Bank of India ELSS Tax Saver Fund

April 23, 2026

RA Jainee

Bank of India ELSS Tax Saver Fund

Fund at a Glance
NAV Growth (Rs.)	194.24
NAV Bonus (Rs.)	—
NAV IDCW (Rs.)	77.57
Min. Investment (Rs.)	500
Min. SIP Investment (Rs.)	500
Min. No of Cheques	6
Benchmark	BSE 500 TRI
AUM Rs.	1,260 Cr
	(As on 31-Mar-2026)
Expense	0.89%
1 Year Return (%)	9.82
3 Year Return (%)	19.64
5 Year Return (%)	17.39
10 Year Return (%)	17.86
Return Since Launch	17.20%

⚖️ Sahifund Review – Bank of India ELSS Tax Saver Fund ✔

PLUS: Stability, track record, cost efficiency

MINUS: Large AUM, large-cap bias, momentum lag

Sahifund View (Decisive Line):
X

👉 Apply Online | Ask Us MF Queries |

| NFO Guidance |

What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.

Suitable For Which Investors?
ELSS funds are suitable for investors:
1. Seeking tax savings u/s 80C through a diversified equity portfolio
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
• The fund has a lock-in-period of 3 years

Fund’s Investment Strategy:
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.

Fund Manager:

1) Alok Singh
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

Investment Details

Min. Investment (Rs)	500
Min. Addl Investment (Rs)	500
Min. SIP Investment (Rs)	500
Min. Withdrawal (Rs)	500
Min. No of Cheques	6
Min. Balance (Rs)	—
Lock-in Period	3 Years
Exit Load	0

Basic Details of Bank of India ELSS Tax Saver Fund

Fund House	Bank of India Mutual Fund
Launch Date	01-Jan-13
Return Since Launch	17.20%
Benchmark	BSE 500 TRI
Riskometer	Very High
Type	Open-ended
Assets	1,260 Cr
	(As on 31-Mar-2026)
Expense	0.89%
	(As on 31-Mar-2026)
Risk Grade	High
Return Grade	Above Average
Turnover	70.00%

BOI ELSS Tax Saver Fund Returns

Fund name	YTD	1D	1M	3M	6M	1Y	3Y	5Y	7Y	10Y
Bank of India ELSS Tax Saver Fund Dir	3.09	0.55	9.44	7.36	3.24	9.82	19.64	17.39	19.68	17.86
BSE 500 TRI	-3.49	0.77	8.00	0.88	-2.93	5.41	16.51	14.81	14.27	14.54
Equity: ELSS	-2.86	0.83	8.08	1.45	-2.93	5.11	17.50	15.83	15.19	15.10
Rank within category	2	37	6	3	1	5	12	6	2	4
Number of funds in category	40	40	40	40	40	40	37	33	31	28

Peer Comparison of BOI ELSS Tax Saver Fund

	Rating	1 Year Returns	3 Year Returns	5 Year Returns	Expense Ratio (%)	Net Assets (Rs Cr)	Return Since Launch (%)	Exit Load (Days)	Fund Age	Turnover (%)
Bank of India ELSS Tax Saver Fund Dir	2 star	9.82	19.64	17.39	0.89	1,260	17.20	—	13Y 3M	70.00
SBI ELSS Tax Saver Dir	5 star	5.40	23.08	20.21	0.99	28,441	15.70	—	13Y 3M	25.00
DSP ELSS Tax Saver Dir	4 star	3.88	20.77	17.80	0.70	15,044	17.02	—	13Y 3M	34.00
HDFC ELSS Tax Saver Dir	5 star	2.60	20.47	20.11	1.10	14,615	14.54	—	13Y 3M	20.63
Nippon India ELSS Tax Saver Dir	4 star	7.51	19.75	17.31	1.04	13,422	14.15	—	13Y 3M	15.00