BANK OF INDIA ELSS TAX SAVER FUND - Direct Plan - IDCW
Bank of India Mutual Fund
BANK OF INDIA ELSS TAX SAVER FUND - Direct Plan - IDCW
Bank of India Mutual Fund · Direct · 10+ years of NAV data
About ELSS Tax-Saving Mutual Funds
Equity Linked Savings Schemes (ELSS) are the only mutual fund category that qualifies for a tax deduction under Section 80C of the Income Tax Act. Investments up to ₹1.5 lakh per year in ELSS funds reduce your taxable income under the old regime, making the effective post-tax cost of investment lower than in any other equity product. The statutory lock-in period is 3 years — the shortest lock-in among all 80C instruments (PPF is 15 years, NSC is 5 years). ELSS funds invest primarily in equities and are subject to the same market risk as other equity funds. Gains above ₹1.25 lakh per year are taxed as long-term capital gains (LTCG) at 12.5% — not tax-free, despite common misconception. The right way to think about ELSS is: equity fund first, tax benefit second. Never allocate to an ELSS purely for the deduction if you wouldn't otherwise want equity exposure in your portfolio.
Risk profile: This fund is classified as VeryHigh risk under SEBI's riskometer. Standard deviation: 16.95%. Maximum drawdown: 34.89%. Past performance is not indicative of future results. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing.
Analysis dimensions
Computed live from this fund's NAV history and factsheet. Dimensions without ingested data show “Coming soon”.
Post-tax returns
CAGR and SIP returns recomputed after LTCG, STCG and indexation. See your real, after-tax outcome — with the tax-drag % shown.
Factor exposure radar
Size, value, momentum, quality and low-vol loadings versus benchmark — a multi-factor view, not just a style box.
Drawdown & recovery time
Underwater curve with depth, duration and months-to-recover for every drawdown. Know how long a fund takes to climb back.
Expense-drag compounding
Your TER versus the category median, compounded over 10 and 20 years. See the ₹ you lose to fees.
Style drift over time
Track a fund's style position month by month across years, with a drift score. A fund that changed character is a different fund.
Concentration & overlap
Herfindahl index and effective N across the top-10 holdings, top-10 weight, and cross-fund overlap — so you never double up unknowingly.
Tracking error analytics
Tracking difference, tracking error and roll-return drag for every index fund and ETF — the analytics the index boom deserves.
Manager tenure vs fund age
Scatter of manager tenure against fund age, plus a manager-change timeline. Recent churn is a risk no static stat shows.
Holdings-quality score
Aggregate portfolio P/E, P/B, ROE, debt quality and turnover into one quality score with a peer percentile.
Complete risk-return bundle
Downside capture, upside capture, Sortino, Calmar and information ratio in one view — not just Sharpe and standard deviation.
Cycle-decomposed ranking
Risk-adjusted rank within category split into bull, bear and range regimes. Consistency across regimes, not one snapshot.
Governance & behavioral flags
Exit-load structure, side-pocketing history, expense-ratio changes and AMC regulatory actions — the red flags others omit.
NAV Growth
Key Information
- Scheme Code
- 119352
- Fund House
- Bank of India Mutual Fund
- Scheme Type
- Direct
- Scheme Category
- ELSS
- NAV History Earliest
- 2016-06-08
- NAV History Points
- 2555