Bank of India Bluechip Fund Direct Growth
Equity
Direct
Large-Cap
NAV: ₹ 11.1 as on 01-06-2023
Fund Performance
11 people have invested ₹ 16.2K in Bank of India Bluechip Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 22.16% return, outperforming Bank of India Bluechip Fund Direct Growth by 9.07%
Bank of India Bluechip Fund Direct Growth expense ratio is slightly on the higher side within the category (large-cap). Its expense ratio is 1.42% which is higher than the category average expense ratio of 0.84%
Over the last 6 months, Bank of India Bluechip Fund Direct Growth has experienced a 15.5% drop in AUM moving from 135.58 Cr to 114.51 Cr
About the Fund
Bank of India Bluechip Fund Direct Growth is an equity fund. This fund was started on 29 June, 2021. The fund is managed by Dhruv Bhatia. The fund could potentially beat inflation in the long-run.
Key parameters
1) Bank of India Bluechip Fund Direct Growth has a NAV of ₹11.14 as on 01-06-2023.
2) Bank of India Bluechip Fund Direct Growth has ₹115 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
3) The fund has an expense ratio 1.42 %.
Bank of India Bluechip Fund Direct Growth Overview
 | 1.42% |
 Benchmark | S&P BSE 100 India TR INR |
 | ₹115 Cr |
 | 29 June, 2021 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 29.82% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
92%
Small cap
3.2%
Mid cap
1.1%
Sector Allocation
Financial Services
39.9%
Consumer Cyclical
11%
Industrial
10%
Tech
9%
Health
6.4%
Energy
6.3%
Utilities
5.7%
Consumer Defensive
4.7%
Basic Materials
3.6%
Communication
1.8%
Real Estate
1.6%
Top Holdings of Bank of India Bluechip Fund Direct Growth as on (31-May-23)
Equity Holdings38
Bank of India Bluechip Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.68% whereas the fund’s underlying benchmark Nifty 100 returns stands at -0.30% as on Apr'23
- This fund outperformed Nifty 100 by 0.98% in Apr'23
AUM Change
- AUM of the fund stands at 114.5 Cr as of Apr'23
- AUM increased by 2.9 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in Bank of India Bluechip Fund Direct Growth portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 ITC Ltd | 12.3% |
 State Bank of India | 9.8% |
 HDFC Bank Ltd | 4.8% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -11.2% |
Kaynes Technology India Ltd | -5% |
 NTPC Ltd | -3.3% |
Peer Analysis
Bank of India Bluechip Fund Direct Growth Fund Manager
Dhruv Bhatia
Fund Manager of Bank of India Bluechip Fund Direct Growth, since 20 January 2022
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 5.78% since inception which is less than its category average return of 11.66%
Fund Allocations
This fund has an allocation of 96.26% in Equity, 0.29% in Debt and 3.45% in Cash related instruments
AUM size ₹115 Cr
This fund has AUM of ₹115 Cr which is less than its category average of ₹ 4841 Cr
Expense Ratio 1.42%
This fund has an expense ratio of 1.42% which is more than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Bank of India Bluechip Fund Direct Growth is ₹11.14 as on 01-Jun-2023.
Existing (Absolute + CAGR) as on 01-Jun-2023.
Bank of India Bluechip Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.96% | 2.96% |
6 Month Returns | -1.68% | -1.68% |
1 Year Returns | 13.1% | 13.1% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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1.42% as on May 2023
₹115 Cr as on May 2023
HDFC Bank Ltd(9.58%), ICICI Bank Ltd(8.73%), State Bank of India(4.7%), Larsen & Toubro Ltd(4.63%), Reliance Industries Ltd(4.33%) as on May 2023
Financial Services(38.45%), Consumer Cyclical(10.63%), Industrial(9.6%) as on May 2023
The alpha ratio for the Bank of India Bluechip Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Bluechip Fund Direct Growth | 1.77 | - | - |
As on May 2023
The alpha for Bank of India Bluechip Fund Direct Growth is calculated against S&P BSE 100 India 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%.
The Beta ratio for the Bank of India Bluechip Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Bluechip Fund Direct Growth | 0.96 | - | - |
As on May 2023
The Beta for Bank of India Bluechip Fund Direct Growth is calculated with S&P BSE 100 India 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.
The sharpe ratio for the Bank of India Bluechip 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 Bluechip Fund Direct Growth | -0.01 | - | - |
As on May 2023
The sharpe ratio for Bank of India Bluechip Fund Direct Growth is calculated with S&P BSE 100 India 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.
The standard deviation for the Bank of India Bluechip 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 Bluechip Fund Direct Growth | 16.14 | - | - |
As on May 2023
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.
Dhruv Bhatia is the fund manager of Bank of India Bluechip Fund Direct Growth
The Exit load of Bank of India Bluechip Fund Direct Growth is 1%