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

17.91%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 50 TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

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

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

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

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