Bank of India ELSS Tax Fund is one of the best ELSS Funds on the basis of historical returns. As of Oct 2023, its 10 year returns were 18% p.a. But despite giving stellar returns, not many investors have discovered this fund. The AUM of this scheme stands at just Rs. 951 crore.
These facts about the fund made us curious, so we decided to analyse the performance of this scheme and evaluate if it’s a hidden gem or if the outperformance is temporary. So, in this article, we will evaluate the returns of the scheme, its investment style, and the risks associated with it. Let’s start by looking at the returns of the scheme.
