Should I invest in BANK OF INDIA ELSS Tax Saver -ECO Plan?

We don't give personal investment advice. BANK OF INDIA ELSS Tax Saver -ECO 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: 24.0%. 5-year CAGR: 11.43%.

Bharti AXA

BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW

Latest NAV

₹29.1700

As of

24 Jul 2026

4,282 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%	-2.26%	+1.91	71 / 90	Q4
1W	-1.72%	-4.09%	+2.38	60 / 87	Q3
2W	-1.49%	-4.51%	+3.03	47 / 87	Q3
1M	-1.85%	-5.21%	+3.36	65 / 87	Q3
3M	-0.71%	-3.51%	+2.80	60 / 87	Q3
6M	+5.27%	-0.11%	+5.38	26 / 89	Q2
YTD	+0.93%	-3.87%	+4.80	21 / 89	Q1
1Y	+0.62%	+1.67%	-1.05	35 / 87	Q2
2Y	-2.60%	-0.94%	-1.66	63 / 86	Q3
3Y	+13.31%	+5.34%	+7.97	24 / 81	Q2
4Y	+15.54%	+8.00%	+7.54	13 / 78	Q1
5Y	+11.43%	+6.78%	+4.64	34 / 77	Q2
7Y	+15.19%	+9.69%	+5.50	16 / 75	Q1
10Y	+6.04%	+7.87%	-1.83	53 / 69	Q4
Inception	+6.56%	+5.90%	+0.66	53 / 91	Q3

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	+0.93%	-4.60%	+5.54	3 / 47
2025	-3.89%	+1.54%	-5.42	42 / 47
2024	+21.54%	+18.17%	+3.36	19 / 47
2023	+34.78%	+23.46%	+11.32	3 / 49
2022	-0.93%	+0.75%	-1.68	31 / 52
2021	+24.78%	+28.91%	-4.13	36 / 54
2020	+17.20%	+11.40%	+5.80	19 / 56
2019	+4.79%	+2.03%	+2.76	25 / 59
2018	-36.22%	-9.68%	-26.54	61 / 61
2017	+21.63%	+29.95%	-8.32	54 / 65
2016	-13.43%	-0.31%	-13.12	69 / 70

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

+5.54%

200 windows

min -38.6% · max 62.1%

58% positive

3-Year rolling

+5.84%

176 windows

min -15.6% · max 24.1%

61% positive

5-Year rolling

+5.09%

152 windows

min -11.0% · max 24.1%

73% positive

7-Year rolling

+3.33%

127 windows

min -4.3% · max 15.2%

73% 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

15.85%

3-year · annualised

Sharpe ratio

0.46

vs risk-free 6.5%

Sortino ratio

0.75

Downside-only deviation

Max drawdown

-24.04%

Dec 2024 → Feb 2025

% positive months

69.4%

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 - Growth Plan	HDFC	₹1,355.4920	24 Jul 2026
NIPPON INDIA ELSS TAX SAVER FUND - ANNUAL IDCW Option	Nippon India	₹20.2789	24 Jul 2026
SBI ELSS Tax Saver Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹87.5266	24 Jul 2026
ICICI Prudential ELSS Tax Saver Fund - Growth	ICICI Prudential	₹920.2700	24 Jul 2026
Quantum ELSS Tax Saver Fund - Direct Plan Growth Option	Quantum	₹124.5200	24 Jul 2026
Motilal Oswal ELSS Tax Saver Fund - IDCW Payout	Motilal Oswal	₹30.0961	24 Jul 2026
Franklin India ELSS Tax Saver Fund - IDCW	Franklin Templeton	₹59.4311	24 Jul 2026
Kotak ELSS Tax Saver Fund-Growth	Kotak Mahindra	₹115.0200	24 Jul 2026
Edelweiss ELSS Tax Saver Fund - Regular Plan - Growth Option	Edelweiss	₹113.4400	24 Jul 2026
DSP ELSS Tax Saver Fund - Regular Plan - Growth	DSP BlackRock	₹136.6760	24 Jul 2026

Recent NAVs

Date	NAV
24 Jul 2026	₹29.1700
23 Jul 2026	₹29.2700
22 Jul 2026	₹29.4600
21 Jul 2026	₹29.7400
20 Jul 2026	₹29.7100
17 Jul 2026	₹29.6800
16 Jul 2026	₹29.5600
15 Jul 2026	₹29.6100
14 Jul 2026	₹29.4600
13 Jul 2026	₹29.6500

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 24 Jul 2026, the NAV of BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW is ₹29.1700. It's a ELSS from Bharti AXA, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW has NAV history starting from 27 Feb 2009, a track record of about 17 years 4 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW is managed by Bharti AXA. 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 -ECO Plan-IDCW has delivered a absolute return of 0.62% — -1.05 pp behind the ELSS category average of 1.67%. The fund ranks #35 of 87 in its category — the second (Q2) quartile.

Over the trailing 3-year window, BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW has delivered a CAGR of 13.31% — +7.97 pp ahead of the ELSS category average of 5.34%. The fund ranks #24 of 81 in its category — the second (Q2) quartile.

Over the trailing 5-year window, BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW has delivered a CAGR of 11.43% — +4.64 pp ahead of the ELSS category average of 6.78%. The fund ranks #34 of 77 in its category — the second (Q2) quartile.

₹1 lakh invested in BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW exactly 10 years ago would be worth approximately ₹179,730 today — a multiplier of 1.80×, based on the 10-year CAGR of 6.04%. The category average over the same window would have grown ₹1 lakh to ₹213,276.

A ₹10,000 monthly SIP in BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹793,016 today. That's an XIRR (money-weighted annualised return) of 11.10%.

A ₹10,000 monthly SIP for 10 years in BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW = ₹1,200,000 invested. It would currently be worth ₹2,053,059 (multiplier 1.71×). XIRR: 10.35%. 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 -ECO Plan-IDCW ranks #34 out of 77 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 6.78%; this fund delivered 11.43%.

The worst peak-to-trough decline BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW has experienced over the last 5-year window is 24.04% — 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 -ECO Plan-IDCW averaged 5.09% (best 24.13%, worst -10.97%). 73% of rolling windows ended positive. The 5-year Sharpe ratio is 0.36 — weak risk-adjusted performance.

In calendar year 2025, BANK OF INDIA ELSS Tax Saver -ECO Plan-IDCW returned -3.89% — lagging the ELSS category average of 1.54% by 5.42 pp. It ranked #42 of 47 in its category that year.

BANK OF INDIA ELSS Tax Saver -ECO 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 -ECO 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: 24.0%. 5-year CAGR: 11.43%.

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