Bank of India Manufacturing & Infra Fund Direct Growth

Bank of India Manufacturing & Infra 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 Manufacturing & Infra Fund Direct Growth has ₹573 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

Bank of India Manufacturing & Infra Fund Direct Growth has given a CAGR return of 17.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 2.76%, 32.75% and 33.06% respectively.

Bank of India Manufacturing & Infra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Consumer Cyclical, Energy, Utilities, Health, Consumer Defensive, Communication, Real Estate, Tech, Government. Its top holdings are Larsen & Toubro Ltd, NTPC Ltd, Reliance Industries Ltd, Vedanta Ltd, Lloyds Metals & Energy Ltd

As it is a equity - infrastructure 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 long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies engaged in manufacturing and infrastructure related sectors. Further, there can be no assurance that the investment objectives of the scheme will be realized. 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 Manufacturing & Infra Fund Direct Growth has no lock in period.