Bank of India ELSS Tax Saver - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :
1 Year | 3 Year | 5 Year | 9 Year | |
CAGR(%) | 56.93 | 26.1 | 27.38 | 19.01 |
Average Rolling Returns(%) | 21.99 | 18.58 | 16.77 | 17.93 |
The Current NAV of Bank of India ELSS Tax Saver - Growth - Direct Plan is ₹175.49.
You can consider SIP in Bank of India ELSS Tax Saver - Growth - Direct Plan as it has consistently outperformed the benchmark and has a Somewhat Good quality portfolio. Funds returns are more likely to be different than its benchmark S&P BSE 500 returns, as Funds portfolio is significantly different.
Bank of India ELSS Tax Saver - Growth - Direct Plan fund’s expense ratio is 1.19%
The process for redemption is
The AUM of Bank of India ELSS Tax Saver - Growth - Direct Plan is currently ₹1,298 Crores.
The Top three stocks are SBI, Canara Bank and Vedanta and account for 11% of its portfolio. Top 5 and 10 stocks of fund account for 18% and 31% of fund’s portfolio respectively.
Top three sectors of Bank of India ELSS Tax Saver - Growth - Direct Plan fund are BFSI, Construction & Infrastructure and Capital Goods accounting for 51% of the total portfolio.
Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a Equity - ELSS it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.
The category of Bank of India ELSS Tax Saver - Growth - Direct Plan Fund is Equity - ELSS.
Alok Singh manages the Bank of India ELSS Tax Saver - Growth - Direct Plan Fund.
Bank of India ELSS Tax Saver - Growth - Direct Plan current PE ratio is 34.31 and PB ratio is 5.51
The asset allocation of Bank of India ELSS Tax Saver - Growth - Direct Plan is Stocks : 98.08%, Debt : 1.91% and Gold : 0%
The minimum SIP amount for Bank of India ELSS Tax Saver - Growth - Direct Plan is ₹500.00 and minimum lumpsum is ₹500.00
The exit load for Bank of India ELSS Tax Saver - Growth - Direct Plan is Nil