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: 2.32% As on (30-04-2023) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 739.12 Cr As on (30-04-2023) |
| Turn over: 70% | Exit Load: Nil |
105.14
0.13 (0.1236%)
17.91%
Benchmark: 12.59%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
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
| Standard Deviation | 15.11 |
| Sharpe Ratio | 1.37 |
| Alpha | 2.65 |
| Beta | 0.9 |
| 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 | 17.2 | 10.42 | 27.21 | 14.37 | 16.52 |
| Motilal Oswal Long Term Equity Fund (MOFLTE) - Regular Plan - Growth Option | 05-01-2015 | 22.29 | 10.7 | 24.42 | 10.59 | - |
| SBI Long Term Equity Fund - Regular Plan- Growth | 31-03-1993 | 21.57 | 13.56 | 27.19 | 13.51 | 14.62 |
| HDFC Taxsaver - Growth Plan | 05-03-1996 | 18.78 | 16.87 | 26.8 | 11.51 | 14.09 |
| JM Tax Gain Fund (Regular) - Growth option | 31-03-2008 | 18.28 | 11.55 | 26.65 | 13.71 | 16.32 |
| Kotak Tax Saver-Scheme-Growth | 01-11-2005 | 17.9 | 12.06 | 25.88 | 14.71 | 15.62 |
| BANDHAN Tax Advantage (ELSS) Fund - Regular Plan - Growth | 26-12-2008 | 17.75 | 13.55 | 33.85 | 14.15 | 17.43 |
| HSBC ELSS Fund - Regular Growth | 01-01-2013 | 17.25 | 9.19 | 22.48 | 9.59 | 14.1 |
| Taurus Taxshield - Regular Plan - Growth | 31-03-1996 | 17.13 | 9.96 | 21.62 | 10.91 | 13.41 |
| IDBI Equity Advantage Fund - Growth Regular | 10-09-2013 | 16.52 | 10.57 | 20.1 | 9.07 | - |
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
PORTFOLIO
Market Cap Distribution
Small Cap
10.54%
Others
7.02%
Large Cap
57.88%
Mid Cap
24.56%
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
