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: 12.75%.

Bank of India

BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW

Latest NAV

₹74.8200

As of

3 Jun 2026

3,296 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	+0.34%	+0.12%	+0.22	22 / 76	Q2
1W	-2.06%	-1.31%	-0.74	61 / 76	Q4
2W	-0.27%	+0.08%	-0.34	38 / 76	Q2
1M	-2.84%	-0.99%	-1.86	71 / 76	Q4
3M	+2.40%	-0.23%	+2.63	17 / 76	Q1
6M	+0.38%	-4.25%	+4.63	14 / 76	Q1
YTD	-0.51%	-3.63%	+3.12	14 / 76	Q1
1Y	+1.63%	+1.70%	-0.07	22 / 76	Q2
2Y	-1.68%	+3.10%	-4.78	62 / 75	Q4
3Y	+16.12%	+10.95%	+5.17	11 / 75	Q1
4Y	+16.74%	+11.02%	+5.72	11 / 69	Q1
5Y	+12.75%	+10.65%	+2.10	20 / 65	Q2
7Y	+16.26%	+11.69%	+4.57	14 / 63	Q1
10Y	+14.08%	+10.10%	+3.97	3 / 46	Q1
Inception	+14.10%	+10.74%	+3.36	12 / 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	-0.51%	-5.99%	+5.49	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

+17.32%

152 windows

min -23.4% · max 65.5%

74% positive

3-Year rolling

+14.87%

127 windows

min -2.4% · max 26.7%

99% positive

5-Year rolling

+14.37%

103 windows

min 0.6% · max 26.6%

100% positive

7-Year rolling

+13.98%

79 windows

min 9.3% · max 18.8%

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

0.60

vs risk-free 6.5%

Sortino ratio

0.99

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	₹88.8430	3 Jun 2026
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - ANNUAL IDCW Option	Nippon India	₹21.9652	3 Jun 2026
SBI ELSS Tax Saver Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹113.4965	3 Jun 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - IDCW	ICICI Prudential	₹43.2500	3 Jun 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - IDCW Payout	Invesco	₹30.0200	3 Jun 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - IDCW	Bandhan	₹40.0710	3 Jun 2026
quant ELSS Tax Saver Fund - IDCW Option - Direct Plan	Quant	₹59.0826	3 Jun 2026
Aditya Birla Sun Life ELSS Tax Saver Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹417.8400	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund Direct - IDCW Payout	Motilal Oswal	₹38.4424	3 Jun 2026
Franklin India ELSS Tax Saver Fund - Direct - IDCW	Franklin India	₹67.3238	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹74.8200
2 Jun 2026	₹74.5700
1 Jun 2026	₹74.6300
29 May 2026	₹75.5400
27 May 2026	₹76.3900
26 May 2026	₹76.1300
25 May 2026	₹76.1000
22 May 2026	₹75.3100
21 May 2026	₹75.4300
20 May 2026	₹75.0200

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 03 Jun 2026, the NAV of BANK OF INDIA ELSS Tax Saver -Direct Plan-IDCW is ₹74.8200. 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 4 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 1.63% — -0.07 pp behind the ELSS category average of 1.70%. 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 16.12% — +5.17 pp ahead of the ELSS category average of 10.95%. 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 12.75% — +2.1 pp ahead of the ELSS category average of 10.65%. The fund ranks #20 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 ₹373,168 today — a multiplier of 3.73×, based on the 10-year CAGR of 14.07%. The category average over the same window would have grown ₹1 lakh to ₹261,744.

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 ₹803,877 today. That's an XIRR (money-weighted annualised return) of 11.64%.

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 ₹2,527,010 (multiplier 2.11×). XIRR: 14.25%. 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 #20 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 12.75%.

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 14.37% (best 26.63%, worst 0.61%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.43 — 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: 12.75%.

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