Should I invest in BANK OF INDIA ELSS Tax Saver?

We don't give personal investment advice. BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 23.9%. 5-year CAGR: 12.74%.

Bank of India

BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW

Latest NAV

₹77.6200

As of

17 Jul 2026

3,327 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.43%	+0.18%	+0.25	17 / 76	Q1
1W	+0.27%	+0.02%	+0.25	17 / 76	Q1
2W	-0.10%	+0.25%	-0.36	44 / 76	Q3
1M	+0.27%	+1.60%	-1.33	72 / 76	Q4
3M	+0.94%	+3.34%	-2.41	63 / 76	Q4
6M	+4.76%	+1.60%	+3.17	15 / 76	Q1
YTD	+3.22%	+0.65%	+2.57	14 / 76	Q1
1Y	+2.16%	+3.29%	-1.13	22 / 76	Q2
2Y	-2.24%	+2.13%	-4.37	60 / 75	Q4
3Y	+15.49%	+10.81%	+4.68	11 / 75	Q1
4Y	+17.63%	+12.20%	+5.43	11 / 69	Q1
5Y	+12.74%	+10.65%	+2.09	17 / 65	Q2
7Y	+17.95%	+13.29%	+4.66	13 / 63	Q1
10Y	+14.09%	+10.17%	+3.92	3 / 46	Q1
Inception	+14.28%	+11.17%	+3.10	14 / 76	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+3.22%	-1.35%	+4.57	9 / 70
2025	-2.98%	+2.19%	-5.16	60 / 70
2024	+22.56%	+16.51%	+6.05	11 / 70
2023	+35.85%	+24.04%	+11.81	9 / 68
2022	-0.11%	+1.46%	-1.57	50 / 65
2021	+27.29%	+33.28%	-5.99	31 / 68
2020	+29.23%	+13.91%	+15.33	4 / 68
2019	+15.66%	+5.99%	+9.67	2 / 66
2018	-19.91%	-7.59%	-12.32	50 / 56
2017	+48.47%	+29.87%	+18.59	1 / 50
2016	-0.84%	+1.05%	-1.89	37 / 46

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+17.29%

153 windows

min -25.8% · max 66.2%

76% positive

3-Year rolling

+15.18%

129 windows

min -1.0% · max 26.4%

99% positive

5-Year rolling

+14.48%

104 windows

min 1.5% · max 27.2%

100% positive

7-Year rolling

+14.14%

80 windows

min 9.2% · max 19.0%

100% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

16.73%

3-year · annualised

Sharpe ratio

0.55

vs risk-free 6.5%

Sortino ratio

0.90

Downside-only deviation

Max drawdown

-23.88%

Dec 2024 → Feb 2025

% positive months

63.9%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in ELSS

Scheme	Fund house	NAV	As of
HDFC ELSS Tax saver - IDCW Option - Direct Plan	HDFC	₹93.5760	17 Jul 2026
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - ANNUAL IDCW Option	Nippon India	₹22.6321	17 Jul 2026
SBI ELSS Tax Saver Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹118.6726	17 Jul 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - IDCW	ICICI Prudential	₹44.8300	17 Jul 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - IDCW Payout	Invesco	₹32.2400	17 Jul 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - IDCW	Bandhan	₹41.5040	17 Jul 2026
quant ELSS Tax Saver Fund - IDCW Option - Direct Plan	Quant	₹61.4528	17 Jul 2026
Aditya Birla Sun Life ELSS Tax Saver Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹439.8600	17 Jul 2026
Motilal Oswal ELSS Tax Saver Fund Direct - IDCW Payout	Motilal Oswal	₹39.4071	17 Jul 2026
Franklin India ELSS Tax Saver Fund - Direct - IDCW	Franklin India	₹70.8461	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹77.6200
16 Jul 2026	₹77.2900
15 Jul 2026	₹77.4100
14 Jul 2026	₹77.0300
13 Jul 2026	₹77.5200
10 Jul 2026	₹77.4100
9 Jul 2026	₹76.5000
8 Jul 2026	₹76.0100
7 Jul 2026	₹77.1900
6 Jul 2026	₹77.9100

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is ₹77.6200. It's a ELSS from Bank of India, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW has NAV history starting from 08 Jan 2013, a track record of about 13 years 6 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is managed by Bank of India. It's classified by AMFI under the 'ELSS' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW has delivered a absolute return of 2.16% — -1.13 pp behind the ELSS category average of 3.29%. The fund ranks #22 of 76 in its category — the second (Q2) quartile.

Over the trailing 3-year window, BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW has delivered a CAGR of 15.49% — +4.68 pp ahead of the ELSS category average of 10.81%. The fund ranks #11 of 75 in its category — the top (Q1) quartile.

Over the trailing 5-year window, BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW has delivered a CAGR of 12.74% — +2.09 pp ahead of the ELSS category average of 10.65%. The fund ranks #17 of 65 in its category — the second (Q2) quartile.

₹1 lakh invested in BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW exactly 10 years ago would be worth approximately ₹373,712 today — a multiplier of 3.74×, based on the 10-year CAGR of 14.09%. The category average over the same window would have grown ₹1 lakh to ₹263,459.

A ₹10,000 monthly SIP in BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹821,822 today. That's an XIRR (money-weighted annualised return) of 12.53%.

A ₹10,000 monthly SIP for 10 years in BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW = ₹1,200,000 invested. It would currently be worth ₹2,579,615 (multiplier 2.15×). XIRR: 14.63%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW ranks #17 out of 65 funds in the ELSS category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 10.65%; this fund delivered 12.74%.

The worst peak-to-trough decline BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW has experienced over the last 5-year window is 23.88% — its NAV fell from a high on 11 Dec 2024 to a low on 28 Feb 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW averaged 14.48% (best 27.22%, worst 1.54%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.41 — weak risk-adjusted performance.

In calendar year 2025, BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW returned -2.98% — lagging the ELSS category average of 2.19% by 5.16 pp. It ranked #60 of 70 in its category that year.

BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 23.9%. 5-year CAGR: 12.74%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.