9.5 13.63
Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option 05-09-2005 10.18 32.69 17.5 6.11 13.87
Union Long Term Equity Fund - Growth Option 23-12-2011 9.63 28.9 21.78 14.18 14.07

Scheme Characteristics

Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

11.81%

Others

7.33%

Large Cap

53.96%

Mid Cap

26.9%

Scheme Documents

There are no scheme documents available

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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