Bank Of India ELSS Tax Saver Review: Plans, NAV, Returns and Portfolio Analysis 2026

Bank Of India ELSS Tax Saver has 6 plan/option variants. Representative NAV Rs 194.56 (20-Jul-2026). Category Equity Linked Savings Scheme. Risk Very High.

Bank Of India ELSS Tax Saver is a equity linked savings scheme offered by Bank of India Mutual Fund, available in Direct and ECO and Regular Plans across IDCW, Growth. The scheme aims to generate long term capital appreciation through investment primarily in equity and equity related instruments, with a mandatory 3 year lock-in period under the ELSS provision of the Income Tax Act. With multiple variants, Bank Of India ELSS Tax Saver lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews Bank Of India ELSS Tax Saver across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

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Bank Of India ELSS Tax Saver Plans and Options Available

Bank Of India ELSS Tax Saver is offered across 6 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Investment Objective and Portfolio Approach

Bank Of India ELSS Tax Saver seeks to generate long term capital appreciation through investment primarily in equity and equity related instruments, with a mandatory 3 year lock-in period under the ELSS provision of the Income Tax Act.

In terms of portfolio construction, the scheme holds primarily equity and equity related instruments across market capitalisations and sectors.

Bank Of India ELSS Tax Saver Performance and Returns

Bank Of India ELSS Tax Saver has delivered returns that are dependent on the fund manager’s portfolio decisions, market conditions and the expense ratio differential between plans; investors should check the latest factsheet for current figures. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in Bank Of India ELSS Tax Saver

The Direct Plan of Bank Of India ELSS Tax Saver is available for investors transacting directly with the AMC or through a registered investment advisor, and carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in Bank Of India ELSS Tax Saver

The Growth option of Bank Of India ELSS Tax Saver reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of Bank Of India ELSS Tax Saver distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of Bank Of India ELSS Tax Saver is not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, while the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. This is the annual fee deducted from the scheme’s assets.

The exit load on Bank Of India ELSS Tax Saver is Nil after the mandatory 3 year lock-in period; units cannot be redeemed before 3 years from allotment.

Who Should Consider Bank Of India ELSS Tax Saver

Tax saving investors. Bank Of India ELSS Tax Saver is suitable for investors looking to save tax under Section 80C of the Income Tax Act while participating in potential equity market upside.

Long term investors. The mandatory 3 year lock-in period in the scheme encourages a long term investing discipline.

Equity oriented investors. Investors comfortable with Very High equity risk and willing to stay invested through market cycles may find the scheme appropriate.

Key Risks in the scheme

Lock-in risk. Units of the scheme cannot be redeemed for 3 years from allotment, so investors must be comfortable committing capital for this period.

Equity market risk. The equity portfolio of the scheme is fully exposed to stock market volatility during the lock-in period.

Concentration risk for closed-ended ELSS. Closed-ended ELSS schemes may have concentrated portfolios given their fixed investment universe at the time of launch.

How to Invest in Bank Of India ELSS Tax Saver

Investors evaluating Bank Of India ELSS Tax Saver should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in Bank Of India ELSS Tax Saver can be made as a lump sum or through a Systematic Investment Plan of at least Rs 500 lump sum for many ELSS schemes, with SIP amounts varying by AMC, followed by regular monitoring of NAV and portfolio composition at least quarterly.

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Conclusion

Bank Of India ELSS Tax Saver is a equity linked savings scheme scheme from Bank of India Mutual Fund available across 6 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 194.56 for the Direct Plan Growth option as on 20-Jul-2026 reflects the scheme’s performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Frequently Asked Questions on Bank Of India ELSS Tax Saver

What plans and options are available in Bank Of India ELSS Tax Saver?

Ans. Bank Of India ELSS Tax Saver is available in Direct and ECO and Regular Plans and IDCW, Growth, giving investors 6 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of Bank Of India ELSS Tax Saver?

Ans. The latest NAV of the Direct Plan Growth option of Bank Of India ELSS Tax Saver is Rs 194.56 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of Bank Of India ELSS Tax Saver?

Ans. The primary objective of Bank Of India ELSS Tax Saver is to generate long term capital appreciation through investment primarily in equity and equity related instruments, with a mandatory 3 year lock-in period under the ELSS provision of the Income Tax Act.

What is the difference between the Direct and Regular Plan in Bank Of India ELSS Tax Saver?

Ans. The Direct Plan of Bank Of India ELSS Tax Saver carries lower than the Regular Plan of the same scheme, since it excludes distributor commission, excluding distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of Bank Of India ELSS Tax Saver?

Ans. The Regular Plan of Bank Of India ELSS Tax Saver carries an expense ratio of not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, and the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on Bank Of India ELSS Tax Saver?

Ans. The exit load on Bank Of India ELSS Tax Saver is Nil after the mandatory 3 year lock-in period; units cannot be redeemed before 3 years from allotment. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in Bank Of India ELSS Tax Saver?

Ans. Bank Of India ELSS Tax Saver can suit investors whose financial goals, risk appetite and investment horizon align with the equity linked savings scheme category. Consult a SEBI registered advisor to assess personal suitability.

Is Bank Of India ELSS Tax Saver a good investment?

Ans. Bank Of India ELSS Tax Saver can be appropriate for investors who understand the equity linked savings scheme category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.