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: 2.47% As on (31-12-2022) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 692.94 Cr As on (31-12-2022) |
| Turn over: 74% | Exit Load: Nil |
98.83
1.17 (1.1839%)
17.85%
NIFTY 50 TRI 12.46%
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 | 20.91 |
| Sharpe Ratio | 0.9 |
| Alpha | 5.57 |
| Beta | 0.86 |
| 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 | -0.85 | 14.29 | 20.28 | 12.28 | 15.74 |
| HDFC Taxsaver - Growth Plan | 05-03-1996 | 8.56 | 17.5 | 17.86 | 8.42 | 12.67 |
| Parag Parikh Tax Saver Fund- Regular Growth | 05-07-2019 | 5.57 | 18.46 | 23.23 | - | - |
| Quantum Tax Saving Fund - Regular Plan Growth Option | 01-04-2017 | 5.11 | 10.66 | 16.22 | 8.37 | - |
| SBI Long Term Equity Fund - Regular Plan- Growth | 31-03-1993 | 4.45 | 13.47 | 18.29 | 9.97 | 13.44 |
| Taurus Taxshield - Regular Plan - Growth | 31-03-1996 | 3.63 | 10.96 | 13.89 | 9.31 | 11.89 |
| Tata India Tax Savings Fund-Growth-Regular Plan | 13-10-2014 | 2.06 | 11.85 | 15.67 | 10.61 | - |
| Kotak Tax Saver-Scheme-Growth | 01-11-2005 | 1.91 | 14.82 | 16.2 | 12.46 | 13.96 |
| Sundaram Diversified Equity (ELSS) Regular Plan - Growth | 10-05-2005 | 1.87 | 13.03 | 14.32 | 7.79 | 12.16 |
| Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option | 05-09-2005 | 1.44 | 15.22 | 14.6 | 4.01 | 12.66 |
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
12.42%
Others
0.59%
Large Cap
57.85%
Mid Cap
29.14%
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
