Bank of India Conservative Hybrid Fund Direct Growth

Bank of India Conservative Hybrid Fund Direct Growth is a hybrid fund. This fund was started on 14 January, 2013. The fund is managed by Alok Singh. This fund gives you the benefit of diversification.

1. Bank of India Conservative Hybrid Fund Direct Growth has ₹73 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
2. The fund has an expense ratio 1.3.
   

Bank of India Conservative Hybrid Fund Direct Growth has given a CAGR return of 8.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.40%, 14.31% and 13.18% respectively.

Bank of India Conservative Hybrid Fund Direct Growth has allocated its funds majorly in Government, Corporate, Industrial, Cash Equivalent, Financial Services, Basic Materials, Consumer Cyclical, Energy, Tech, Consumer Defensive, Utilities, Real Estate, Communication.

As it is a conservative allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The Scheme seeks to generate regular income through investments in fixed income securities and also to generate long term capital appreciation by investing a portion in equity and equity related instruments. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.

Minimum investment for lump sum payment is INR 10000.00 and for SIP is INR 1000.00. Bank of India Conservative Hybrid Fund Direct Growth has no lock in period.