Bank of India Credit Risk Fund Direct Growth
About the Fund
Bank of India Credit Risk Fund Direct Growth is a debt fund. This fund was started on 27 February, 2015. The fund is managed by Alok Singh. This fund is suitable to keep your money safe.
Key Parameters
- Bank of India Credit Risk Fund Direct Growth has ₹123 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 1.2.
Returns
Bank of India Credit Risk Fund Direct Growth has given a CAGR return of 1.77% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.54%, 39.65% and 10.59% respectively.
Holdings
Bank of India Credit Risk Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent. Its top holdings are Century Textiles And Industries Limited, Steel Authority Of India Limited, JSW Steel Limited, 360 One Prime Ltd. 9.22%, Gic Housing Finance Limited
Taxation
As it is a credit risk mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Bank of India Credit Risk Fund Direct Growth
The Scheme’s investment objective is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating. To achieve this objective, the Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. Bank of India Credit Risk Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 1.19% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹123 Cr |
| Inception Date | 27 February, 2015 |
| Min Lumpsum/SIP | --/-- |
Exit Load | 4% |
| Lock In | No Lock-in |
TurnOver | 107.5% |
| Risk |   Moderately High risk |
Fund Distributionas on (31-Dec-69)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Century Textiles And Industries Limited | 9.63% | 0% | |
Steel Authority Of India Limited | 9.34% | 0% | |
JSW Steel Limited | 8.15% | 0% | |
360 One Prime Ltd. 9.22% | 8.11% | 0% | |
Gic Housing Finance Limited | 8.1% | 0% |
Mutual Fund Insights
Bank of India Credit Risk Fund Direct Growth Highlights
Moderately High risk
About the fund
AUM size ₹123 Cr
Expense Ratio 1.19%
Frequently Asked Questions
Bank of India Credit Risk Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.29% | 0.29% |
6 Month Returns | 3.57% | 3.57% |
1 Year Returns | 6.54% | 6.54% |
3 Years Returns | 172.33% | 39.65% |
5 Years Returns | 65.45% | 10.59% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AA | 82.1 |
AAA | 17.9 |