Bank of India Small Cap Fund Direct Growth

Bank of India Small Cap Fund Direct Growth is an equity fund. This fund was started on 19 December, 2018. The fund is managed by Nav Bhardwaj, Alok Singh. The fund could potentially beat inflation in the long-run.

1. Bank of India Small Cap Fund Direct Growth has ₹1937 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.5.
   

Bank of India Small Cap Fund Direct Growth has given a CAGR return of 27.55% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -3.19%, 22.11% and 31.79% respectively.

Bank of India Small Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Financial Services, Consumer Cyclical, Health, Tech, Consumer Defensive, Utilities, Corporate, Government, Communication, Energy. Its top holdings are Lloyds Metals & Energy Ltd, Quality Power Electrical Equipments Ltd, Acutaas Chemicals Ltd, CreditAccess Grameen Ltd Ordinary Shares, Eris Lifesciences Ltd Registered Shs

As it is a small-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 investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity-related securities of small cap companies. However, there can be no assurance that the investment objectives of the Scheme will be realized.

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