Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 3/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 72/100 · Good
How this score is calculated
- Star rating (35%)3/5
- 3Y CAGR (30%)14.07%
- Expense ratio (20%)1.06%
- AUM (15%)₹1,395 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Bank of India Mutual Fund · Equity · ELSS
₹195.75
AUM: ₹1,395 Cr
NAV updated 26 days ago
Plan
Direct
Option
Idcw
Risk
High
Expense Ratio
1.06%
Exit Load
Nil
Fund Manager
Saurabh Kataria
Inception
Jan 2013
Benchmark
BSE 500 Total Return Index
Sharpe Ratio
0.08
Std Dev (1Y)
13.7%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+1.6%
3m
+4.75%
6m
+4.17%
1y
+7.38%
3y
+14.07%
5y
+12.05%
10y
+16.38%
since inception
+14.21%
TopFund's Take on BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW
BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW holds up reasonably well within the ELSS category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 72/100.
Cost: At 1.06%, the expense ratio is roughly in line with the ELSS category average of 1.06% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.08 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 13.7% is fairly typical for ELSS funds.
Who should invest: This fund is best suited to investors looking to claim the ₹1.5 lakh Section 80C tax deduction, who are comfortable with the mandatory 3-year lock-in. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW
The current NAV (Net Asset Value) of BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is ₹195.75. NAV is updated every business day after market close by AMFI.
1Y: 7.38% · 3Y CAGR: 14.07% · 5Y CAGR: 12.05%
The expense ratio of BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is 1.06% per annum. This is the annual fee charged by the fund to manage your investment.
BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is managed by Saurabh Kataria at Bank of India Mutual Fund.
BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is classified as a High risk fund. It is suitable for investors with a long-term horizon of 3+ years.
BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is a ELSS fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is ₹1,395 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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