Bank of India Large & Mid Cap Equity Fund Direct Growth

Bank of India Large & Mid Cap Equity Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Nitin Gosar. The fund could potentially beat inflation in the long-run.

1. Bank of India Large & Mid Cap Equity Fund Direct Growth has ₹399 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 1.1.
   

Bank of India Large & Mid Cap Equity Fund Direct Growth has given a CAGR return of 14.72% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 1.89%, 23.85% and 24.50% respectively.

Bank of India Large & Mid Cap Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Consumer Cyclical, Industrial, Health, Tech, Energy, Communication, Consumer Defensive, Utilities, Government, Real Estate. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd, ICICI Lombard General Insurance Co Ltd, PB Fintech Ltd

As it is a large & mid-cap 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.

The Scheme seeks to generate income and long-term capital appreciation by investing through a diversified portfolio of predominantly large cap and mid cap equity and equity related securities including equity derivatives. The Scheme is in the nature of large and mid cap fund. The Scheme is not providing any assured or guaranteed returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Large & Mid Cap Equity Fund Direct Growth has no lock in period.