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Bank of India ELSS Tax Saver Fund - NAV, Returns, Performance & Investment Details 2025

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Invest in Bank of India ELSS Tax Saver Fund with latest NAV ₹182.60 (Aug 2025). Get tax benefits under 80C, check returns since inception 17.73%, AUM ₹1,432 Cr. Start SIP from ₹500. Direct & Regular plans available.

Investment Objective and Approach

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 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.

Key Features:

- Tax Benefits: ELSS/Tax saver subcategory within equity allows tax benefits under section 80C of the Income Tax Act and has a lock-in period of 3 years.

- Investment Philosophy: 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.

- Risk Level: The Bank of India ELSS Tax Saver Direct Growth is rated Very High risk.

- Lock-in Period: The Bank of India ELSS Tax Saver has a lock-in period of 3 years.

Fund Managers

Saurabh Kataria is the Current Fund Manager of Bank of India ELSS Tax Saver Direct Growth fund. However, some sources also mention Alok Singh as the fund manager. Mr. Alok Singh has 12 years of experience in Fixed Income Fund Management. As part of his previous employer BNP Paribas Mutual Fund, Alok has won numerous awards for stellar fund performance over the last three years. Around 20 years of experience, including 16 years in mutual fund industry. He is managing this fund since April 27, 2022.

About the Fund House (AMC)

Bank of India Investment Managers (formerly BOI AXA Investment Managers) brings extensive experience in fund management. Bank of India Investment Managers (formerly BOI AXA Investment Managers) is a wholly owned subsidiary of Bank of India, which was founded in 1906 as a banking services company and later nationalised in 1969. The AMC BOI brings 14 years of rich experience in fund management catering to the needs of investors across various investment objectives.

AMC Highlights:

- The fund house currently manages 17 varied mutual fund schemes across 2 lakh+ investors and 2700+ Cr. in AUM.

- With an experience of around 15 years in fund management, Bank of India Investment Managers Private Limited has consistently prioritised meeting the investment objectives of its investors.

- As of the most recent financial data available, BOIMF boasts Assets Under Management (AUM) exceeding Rs. 5788 crores, as of December 2023.

Should I Invest in Bank of India ELSS Tax Saver Fund?

Consider This Fund If:

- You seek tax deduction benefits under Section 80C (up to ₹1.5 lakh annually)

- You have a long-term investment horizon (minimum 3 years due to lock-in)

- You can tolerate very high risk for potential higher returns

- You want diversified equity exposure across market capitalizations

Key Performance Metrics (as of recent data):

- Since Inception Returns: 17.73% CAGR

- 3-Year Returns: 17.60% to 19.03% CAGR

- 5-Year Returns: 23.80% to 26.60% CAGR

- AUM: ₹1432 Cr as on Jul 2025

- Expense Ratio: 0.8% (Direct Plan)

- Minimum Investment: Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.

Important Considerations:

- 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.

- The fund has shown negative returns in recent 1-year periods, indicating short-term volatility

- This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.83% which is lower than the category average expense ratio of 1.29%.

FAQs

What is today's NAV of Bank of India ELSS Tax Saver Fund?

The latest NAV is ₹182.6 as of Aug 05, 2025. The NAV is updated daily and reflects the fund's current market value per unit.

What is the AUM of Bank of India ELSS Tax Saver Fund?

The fund has ₹1432 Cr worth of assets under management (AUM) as on Jul 2025. This represents the total market value of all assets managed by the fund.

What is the expense ratio of Bank of India ELSS Tax Saver Fund?

The fund has an expense ratio 0.8%. The expense ratio is 0.81%. This is the annual fee charged for managing the fund and is lower than the category average.

What are the returns of Bank of India ELSS Tax Saver Fund since inception?

Bank of India ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.73% since inception. The fund was launched on January 1, 2013.

What is the minimum SIP amount to invest in Bank of India ELSS Tax Saver Fund?

Minimum SIP Investment is set to ₹500. You can also invest through lumpsum with a minimum amount of ₹500.

How do I invest in Bank of India ELSS Tax Saver Fund?

You can invest through Allvest platform easily. Simply select the fund, choose your investment amount, opt for SIP or lumpsum, complete KYC if required, and make the payment through your preferred mode.

How to start a SIP in Bank of India ELSS Tax Saver Fund?

Through Allvest, you can start a SIP by selecting the fund, choosing SIP option, setting your monthly investment amount (minimum ₹500), selecting the date, and setting up auto-debit from your bank account.

How do I automate an SIP in Bank of India ELSS Tax Saver Fund?

Allvest offers automated SIP facility where you can set up auto-debit instructions. Once configured, your chosen amount will be automatically invested monthly without manual intervention.

How can I withdraw/redeem my investment in Bank of India ELSS Tax Saver Fund?

Due to the 3-year lock-in period mandated by law for ELSS funds, you can only redeem after completing 3 years from each investment date. After the lock-in, you can redeem through Allvest platform by placing a redemption request.