Bank of India ELSS Tax Saver
The fund maintains a defensive, large-cap tilt with over 31% concentrated in its top ten holdings, anchored by banking heavyweights and defensive sectors like power and aerospace. Recent portfolio reshuffling shows the manager rotating away from financial intermediaries and small-cap discretionary plays toward commodity-linked stocks like Vedanta subsidiaries and power generation assets, signaling conviction in inflation-resistant segments amid macro uncertainty. This shift, combined with modest month-on-month gains, suggests positioning for economic resilience rather than growth acceleration.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹190.2600 | -0.29% | — | — | — |
| Regular Growth | ₹161.7500 | -0.39% | +1.93% | +15.98% | +14.86% |
| Direct IDCW | ₹75.9800 | -0.30% | — | — | — |
| Regular IDCW | ₹31.1600 | -0.38% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Vedanta Aluminium Metal Limited ** | 2.27% |
| Malco Energy Limited ** | 0.49% |
| Vedanta Iron And Steel Limited ** | 0.10% |
| Talwandi Sabo Power Limited ** | 0.06% |
| TREPS | 1.23% |
| REPO | 1.04% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | State Bank of India INE062A01020 | 4.45% |
| 2 | Hindustan Aeronautics Limited INE066F01020 | 3.53% |
| 3 | Quality Power Electrical Eqp Ltd INE0SII01026 | 3.19% |
| 4 | Bharti Airtel Limited INE397D01024 | 3.16% |
| 5 | ICICI Bank Limited INE090A01021 | 3.02% |
| 6 | NTPC Limited INE733E01010 | 2.96% |
| 7 | Power Finance Corporation Limited INE134E01011 | 2.83% |
| 8 | HDFC Bank Limited INE040A01034 | 2.81% |
| 9 | Adani Ports and Special Economic Zone Limited INE742F01042 | 2.65% |
| 10 | Acutaas Chemicals Limited INE00FF01025 | 2.64% |
| 11 | UNO Minda Limited INE405E01023 | 2.62% |
| 12 | HEG Limited INE545A01024 | 2.46% |
| 13 | LG Electronics India Ltd INE324D01010 | 2.46% |
| 14 | Reliance Industries Limited INE002A01018 | 2.30% |
| 15 | Vedanta Aluminium Metal Limited ** INE1CDF01017 | 2.27% |
| 16 | Coromandel International Limited INE169A01031 | 2.22% |
| 17 | Tata Steel Limited INE081A01020 | 2.11% |
| 18 | Indian Bank INE562A01011 | 2.06% |
| 19 | Ambuja Cements Limited INE079A01024 | 1.96% |
| 20 | National Aluminium Company Limited INE139A01034 | 1.94% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bank of India ELSS Tax Saver hold?
Bank of India ELSS Tax Saver holds 60 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.35% of NAV.
What is the largest holding in Bank of India ELSS Tax Saver?
The largest position in Bank of India ELSS Tax Saver is State Bank of India, accounting for 4.45% of NAV in the Banks sector.
Is Bank of India ELSS Tax Saver a concentrated or diversified fund?
With a Gini coefficient of 0.324, Bank of India ELSS Tax Saver is well-diversified. The HHI concentration index is 21,118 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.35% of the portfolio.
What is the market cap allocation of Bank of India ELSS Tax Saver?
Based on SEBI's AMFI classification, Bank of India ELSS Tax Saver's equity portfolio is split as: Large Cap: 56.87%, Mid Cap: 13.58%, Small Cap: 21.58%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bank of India ELSS Tax Saver invest in most?
Bank of India ELSS Tax Saver has the highest allocation to Banks (16.70%), Electrical Equipment (5.95%), Auto Components (5.46%). The fund is invested across 35 sectors in total.
How actively managed is Bank of India ELSS Tax Saver compared to other ELSS - Tax Saver Fund funds?
Bank of India ELSS Tax Saver has an Active Share of 71.37%, classifying it as "Highly Differentiated" among 37 ELSS - Tax Saver Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Bank of India ELSS Tax Saver's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bank of India ELSS Tax Saver added 6 new stocks (including Vedanta Aluminium Metal Limited **) and exited 4 stocks (including Coforge Limited). Total holding count increased from 61 to 63 stocks.