Bank of India ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹167.19+1.11%1 day
- Return since launch
- 17.4%
- 52-week range
- ₹146.08 — ₹167.81
- AUM
- ₹1,324 Cr
Bank of India ELSS Tax Saver Fund is a ELSS equity fund from Bank of India Mutual Fund with ₹1,324 Cr under management, launched in 2008. Over three years it has returned 4.4% a year, against 11.4% for its category. The expense ratio is 2.33% 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 +3.0% against 0.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.8% | +7.3 pts | 0.6% | 6.0% |
| 2Y | 5.2% | +0.9 pts | 4.3% | 3.9% |
| 3Y | 4.4% | −7.0 pts | 11.4% | 4.6% |
| 5Y | 10.5% | +0.8 pts | 9.8% | 9.3% |
| 7Y | 14.2% | +0.9 pts | 13.3% | 12.1% |
| 10Y | 15.0% | +2.0 pts | 12.9% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.6% | −1.1 pts | 6.7% | 7.5% |
| 3M | 0.3% | +0.8 pts | -0.5% | -0.5% |
| 6M | 3.0% | −1.6 pts | 4.6% | 4.7% |
| 1Y | 3.6% | +3.0 pts | 0.6% | 0.3% |
| 2Y | 0.0% | −1.9 pts | 1.9% | 1.4% |
| 3Y | 11.6% | +0.1 pts | 11.4% | 10.7% |
| 5Y | 10.0% | +0.2 pts | 9.8% | 8.8% |
| 7Y | 17.4% | +2.9 pts | 14.6% | 12.7% |
| 10Y | 15.3% | +2.4 pts | 12.9% | 11.5% |
Since launch (12 Dec 2008): 17.4%
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
2.34%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.83%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.45%
- 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 | 0.75 | 4.34 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.04 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.35 | 0.55 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.51 | 0.76 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.63 | 17.53 | 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 30 Sep 2026
Asset allocation
- Equity88.0%
- Debt2.8%
- Other9.2%
Market cap split
- Large59.6%
- Mid16.6%
- Small23.8%
- P/E
- 22.14
- P/B
- 2.95
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 9.15% | ₹125 Cr | +0.90% | +7.16% | -0.22% |
| State Bank of India | Financial | 5.02% | ₹68.60 Cr | +4.67% | +4.29% | +4.21% |
| ICICI Bank Ltd. | Financial | 4.26% | ₹58.15 Cr | +3.81% | +3.21% | +3.24% |
| Hindustan Aeronautics Ltd. | Capital Goods | 3.76% | ₹51.35 Cr | +3.43% | +3.16% | +3.63% |
| Bharti Airtel Ltd. | Communication | 3.21% | ₹43.93 Cr | +3.10% | +3.33% | +3.21% |
| Bank Of Baroda | Financial | 3.19% | ₹43.59 Cr | +3.30% | +3.34% | +3.64% |
| Quality Power Electrical Equipments Ltd. | Capital Goods | 3.15% | ₹43.11 Cr | +2.82% | +2.07% | +2.52% |
| Adani Ports and Special Economic Zone Ltd. | Services | 2.95% | ₹40.28 Cr | +2.88% | +2.23% | +2.18% |
| UNO Minda Ltd. | Automobile | 2.83% | ₹38.66 Cr | +2.56% | +2.71% | +2.55% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 2.81% | ₹38.42 Cr | +1.99% | +1.99% | +1.28% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 2.81% | ₹38.35 Cr | +2.51% | +1.99% | +2.14% |
| LG Electronics India Ltd. | Consumer Discretionary | 2.74% | ₹37.40 Cr | +2.40% | +2.48% | — |
| NTPC Ltd. | Energy | 2.46% | ₹33.60 Cr | +2.64% | +3.06% | +2.37% |
| E.I.D. - Parry (India) Ltd. | Consumer Staples | 2.26% | ₹30.87 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 2.23% | ₹30.47 Cr | +3.48% | +2.96% | +3.03% |
| Larsen & Toubro Ltd. | Construction | 2.23% | ₹30.46 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 2.02% | ₹27.60 Cr | +2.24% | +2.38% | +2.57% |
| Indian Bank | Financial | 2.01% | ₹27.40 Cr | +1.97% | +2.28% | +1.87% |
| Acutaas Chemicals Ltd. | Healthcare | 1.99% | ₹27.22 Cr | +3.58% | +2.90% | +2.74% |
| Reliance Industries Ltd. | Energy | 1.95% | ₹26.71 Cr | +2.07% | +2.40% | +1.35% |
| ICICI Prudential Asset Management Company Ltd. | Financial | 1.85% | ₹25.30 Cr | +1.16% | +1.09% | — |
| HEG Graphite Ltd. | Capital Goods | 1.82% | ₹24.82 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.78% | ₹24.37 Cr | +2.04% | +2.24% | — |
| Aditya Infotech Ltd. | Communication | 1.72% | ₹23.52 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.71% | ₹23.31 Cr | +1.46% | +1.30% | — |
| Bharat Electronics Ltd. | Capital Goods | 1.65% | ₹22.50 Cr | +1.70% | +1.84% | +1.70% |
| Tata Motors Ltd. | Automobile | 1.51% | ₹20.66 Cr | +1.64% | +1.93% | — |
| SBI Life Insurance Company Ltd. | Insurance | 1.37% | ₹18.66 Cr | +1.38% | +1.55% | +0.90% |
| Inox India Ltd. | Metals & Mining | 1.35% | ₹18.47 Cr | +1.78% | +1.19% | +1.10% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.34% | ₹18.26 Cr | +1.42% | +1.42% | — |
| Swan Corp Ltd. | Construction | 1.33% | ₹18.21 Cr | +1.45% | +1.55% | +2.15% |
| Canara Bank | Financial | 1.27% | ₹17.32 Cr | +1.29% | +1.42% | +0.54% |
| K.P.R. Mill Ltd. | Textiles | 1.24% | ₹16.99 Cr | +1.29% | +1.01% | +1.19% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.24% | ₹16.93 Cr | +1.31% | — | — |
| Titagarh Rail Systems Ltd. | Automobile | 1.11% | ₹15.14 Cr | +1.16% | +0.84% | +0.76% |
| Hindustan Copper Ltd. | Metals & Mining | 1.01% | ₹13.77 Cr | — | — | — |
| Ultratech Cement Ltd. | Materials | 1.00% | ₹13.70 Cr | +1.00% | — | — |
| Bharat Forge Ltd. | Automobile | 0.99% | ₹13.48 Cr | +1.68% | +1.46% | +1.01% |
| Britannia Industries Ltd. | Consumer Staples | 0.99% | ₹13.52 Cr | +1.02% | +1.21% | — |
| JSW Steel Ltd. | Metals & Mining | 0.99% | ₹13.54 Cr | +0.74% | +1.47% | — |
| ITC Ltd. | Consumer Staples | 0.96% | ₹13.14 Cr | +1.60% | +2.56% | +3.27% |
| Tata Power Company Ltd. | Energy | 0.95% | ₹12.92 Cr | +0.99% | +1.08% | +1.02% |
| Max Financial Services Ltd. | Financial | 0.93% | ₹12.73 Cr | +1.01% | +0.92% | — |
| Siemens Energy India Ltd. | Energy | 0.87% | ₹11.84 Cr | +1.26% | +0.98% | +2.05% |
| Glass Wall Systems (India) Ltd. | Construction | 0.74% | ₹10.17 Cr | — | — | — |
| National Stock Exchange | Financial | 0.72% | ₹9.88 Cr | — | — | — |
| Zaggle Prepaid Ocean Services Ltd. | Technology | 0.71% | ₹9.70 Cr | +0.82% | +0.83% | +1.41% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.60% | ₹8.17 Cr | +0.62% | — | — |
| Triveni Power Transmission Ltd. | Capital Goods | 0.59% | ₹8.11 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 0.47% | ₹6.45 Cr | +0.58% | +1.88% | +2.09% |
| Vedanta Ltd. | Metals & Mining | 0.38% | ₹5.18 Cr | +1.40% | +4.42% | +4.78% |
| LEAP India Ltd. | Services | 0.32% | ₹4.39 Cr | — | — | — |
| Varun Beverages Ltd. | Consumer Staples | 0.32% | ₹4.32 Cr | +0.36% | +0.30% | +0.32% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.30% | ₹4.16 Cr | +0.59% | +0.39% | +0.47% |
| Prudent Corporate Advisory Services Ltd. | Financial | 0.27% | ₹3.76 Cr | +1.83% | +1.49% | +2.48% |
| Interglobe Aviation Ltd. | Services | 0.24% | ₹3.24 Cr | +0.25% | +0.03% | +1.71% |
| Reserve Bank of India | Financial | 0.13% | ₹1.72 Cr | +0.12% | +0.13% | +0.01% |
| DLF Ltd. | Construction | 0.12% | ₹1.69 Cr | +0.11% | +0.10% | +1.27% |
| Advanced Enzyme Technologies Ltd. | Chemicals | 0.08% | ₹1.09 Cr | +0.09% | +0.08% | +0.62% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HEG Advanced Materials Ltd. | 2.73% | 0.00% | -2.73% |
| HEG Graphite Ltd. | 0.00% | 1.82% | +1.82% |
| Larsen & Toubro Ltd. | 0.60% | 2.23% | +1.63% |
| Aditya Infotech Ltd. | 0.13% | 1.72% | +1.59% |
| Triveni Engineering & Industries Ltd. | 0.93% | 0.00% | -0.93% |
| Glass Wall Systems (India) Ltd. | 0.00% | 0.74% | +0.74% |
| National Stock Exchange | 0.00% | 0.72% | +0.72% |
| ICICI Prudential Asset Management Company Ltd. | 1.16% | 1.85% | +0.69% |
| JSW Steel Ltd. | 0.35% | 0.99% | +0.64% |
| Siemens Ltd. | 0.51% | 0.00% | -0.51% |
| Adani Ports and Special Economic Zone Ltd. | 2.52% | 2.95% | +0.43% |
| Bank Of Baroda | 1.91% | 2.29% | +0.38% |
| Inox India Ltd. | 1.72% | 1.35% | -0.37% |
| State Bank of India | 5.36% | 5.02% | -0.34% |
| Tata Steel Ltd. | 0.13% | 0.47% | +0.34% |
| Vedanta Aluminium Metal Ltd. | 0.95% | 1.24% | +0.29% |
| E.I.D. - Parry (India) Ltd. | 2.54% | 2.26% | -0.28% |
| Dr. Reddy's Laboratories Ltd. | 2.54% | 2.81% | +0.27% |
| ICICI Bank Ltd. | 4.52% | 4.26% | -0.26% |
| Indian Bank | 2.16% | 2.01% | -0.15% |
| UNO Minda Ltd. | 2.98% | 2.83% | -0.15% |
| LG Electronics India Ltd. | 2.60% | 2.74% | +0.14% |
| Quality Power Electrical Equipments Ltd. | 3.29% | 3.15% | -0.14% |
| Acutaas Chemicals Ltd. | 1.85% | 1.99% | +0.14% |
| Mahindra & Mahindra Ltd. | 1.83% | 1.71% | -0.12% |
| Tata Motors Ltd. | 1.63% | 1.51% | -0.12% |
| Coromandel International Ltd. | 2.12% | 2.02% | -0.10% |
| Max Financial Services Ltd. | 1.03% | 0.93% | -0.10% |
| Reliance Industries Ltd. | 2.03% | 1.95% | -0.08% |
| Hindustan Copper Ltd. | 1.08% | 1.01% | -0.07% |
| Tata Power Company Ltd. | 0.88% | 0.95% | +0.07% |
| HDFC Bank Ltd. | 2.16% | 2.23% | +0.07% |
| LEAP India Ltd. | 0.38% | 0.32% | -0.06% |
| ITC Ltd. | 0.90% | 0.96% | +0.06% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.40% | 1.34% | -0.06% |
| Bharat Electronics Ltd. | 1.70% | 1.65% | -0.05% |
| Bharat Forge Ltd. | 1.04% | 0.99% | -0.05% |
| Britannia Industries Ltd. | 1.04% | 0.99% | -0.05% |
| NTPC Ltd. | 2.41% | 2.46% | +0.05% |
| K.P.R. Mill Ltd. | 1.28% | 1.24% | -0.04% |
| Titagarh Rail Systems Ltd. | 1.07% | 1.11% | +0.04% |
| Prudent Corporate Advisory Services Ltd. | 0.31% | 0.27% | -0.04% |
| Varun Beverages Ltd. | 0.28% | 0.32% | +0.04% |
| Apollo Hospitals Enterprise Ltd. | 0.63% | 0.60% | -0.03% |
| Canara Bank | 1.30% | 1.27% | -0.03% |
| Siemens Energy India Ltd. | 0.84% | 0.87% | +0.03% |
| Small Industries Devp. Bank of India Ltd. | 0.68% | 0.71% | +0.03% |
| Balrampur Chini Mills Ltd. | 2.84% | 2.81% | -0.03% |
| Hindustan Aeronautics Ltd. | 3.73% | 3.76% | +0.03% |
| SBI Life Insurance Company Ltd. | 1.35% | 1.37% | +0.02% |
| Swan Corp Ltd. | 1.35% | 1.33% | -0.02% |
| Triveni Power Transmission Ltd. | 0.57% | 0.59% | +0.02% |
| Zaggle Prepaid Ocean Services Ltd. | 0.73% | 0.71% | -0.02% |
| Bharat Heavy Electricals Ltd. | 0.31% | 0.30% | -0.01% |
| Reserve Bank of India | 0.12% | 0.13% | +0.01% |
| Ultratech Cement Ltd. | 1.01% | 1.00% | -0.01% |
| Vedanta Ltd. | 0.39% | 0.38% | -0.01% |
| Bharti Airtel Ltd. | 3.20% | 3.21% | +0.01% |
| Advanced Enzyme Technologies Ltd. | 0.08% | 0.08% | 0.00% |
| DLF Ltd. | 0.12% | 0.12% | 0.00% |
| Interglobe Aviation Ltd. | 0.24% | 0.24% | 0.00% |
| Others | 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 | ₹2,088 Cr | 2.35% | 8.8% | 8.1% | 13.5% |
 Motilal Oswal ELSS Tax Saver Fund | ₹4,890 Cr | 2.07% | 8.1% | 8.8% | 16.0% |
 HSBC ELSS Tax saver Fund | ₹3,974 Cr | 1.98% | 8.0% | 7.9% | 12.9% |
 Baroda BNP Paribas ELSS Tax Saver Fund | ₹857 Cr | 2.46% | 6.6% | 7.2% | 11.9% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹481 Cr | 2.60% | 10.8% | 8.6% | — |
 JM ELSS - Tax Saver Fund | ₹240 Cr | 2.66% | 10.6% | 7.7% | 13.1% |
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 months3.02% absolute | ₹60,000 | ₹61,812 | 3.02% | |
| 1 year3.56% annualised | ₹1,20,000 | ₹1,22,339 | 1.95% | |
| 3 years11.55% annualised | ₹3,60,000 | ₹4,31,929 | 19.98% | |
| 5 years10.00% annualised | ₹6,00,000 | ₹7,80,824 | 30.14% |
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 ₹167.19 as on 9 Nov 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 2.33% 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 7.8% over 1 year, 4.4% over 3 years and 10.5% 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 ₹17,978 Cr under management.