Bank Of India Elss Tax Saver Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 31
Rating
Growth Option 11-04-2025
NAV ₹143.03(R) +2.41% ₹166.02(D) +2.42%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular -8.54% 13.01% 24.49% 13.89% 13.56%
Direct -7.49% 14.28% 25.85% 15.16% 14.96%
Nifty 500 TRI 0.18% 11.74% 24.27% 13.48% 12.27%
SIP (XIRR) Regular -33.28% 10.04% 15.46% 17.14% 15.9%
Direct -32.55% 11.34% 16.81% 18.48% 17.22%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.46 0.24 0.45 -0.08% 0.07
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
17.59% -23.08% -23.77% 1.11 12.67%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Hdfc Taxsaver 1
Sbi Long Term Equity Fund 2
Parag Parikh ELSS Tax Saver Fund 3
DSP ELSS Tax Saver Fund 4
Quantum ELSS Tax Saver Fund 5
Taurus ELSS tax saver fund 6
Franklin India ELSS Tax Saver Fund 7
Motilal Oswal ELSS Tax Saver Fund 8

NAV Date: 11-04-2025

Scheme Name NAV Rupee Change Percent Change
BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW 25.66
0.6000
2.3900%
BANK OF INDIA ELSS Tax Saver -Regular Plan-IDCW 27.55
0.6400
2.3800%
BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW 66.3
1.5600
2.4100%
BANK OF INDIA ELSS Tax Saver -Regular Plan- Growth 143.03
3.3700
2.4100%
BANK OF INDIA ELSS Tax Saver -ECO Plan-Growth 154.6
3.6400
2.4100%
BANK OF INDIA ELSS Tax Saver -Direct Plan- Growth 166.02
3.9200
2.4200%

Review Date: 11-04-2025

Beginning of Analysis

Bank of India ELSS Tax Saver is the 31st ranked fund in the ELSS (Tax Saving) Fund category. The category has total 35 funds. The Bank of India ELSS Tax Saver has shown a very poor past performence in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of -0.08% which is lower than the category average of 0.91%, reflecting poor performance. The fund has a Sharpe Ratio of 0.46 which is lower than the category average of 0.47.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

Bank of India ELSS Tax Saver Return Analysis

  • The fund has given a return of 1.87%, -6.5 and -16.34 in last one, three and six months respectively. In the same period the category average return was 2.1%, -3.64% and -12.17% respectively.
  • Bank of India ELSS Tax Saver has given a return of -7.49% in last one year. In the same period the Nifty 500 TRI return was 0.18%. The fund has given 7.67% less return than the benchmark return.
  • The fund has given a return of 14.28% in last three years and rank 12th out of 35 funds in the category. In the same period the Nifty 500 TRI return was 11.74%. The fund has given 2.54% more return than the benchmark return.
  • Bank of India ELSS Tax Saver has given a return of 25.85% in last five years and category average returns is 24.64% in same period. The fund ranked 11th out of 33 funds in the category. In the same period the Nifty 500 TRI return was 24.27%. The fund has given 1.58% more return than the benchmark return.
  • The fund has given a return of 14.96% in last ten years and ranked 4th out of 25 funds in the category. In the same period the Nifty 500 TRI return was 12.27%. The fund has given 2.69% more return than the benchmark return.
  • The fund has given a SIP return of -32.55% in last one year whereas category average SIP return is -24.05%. The fund one year return rank in the category is 39th in 40 funds
  • The fund has SIP return of 11.34% in last three years and ranks 18th in 35 funds. Sbi Long Term Equity Fund has given the highest SIP return (19.83%) in the category in last three years.
  • The fund has SIP return of 16.81% in last five years whereas category average SIP return is 16.38%.

Bank of India ELSS Tax Saver Risk Analysis

  • The fund has a standard deviation of 17.59 and semi deviation of 12.67. The category average standard deviation is 14.55 and semi deviation is 10.36.
  • The fund has a Value at Risk (VaR) of -23.08 and a maximum drawdown of -23.77. The category average VaR is -18.5 and the maximum drawdown is -17.44. The fund has a beta of 1.11 which shows that fund is more volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in ELSS (Tax Saving) Fund Category
  • Good Performance in ELSS (Tax Saving) Fund Category
  • Poor Performance in ELSS (Tax Saving) Fund Category
  • Very Poor Performance in ELSS (Tax Saving) Fund Category


    • Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Bank Of India Elss Tax Saver NAV Regular Growth Bank Of India Elss Tax Saver NAV Direct Growth
    11-04-2025 143.03 166.02
    09-04-2025 139.66 162.1
    08-04-2025 141.46 164.18
    07-04-2025 138.97 161.29
    04-04-2025 144.11 167.24
    03-04-2025 149.23 173.18
    02-04-2025 149.55 173.54
    01-04-2025 148.38 172.18
    28-03-2025 149.78 173.78
    27-03-2025 150.43 174.53
    26-03-2025 149.39 173.32
    25-03-2025 150.44 174.53
    24-03-2025 152.17 176.53
    21-03-2025 149.76 173.72
    20-03-2025 147.46 171.04
    19-03-2025 146.66 170.11
    18-03-2025 144.23 167.29
    17-03-2025 140.73 163.22
    13-03-2025 139.86 162.2
    12-03-2025 140.26 162.65
    11-03-2025 140.55 162.98

    Fund Launch Date: 12/Dec/2008
    Fund Category: ELSS (Tax Saving) Fund
    Investment Objective: The Scheme seeks to generate long-term capital growth from a diversified portfolio ofpredominantly equity and equity-related securities across all market capitalisations. 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 Description: An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
    Fund Benchmark: BSE 500 Total Return Index (Total Return Index)
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.