Bank of India ELSS Tax Saver Fund Regular Growth

• Alpha 5.75%
• Beta 0.93
• Sharpe Ratio0.68
• Std Deviation 16.07%
• Tracking Error 8.40%

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 1401.86 crores & has delivered CAGR of 15.51% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 1.97%. 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 Vedanta, State Bank of India, ICICI Bank & Bharti Airtel.

The major sectors where the fund is invested are Regional Banks, Chemical Manufacturing, Electric Utilities & Metal Mining.

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, Invesco India ELSS Tax Saver Fund Growth, Sundaram Value Fund Growth. Bank of India ELSS Tax Saver Fund Regular Growth has a sharpe ratio of 0.68 & a standard deviation of 16.07%.