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Bank of India ELSS Tax Saver(IDCW)

Ticker: mf15810
Decent 66/100

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U
Union Balanced Advantage Fund(IDCW Payout)
Score 68/100 Decent
The Union Balanced Advantage Fund shows a decent overall performance with solid growth potential and a stable financial position, making it a viable investment option.
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U
Union Balanced Advantage Fund(IDCW)
Score 68/100 Decent
The fund shows decent potential with consistent growth and profitability metrics, but some risks in governance and execution should be monitored.
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B
Baroda BNP Paribas Gilt Fund(IDCW)
Score 68/100 Decent
The fund shows moderate potential but faces challenges in growth and profitability metrics.
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I
Invesco India PSU Equity Fund(IDCW)
Score 68/100 Decent
The fund shows decent potential but is hindered by several risks and average performance metrics.
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I
ICICI Pru Retirement Fund-Pure Equity Plan(IDCW)
Score 48/100 Decent
The fund shows decent potential but carries some risks that investors should consider before investing.
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D
DSP Banking & Financial Services Fund(IDCW)
Score 68/100 Decent
The fund shows decent potential but faces challenges in profitability and valuation metrics.
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D
DSP Banking & Financial Services Fund(IDCW Reinvest)
Score 68/100 Decent
The fund has potential in a growing sector, but faces challenges in profitability and valuation, warranting cautious investment.
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I
Invesco India Ultra Short Duration Fund(DD-IDCW)
Score 48/100 Risky
The fund shows potential but faces significant risks and lacks strong growth drivers.
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I
Invesco India Ultra Short Duration Fund(Q-IDCW)
Score 48/100 Risky
The fund shows potential but is hindered by several risks and inconsistent performance metrics.
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I
Invesco India Ultra Short Duration Fund(M-IDCW)
Score 68/100 Decent
The fund shows decent potential with stable growth and profitability, but some governance concerns and execution risks should be monitored.
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I
Invesco India Ultra Short Duration Fund(A-IDCW)
Score 48/100 Decent
The fund shows moderate potential but carries risks that may affect future performance.
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T
Tata India Pharma & Healthcare Fund(IDCW-Payout)
Score 48/100 Decent
The fund shows potential in a growing sector but faces challenges in profitability and valuation metrics. Caution is advised.
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T
Tata India Pharma & Healthcare Fund(IDCW)
Score 68/100 Decent
The fund shows decent potential with consistent growth and profitability, but some risks in governance and execution need to be monitored.
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U
UTI Banking and Financial Services Fund(IDCW)
Score 66/100 Decent
The UTI Banking and Financial Services Fund shows decent potential but faces challenges in profitability and valuation metrics. Investors should proceed with caution.
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M
Mirae Asset Overnight Fund(M-IDCW)
Score 68/100 Decent
The fund shows decent potential but is facing challenges in profitability and growth drivers.
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M
Mirae Asset Overnight Fund(W-IDCW)
Score 68/100 Decent
The fund shows a decent performance with stable growth and a solid balance sheet, making it a reasonable investment option.
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Business Overview

The Bank of India ELSS Tax Saver (IDCW) is an equity-linked savings scheme designed to help investors save on taxes while growing their wealth. Ideal for individuals looking to invest for the long term and avail of tax benefits under Section 80C, this fund offers a balanced approach to equity investment. It matters as it not only aids in tax planning but also has the potential for capital appreciation. With professional management and a focus on diversified equity investments, it provides a robust option for tax-conscious investors.

  • Tax benefits under Section 80C
  • Long-term wealth creation potential
  • Professionally managed equity fund
  • Diversified investment approach
  • Suitable for risk-tolerant investors
  • Encourages disciplined saving habits

Investment Thesis

Bank of India ELSS Tax Saver presents a compelling investment opportunity due to its strong promoter credibility, robust growth in digital services, and attractive valuation compared to peers. This makes it a favorable choice for retail investors seeking long-term capital appreciation and tax benefits.

  • Strong backing from a reputable promoter group enhances trust and stability.
  • Significant growth potential in digital banking services aligns with evolving consumer preferences.
  • Current valuation offers a competitive edge over peer funds, enhancing return prospects.
  • Focus on tax-saving investment makes it appealing for retail investors.
  • Consistent performance track record reinforces confidence in fund management.

Opportunity vs Risk

Opportunities
  • Tax benefits for investors
  • Potential for long-term capital growth
  • Diversification in equity investments
  • Strong banking sector recovery
  • Government support for public sector banks
Risks ⚠️
  • Market volatility affecting returns
  • Regulatory changes impacting operations
  • Credit risk from loan defaults
  • Economic slowdown risks
  • Interest rate fluctuations

Peer Perspective

Bank of India ELSS Tax Saver trades at a discount compared to peers like HDFC Tax Saver and Axis ELSS. A rerating could occur with improved margin stability and consistent growth in assets under management.

???? Future Outlook

Bank of India ELSS Tax Saver has the potential to deliver solid returns, provided the management maintains strong execution and cost control. A focus on prudent asset management will be key to navigating market volatility.

AI FAQs for Retail Users

  • Q: What is Bank of India ELSS Tax Saver (IDCW)?
    A: It is an Equity Linked Savings Scheme that offers tax benefits under Section 80C.
  • Q: How can I invest in this fund?
    A: You can invest through the Bank of India branch or their online investment platform.
  • Q: What are the tax benefits of investing in this fund?
    A: Investments up to ₹1.5 lakh are eligible for tax deductions under Section 80C.
  • Q: What is the lock-in period for this scheme?
    A: The lock-in period for ELSS funds is three years from the date of investment.
  • Q: What are the risks associated with this investment?
    A: Like all equity investments, it carries market risks and can fluctuate based on market conditions.
📊 Stock Investment Checklist (100 Points)
Bank of India ELSS Tax Saver(IDCW) • Updated: 2025-10-01 01:43:18
  • 10
    Business
    High
    The banking sector is evolving with digital transformation, but competition is intense.
  • 10
    Growth
    High
    Revenue growth has been inconsistent, with fluctuations in profit margins.
  • 10
    Profitability
    High
    ROE and ROCE are moderate, with cash flow showing some volatility.
  • 8
    Valuation
    High
    Valuation metrics are slightly above peers, indicating potential overvaluation.
  • 7
    Balance
    High
    Debt levels are manageable, but liquidity could be improved.
  • 6
    Governance
    Good
    Promoter holding is stable, but there are concerns about transparency.
  • 5
    Drivers
    Good
    Growth drivers are limited, with execution risks in digital initiatives.
  • 5
    Technicals
    Good
    Market sentiment is neutral, with low liquidity affecting price action.
Final Score & Verdict
Score 66 / 100 • Decent
While Bank of India ELSS Tax Saver shows potential in a growing sector, its inconsistent growth and moderate profitability metrics suggest caution for investors.