Question Description
Direction: Kindly read the passage carefully and answer the questions given below.As we near the end of the financial year, many of you would be scurrying to invest in tax saving instruments. Equity linked savings schemes (ELSS) or tax-saving mutual funds continue to be popular with investors, given the deduction it allows under section 80C and the minimum locking it entails, of just three years. In this regard, Bank of India Tax Advantage Fund (BOI Tax) may be a suitable addition to your portfolio if you have a medium risk appetite. The fund has been consistent in its performance and has a track record of nearly 14 years. BOI Tax has been a steady outperformer over the years and has delivered better returns than its benchmark – BSE 500TRI – as also several peers. The fund can also be held for periods longer than the mandatory three-year lock in, so that you reap better returns. Here’s why BOI Tax must be on your radar for tax-saving and portfolio building purposes. STEADY SHOW BOI Tax has been around since February 2009 and has improved its performance record over the past five seven years. When we take the three-year rolling returns for the fund from February 2013 to February 2023, the fund has delivered mean returns of 16.6 percent, good four percentage points higher than the BSE 500 TRI. This places it among the top few funds in the category. These returns are also higher than those of peers such as JM Tax Gain, Aditya Birla Sun Life Tax Relief ’96 and Kotak Tax Saver. Further, over the same 10-year period mentioned earlier and based on three year rolling returns, BOI Tax has outperformed its benchmark more than 86 per cent of the times, indicating a high level of consistency in returns. When a longer five-year rolling return period is considered over 201323, BOI Tax’s returns are still quite healthy at 15.8 percent. Lumpsum investments, say twice or thrice a year, can be considered in the fund. If the SIP route is taken, each instalment of your investment gets locked for three years.BOI Tax takes a mix of opportunistic and value styles of investing and has been reasonably successful in identifying the right sectors depending on the market environment. The fund was able to identify pharma and consumer nondurables early in 2020 and was able to ride the rally in those stocks in the immediate aftermath of Covid19. Subsequently, the scheme loaded up on software stocks as well, which had a great run till late 2021.Q.Which of the following is a valid justification for why Bank of India Tax Advantage Fund (BOI Tax) is a good investment choice for tax-saving and portfolio-building goals, as per the passage?a)BOI Tax routinely outperformed its benchmark and a number of rivals.b)The three-year lock-in period offered by BOI Tax is the shortest possible.c)BOI Tax has a track record spanning almost 14 years.d)Every choice listed above is accurate.Correct answer is option 'D'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Direction: Kindly read the passage carefully and answer the questions given below.As we near the end of the financial year, many of you would be scurrying to invest in tax saving instruments. Equity linked savings schemes (ELSS) or tax-saving mutual funds continue to be popular with investors, given the deduction it allows under section 80C and the minimum locking it entails, of just three years. In this regard, Bank of India Tax Advantage Fund (BOI Tax) may be a suitable addition to your portfolio if you have a medium risk appetite. The fund has been consistent in its performance and has a track record of nearly 14 years. BOI Tax has been a steady outperformer over the years and has delivered better returns than its benchmark – BSE 500TRI – as also several peers. The fund can also be held for periods longer than the mandatory three-year lock in, so that you reap better returns. Here’s why BOI Tax must be on your radar for tax-saving and portfolio building purposes. STEADY SHOW BOI Tax has been around since February 2009 and has improved its performance record over the past five seven years. When we take the three-year rolling returns for the fund from February 2013 to February 2023, the fund has delivered mean returns of 16.6 percent, good four percentage points higher than the BSE 500 TRI. This places it among the top few funds in the category. These returns are also higher than those of peers such as JM Tax Gain, Aditya Birla Sun Life Tax Relief ’96 and Kotak Tax Saver. Further, over the same 10-year period mentioned earlier and based on three year rolling returns, BOI Tax has outperformed its benchmark more than 86 per cent of the times, indicating a high level of consistency in returns. When a longer five-year rolling return period is considered over 201323, BOI Tax’s returns are still quite healthy at 15.8 percent. Lumpsum investments, say twice or thrice a year, can be considered in the fund. If the SIP route is taken, each instalment of your investment gets locked for three years.BOI Tax takes a mix of opportunistic and value styles of investing and has been reasonably successful in identifying the right sectors depending on the market environment. The fund was able to identify pharma and consumer nondurables early in 2020 and was able to ride the rally in those stocks in the immediate aftermath of Covid19. Subsequently, the scheme loaded up on software stocks as well, which had a great run till late 2021.Q.Which of the following is a valid justification for why Bank of India Tax Advantage Fund (BOI Tax) is a good investment choice for tax-saving and portfolio-building goals, as per the passage?a)BOI Tax routinely outperformed its benchmark and a number of rivals.b)The three-year lock-in period offered by BOI Tax is the shortest possible.c)BOI Tax has a track record spanning almost 14 years.d)Every choice listed above is accurate.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Kindly read the passage carefully and answer the questions given below.As we near the end of the financial year, many of you would be scurrying to invest in tax saving instruments. Equity linked savings schemes (ELSS) or tax-saving mutual funds continue to be popular with investors, given the deduction it allows under section 80C and the minimum locking it entails, of just three years. In this regard, Bank of India Tax Advantage Fund (BOI Tax) may be a suitable addition to your portfolio if you have a medium risk appetite. The fund has been consistent in its performance and has a track record of nearly 14 years. BOI Tax has been a steady outperformer over the years and has delivered better returns than its benchmark – BSE 500TRI – as also several peers. The fund can also be held for periods longer than the mandatory three-year lock in, so that you reap better returns. Here’s why BOI Tax must be on your radar for tax-saving and portfolio building purposes. STEADY SHOW BOI Tax has been around since February 2009 and has improved its performance record over the past five seven years. When we take the three-year rolling returns for the fund from February 2013 to February 2023, the fund has delivered mean returns of 16.6 percent, good four percentage points higher than the BSE 500 TRI. This places it among the top few funds in the category. These returns are also higher than those of peers such as JM Tax Gain, Aditya Birla Sun Life Tax Relief ’96 and Kotak Tax Saver. Further, over the same 10-year period mentioned earlier and based on three year rolling returns, BOI Tax has outperformed its benchmark more than 86 per cent of the times, indicating a high level of consistency in returns. When a longer five-year rolling return period is considered over 201323, BOI Tax’s returns are still quite healthy at 15.8 percent. Lumpsum investments, say twice or thrice a year, can be considered in the fund. If the SIP route is taken, each instalment of your investment gets locked for three years.BOI Tax takes a mix of opportunistic and value styles of investing and has been reasonably successful in identifying the right sectors depending on the market environment. The fund was able to identify pharma and consumer nondurables early in 2020 and was able to ride the rally in those stocks in the immediate aftermath of Covid19. Subsequently, the scheme loaded up on software stocks as well, which had a great run till late 2021.Q.Which of the following is a valid justification for why Bank of India Tax Advantage Fund (BOI Tax) is a good investment choice for tax-saving and portfolio-building goals, as per the passage?a)BOI Tax routinely outperformed its benchmark and a number of rivals.b)The three-year lock-in period offered by BOI Tax is the shortest possible.c)BOI Tax has a track record spanning almost 14 years.d)Every choice listed above is accurate.Correct answer is option 'D'. Can you explain this answer?.

Solutions for Direction: Kindly read the passage carefully and answer the questions given below.As we near the end of the financial year, many of you would be scurrying to invest in tax saving instruments. Equity linked savings schemes (ELSS) or tax-saving mutual funds continue to be popular with investors, given the deduction it allows under section 80C and the minimum locking it entails, of just three years. In this regard, Bank of India Tax Advantage Fund (BOI Tax) may be a suitable addition to your portfolio if you have a medium risk appetite. The fund has been consistent in its performance and has a track record of nearly 14 years. BOI Tax has been a steady outperformer over the years and has delivered better returns than its benchmark – BSE 500TRI – as also several peers. The fund can also be held for periods longer than the mandatory three-year lock in, so that you reap better returns. Here’s why BOI Tax must be on your radar for tax-saving and portfolio building purposes. STEADY SHOW BOI Tax has been around since February 2009 and has improved its performance record over the past five seven years. When we take the three-year rolling returns for the fund from February 2013 to February 2023, the fund has delivered mean returns of 16.6 percent, good four percentage points higher than the BSE 500 TRI. This places it among the top few funds in the category. These returns are also higher than those of peers such as JM Tax Gain, Aditya Birla Sun Life Tax Relief ’96 and Kotak Tax Saver. Further, over the same 10-year period mentioned earlier and based on three year rolling returns, BOI Tax has outperformed its benchmark more than 86 per cent of the times, indicating a high level of consistency in returns. When a longer five-year rolling return period is considered over 201323, BOI Tax’s returns are still quite healthy at 15.8 percent. Lumpsum investments, say twice or thrice a year, can be considered in the fund. If the SIP route is taken, each instalment of your investment gets locked for three years.BOI Tax takes a mix of opportunistic and value styles of investing and has been reasonably successful in identifying the right sectors depending on the market environment. The fund was able to identify pharma and consumer nondurables early in 2020 and was able to ride the rally in those stocks in the immediate aftermath of Covid19. Subsequently, the scheme loaded up on software stocks as well, which had a great run till late 2021.Q.Which of the following is a valid justification for why Bank of India Tax Advantage Fund (BOI Tax) is a good investment choice for tax-saving and portfolio-building goals, as per the passage?a)BOI Tax routinely outperformed its benchmark and a number of rivals.b)The three-year lock-in period offered by BOI Tax is the shortest possible.c)BOI Tax has a track record spanning almost 14 years.d)Every choice listed above is accurate.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Direction: Kindly read the passage carefully and answer the questions given below.As we near the end of the financial year, many of you would be scurrying to invest in tax saving instruments. Equity linked savings schemes (ELSS) or tax-saving mutual funds continue to be popular with investors, given the deduction it allows under section 80C and the minimum locking it entails, of just three years. In this regard, Bank of India Tax Advantage Fund (BOI Tax) may be a suitable addition to your portfolio if you have a medium risk appetite. The fund has been consistent in its performance and has a track record of nearly 14 years. BOI Tax has been a steady outperformer over the years and has delivered better returns than its benchmark – BSE 500TRI – as also several peers. The fund can also be held for periods longer than the mandatory three-year lock in, so that you reap better returns. Here’s why BOI Tax must be on your radar for tax-saving and portfolio building purposes. STEADY SHOW BOI Tax has been around since February 2009 and has improved its performance record over the past five seven years. When we take the three-year rolling returns for the fund from February 2013 to February 2023, the fund has delivered mean returns of 16.6 percent, good four percentage points higher than the BSE 500 TRI. This places it among the top few funds in the category. These returns are also higher than those of peers such as JM Tax Gain, Aditya Birla Sun Life Tax Relief ’96 and Kotak Tax Saver. Further, over the same 10-year period mentioned earlier and based on three year rolling returns, BOI Tax has outperformed its benchmark more than 86 per cent of the times, indicating a high level of consistency in returns. When a longer five-year rolling return period is considered over 201323, BOI Tax’s returns are still quite healthy at 15.8 percent. Lumpsum investments, say twice or thrice a year, can be considered in the fund. If the SIP route is taken, each instalment of your investment gets locked for three years.BOI Tax takes a mix of opportunistic and value styles of investing and has been reasonably successful in identifying the right sectors depending on the market environment. The fund was able to identify pharma and consumer nondurables early in 2020 and was able to ride the rally in those stocks in the immediate aftermath of Covid19. Subsequently, the scheme loaded up on software stocks as well, which had a great run till late 2021.Q.Which of the following is a valid justification for why Bank of India Tax Advantage Fund (BOI Tax) is a good investment choice for tax-saving and portfolio-building goals, as per the passage?a)BOI Tax routinely outperformed its benchmark and a number of rivals.b)The three-year lock-in period offered by BOI Tax is the shortest possible.c)BOI Tax has a track record spanning almost 14 years.d)Every choice listed above is accurate.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Kindly read the passage carefully and answer the questions given below.As we near the end of the financial year, many of you would be scurrying to invest in tax saving instruments. Equity linked savings schemes (ELSS) or tax-saving mutual funds continue to be popular with investors, given the deduction it allows under section 80C and the minimum locking it entails, of just three years. In this regard, Bank of India Tax Advantage Fund (BOI Tax) may be a suitable addition to your portfolio if you have a medium risk appetite. The fund has been consistent in its performance and has a track record of nearly 14 years. BOI Tax has been a steady outperformer over the years and has delivered better returns than its benchmark – BSE 500TRI – as also several peers. The fund can also be held for periods longer than the mandatory three-year lock in, so that you reap better returns. Here’s why BOI Tax must be on your radar for tax-saving and portfolio building purposes. STEADY SHOW BOI Tax has been around since February 2009 and has improved its performance record over the past five seven years. When we take the three-year rolling returns for the fund from February 2013 to February 2023, the fund has delivered mean returns of 16.6 percent, good four percentage points higher than the BSE 500 TRI. This places it among the top few funds in the category. These returns are also higher than those of peers such as JM Tax Gain, Aditya Birla Sun Life Tax Relief ’96 and Kotak Tax Saver. Further, over the same 10-year period mentioned earlier and based on three year rolling returns, BOI Tax has outperformed its benchmark more than 86 per cent of the times, indicating a high level of consistency in returns. When a longer five-year rolling return period is considered over 201323, BOI Tax’s returns are still quite healthy at 15.8 percent. Lumpsum investments, say twice or thrice a year, can be considered in the fund. If the SIP route is taken, each instalment of your investment gets locked for three years.BOI Tax takes a mix of opportunistic and value styles of investing and has been reasonably successful in identifying the right sectors depending on the market environment. The fund was able to identify pharma and consumer nondurables early in 2020 and was able to ride the rally in those stocks in the immediate aftermath of Covid19. Subsequently, the scheme loaded up on software stocks as well, which had a great run till late 2021.Q.Which of the following is a valid justification for why Bank of India Tax Advantage Fund (BOI Tax) is a good investment choice for tax-saving and portfolio-building goals, as per the passage?a)BOI Tax routinely outperformed its benchmark and a number of rivals.b)The three-year lock-in period offered by BOI Tax is the shortest possible.c)BOI Tax has a track record spanning almost 14 years.d)Every choice listed above is accurate.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Direction: Kindly read the passage carefully and answer the questions given below.As we near the end of the financial year, many of you would be scurrying to invest in tax saving instruments. Equity linked savings schemes (ELSS) or tax-saving mutual funds continue to be popular with investors, given the deduction it allows under section 80C and the minimum locking it entails, of just three years. In this regard, Bank of India Tax Advantage Fund (BOI Tax) may be a suitable addition to your portfolio if you have a medium risk appetite. The fund has been consistent in its performance and has a track record of nearly 14 years. BOI Tax has been a steady outperformer over the years and has delivered better returns than its benchmark – BSE 500TRI – as also several peers. The fund can also be held for periods longer than the mandatory three-year lock in, so that you reap better returns. Here’s why BOI Tax must be on your radar for tax-saving and portfolio building purposes. STEADY SHOW BOI Tax has been around since February 2009 and has improved its performance record over the past five seven years. When we take the three-year rolling returns for the fund from February 2013 to February 2023, the fund has delivered mean returns of 16.6 percent, good four percentage points higher than the BSE 500 TRI. This places it among the top few funds in the category. These returns are also higher than those of peers such as JM Tax Gain, Aditya Birla Sun Life Tax Relief ’96 and Kotak Tax Saver. Further, over the same 10-year period mentioned earlier and based on three year rolling returns, BOI Tax has outperformed its benchmark more than 86 per cent of the times, indicating a high level of consistency in returns. When a longer five-year rolling return period is considered over 201323, BOI Tax’s returns are still quite healthy at 15.8 percent. Lumpsum investments, say twice or thrice a year, can be considered in the fund. If the SIP route is taken, each instalment of your investment gets locked for three years.BOI Tax takes a mix of opportunistic and value styles of investing and has been reasonably successful in identifying the right sectors depending on the market environment. The fund was able to identify pharma and consumer nondurables early in 2020 and was able to ride the rally in those stocks in the immediate aftermath of Covid19. Subsequently, the scheme loaded up on software stocks as well, which had a great run till late 2021.Q.Which of the following is a valid justification for why Bank of India Tax Advantage Fund (BOI Tax) is a good investment choice for tax-saving and portfolio-building goals, as per the passage?a)BOI Tax routinely outperformed its benchmark and a number of rivals.b)The three-year lock-in period offered by BOI Tax is the shortest possible.c)BOI Tax has a track record spanning almost 14 years.d)Every choice listed above is accurate.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Direction: Kindly read the passage carefully and answer the questions given below.As we near the end of the financial year, many of you would be scurrying to invest in tax saving instruments. Equity linked savings schemes (ELSS) or tax-saving mutual funds continue to be popular with investors, given the deduction it allows under section 80C and the minimum locking it entails, of just three years. In this regard, Bank of India Tax Advantage Fund (BOI Tax) may be a suitable addition to your portfolio if you have a medium risk appetite. The fund has been consistent in its performance and has a track record of nearly 14 years. BOI Tax has been a steady outperformer over the years and has delivered better returns than its benchmark – BSE 500TRI – as also several peers. The fund can also be held for periods longer than the mandatory three-year lock in, so that you reap better returns. Here’s why BOI Tax must be on your radar for tax-saving and portfolio building purposes. STEADY SHOW BOI Tax has been around since February 2009 and has improved its performance record over the past five seven years. When we take the three-year rolling returns for the fund from February 2013 to February 2023, the fund has delivered mean returns of 16.6 percent, good four percentage points higher than the BSE 500 TRI. This places it among the top few funds in the category. These returns are also higher than those of peers such as JM Tax Gain, Aditya Birla Sun Life Tax Relief ’96 and Kotak Tax Saver. Further, over the same 10-year period mentioned earlier and based on three year rolling returns, BOI Tax has outperformed its benchmark more than 86 per cent of the times, indicating a high level of consistency in returns. When a longer five-year rolling return period is considered over 201323, BOI Tax’s returns are still quite healthy at 15.8 percent. Lumpsum investments, say twice or thrice a year, can be considered in the fund. If the SIP route is taken, each instalment of your investment gets locked for three years.BOI Tax takes a mix of opportunistic and value styles of investing and has been reasonably successful in identifying the right sectors depending on the market environment. The fund was able to identify pharma and consumer nondurables early in 2020 and was able to ride the rally in those stocks in the immediate aftermath of Covid19. Subsequently, the scheme loaded up on software stocks as well, which had a great run till late 2021.Q.Which of the following is a valid justification for why Bank of India Tax Advantage Fund (BOI Tax) is a good investment choice for tax-saving and portfolio-building goals, as per the passage?a)BOI Tax routinely outperformed its benchmark and a number of rivals.b)The three-year lock-in period offered by BOI Tax is the shortest possible.c)BOI Tax has a track record spanning almost 14 years.d)Every choice listed above is accurate.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Kindly read the passage carefully and answer the questions given below.As we near the end of the financial year, many of you would be scurrying to invest in tax saving instruments. Equity linked savings schemes (ELSS) or tax-saving mutual funds continue to be popular with investors, given the deduction it allows under section 80C and the minimum locking it entails, of just three years. In this regard, Bank of India Tax Advantage Fund (BOI Tax) may be a suitable addition to your portfolio if you have a medium risk appetite. The fund has been consistent in its performance and has a track record of nearly 14 years. BOI Tax has been a steady outperformer over the years and has delivered better returns than its benchmark – BSE 500TRI – as also several peers. The fund can also be held for periods longer than the mandatory three-year lock in, so that you reap better returns. Here’s why BOI Tax must be on your radar for tax-saving and portfolio building purposes. STEADY SHOW BOI Tax has been around since February 2009 and has improved its performance record over the past five seven years. When we take the three-year rolling returns for the fund from February 2013 to February 2023, the fund has delivered mean returns of 16.6 percent, good four percentage points higher than the BSE 500 TRI. This places it among the top few funds in the category. These returns are also higher than those of peers such as JM Tax Gain, Aditya Birla Sun Life Tax Relief ’96 and Kotak Tax Saver. Further, over the same 10-year period mentioned earlier and based on three year rolling returns, BOI Tax has outperformed its benchmark more than 86 per cent of the times, indicating a high level of consistency in returns. When a longer five-year rolling return period is considered over 201323, BOI Tax’s returns are still quite healthy at 15.8 percent. Lumpsum investments, say twice or thrice a year, can be considered in the fund. If the SIP route is taken, each instalment of your investment gets locked for three years.BOI Tax takes a mix of opportunistic and value styles of investing and has been reasonably successful in identifying the right sectors depending on the market environment. The fund was able to identify pharma and consumer nondurables early in 2020 and was able to ride the rally in those stocks in the immediate aftermath of Covid19. Subsequently, the scheme loaded up on software stocks as well, which had a great run till late 2021.Q.Which of the following is a valid justification for why Bank of India Tax Advantage Fund (BOI Tax) is a good investment choice for tax-saving and portfolio-building goals, as per the passage?a)BOI Tax routinely outperformed its benchmark and a number of rivals.b)The three-year lock-in period offered by BOI Tax is the shortest possible.c)BOI Tax has a track record spanning almost 14 years.d)Every choice listed above is accurate.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CLAT tests.