Data As On 29th July 2022

Bank Of IndiaTAX ADVANTAGE FUND

  • Fund Type : An Open Ended Equity Linked Saving Scheme with a statutory lock in of 3 years and tax benefit
    Entry Load : Nil
    Date of Allotment : February 25, 2009
    Features : Liquity SIP Shield SIP SWP STP
  • Benchmark :
    S&P BSE 500 Total Return Index (TRI)
    Exit Load :
    Nil

Investment Objective

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalizations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns. There can be no assurance that the investment objectives of the Scheme will be realized.

Fund Manager

  • ALOK SINGH

    CFA and PGDBA from ICFAI Business School.

    ALOK SINGH
    See detail

Fund Highlights

  • Aims to leverage on the midcap expertise that has been established by our equity team.
  • Provides investors with the additional benefit of Tax Savings (Under Section 80C of the Income Tax Act)
  • Pure Equity fund that is aimed to be fully invested in equities under normal market situation
  • The close-ended nature of the fund will enable the Fund Manager to take a long-term view on his portfolio construct without having to worry about liquidity pressure.

  • Click here for KIM
  • Click here for SID

Riskometer

Scheme Riskometer:

The above Riskometer is based on the portfolio as on July, 2022.

This product is suitable for investors who are seeking*:

  • Long-term capital growth.
  • Investment in equity and equity related securities of companies across market capitalisations.

Benchmark Riskometer (Benchmark Riskometer Nifty 50 Hybrid Composite Debt 50:50 Index TRI):

Top 10 Portfolio Holdings

Portfolio Details % to Net Assets
ICICI Bank Limited 7.1%
State Bank of India 5.4%
HDFC Bank Limited 5.0%
Reliance Industries Limited 4.0%
Tata Consultancy Services Limited 2.9%
Kotak Mahindra Bank Limited 2.6%
Infosys Limited 2.5%
NTPC Limited 2.5%
Varun Beverages Limited 2.5%
Mahindra & Mahindra Limited 2.4%

Sector Allocation

  • Portfolio weight (%)
  • Benchmark weight (%)
Underweight / overweight
against benchmark

Data Not Available

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  • Scheme
  • Benchmark

Fund Performance

Performance(Regular Plan – Growth)

Period Scheme Benchmark
1 yr -0.7 % 8.8 %
3 yrs 25.3 % 19.2 %
5 yrs 14.3 % 12.3 %

IDCW History(Regular Plan- Regular IDCW)

Record Date IDCW (`/Unit)
30-June-2021 2.00
29-July-2021 0.90
CLICK HERE TO VIEW THE IDCW HISTORY
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