How to Invest in Bank of India Tax Advantage Direct Growth?

You can easily invest in Bank of India Tax Advantage Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Bank of India Tax Advantage Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Bank of India Tax Advantage Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Bank of India Tax Advantage Direct Growth provide?

The Bank of India Tax Advantage Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 24.50% since its inception.

How much expense ratio is charged by Bank of India Tax Advantage Direct Growth?

The term Expense Ratio used for Bank of India Tax Advantage Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Bank of India Tax Advantage Direct Growth is 1.25% as of 04 Dec 2023...

What is the AUM of Bank of India Tax Advantage Direct Growth?

The AUM, short for Assets Under Management of Bank of India Tax Advantage Direct Growth is ₹860.31Cr as of 04 Dec 2023.

How to Redeem Bank of India Tax Advantage Direct Growth?

If you want to sell your Bank of India Tax Advantage Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Bank of India Tax Advantage Direct Growth?

You can select either SIP or Lumpsum investment of Bank of India Tax Advantage Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Bank of India Tax Advantage Direct Growth?

The NAV of Bank of India Tax Advantage Direct Growth is ₹146.78 as of 01 Dec 2023.

What is the PE and PB ratio of Bank of India Tax Advantage Direct Growth?

The PE ratio ratio of Bank of India Tax Advantage Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Bank of India Tax Advantage Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Bank of India Tax Advantage Direct Growth
Equity
ELSS
Very High Risk
3Y Lock In
44%
3Y annualised
+1.40% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 01 Dec 2023₹146.78
Min. SIP amount₹500
Rating4
Fund size₹860.31Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns24.5%24.4%23.1%18.3%
Category average16.9%19.9%15.6%NA
Rank with in category462NA
Understand terms
Holdings (61)NameSectorInstrumentAssets
State Bank of India
FinancialEquity5.1%
Canara Bank
FinancialEquity4.0%
Power Finance Corporation Ltd.
FinancialEquity4.0%
Bank Of Baroda
FinancialEquity3.8%
HDFC Bank Ltd.
FinancialEquity3.5%
NTPC Ltd.
EnergyEquity3.5%
Union Bank of India
FinancialEquity3.2%
Sun Pharmaceutical Industries Ltd.
HealthcareEquity2.8%
REC Ltd.
FinancialEquity2.7%
Larsen & Toubro Ltd.
ConstructionEquity2.7%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity ELSS
Pros
Cons
Consistently higher annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Lock-in period: 3Y
Higher alpha: 3.23
The fund has generated returns higher than benchmark - S&P BSE 500 Total Return Index - in the last 3Y 
Exit load is zero
Lower expense ratio: 1.25%
1Y category rank: 4
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
Nov 2023 - Present
25%
Nov 2023 - 23 Nov 2023
25%
Nov 2023 - 22 Nov 2023
25%
Nov 2023 - 21 Nov 2023
25%
Nov 2023 - 20 Nov 2023
25%
Nov 2023 - 19 Nov 2023
25%
Nov 2023 - 18 Nov 2023
25%
Nov 2023 - 17 Nov 2023
25%
Nov 2023 - 16 Nov 2023
26%
Nov 2023 - 15 Nov 2023
26%
Nov 2023 - 14 Nov 2023
26%
Nov 2023 - 13 Nov 2023
26%
Nov 2023 - 12 Nov 2023
26%
Nov 2023 - 11 Nov 2023
26%
Nov 2023 - 10 Nov 2023
27%
Nov 2023 - 09 Nov 2023
28%
Nov 2023 - 08 Nov 2023
28%
Nov 2023 - 07 Nov 2023
28%
Nov 2023 - 06 Nov 2023
28%
Nov 2023 - 05 Nov 2023
28%
Nov 2023 - 04 Nov 2023
28%
Nov 2023 - 03 Nov 2023
28%
Nov 2023 - 02 Nov 2023
28%
Oct 2023 - 01 Nov 2023
28%
Oct 2023 - 31 Oct 2023
28%
Oct 2023 - 30 Oct 2023
28%
Oct 2023 - 29 Oct 2023
28%
Oct 2023 - 28 Oct 2023
28%
Oct 2023 - 27 Oct 2023
28%
Oct 2023 - 26 Oct 2023
28%
Oct 2023 - 25 Oct 2023
28%
Oct 2023 - 24 Oct 2023
28%
Oct 2023 - 23 Oct 2023
28%
Oct 2023 - 22 Oct 2023
28%
Oct 2023 - 21 Oct 2023
28%
Oct 2023 - 20 Oct 2023
28%
Oct 2023 - 19 Oct 2023
28%
Oct 2023 - 18 Oct 2023
28%
Oct 2023 - 17 Oct 2023
28%
Oct 2023 - 16 Oct 2023
28%
Oct 2023 - 15 Oct 2023
28%
Oct 2023 - 14 Oct 2023
28%
Oct 2023 - 13 Oct 2023
28%
Oct 2023 - 12 Oct 2023
22%
Oct 2023 - 11 Oct 2023
22%
Oct 2023 - 10 Oct 2023
22%
Oct 2023 - 09 Oct 2023
22%
Oct 2023 - 08 Oct 2023
22%
Oct 2023 - 07 Oct 2023
22%
Oct 2023 - 06 Oct 2023
22%
Oct 2023 - 05 Oct 2023
22%
Oct 2023 - 04 Oct 2023
22%
Oct 2023 - 03 Oct 2023
22%
Oct 2023 - 02 Oct 2023
22%
Sep 2023 - 01 Oct 2023
22%
Sep 2023 - 30 Sep 2023
22%
Sep 2023 - 29 Sep 2023
22%
Sep 2023 - 28 Sep 2023
22%
Sep 2023 - 27 Sep 2023
22%
Sep 2023 - 26 Sep 2023
22%
Sep 2023 - 25 Sep 2023
22%
Sep 2023 - 24 Sep 2023
22%
Sep 2023 - 23 Sep 2023
22%
Sep 2023 - 22 Sep 2023
22%
Sep 2023 - 21 Sep 2023
22%
Sep 2023 - 20 Sep 2023
22%
Sep 2023 - 19 Sep 2023
22%
Sep 2023 - 18 Sep 2023
22%
Sep 2023 - 17 Sep 2023
22%
Sep 2023 - 16 Sep 2023
22%
Sep 2023 - 15 Sep 2023
22%
Sep 2023 - 14 Sep 2023
22%
Sep 2023 - 13 Sep 2023
22%
Sep 2023 - 12 Sep 2023
22%
Sep 2023 - 11 Sep 2023
22%
Sep 2023 - 10 Sep 2023
22%
Sep 2023 - 09 Sep 2023
22%
Sep 2023 - 08 Sep 2023
23%
Sep 2023 - 07 Sep 2023
23%
Sep 2023 - 06 Sep 2023
23%
Sep 2023 - 05 Sep 2023
23%
Sep 2023 - 04 Sep 2023
23%
Sep 2023 - 03 Sep 2023
23%
Sep 2023 - 02 Sep 2023
23%
Aug 2023 - 01 Sep 2023
24%
Jul 2023 - 31 Aug 2023
24%
Jun 2023 - 31 Jul 2023
26%
May 2023 - 30 Jun 2023
28%
Apr 2023 - 31 May 2023
29%
Mar 2023 - 30 Apr 2023
31%
Feb 2023 - 31 Mar 2023
31%
Jan 2023 - 28 Feb 2023
16%
Dec 2022 - 31 Jan 2023
16%
Dec 2022 - 31 Dec 2022
16%
Dec 2022 - 31 Dec 2022
16%
Nov 2022 - 31 Dec 2022
17%
Nov 2022 - 30 Nov 2022
17%
Nov 2022 - 30 Nov 2022
17%
Oct 2022 - 30 Nov 2022
29%
Oct 2022 - 31 Oct 2022
29%
Oct 2022 - 31 Oct 2022
29%
Oct 2022 - 31 Oct 2022
29%
Sep 2022 - 31 Oct 2022
29%
Sep 2022 - 30 Sep 2022
29%
Sep 2022 - 30 Sep 2022
29%
Aug 2022 - 30 Sep 2022
29%
Aug 2022 - 31 Aug 2022
29%
Jul 2022 - 31 Aug 2022
37%
Jul 2022 - 31 Jul 2022
37%
Jul 2022 - 31 Jul 2022
37%
Jun 2022 - 31 Jul 2022
34%
Jun 2022 - 30 Jun 2022
34%
May 2022 - 30 Jun 2022
34%
May 2022 - 31 May 2022
34%
Apr 2022 - 31 May 2022
34%
Apr 2022 - 30 Apr 2022
34%
Mar 2022 - 30 Apr 2022
28%
Mar 2022 - 31 Mar 2022
28%
Feb 2022 - 31 Mar 2022
35%
Feb 2022 - 28 Feb 2022
35%
Jan 2022 - 28 Feb 2022
52%
Dec 2021 - 31 Jan 2022
57%
Nov 2021 - 31 Dec 2021
57%
Oct 2021 - 30 Nov 2021
54%
Sep 2021 - 31 Oct 2021
65%
Aug 2021 - 30 Sep 2021
66%
Jul 2021 - 31 Aug 2021
67%
Jun 2021 - 31 Jul 2021
67%
May 2021 - 30 Jun 2021
67%
Apr 2021 - 31 May 2021
51%
Mar 2021 - 30 Apr 2021
22%
Feb 2021 - 31 Mar 2021
51%
Jan 2021 - 28 Feb 2021
51%
Dec 2020 - 31 Jan 2021
51%
Nov 2020 - 31 Dec 2020
51%
Oct 2020 - 30 Nov 2020
51%
Sep 2020 - 31 Oct 2020
33%
Aug 2020 - 30 Sep 2020
51%
Jul 2020 - 31 Aug 2020
51%
Jun 2020 - 31 Jul 2020
51%
May 2020 - 30 Jun 2020
51%
Apr 2020 - 31 May 2020
51%
Mar 2020 - 30 Apr 2020
51%
Feb 2020 - 31 Mar 2020
51%
Jan 2020 - 29 Feb 2020
51%
Dec 2019 - 31 Jan 2020
51%
Nov 2019 - 31 Dec 2019
51%
Oct 2019 - 30 Nov 2019
51%
Sep 2019 - 31 Oct 2019
51%
Aug 2019 - 30 Sep 2019
51%
Jul 2019 - 31 Aug 2019
51%
Jun 2019 - 31 Jul 2019
51%
May 2019 - 30 Jun 2019
51%
Apr 2019 - 31 May 2019
51%
Mar 2019 - 30 Apr 2019
65%
Feb 2019 - 31 Mar 2019
66%
Jan 2019 - 28 Feb 2019
66%
Dec 2018 - 31 Jan 2019
65%
Nov 2018 - 31 Dec 2018
66%
Oct 2018 - 30 Nov 2018
67%
Sep 2018 - 31 Oct 2018
94%
Aug 2018 - 30 Sep 2018
92%
Jul 2018 - 31 Aug 2018
92%
Jun 2018 - 31 Jul 2018
65%
May 2018 - 30 Jun 2018
65%
Apr 2018 - 31 May 2018
65%
Mar 2018 - 30 Apr 2018
65%
Feb 2018 - 31 Mar 2018
67%
Jan 2018 - 28 Feb 2018
82%
Dec 2017 - 31 Jan 2018
79%
Nov 2017 - 31 Dec 2017
78%
Oct 2017 - 30 Nov 2017
79%
Expense ratio, exit load and taxExpense ratio: 1.25%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementAlok Singh
Apr 2022 - Present
View details
Education
Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience
Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
Also manages these schemes
Bank of India Large & Mid Cap Equity Fund Direct Growth
Bank of India Tax Advantage Direct Growth
Bank of India Manufacturing & Infrastructure Direct Growth
Bank of India Liquid Fund Direct Growth
Bank of India Ultra Short Duration Fund Direct Growth
Bank of India Short Term Income Fund Direct Growth
Bank of India Conservative Hybrid Fund Direct Growth
Bank of India Ultra Short Duration Fund Direct Bonus
Bank of India Balanced Advantage Fund Direct Growth
Bank of India Credit Risk Fund Direct Growth
Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth
Bank of India Arbitrage Fund Direct Growth
Bank of India Overnight Fund Direct Growth
Bank of India Flexi Cap Fund Direct Growth
Bank of India Bluechip Fund Direct Growth
Fund house & investment objective
BOI AXA Mutual Fund
Rank (total assets)#31 in India
Total AUM₹2,797.53Cr
Date of Incorporation31 Mar 2008
 Bank of India Tax Advantage Direct Growth is a Equity Mutual Fund Scheme launched by Bank of India Mutual Fund. This scheme was made available to investors on 31 Mar 2008. Saurabh Kataria is the Current Fund Manager of Bank of India Tax Advantage Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,798 Cr and the Latest NAV as of 01 Dec 2023 is ₹146.78.
The Bank of India Tax Advantage Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
;
Investment ObjectiveThe 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.
;
Fund benchmarkS&P BSE 500 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
B/204-Tower 1,Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Phone
NA
Launch Date
Mar 2008
E-mail
[email protected]
Website
www.boiaxamf.com
BOI AXA Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Bank of India Tax Advantage Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	24.5%	24.4%	23.1%	18.3%
Category average	16.9%	19.9%	15.6%	NA
Rank with in category	4	6	2	NA

Name	Sector	Instrument	Assets
State Bank of India	Financial	Equity	5.1%
Canara Bank	Financial	Equity	4.0%
Power Finance Corporation Ltd.	Financial	Equity	4.0%
Bank Of Baroda	Financial	Equity	3.8%
HDFC Bank Ltd.	Financial	Equity	3.5%
NTPC Ltd.	Energy	Equity	3.5%
Union Bank of India	Financial	Equity	3.2%
Sun Pharmaceutical Industries Ltd.	Healthcare	Equity	2.8%
REC Ltd.	Financial	Equity	2.7%
Larsen & Toubro Ltd.	Construction	Equity	2.7%

Rank (total assets)	#31 in India
Total AUM	₹2,797.53Cr

Date of Incorporation	31 Mar 2008

Fund benchmark	S&P BSE 500 Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	4
Fund size	₹860.31Cr

Bank of India Tax Advantage Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (61)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.25%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Alok SinghApr 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Alok Singh
Apr 2022 - Present
View details