Bank of India ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹163.39+0.46%1 day
- Return since launch
- 17.5%
- 52-week range
- ₹146.08 — ₹167.81
- AUM
- ₹1,414 Cr
Bank of India ELSS Tax Saver Fund is a ELSS equity fund from Bank of India Mutual Fund with ₹1,414 Cr under management, launched in 2008. Over three years it has returned 3.8% a year, against 10.4% for its category. The expense ratio is 2.31% and the SEBI riskometer reading is Very High.
Performance
Bank of India ELSS Tax Saver Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.4% against -0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.4% | +3.3 pts | 0.1% | -2.1% |
| 2Y | 2.6% | +1.8 pts | 0.7% | -0.3% |
| 3Y | 3.8% | −6.6 pts | 10.4% | 2.7% |
| 5Y | 10.4% | +0.6 pts | 9.7% | 8.4% |
| 7Y | 14.4% | +1.4 pts | 13.0% | 11.6% |
| 10Y | 15.0% | +2.5 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.9% | +1.6 pts | -3.5% | -3.6% |
| 3M | -0.2% | +0.4 pts | -0.6% | -1.0% |
| 6M | 9.0% | −0.2 pts | 9.2% | 8.2% |
| 1Y | 4.4% | +4.3 pts | 0.1% | -0.8% |
| 2Y | -3.5% | −0.2 pts | -3.3% | -3.9% |
| 3Y | 11.2% | +0.8 pts | 10.4% | 9.2% |
| 5Y | 9.9% | +0.2 pts | 9.7% | 8.7% |
| 7Y | 17.6% | +3.2 pts | 14.4% | 12.5% |
| 10Y | 14.8% | +2.3 pts | 12.5% | 10.9% |
Since launch (12 Dec 2008): 17.5%
Calendar-year returns
Category average31.2%
41.5%
-1.3%
34.8%
21.4%
-3.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -3.5% | −8.0 pts | 4.5% |
| 2024 | 21.4% | +1.1 pts | 20.3% |
| 2023 | 34.8% | +3.0 pts | 31.8% |
| 2022 | -1.3% | −4.7 pts | 3.5% |
| 2021 | 41.5% | +1.6 pts | 39.9% |
| 2020 | 31.2% | +12.5 pts | 18.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.33%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.83%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.44%
- Exit load
- 0%
- Lock-in
- 3 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 TRI
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.89 | 4.67 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.07 | 1.08 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.47 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.67 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.69 | 17.94 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bank of India ELSS Tax Saver Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity84.7%
- Debt3.6%
- Other11.7%
Market cap split
- Large56.2%
- Mid16.9%
- Small26.9%
- P/E
- 23.57
- P/B
- 3.05
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 11.68% | ₹164 Cr | +0.60% | +0.26% | +0.22% |
| State Bank of India | Financial | 5.36% | ₹75.79 Cr | +4.08% | +4.08% | +3.93% |
| ICICI Bank Ltd. | Financial | 4.52% | ₹63.98 Cr | +3.05% | +3.34% | +3.40% |
| Hindustan Aeronautics Ltd. | Capital Goods | 3.73% | ₹52.82 Cr | +3.43% | +2.97% | +3.36% |
| Quality Power Electrical Equipments Ltd. | Capital Goods | 3.29% | ₹46.56 Cr | +2.50% | +2.03% | +1.36% |
| Bharti Airtel Ltd. | Communication | 3.20% | ₹45.30 Cr | +3.11% | +3.19% | +2.80% |
| UNO Minda Ltd. | Automobile | 2.98% | ₹42.16 Cr | +2.64% | +2.01% | +2.55% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 2.84% | ₹40.20 Cr | +1.88% | +1.31% | +1.53% |
| Bank Of Baroda | Financial | 2.78% | ₹39.36 Cr | +3.30% | +2.24% | +2.38% |
| HEG Advanced Materials Ltd. | Capital Goods | 2.73% | ₹38.63 Cr | +2.38% | +2.42% | +1.98% |
| LG Electronics India Ltd. | Consumer Discretionary | 2.60% | ₹36.84 Cr | +2.40% | +2.25% | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 2.54% | ₹35.90 Cr | +2.17% | +1.86% | +2.23% |
| E.I.D. - Parry (India) Ltd. | Consumer Staples | 2.54% | ₹35.97 Cr | — | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 2.52% | ₹35.69 Cr | +2.93% | +2.35% | +1.79% |
| NTPC Ltd. | Energy | 2.41% | ₹34.08 Cr | +2.92% | +2.63% | +2.31% |
| Canara Bank | Financial | 2.18% | ₹30.90 Cr | +2.74% | +0.46% | +0.92% |
| HDFC Bank Ltd. | Financial | 2.16% | ₹30.49 Cr | +2.86% | +3.27% | +3.07% |
| Indian Bank | Financial | 2.16% | ₹30.56 Cr | +2.05% | +2.08% | +1.65% |
| Coromandel International Ltd. | Chemicals | 2.12% | ₹29.92 Cr | +1.99% | +2.52% | +2.68% |
| Reliance Industries Ltd. | Energy | 2.03% | ₹28.73 Cr | +2.15% | +2.27% | +1.36% |
| Acutaas Chemicals Ltd. | Healthcare | 1.85% | ₹26.23 Cr | +3.24% | +2.34% | +2.96% |
| Mahindra & Mahindra Ltd. | Automobile | 1.83% | ₹25.93 Cr | +1.48% | — | — |
| Inox India Ltd. | Metals & Mining | 1.72% | ₹24.33 Cr | +1.39% | +1.08% | +1.06% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.71% | ₹24.24 Cr | +2.06% | +2.04% | — |
| Bharat Electronics Ltd. | Capital Goods | 1.70% | ₹24.01 Cr | +1.72% | +1.86% | +1.58% |
| Tata Motors Ltd. | Automobile | 1.63% | ₹23.08 Cr | +1.50% | +1.87% | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.40% | ₹19.77 Cr | +1.38% | +1.08% | — |
| SBI Life Insurance Company Ltd. | Insurance | 1.35% | ₹19.15 Cr | +1.46% | +1.40% | +1.19% |
| Swan Corp Ltd. | Construction | 1.35% | ₹19.06 Cr | +1.55% | +1.80% | +2.13% |
| K.P.R. Mill Ltd. | Textiles | 1.28% | ₹18.14 Cr | +1.08% | +1.00% | +1.12% |
| ICICI Prudential Asset Management Company Ltd. | Financial | 1.16% | ₹16.34 Cr | +1.26% | +1.10% | — |
| Hindustan Copper Ltd. | Metals & Mining | 1.08% | ₹15.30 Cr | — | — | — |
| Titagarh Rail Systems Ltd. | Automobile | 1.07% | ₹15.13 Cr | +1.11% | +0.76% | +0.73% |
| Bharat Forge Ltd. | Automobile | 1.04% | ₹14.73 Cr | +1.56% | +1.31% | +1.12% |
| Britannia Industries Ltd. | Consumer Staples | 1.04% | ₹14.70 Cr | +1.06% | +1.21% | — |
| Max Financial Services Ltd. | Financial | 1.03% | ₹14.58 Cr | +1.09% | +1.02% | — |
| Ultratech Cement Ltd. | Materials | 1.01% | ₹14.31 Cr | — | — | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.95% | ₹13.49 Cr | +2.31% | — | — |
| Triveni Engineering & Industries Ltd. | Consumer Staples | 0.93% | ₹13.21 Cr | +1.22% | +1.27% | +1.16% |
| ITC Ltd. | Consumer Staples | 0.90% | ₹12.78 Cr | +1.63% | +3.04% | +3.39% |
| Tata Power Company Ltd. | Energy | 0.88% | ₹12.49 Cr | +1.10% | +0.98% | +1.85% |
| Siemens Energy India Ltd. | Energy | 0.84% | ₹11.95 Cr | +1.35% | +1.02% | +2.04% |
| Zaggle Prepaid Ocean Services Ltd. | Technology | 0.73% | ₹10.33 Cr | +0.85% | +0.92% | +1.62% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.63% | ₹8.90 Cr | +0.59% | — | — |
| Larsen & Toubro Ltd. | Construction | 0.60% | ₹8.49 Cr | — | — | — |
| Triveni Power Transmission Ltd. | Capital Goods | 0.57% | ₹8.11 Cr | — | — | — |
| Siemens Ltd. | Capital Goods | 0.51% | ₹7.25 Cr | +1.17% | +0.49% | +1.13% |
| Vedanta Ltd. | Metals & Mining | 0.39% | ₹5.56 Cr | +2.17% | +1.25% | +4.38% |
| LEAP India Ltd. | Services | 0.38% | ₹5.34 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 0.35% | ₹4.90 Cr | +1.53% | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.31% | ₹4.43 Cr | +0.60% | +0.19% | +0.41% |
| Prudent Corporate Advisory Services Ltd. | Financial | 0.31% | ₹4.41 Cr | +1.70% | +1.40% | +2.74% |
| Varun Beverages Ltd. | Consumer Staples | 0.28% | ₹4.00 Cr | +0.38% | +0.33% | +0.97% |
| Interglobe Aviation Ltd. | Services | 0.24% | ₹3.40 Cr | +0.21% | +0.03% | +1.75% |
| Aditya Infotech Ltd. | Communication | 0.13% | ₹1.89 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 0.13% | ₹1.84 Cr | +2.11% | +0.67% | +1.95% |
| DLF Ltd. | Construction | 0.12% | ₹1.73 Cr | +0.11% | +0.11% | +1.33% |
| Reserve Bank of India | Financial | 0.12% | ₹1.72 Cr | +0.12% | +2.15% | +0.01% |
| Advanced Enzyme Technologies Ltd. | Chemicals | 0.08% | ₹1.14 Cr | +0.10% | +0.08% | +0.67% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Power Finance Corporation Ltd. | 2.69% | 0.00% | -2.69% |
| E.I.D. - Parry (India) Ltd. | 0.00% | 2.54% | +2.54% |
| Prudent Corporate Advisory Services Ltd. | 2.03% | 0.31% | -1.72% |
| Hindustan Copper Ltd. | 0.00% | 1.08% | +1.08% |
| company:5655 | 0.89% | 0.00% | -0.89% |
| Bharat Forge Ltd. | 1.73% | 1.04% | -0.69% |
| Quality Power Electrical Equipments Ltd. | 2.63% | 3.29% | +0.66% |
| Others | 0.75% | 0.12% | -0.63% |
| Siemens Ltd. | 1.13% | 0.51% | -0.62% |
| Larsen & Toubro Ltd. | 0.00% | 0.60% | +0.60% |
| Balrampur Chini Mills Ltd. | 2.37% | 2.84% | +0.47% |
| Acutaas Chemicals Ltd. | 2.30% | 1.85% | -0.45% |
| LEAP India Ltd. | 0.00% | 0.38% | +0.38% |
| Small Industries Devp. Bank of India Ltd. | 1.04% | 0.68% | -0.36% |
| LG Electronics India Ltd. | 2.32% | 2.60% | +0.28% |
| Tata Steel Ltd. | 0.41% | 0.13% | -0.28% |
| Siemens Energy India Ltd. | 1.11% | 0.84% | -0.27% |
| HEG Advanced Materials Ltd. | 2.50% | 2.73% | +0.23% |
| Triveni Engineering & Industries Ltd. | 0.71% | 0.93% | +0.22% |
| Coromandel International Ltd. | 2.33% | 2.12% | -0.21% |
| Adani Ports and Special Economic Zone Ltd. | 2.72% | 2.52% | -0.20% |
| UNO Minda Ltd. | 2.80% | 2.98% | +0.18% |
| NTPC Ltd. | 2.59% | 2.41% | -0.18% |
| HDFC Bank Ltd. | 2.31% | 2.16% | -0.15% |
| Aditya Infotech Ltd. | 0.00% | 0.13% | +0.13% |
| SBI Life Insurance Company Ltd. | 1.48% | 1.35% | -0.13% |
| Indian Bank | 2.04% | 2.16% | +0.12% |
| K.P.R. Mill Ltd. | 1.16% | 1.28% | +0.12% |
| Bharti Airtel Ltd. | 3.32% | 3.20% | -0.12% |
| ITC Ltd. | 1.01% | 0.90% | -0.11% |
| State Bank of India | 5.26% | 5.36% | +0.10% |
| Tata Power Company Ltd. | 0.98% | 0.88% | -0.10% |
| CMS Info Systems Ltd. | 0.09% | 0.00% | -0.09% |
| Zaggle Prepaid Ocean Services Ltd. | 0.82% | 0.73% | -0.09% |
| Bharat Electronics Ltd. | 1.61% | 1.70% | +0.09% |
| Mahindra & Mahindra Ltd. | 1.92% | 1.83% | -0.09% |
| Reliance Industries Ltd. | 2.11% | 2.03% | -0.08% |
| Tata Motors Ltd. | 1.71% | 1.63% | -0.08% |
| Swan Corp Ltd. | 1.43% | 1.35% | -0.08% |
| Hindustan Aeronautics Ltd. | 3.66% | 3.73% | +0.07% |
| ICICI Prudential Asset Management Company Ltd. | 1.09% | 1.16% | +0.07% |
| Bank Of Baroda | 1.97% | 1.91% | -0.06% |
| Ultratech Cement Ltd. | 1.07% | 1.01% | -0.06% |
| Vedanta Aluminium Metal Ltd. | 1.01% | 0.95% | -0.06% |
| Britannia Industries Ltd. | 1.09% | 1.04% | -0.05% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.35% | 1.40% | +0.05% |
| Varun Beverages Ltd. | 0.32% | 0.28% | -0.04% |
| Inox India Ltd. | 1.75% | 1.72% | -0.03% |
| Max Financial Services Ltd. | 1.00% | 1.03% | +0.03% |
| Bharat Heavy Electricals Ltd. | 0.29% | 0.31% | +0.02% |
| Dr. Reddy's Laboratories Ltd. | 2.56% | 2.54% | -0.02% |
| Titagarh Rail Systems Ltd. | 1.09% | 1.07% | -0.02% |
| ICICI Bank Ltd. | 4.53% | 4.52% | -0.01% |
| Apollo Hospitals Enterprise Ltd. | 0.64% | 0.63% | -0.01% |
| Triveni Power Transmission Ltd. | 0.58% | 0.57% | -0.01% |
| Vedanta Ltd. | 0.38% | 0.39% | +0.01% |
| Advanced Enzyme Technologies Ltd. | 0.09% | 0.08% | -0.01% |
| JSW Steel Ltd. | 0.34% | 0.35% | +0.01% |
| Canara Bank | 1.30% | 1.30% | 0.00% |
| DLF Ltd. | 0.12% | 0.12% | 0.00% |
| Interglobe Aviation Ltd. | 0.24% | 0.24% | 0.00% |
| Reserve Bank of India | 0.12% | 0.12% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,116 Cr | 2.39% | 10.2% | 9.0% | 14.7% |
 Motilal Oswal ELSS Tax Saver Fund | ₹5,134 Cr | 2.09% | 16.6% | 12.5% | 18.1% |
 HSBC ELSS Tax saver Fund | ₹4,229 Cr | 2.00% | 7.2% | 8.5% | 13.3% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹507 Cr | 2.59% | 4.3% | 7.3% | — |
 ITI ELSS Tax Saver Fund | ₹463 Cr | 2.57% | 8.9% | 7.3% | 13.1% |
 JM ELSS - Tax Saver Fund | ₹248 Cr | 2.69% | 13.8% | 9.4% | 14.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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 managers
- Alok SinghMr. Singh is a CFA and PGDBA from ICFAI Business School.Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months9.04% absolute | ₹60,000 | ₹65,424 | 9.04% | |
| 1 year4.44% annualised | ₹1,20,000 | ₹1,22,926 | 2.44% | |
| 3 years11.19% annualised | ₹3,60,000 | ₹4,29,431 | 19.29% | |
| 5 years9.92% annualised | ₹6,00,000 | ₹7,79,124 | 29.85% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Bank of India ELSS Tax Saver Fund?
The NAV of Bank of India ELSS Tax Saver Fund is ₹163.39 as on 25 Sep 2026.
What is the expense ratio of Bank of India ELSS Tax Saver Fund?
The expense ratio of Bank of India ELSS Tax Saver Fund is 2.31% per year.
What is the minimum SIP amount for Bank of India ELSS Tax Saver Fund?
You can start a SIP in Bank of India ELSS Tax Saver Fund with ₹3,000 a month.
What returns has Bank of India ELSS Tax Saver Fund given?
Bank of India ELSS Tax Saver Fund has returned 3.4% over 1 year, 3.8% over 3 years and 10.4% over 5 years (annualised).
Is there a lock-in or exit load on Bank of India ELSS Tax Saver Fund?
Lock-in: 3 years. Exit load: 0%.
How risky is Bank of India ELSS Tax Saver Fund?
Bank of India ELSS Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages Bank of India ELSS Tax Saver Fund?
Bank of India ELSS Tax Saver Fund is managed by Bank of India Mutual Fund, which runs 23 schemes with ₹15,446 Cr under management.