Bank of India Business Cycle Fund Direct Growth

Bank of India Business Cycle Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 07-10-2024

₹ 9.94

-1.2%

1D

Inception Returns

-1.6%

/yr

About the Fund

Bank of India Business Cycle Fund Direct Growth is an equity fund. This fund was started on 30 August, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bank of India Business Cycle Fund Direct Growth has ₹563 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 1.3.

Returns

Bank of India Business Cycle Fund Direct Growth has given a CAGR return of -1.60% since inception.

Holdings

Bank of India Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Bank of India Business Cycle Fund Direct Growth

The Investment objective of the Scheme is to generate longterm capital appreciation by investing predominantly in equity and equity related securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
221 people have invested ₹ 66L in Bank of India Business Cycle Fund Direct Growth in the last three months

Fund Overview

Expense ratio1.28%
Benchmark
IISL Nifty 500 TR INR
AUM₹563 Cr
Inception Date30 August, 2024
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (07-Oct-24)

Period
Bank of India Business Cycle Fund Direct Growth
Nifty 500
equity - other
1M
-1.7%
0.1%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

Sector Allocation

Aug'24

Jul'24

Cash Equivalent
100%
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Fund House
Bank of India Investment Managers Private Limited
Total AUM
₹10.36K Cr
as on 31-Aug-2024
Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Phone
+912240479000
Website
service@boimf.in

Bank of India Business Cycle Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is less than its category average of ₹ 2363 Cr
Expense Ratio 1.28%

Expense Ratio 1.28%

This fund has an expense ratio of 1.28% which is more than its category average expense ratio of 1.23%

Frequently Asked Questions

The current NAV of Bank of India Business Cycle Fund Direct Growth is ₹9.94 as on 07-Oct-2024.
Existing (Absolute + CAGR) as on 07-Oct-2024.
Bank of India Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.7%
-1.7%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
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).
  • Select your bank account and proceed with Payment.
1.28% as on September 2024
₹563 Cr as on September 2024
The alpha ratio for the Bank of India Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India Business Cycle Fund Direct Growth
-
-
-
As on September 2024
The alpha for Bank of India Business Cycle Fund Direct Growth is calculated against IISL Nifty 500 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 Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India Business Cycle Fund Direct Growth
-
-
-
As on September 2024
The Beta for Bank of India Business Cycle Fund Direct Growth is calculated with IISL Nifty 500 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 Business Cycle 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 Business Cycle Fund Direct Growth
-
-
-
As on September 2024
The sharpe ratio for Bank of India Business Cycle Fund Direct Growth is calculated with IISL Nifty 500 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 Business Cycle 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 Business Cycle Fund Direct Growth
-
-
-
As on September 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.
The Exit load of Bank of India Business Cycle Fund Direct Growth is 1%