Bank of India Bluechip Fund Direct Growth
Equity
Direct
Large-Cap
NAV: ₹ 15.55 as on 16-04-2024
Fund Performance
128 people have invested ₹ 12L in Bank of India Bluechip Fund Direct Growth in the last three months
About the Bank of India Bluechip Fund Direct Growth
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
- Bank of India Bluechip Fund Direct Growth has ₹132 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.4.
Bank of India Bluechip Fund Direct Growth Overview
 | 1.35% |
 Benchmark | S&P BSE 100 India TR INR |
 | ₹132 Cr |
 | 29 June, 2021 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 54.51% |
Bank of India Bluechip Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
86%
Mid cap
5.1%
Small cap
3.3%
Sector Allocation
Financial Services
29.8%
Consumer Cyclical
13.7%
Industrial
9.3%
Basic Materials
9%
Health
8.6%
Tech
8.2%
Energy
7.7%
Consumer Defensive
7.2%
Utilities
5.2%
Real Estate
1.3%
Top Holdings of Bank of India Bluechip Fund Direct Growth as on (31-Mar-24)
Equity Holdings42
Bank of India Bluechip Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.10% whereas the fund’s underlying benchmark Nifty 100 returns stands at 0.26% as on Mar'24
- This fund outperformed Nifty 100 by 1.84% in Mar'24
AUM Change
- AUM of the fund stands at 132.4 Cr as of Mar'24
- AUM increased by 6.4 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Bank of India Bluechip Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Avenue Supermarts Ltd | 20.1% |
 Maruti Suzuki India Ltd | 7.7% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 HCL Technologies Ltd | -6.7% |
 Castrol India Ltd | 16.7% |
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
Bank of India Bluechip Fund Direct Growth 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 17.09% since inception which is more than its category average return of 13.36%
Fund Allocations
This fund has an allocation of 94.44% in Equity, 0.25% in Debt and 5.31% in Cash related instruments
AUM size ₹132 Cr
This fund has AUM of ₹132 Cr which is less than its category average of ₹ 6097 Cr
Expense Ratio 1.35%
This fund has an expense ratio of 1.35% which is more than its category average expense ratio of 1.32%
Frequently Asked Questions
The current NAV of Bank of India Bluechip Fund Direct Growth is ₹15.55 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Bank of India Bluechip Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.05% | 3.05% |
6 Month Returns | 24.2% | 24.2% |
1 Year Returns | 45.87% | 45.87% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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1.35% as on March 2024
₹132 Cr as on March 2024
HDFC Bank Ltd(6.56%), Reliance Industries Ltd(6.01%), NTPC Ltd(4.87%), Larsen & Toubro Ltd(4.55%), Sun Pharmaceuticals Industries Ltd(4.48%) as on March 2024
Financial Services(28.14%), Consumer Cyclical(12.94%), Industrial(8.8%) as on March 2024
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 | 11.63 | - | - |
As on March 2024
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 | 0.95 | - | - |
As on March 2024
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 | 3.19 | - | - |
As on March 2024
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 | 10.81 | - | - |
As on March 2024
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%