Bank of India ELSS Tax Saver Fund Eco-IDCW
NAV as of Aug 29, 2024
31.31-0.32%
- IDCW - Regular
(Earn upto 1.12% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
2.08%(1.94% Category
average)Fund Size:
Rs. 1,484.56 Cr(0.59% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bank of India ELSS Tax Saver Fund Eco-IDCW
NAV as of Aug 29, 2024
31.31-0.32%
Expense Ratio:
2.08%
Fund Size:
Rs. 1,484.56 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the Bank of India ELSS Tax Saver Fund - Eco Plan as of Aug 29, 2024 is Rs 31.31 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 53.77% (1yr), 22.31% (3yr), 29.63% (5yr) and 20.87% (since launch). Whereas, Category returns for the same time duration are: 41.97% (1yr), 19.87% (3yr) and 22.5% (5yr).
3. Fund Size: The Bank of India ELSS Tax Saver Fund - Eco Plan currently holds Assets under Management worth of Rs 1484.56 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 2.08% for Regular plan as on Jul 31, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
Bank of India ELSS Tax Saver Fund Eco-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -1.01 7.87 18.76 53.08 22.16 29.67 Category Avg 1.30 11.83 18.95 41.43 19.81 22.64 Rank within Category 29 66 72 60 41 21 No. of funds within Category 38 38 38 38 33 32 - Loading...
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Return Comparison
- This Fund
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Bank of India ELSS Tax Saver Fund Eco-IDCW Fund Details
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.
Fund House | Bank of India Mutual Fund |
Launch Date | Feb 25, 2009 |
Benchmark | NIFTY 50 Total Return Index |
Return Since Launch | 20.84% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Bank of India ELSS Tax Saver Fund Eco-IDCW Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 62 | 63 | 63 | 67 | 70 | 73 |
Top 5 Company Holdings | 18.67% | 18.48% | 19.04% | 17.82% | 17.7% | 17.5% |
Top 10 Company Holdings | 30.74% | 30.84% | 31.56% | 31.1% | 30.8% | 30.97% |
Company with Highest Exposure | State Bank of India (4.42%) | State Bank of India (4.47%) | State Bank of India (4.71%) | State Bank of India (4.43%) | State Bank of India (4.1%) | State Bank of India (4.03%) |
Number of Sectors | 15 | 15 | 15 | 15 | 15 | 15 |
Top 3 Sector Holdings | 47.71% | 47.87% | 49.89% | 46.92% | 45.21% | 44.33% |
Top 5 Sector Holdings | 64.81% | 66.88% | 67.96% | 64.38% | 60.52% | 55.26% |
Sector with Highest Exposure | Financial (25.68%) | Financial (25.21%) | Financial (26.47%) | Financial (26.06%) | Financial (25.11%) | Financial (24.17%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) State Bank of India Financial 4.42 10.58 77.28 41.69 Oil India Energy 4.1 18.22 41.77 296.85 Vedanta Metals & Mining 3.68 35.18 13.31 95.53 Hindustan Aeronautics Capital Goods 3.31 37.89 123.27 136.16 HDFC Bank Financial 3.16 18.33 89.60 3.03 Canara Bank Financial 2.7 6.45 17.27 68.83 NTPC Energy 2.68 18.79 22.08 85.39 Reliance Industries Energy 2.31 29.62 101.60 25.68 Bank of Baroda Financial 2.2 6.82 36.95 30.68 Bharat Forge Automobile 2.18 79.26 19.99 47.45
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bank of India ELSS Tax Saver Fund Eco-IDCW 31.31 Unrated 1,484.56 -1.01 53.08 22.16 29.67 SBI Long Term Equity Fund Regular - IDCW 90.31 27,527.24 1.14 56.74 28.34 27.69 Bank of India ELSS Tax Saver Fund Regular-IDCW 33.67 1,484.56 -1.04 52.69 21.83 29.18 Quant ELSS Tax Saver Fund-IDCW 56.17 11,065.42 -0.89 51.75 26.33 36.23 Kotak ELSS Tax Saver Fund Regular-IDCW 44.28 6,334.74 -0.82 38.12 20.41 23.15
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
14.28VS13.17Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.99VS0.90Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.17VS1.12Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
16.87VS16.59Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.25VS1.63Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
22.27VS20.24Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Bank of India Mutual Fund News
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Fund Manager
- A.S.Alok SinghSince Apr 20224 schemes
Mr. Singh is a CFA and PGDBA from ICFAI Business School. Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bank of India ELSS Tax Saver Fund Regular-IDCW ELSS 33.67 1,484.56 52.69 Bank of India Mid & Small Cap Equity & Debt Fund Regular-IDCW Aggressive Hybrid 33.45 921.20 47.24 Bank of India Flexi Cap Fund Regular-IDCW Flexi Cap 33.29 1,700.33 63.67 Bank of IndiaOI AXA Balanced Advantage Fund Regular-IDCW Dynamic Asset Allocation 17.61 138.33 25.59
More Bank of India Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Bank of India Liquid Fund Regular-Growth | 1,361.36 | 0.60 | 1.86 | 3.61 | 7.29 | 5.37 | |
Bank of India ELSS Tax Saver Fund Regular-Growth | 1,149.51 | 2.81 | 12.84 | 23.91 | 52.71 | 23.00 | |
Bank of India ELSS Tax Saver Fund Eco-Growth | 1,149.51 | 2.84 | 12.92 | 24.08 | 53.10 | 23.34 | |
Bank of India Small Cap Fund Regular - Growth | 919.56 | -3.66 | 0.51 | 10.10 | 44.27 | 26.80 | |
Bank of India Flexi Cap Fund Regular - Growth | 683.42 | 1.59 | 11.73 | 24.68 | 55.28 | 25.59 | |
Bank of India Mid & Small Cap Equity & Debt Fund Regular-Growth | 656.95 | 0.09 | 6.71 | 15.52 | 42.46 | 23.61 | |
Bank of India Multi Cap Fund Regular - Growth | 439.91 | -0.13 | 8.26 | 17.73 | 50.51 | - | |
Bank of India Large & Mid Cap Equity Fund Regular-Growth | 289.77 | 1.31 | 9.52 | 18.24 | 41.51 | 20.53 | |
Bank of India Large & Mid Cap Equity Fund Eco-Growth | 289.77 | 1.36 | 9.69 | 18.63 | 42.41 | 21.12 | |
Bank of India Manufacturing & Infrastructure Fund-Growth | 239.28 | 0.99 | 10.78 | 20.59 | 54.55 | 27.51 |
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1. Bank of India ELSS Tax Saver Fund - Eco Plan is Open-ended ELSS Equity scheme which belongs to Bank of India Mutual Fund House.
2. The fund was launched on Feb 25, 2009.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.3% in equities, 0.04% in debts and 0.66% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 30.74% of the assets, the top 3 sectors constitute around 47.71% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Bank of India ELSS Tax Saver Fund Eco-IDCW
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Bank of India ELSS Tax Saver Fund Eco-IDCW
- Is it safe to invest in Bank of India ELSS Tax Saver Fund - Eco Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bank of India ELSS Tax Saver Fund - Eco Plan comes under Very High risk category.
- What is the category of Bank of India ELSS Tax Saver Fund - Eco Plan?Bank of India ELSS Tax Saver Fund - Eco Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in Bank of India ELSS Tax Saver Fund - Eco Plan?The suggested investment horizon of investing into Bank of India ELSS Tax Saver Fund - Eco Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bank of India ELSS Tax Saver Fund - Eco Plan?The Bank of India ELSS Tax Saver Fund - Eco Plan is managed by Alok Singh (Since Apr 27, 2022).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.