EQUITY•ELSS
Bank of India ELSS Tax Saver
3 Year return
14.73%
NAV on August 15, 2026
197.13
1D Returns
+0.71%
Launched on January 2013(13 years)
Investment Details
₹500
Minimum SIP Amount
₹500
Minimum one time investment
Lock-in period: 3.0000 years
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
26.33%₹948
Total Value ₹4,548
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹1,395.32 Cr.
Expense Ratio
1.03% (inclusive of GST)
Exit Load
Nil
Ratings
3
Ratings by other agencies
Value Research
4
Crisil
4
Morning Star
5
Tax Implications
Withdrawal after 3 years:
12.5% tax on gains above ₹1.25 lakh per financial year
Bank of India Mutual Fund Manager
AS
Alok Singh
Fund Manager since Apr 2022
Fund House Details
Bank of India Mutual Fund
Asset management company
AUM
₹15,445.85 Cr.
No. of Schemes
77
Setup Date
March 2008
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| Motilal Oswal ELSS Tax Saver Fund | 23.776% | 2.5 |
| SBI ELSS Tax Saver Fund | 16.4242% | 5 |
| Quant ELSS Tax Saver Fund | 16.9362% | 3.5 |
Schemes by Bank of India Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
Bank of India Tax Advantage Fund, managed by Bank of India AXA Mutual Fund, falls within the category of equity-linked savings schemes (ELSS), providing investors with a tax-saving investment avenue. This direct growth plan is designed to offer capital growth potential while enabling tax benefits. The fund primarily invests in a diversified portfolio of equity and equity-related securities, aiming to deliver higher returns over the long term. The expense ratio of the fund is slightly higher than the category average.
Investment Objective of the Scheme
The scheme's primary objective is to provide investors with an opportunity for capital appreciation and tax savings. Bank of India Tax Advantage Fund Direct Plan Growth achieves this by primarily investing in a diversified range of equity stocks across various sectors and market capitalisations. The fund aims to provide the dual benefit of potential capital growth and tax deductions for eligible investments.
Key Features of The Fund
5-year return
12.8328%
Expense Ratio
1.03%
Fund Manager
Alok Singh
Fund Size
₹1395.32 Cr.
Risk Profile
Very High
Is This Scheme Right for Me?
If you're looking to invest for both capital growth and tax savings, Bank of India Tax Advantage Fund Direct Plan Growth could be a suitable choice. This fund aligns with individuals seeking to benefit from the potential returns of equity investments while simultaneously reducing their tax liability through eligible deductions. However, remember that equity investments carry market-related risks, and the tax benefits are subject to prevailing tax laws. Evaluate your investment goals, risk tolerance, and tax planning needs before considering this fund. Seeking guidance from financial experts can provide personalised insights for well-informed decisions.
AMC Contact Details
| Name | Bank of India Mutual Fund |
| Launch Date | March 2008 |
| Address | Bank of India Investment Managers Private Limited, B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013. |
| Contact | 022-612490001800 - 266 - 2676 1800 - 103 – 226391-22-61249024 |
| service@boimf.in | |
| Website | https://www.boimf.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Take the Guessing out of Investing
Compounding in SIP can make it difficult to estimate the expected returns in a mutual fund. The process of guessing can be replaced with estimating as Angel One's free SIP calculator gives you the approximate amount to be expected. The SIP calculator online takes into consideration the principle of compounding and gives your return amount depending on variables such as years, SIP amount as well as the expected rate of return.
FAQs
What is today's NAV of Bank of India ELSS Tax Saver?
NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Bank of India ELSS Tax Saver on August 15, 2026, is ₹197.13
What is the AUM of Bank of India ELSS Tax Saver?
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Bank of India ELSS Tax Saver, is ₹1395.32 crore.
What is the expense ratio of Bank of India ELSS Tax Saver?
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of Bank of India ELSS Tax Saver is 1.03%
What are the returns of Bank of India ELSS Tax Saver since inception?
The Bank of India ELSS Tax Saver was launched on January 01, 2013. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in Bank of India ELSS Tax Saver?
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Bank of India ELSS Tax Saver is ₹500.
How do I invest in Bank of India ELSS Tax Saver?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Bank of India ELSS Tax Saver?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Bank of India ELSS Tax Saver?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Bank of India ELSS Tax Saver?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
ENTER AMOUNT
₹
₹4,548 in 3Y at 14.7329% returns
SIP Date1st of every month
Your next SIP Payment will be on 16 September 2026
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