Bank of India ELSS Tax Saver Fund
The scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection.
Growthvine rating: 3/5 — ranked #28 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹167.44 (as of 2026-08-21) |
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| AUM | ₹1,406 Cr |
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| Expense ratio | 1.83% |
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| Riskometer | Very High |
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| Fund manager | Alok Singh |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 11.55% |
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| Sharpe ratio | 0.43 |
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| Standard deviation | 17.71% |
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| Max drawdown | -31.77% |
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| Alpha | 0.38 |
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| Beta | 1.07 |
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Over 5 years, captured 103.4% of Nifty 500's upside and 108.6% of its downside.
Market cap allocation
| Large cap | 59.6% |
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| Mid cap | 16.1% |
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| Small cap | 24.3% |
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Concentration
| Top 5 holdings | 19.6% |
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| Top 10 holdings | 32.8% |
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| Total holdings | 53 |
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| Index overlap | 28.2% |
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| Active share | 71.8% |
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Top holdings
- TREPS — 10.2%
- State Bank Of India — 5.3%
- ICICI Bank Ltd. — 4.5%
- Hindustan Aeronautics Limited — 3.7%
- Bharti Airtel Ltd. — 3.3%
- UNO Minda Limited — 2.8%
- Adani Ports and Special Economic Zone Ltd — 2.7%
- Power Finance Corporation Ltd — 2.7%
- QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED — 2.6%
- NTPC Limited — 2.6%
Top sectors
- Banking & Financial — 20.5%
- Automobile — 7.8%
- Industrial Products — 6.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 4.1% | Q2 | #14 of 52 |
| 2025 | -3.5% | Q4 (Bottom) | #47 of 51 |
| 2024 | 21.6% | Q2 | #17 of 51 |
| 2023 | 34.8% | Q1 (Top) | #12 of 48 |
| 2022 | -1.3% | Q4 (Bottom) | #36 of 43 |