NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹158.84
0.47%
NAV as on 16 May 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 16 May 24, 12:00 AM
very high risk
elss (tax savings)
elss
53.22%p.a.
Last 1Y
25.22%p.a.
Last 3Y
26.84%p.a.
Last 5Y
20.00%p.a.
Since Inception
About Bank of India ELSS Tax Saver Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India ELSS Tax Saver Fund Growth 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 Growth is ELSS (Tax Savings) fund of its category with 1,297.72 Cr fund under management as on May 2024. 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 Growth delivered 53.2% annual returns during the last year. It has delivered 20.0% average annual returns since the fund was launched.
- Bank of India ELSS Tax Saver Fund Growth 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
State Bank of India
4.43%
Canara Bank
3.57%
Vedanta Ltd
3.48%
Oil India Ltd
3.35%
HDFC Bank Ltd
2.99%
Reliance Industries Ltd
2.94%
Bank of Baroda
2.79%
Hindustan Aeronautics Ltd Ordinary Shares
2.61%
NTPC Ltd
2.57%
HEG Ltd
2.37%
Fund Managers
- Alok Singh (Apr 2022 - Present)
Key Information
View Scheme Document
Bank of India ELSS Tax Saver Fund Growth SIP Calculator
If invested
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 Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Bank of India ELSS Tax Saver Fund Growth?
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 Growth
- 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
Similar Funds
Funds
3Y Return
Axis ELSS Tax Saver Fund Growth
very high risk | elss
12.0%
SBI Long Term Equity Fund Growth
very high risk | elss
28.0%
Mirae Asset ELSS Tax Saver Fund - Plan-Growth
very high risk | elss
18.3%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved