Bank of India Flexi Cap Fund Direct Growth

Bank of India Flexi Cap Fund Direct Growth

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Equity
Direct
Flexi Cap
NAV: ₹ 31.7 as on 22-02-2024
Fund Performance
zero opening, trading, fund transfer fee
396 people have invested ₹ 69.2L in Bank of India Flexi Cap Fund Direct Growth in the last three months

INDmoney Rank of Bank of India Flexi Cap Fund Direct Growth

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Pros

3Y returns in the top 25% of the category

Cons

No bad points found for this fund.

About the Bank of India Flexi Cap Fund Direct Growth

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

  1. Bank of India Flexi Cap Fund Direct Growth has ₹630 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Bank of India Flexi Cap Fund Direct Growth Overview

Expense ratio
Expense ratio
0.94%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹630 Cr
Inception Date
Inception Date
29 June, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
44.03%

Bank of India Flexi Cap Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 83.2%

  • Debt & Cash 16.8%

Size breakup

Large cap
41.1%
Mid cap
25.5%
Small cap
16.6%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
30.3%
Industrial
14.5%
Basic Materials
12.5%
Energy
10.2%
Health
8.7%
Consumer Cyclical
7.8%
Utilities
6.1%
Tech
5%
Consumer Defensive
2.2%
Real Estate
1.8%
Communication
0.9%

Top Holdings of Bank of India Flexi Cap Fund Direct Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings68
Debt Holdings4

Bank of India Flexi Cap Fund Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
5.09%
7.15%
11.50%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at 5.09% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund outperformed Nifty 500 by 3.38% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 630.4 Cr
₹ 558.7 Cr
₹ 491.5 Cr
  • AUM of the fund stands at 630.4 Cr as of Jan'24
  • AUM increased by 71.7 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in Bank of India Flexi Cap Fund Direct Growth portfolio Returns for the month of Jan

Bank of India Flexi Cap Fund Direct Growth Fund Manager

Alok Singh
Alok Singh
Fund Manager of Bank of India Flexi Cap Fund Direct Growth, since 29 June 2020

Bank of India Flexi Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 36.96% since inception which is more than its category average return of 18.21%
Fund Allocations

Fund Allocations

This fund has an allocation of 83.16% in Equity, 2.97% in Debt and 13.88% in Cash related instruments
AUM size ₹630 Cr

AUM size ₹630 Cr

This fund has AUM of ₹630 Cr which is less than its category average of ₹ 7160 Cr
Expense Ratio 0.94%

Expense Ratio 0.94%

This fund has an expense ratio of 0.94% which is less than its category average expense ratio of 1.39%

Frequently Asked Questions

The current NAV of Bank of India Flexi Cap Fund Direct Growth is ₹31.67 as on 22-Feb-2024.
Existing (Absolute + CAGR) as on 22-Feb-2024.
Bank of India Flexi Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.9%
4.9%
6 Month Returns
34.23%
34.23%
1 Year Returns
55.81%
55.81%
3 Years Returns
111.48%
28.36%
5 Years Returns
0%
0%
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0.94% as on January 2024
₹630 Cr as on January 2024
Nippon India ETF Nifty PSU Bank BeES(4.22%), State Bank of India(3.96%), HDFC Bank Ltd(3.41%), Reliance Industries Ltd(3.17%), Hindustan Aeronautics Ltd Ordinary Shares(3.09%) as on January 2024
Financial Services(25.22%), Industrial(12.06%), Basic Materials(10.38%) as on January 2024
The alpha ratio for the Bank of India Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India Flexi Cap Fund Direct Growth
10.81
7.59
-
As on January 2024
The alpha for Bank of India Flexi Cap Fund Direct Growth is calculated against S&P BSE 500 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 Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India Flexi Cap Fund Direct Growth
1.11
0.99
-
As on January 2024
The Beta for Bank of India Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 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 Flexi Cap 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 Flexi Cap Fund Direct Growth
2.42
1.53
-
As on January 2024
The sharpe ratio for Bank of India Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 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 Flexi Cap 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 Flexi Cap Fund Direct Growth
15
15.14
-
As on January 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.
Sortino ratio is 3.21 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.35 as on January 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Alok Singh is the fund manager of Bank of India Flexi Cap Fund Direct Growth
The Exit load of Bank of India Flexi Cap Fund Direct Growth is 1%