Bank of India Business Cycle Fund Direct Growth

Bank of India Business Cycle Fund Direct Growth

Equity

BOI AXA Mutual Fund

Equity - Other

Get the latest NAV of Bank of India Business Cycle Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹9.04

▲1%1D

NAV as on 15 May 2025

-9.6%/per year

Since Inception

Absolute Gain%

▲▼

64 people have invested ₹ 4.1L in Bank of India Business Cycle Fund Direct Growth in the last three months

Bank of India Business Cycle Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (15-May-25)

The fund has underperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.

Period
This Fund
Nifty 500
Category Avg
1 Month
4.63%
7.09%
-
3 Months
9.98%
10.45%
-
6 Months
-7.76%
3.76%
-

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Bank of India Business Cycle Fund
-
534Cr
1.12%
-
-
-9.6%
ICICI Prudential India Opportunities Fund Direct Growth
1/39
27,197Cr
0.69%
15.99%
28.75%
23.22%
ICICI Prudential Business Cycle Fund Direct Growth
2/39
12,375Cr
0.74%
11.52%
26.39%
23.29%
Nippon India Power & Infra Fund Direct Growth
7/39
7,026Cr
1.03%
3.8%
34.43%
15.67%
See all

Bank of India Business Cycle Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
▲
▼

Bank of India Business Cycle Fund Asset Allocation

See fund asset allocation details as on (13-May-25)

Fund Distribution

as on (13-May-25)

Equity 98.6%

Debt & Cash 1.4%

Large cap
47.9%
Small cap
34.3%
Mid cap
15.3%
Mid Cap allocation has gone up from 14.5% to 15.3%
Mid Cap allocation has gone up from 14.5% to 15.3%
Large Cap allocation has gone up from 46.8% to 47.9%
Large Cap allocation has gone up from 46.8% to 47.9%
Small Cap allocation has gone down from 35.9% to 34.3%
Small Cap allocation has gone down from 35.9% to 34.3%
Cash allocation has gone down from 2.8% to 1.4%
Cash allocation has gone down from 2.8% to 1.4%
Debt allocation has gone down from 0% to 0%
Debt allocation has gone down from 0% to 0%

Bank of India Business Cycle Fund Sector Allocation

See fund sector allocation details as on (13-May-25)

Sector Allocation

Equity 98.6%

Debt & Cash 1.4%

Financial Services
32.6%
Consumer Cyclical
16.5%
Tech
11.8%
Industrial
9.2%
Basic Materials
7.4%
Utilities
6.8%
Communication
4.7%
Consumer Defensive
4%
Energy
3.5%
Health
2.4%
Real Estate
0.9%

Top 3 Sectors in April were Financial Services, Consumer Cyclical & Utilities

Apr'25

Financial Services

33%

Consumer Cyclical

17%

Utilities

13%

Mar'25

Financial Services

33%

Consumer Cyclical

19%

Utilities

13%

Bank of India Business Cycle Fund Holdings Details

as on (30-Apr-25)

Equity

Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
6.85%
0%
State Bank of India
6%
0%
ICICI Bank Ltd
4.2%
6.8%
REC Ltd
4.03%
0%
NTPC Ltd
3.75%
0%
See all
Top Stocks bought last month
Dixon Technologies (India) Ltd's allocation increased from 2.3% to 2.77%
Dixon Technologies (India) Ltd's allocation increased from 2.3% to 2.77%
Baazar Style Retail Ltd's allocation increased from 0.24% to 0.6%
Baazar Style Retail Ltd's allocation increased from 0.24% to 0.6%
ICICI Bank Ltd's allocation increased from 3.85% to 4.2%
ICICI Bank Ltd's allocation increased from 3.85% to 4.2%
Top Stocks sold last month
State Bank of India's allocation decreased from 6.08 % to 6 %
State Bank of India's allocation decreased from 6.08 % to 6 %
REC Ltd's allocation decreased from 4.27 % to 4.03 %
REC Ltd's allocation decreased from 4.27 % to 4.03 %
NTPC Ltd's allocation decreased from 3.92 % to 3.75 %
NTPC Ltd's allocation decreased from 3.92 % to 3.75 %

Bank of India Business Cycle Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio1.12%
Benchmark
Nifty 500 TR INR
AUM₹534 Cr
Inception Date30 August, 2024
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Bank of India Business Cycle Fund

Bank of India Business Cycle Fund Direct Growth is an equity fund. This fund was started on 30 August, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bank of India Business Cycle Fund Direct Growth has ₹534 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
  2. The fund has an expense ratio 1.1.

Returns

Bank of India Business Cycle Fund Direct Growth has given a CAGR return of -9.60% since inception.

Holdings

Bank of India Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Utilities, Industrial, Tech, Basic Materials, Communication, Health, Consumer Defensive, Real Estate, Energy, Government. Its top holdings are HDFC Bank Ltd, State Bank of India, ICICI Bank Ltd, REC Ltd, NTPC Ltd

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Bank of India Business Cycle Fund Direct Growth

The Investment objective of the Scheme is to generate longterm capital appreciation by investing predominantly in equity and equity related securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Business Cycle Fund Direct Growth has no lock in period.

Learn more about BOI AXA Mutual Fund
Parameters
Apr'25
Mar'25
Feb'25
AUM
₹ 533.9 Cr
₹ 515 Cr
₹ 472.2 Cr
  • AUM of the fund stands at 533.9 Cr as of Apr'25
  • AUM increased by 18.9 Cr between Apr'25 and Mar'25

Frequently Asked Questions for Bank of India Business Cycle Fund Direct Growth

What is the current NAV of Bank of India Business Cycle Fund Direct Growth?

The current NAV of Bank of India Business Cycle Fund Direct Growth is ₹9.04 as on 15-May-2025.

What are the average returns of Bank of India Business Cycle Fund Direct Growth?

Existing (Absolute + CAGR) as on 15-May-2025.
Bank of India Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.63%
4.63%
6 Month Returns
-7.76%
-7.76%
1 Year Returns
0%
0%
3 Years Returns
0%
0%

How do I invest in Bank of India Business Cycle Fund Direct Growth?

With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.

What is the expense ratio of Bank of India Business Cycle Fund Direct Growth?

1.12% as on April 2025

What is net assets under management (AUM) of Bank of India Business Cycle Fund Direct Growth?

₹534 Cr as on April 2025

What are the top 5 holdings of Bank of India Business Cycle Fund Direct Growth?

HDFC Bank Ltd(6.85%), State Bank of India(6%), ICICI Bank Ltd(4.2%), REC Ltd(4.03%), NTPC Ltd(3.75%) as on April 2025

What are the top 3 sectors that this Bank of India Business Cycle Fund Direct Growth has invested in?

Financial Services(32.35%), Consumer Cyclical(17.22%), Utilities(12.46%) as on April 2025

What is the alpha of Bank of India Business Cycle Fund Direct Growth?

The alpha ratio for the Bank of India Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India Business Cycle Fund Direct Growth
-
-
-
As on April 2025
The alpha for Bank of India Business Cycle Fund Direct Growth is calculated against Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.

What is the beta of Bank of India Business Cycle Fund Direct Growth??

The Beta ratio for the Bank of India Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India Business Cycle Fund Direct Growth
-
-
-
As on April 2025
The Beta for Bank of India Business Cycle Fund Direct Growth is calculated with Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.

What is the sharpe ratio of Bank of India Business Cycle Fund Direct Growth?

The sharpe ratio for the Bank of India Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Bank of India Business Cycle Fund Direct Growth
-
-
-
As on April 2025
The sharpe ratio for Bank of India Business Cycle Fund Direct Growth is calculated with Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.

What is the standard deviation of Bank of India Business Cycle Fund Direct Growth?

The standard deviation for the Bank of India Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Bank of India Business Cycle Fund Direct Growth
-
-
-
As on April 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.

What is the exit load of Bank of India Business Cycle Fund Direct Growth?

The Exit load of Bank of India Business Cycle Fund Direct Growth is 1%