Bank of India Flexi Cap Fund Direct Growth
About the Fund
Bank of India Flexi Cap Fund Direct Growth is an equity fund. This fund was started on 29 June, 2020. The fund is managed by Alok Singh. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Flexi Cap Fund Direct Growth has ₹1467 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Bank of India Flexi Cap Fund Direct Growth has given a CAGR return of 38.93% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 65.01% and 27.21% respectively.
Holdings
Bank of India Flexi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Energy, Tech, Consumer Defensive, Utilities, Health, Real Estate, Communication, Government. Its top holdings are HDFC Bank Ltd, State Bank of India, Hindustan Aeronautics Ltd Ordinary Shares, Vedanta Ltd, Titagarh Rail Systems Ltd
Taxation
As it is a flexi cap 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 benefitDividends 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 Flexi Cap Fund Direct Growth
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity-related securities across various market capitalisation. However, there can be no assurance that the investment objectives of the Scheme will be realized.
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 Flexi Cap Fund Direct Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 0.59% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹1467 Cr |
| Inception Date | 29 June, 2020 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 44.03% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Losers | 1M Return |
|---|---|
 Indian Bank | 2% |
 State Bank of India | 3.8% |
 REC Ltd | 14.1% |
Bank of India Flexi Cap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1467 Cr
Expense Ratio 0.59%
Frequently Asked Questions
Bank of India Flexi Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.87% | 1.87% |
6 Month Returns | 27.77% | 27.77% |
1 Year Returns | 65.01% | 65.01% |
3 Years Returns | 105.83% | 27.21% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Flexi Cap Fund Direct Growth | 19.97 | 7.17 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Flexi Cap Fund Direct Growth | 1.01 | 0.99 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India Flexi Cap Fund Direct Growth | 3.47 | 1.41 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India Flexi Cap Fund Direct Growth | 13.47 | 14.75 | - |