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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹189.5500 | +2.05% | — | — | — | — | — |
| Regular Growth | ₹161.1600 | +1.94% | +0.55% | -0.81% | +3.83% | +16.04% | +14.78% |
| Direct IDCW | ₹75.7000 | +2.05% | — | — | — | — | — |
| Regular IDCW | ₹31.0500 | +1.97% | — | — | — | — | — |
Portfolio Metrics(latest month)
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.