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BANK OF INDIA ELSS Tax Saver -Direct Plan- Growth is an equity scheme managed by Bank of India Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 21.71%, with the bottom and top quartiles at 17.96% and 25.12% respectively. It has ranked in the top half of its category for 2 of the last 2 reported years. The total expense ratio is 1.15% on assets of ₹1,403Cr. The fund is currently managed by Mr. Alok Singh, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 88% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| STATE BANK OF INDIA | Financial Services | 4.45% |
| Hindustan Aeronautics Ltd | Industrials | 3.53% |
| QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED | Industrials | 3.19% |
| BHARTI AIRTEL LIMITED | Communication Services | 3.16% |
| ICICI BANK LIMITED | Financial Services | 3.02% |
| NTPC LIMITED | Utilities | 2.96% |
| POWER FINANCE CORPORATION LTD. | Financial Services | 2.83% |
| HDFC BANK LIMITED | Financial Services | 2.81% |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED | Industrials | 2.65% |
| UNO MINDA LIMITED | Consumer Cyclical | 2.62% |
| HEG Limited | Industrials | 2.46% |
| RELIANCE INDUSTRIES LIMITED | Energy | 2.30% |
| COROMANDEL INTERNATIONAL LIMITED | Basic Materials | 2.22% |
| TATA STEEL LIMITED | Basic Materials | 2.11% |
| INDIAN BANK | Financial Services | 2.06% |
| AMBUJA CEMENTS LIMITED | Basic Materials | 1.96% |
| NATIONAL ALUMINIUM COMPANY LIMITED | Basic Materials | 1.94% |
| BALRAMPUR CHINI MILLS LIMITED | Consumer Defensive | 1.88% |
| BHARAT ELECTRONICS LIMITED | Industrials | 1.78% |
| ITC LIMITED | Consumer Defensive | 1.76% |
| PRUDENT CORPORATE ADVISORY SERVICES LIMITED | Financial Services | 1.74% |
| VEDANTA LIMITED | Basic Materials | 1.65% |
| BANK OF BARODA | Financial Services | 1.60% |
| JSW STEEL LIMITED | Basic Materials | 1.49% |
| DEEPAK NITRITE LIMITED | Basic Materials | 1.48% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 11 | 25.58% |
| Capital Goods | — | 17.86% |
| Metals & Mining | — | 9.56% |
| Automobile and Auto Components | — | 6.94% |
| Fast Moving Consumer Goods | — | 6.46% |
| Power | — | 4.65% |
| Healthcare | — | 4.63% |
| Chemicals | — | 3.70% |
| Services | — | 3.42% |
| Telecommunication | — | 3.16% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -11.38% | 0.44% | 17.48% | 45.34% | 80.58% | 76.8% |
| 3Y | 13.10% | 17.96% | 21.71% | 25.12% | 30.44% | 100.0% |
| 5Y | 14.20% | 16.67% | 19.85% | 22.89% | 28.06% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 31.2% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.