NAV : ₹ 171.58 as of 18 October, 2024
3Y Returns
▲16.98%
Fund size
Min SIP
Lumpsum
Launch date
Fund plan
Scheme type
Rating by Value Research
Over the past
Disclaimer: Past performance is not an indicator of future returns
Inclusive of GST
Bank of India Mutual Fund
Total AUM: 6604.56Cr
Private Limited and BOI AXA Investment Managers Private Limited, operates as a wholly-owned subsidiary of Bank of India (BOI).
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. Through Bank of India Mutual Fund (BOIMF), the company provides approximately 17 diverse Mutual Fund Schemes that span various sectors.
As of the most recent financial data available, BOIMF boasts Assets Under Management (AUM) exceeding Rs. 5788 crores, as of December 2023.
Learn more about Bank of India Mutual Fund
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of Bank of India ELSS Tax Saver Fund is ₹171.58
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of Bank of India ELSS Tax Saver Fund is ₹1,485.63 Cr.
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of Bank of India ELSS Tax Saver Fund is ₹500
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of Bank of India ELSS Tax Saver Fund is 1.96%
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.