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Business News/Market/Market Stats/    Bank of India ELSS Tax Saver Fund Regular Growth

Bank of India ELSS Tax Saver Fund Regular Growth

+
  • Equity
  • ELSS (Tax Savings)
  • Rating 5
  • Plan
162.78 +0.05 (0.03%) NAV as on 22 May, 2024
  • 5D
  • 1M
  • 6M
  • 1Y
  • 5Y
  • MAX

Key Metrics

  • AUM (in Cr)1297.72
  • CAGR 58.08%
  • Exit Load0.00%
  • Expense ratio2.17%
  • CategoryEquity
  • Min Investment500
  • Min SIP500
  • Launch Date2009-02-25

Morning Star Rating 5

Medium
Risk
Exceptional
Return

Asset Allocation

Holdings As On - 23 May 2024

  • Name
  • Value (Cr)
  • Holding %
  • Canara Bank
  • 46.34
  • 3.57%
  • HEG
  • 30.71
  • 2.37%
View More

Risk & Volitility

  • Alpha 5.75%
  • Beta 0.93
  • Sharpe Ratio1.26
  • Std Deviation 14.34%
  • Tracking Error 8.40%

About Fund

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized).

 

The Bank of India ELSS Tax Saver Fund Regular Growth has an AUM of 1297.72 crores & has delivered CAGR of 26.44% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.17%. The minimum investment in Bank of India ELSS Tax Saver Fund Regular Growth is Rs 500 and the minimum SIP is Rs 500.

 

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

 

The top holdings of the fund include State Bank Of India, Canara Bank, Vedanta & Oil India.

 

The major sectors where the fund is invested are Regional Banks, Electronic Instr. & Controls, Oil & Gas Operations & Construction Services.

 

Some of the similar funds are Bank of India ELSS Tax Saver Fund Eco Growth, Bank of India ELSS Tax Saver Fund Regular Growth, Sundaram ELSS Tax Saver Fund Regular Plan - Growth, LIC MF ELSS Tax Saver Growth, Sundaram Diversified Equity Fund Growth. Bank of India ELSS Tax Saver Fund Regular Growth has a sharpe ratio of 1.26 & a standard deviation of 14.34%.

FAQs about Bank of India ELSS Tax Saver Fund Regular Growth

According to the morning star rating Bank of India ELSS Tax Saver Fund Regular Growth has a Medium risk & Exceptional return.
Bank of India ELSS Tax Saver Fund Regular Growth is managed by Alok Singh.
The expense ratio of Bank of India ELSS Tax Saver Fund Regular Growth is 2.17%.
The 5 year annualized return on Bank of India ELSS Tax Saver Fund Regular Growth is 26.44% & it has generated 58.08% in the last 1 year.
The minimum investment in Bank of India ELSS Tax Saver Fund Regular Growth is 500 Rs.
Bank of India ELSS Tax Saver Fund Regular Growth has an AUM of 1297.72 crores.
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