Bank Of India Tax Advantage Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 5
BMSMONEY Rating
Gro. Opt. As On: 26-07-2024
NAV ₹174.13(R) +1.55% ₹200.5(D) +1.55%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 53.49% 22.95% 29.31% 20.22% 18.55%
LumpSum (D) 55.08% 24.29% 30.71% 21.59% 20.03%
SIP (R) 58.59% 34.2% 30.03% 25.28% 21.53%
SIP (D) 60.27% 35.58% 31.39% 26.58% 22.86%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.14 0.6 0.93 4.62% 0.17
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.32% -15.72% -16.59% 0.98 10.37%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI Long Term Equity Fund 1
HDFC Taxsaver 2
Quant Tax Plan 3
Motilal Oswal Long Term Equity Fund (Moflte) 4
Bank Of India Tax Advantage Fund 5
JM Tax Gain Fund 6
ITI Long Term Equity Fund 7
Franklin India Taxshield 8

NAV Date: 26-07-2024

Scheme Name NAV Rupee Change Percent Change
BANK OF INDIA Tax Advantage Fund-ECO Plan-IDCW 31.19
0.4800
1.5600%
BANK OF INDIA Tax Advantage Fund-Regular Plan-IDCW 33.54
0.5100
1.5400%
BANK OF INDIA Tax Advantage Fund-Direct Plan-IDCW 80.08
1.2300
1.5600%
BANK OF INDIA Tax Advantage Fund-Regular Plan- Growth 174.13
2.6600
1.5500%
BANK OF INDIA Tax Advantage Fund-ECO Plan-Growth 187.89
2.8700
1.5500%
BANK OF INDIA Tax Advantage Fund-Direct Plan- Growth 200.5
3.0700
1.5500%

Review Date: 26-07-2024

Bank Of India Tax Advantage Fund has exhibited very good performance in the ELSS (Tax Saving) Fund category. The fund has rank of 5 out of 35 funds in the category. The fund has delivered return of 53.49% in 1 year, 22.95% in 3 years, 29.31% in 5 years and 18.55% in 10 years. The category average for the same periods is 39.91%, 20.18%, 21.58% and 15.77% respectively, which shows very good return performance of fund in the category. The fund has exhibited standard deviation of 14.32, VaR of -15.72, Average Drawdown of -5.83, Semi Deviation of 10.37 and Max Drawdown of -16.59. The category average for the same parameters is 12.71, -14.08, -5.57, 9.01 and -12.33 respectively. The fund has high risk in the category.

Key Points:

  1. An investment of ₹10,000 in Bank Of India Tax Advantage Fund direct growth option would have grown to ₹15508.0 in 1 year, ₹19201.0 in 3 years and ₹38161.0 in 5 years as of today (26-07-2024).
  2. An SIP of ₹1,000 per month in Bank Of India Tax Advantage Fund direct growth option would have grown to ₹15622.0 in 1 year, ₹59557.0 in 3 years and ₹129616.0 in 5 years as of today (26-07-2024).
  3. standard deviation of 14.32 and based on VaR one can expect to lose more than -15.72% of current value of fund in one year.
  4. Sharpe ratio of the fund is 1.14 which shows very good performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.82, Beta of 0.98 and Jensen's Alpha of 4.62% which exhibit good performance in the elss (tax saving) fund category .


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 2.34
3.56
1.50 | 6.29 32 | 35 Poor
3M Return % 9.39
11.56
8.82 | 16.41 33 | 35 Poor
6M Return % 23.44
20.14
15.39 | 27.68 7 | 35 Very Good
1Y Return % 53.49
39.91
24.44 | 56.46 5 | 35 Very Good
3Y Return % 22.95
20.18
11.54 | 28.89 8 | 33 Very Good
5Y Return % 29.31
21.58
15.49 | 35.49 2 | 32 Very Good
7Y Return % 20.22
15.52
11.28 | 24.66 2 | 29 Very Good
10Y Return % 18.55
15.77
13.22 | 24.50 2 | 22 Very Good
15Y Return % 16.12
15.19
12.66 | 17.44 7 | 19 Good
1Y SIP Return % 58.59
48.01
33.64 | 64.79 7 | 35 Very Good
3Y SIP Return % 34.20
28.05
20.20 | 39.75 5 | 33 Very Good
5Y SIP Return % 30.03
24.53
17.21 | 36.79 3 | 32 Very Good
7Y SIP Return % 25.28
20.43
14.42 | 31.24 3 | 29 Very Good
10Y SIP Return % 21.53
17.71
13.37 | 26.65 2 | 22 Very Good
15Y SIP Return % 18.47
16.38
13.80 | 21.58 2 | 20 Very Good
Standard Deviation 14.32
12.71
9.99 | 16.36 31 | 33 Poor
Semi Deviation 10.37
9.01
7.16 | 11.67 32 | 33 Poor
Max Drawdown % -16.59
-12.33
-22.81 | -6.28 30 | 33 Poor
VaR 1 Y % -15.72
-14.08
-20.17 | -11.38 29 | 33 Poor
Average Drawdown % -5.83
-5.57
-11.96 | -2.58 23 | 33 Average
Sharpe Ratio 1.14
0.95
0.28 | 1.59 8 | 33 Very Good
Sterling Ratio 0.93
0.93
0.36 | 1.67 18 | 33 Good
Sortino Ratio 0.60
0.51
0.17 | 0.91 9 | 33 Very Good
Jensen Alpha % 4.62
2.63
-8.40 | 13.97 10 | 33 Good
Treynor Ratio 0.17
0.14
0.04 | 0.23 6 | 33 Very Good
Modigliani Square Measure % 22.70
20.91
10.22 | 30.40 11 | 33 Good
Alpha % 4.26
0.58
-7.65 | 12.32 5 | 33 Very Good
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : April 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 2.43 3.65 1.60 | 6.34 32 | 35
3M Return % 9.68 11.86 9.08 | 16.66 32 | 35
6M Return % 24.09 20.78 16.31 | 28.51 7 | 35
1Y Return % 55.08 41.42 26.33 | 58.34 5 | 35
3Y Return % 24.29 21.54 12.42 | 29.75 7 | 33
5Y Return % 30.71 22.94 16.48 | 37.72 2 | 32
7Y Return % 21.59 16.75 12.31 | 26.32 2 | 29
10Y Return % 20.03 16.76 14.09 | 25.77 2 | 23
1Y SIP Return % 60.27 49.61 35.65 | 65.93 7 | 35
3Y SIP Return % 35.58 29.41 21.08 | 40.65 6 | 33
5Y SIP Return % 31.39 25.87 18.11 | 38.88 3 | 32
7Y SIP Return % 26.58 21.64 15.35 | 33.13 2 | 29
10Y SIP Return % 22.86 18.69 14.35 | 28.13 2 | 23
Standard Deviation 14.32 12.71 9.99 | 16.36 31 | 33
Semi Deviation 10.37 9.01 7.16 | 11.67 32 | 33
Max Drawdown % -16.59 -12.33 -22.81 | -6.28 30 | 33
VaR 1 Y % -15.72 -14.08 -20.17 | -11.38 29 | 33
Average Drawdown % -5.83 -5.57 -11.96 | -2.58 23 | 33
Sharpe Ratio 1.14 0.95 0.28 | 1.59 8 | 33
Sterling Ratio 0.93 0.93 0.36 | 1.67 18 | 33
Sortino Ratio 0.60 0.51 0.17 | 0.91 9 | 33
Jensen Alpha % 4.62 2.63 -8.40 | 13.97 10 | 33
Treynor Ratio 0.17 0.14 0.04 | 0.23 6 | 33
Modigliani Square Measure % 22.70 20.91 10.22 | 30.40 11 | 33
Alpha % 4.26 0.58 -7.65 | 12.32 5 | 33
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : April 30, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 1.55 ₹ 10,155.00 1.55 ₹ 10,155.00
1W 1.06 ₹ 10,106.00 1.07 ₹ 10,107.00
1M 2.34 ₹ 10,234.00 2.43 ₹ 10,243.00
3M 9.39 ₹ 10,939.00 9.68 ₹ 10,968.00
6M 23.44 ₹ 12,344.00 24.09 ₹ 12,409.00
1Y 53.49 ₹ 15,349.00 55.08 ₹ 15,508.00
3Y 22.95 ₹ 18,588.00 24.29 ₹ 19,201.00
5Y 29.31 ₹ 36,149.00 30.71 ₹ 38,161.00
7Y 20.22 ₹ 36,292.00 21.59 ₹ 39,283.00
10Y 18.55 ₹ 54,810.00 20.03 ₹ 62,055.00
15Y 16.12 ₹ 94,073.00 ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 58.59 ₹ 15,527.24 60.27 ₹ 15,622.24
3Y ₹ 36000 34.20 ₹ 58,494.67 35.58 ₹ 59,557.10
5Y ₹ 60000 30.03 ₹ 125,517.72 31.39 ₹ 129,615.60
7Y ₹ 84000 25.28 ₹ 206,635.04 26.58 ₹ 216,317.98
10Y ₹ 120000 21.53 ₹ 374,107.44 22.86 ₹ 401,986.68
15Y ₹ 180000 18.47 ₹ 835,528.32 ₹


Date NAV Regular Growth NAV Direct Growth
26-07-2024 174.13 200.5
25-07-2024 171.47 197.43
24-07-2024 171.69 197.68
23-07-2024 170.13 195.88
22-07-2024 172.3 198.37
19-07-2024 170.71 196.52
18-07-2024 174.28 200.63
16-07-2024 176.68 203.37
15-07-2024 177.91 204.78
12-07-2024 176.24 202.85
11-07-2024 175.66 202.17
10-07-2024 174.99 201.39
09-07-2024 176.19 202.77
08-07-2024 175.82 202.34
05-07-2024 176.2 202.75
04-07-2024 175.07 201.45
03-07-2024 174.24 200.49
02-07-2024 172.71 198.72
01-07-2024 173.39 199.49
28-06-2024 171.86 197.72
27-06-2024 170.57 196.23
26-06-2024 170.15 195.74

Fund Launch Date: 12/Dec/2008
Fund Category: ELSS (Tax Saving) Fund
Investment Objective: The Scheme seeks to generate long-term capital growth from a diversified portfolio ofpredominantly 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.
Fund Description: An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Fund Benchmark: BSE 500 Total Return Index (Total Return Index)
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.