NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl for NRI [30.85]

Min Investment

₹500

Fund Size

₹1,453.01 Cr

Expense Ratio

2.0%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹30.85

-5.37%

NAV as on 20 Jan 25, 12:00 AM

very high risk

elss (tax savings)

elss

NAV as on 20 Jan 25, 12:00 AM

very high risk

elss (tax savings)

elss

23.54%p.a.

Last 1Y

18.82%p.a.

Last 3Y

24.42%p.a.

Last 5Y

19.41%p.a.

Since Inception

About Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl for NRIs

NRIs can achieve long-term capital appreciation by investing in the Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl scheme from Bank of India Investment Managers Private Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Feb 2009, Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl is ELSS (Tax Savings) fund of its category with 1,453.01 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.

  • Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl delivered 23.5% annual returns during the last year. It has delivered 19.4% average annual returns since the fund was launched.
  • Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in elss

Fund Objective

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized).

Top 10 Holdings

HDFC Bank Ltd

5.44%

State Bank of India

4.34%

Vedanta Ltd

4.12%

Prudent Corporate Advisory Services Ltd

2.72%

Ami Organics Ltd

2.54%

NTPC Ltd

2.39%

General Insurance Corp of India

2.34%

Coforge Ltd

2.33%

Swan Energy Ltd

2.16%

Siemens Ltd

2.13%

Fund Managers

  1. Alok Singh (Apr 2022 - Present)

Key Information

View Scheme Document

Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Bank of India ELSS Tax Saver Fund Payout of Income Dist cum Cap Wdrl
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

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