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
₹30.72
-5.77%
NAV as on 17 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 17 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 Tax Advantage Fund Reinvestment of Income Dist cum Cap Wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Tax Advantage Fund Reinvestment 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 Tax Advantage Fund Reinvestment 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 Tax Advantage Fund Reinvestment 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 Tax Advantage Fund Reinvestment 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
- Alok Singh (Apr 2022 - Present)
Key Information
View Scheme Document
Bank of India Tax Advantage Fund Reinvestment of Income Dist cum Cap Wdrl SIP Calculator
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For a period of
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₹0 (+0.0%)
This Fund
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Fixed Deposit
NRI Mutual Fund Tax on Bank of India Tax Advantage Fund Reinvestment 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 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 Tax Advantage Fund Reinvestment 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 Tax Advantage Fund Reinvestment 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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Frequently Asked Questions
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