Bank of India Flexi Cap Fund Direct Growth

Equity
Direct
Flexi Cap
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

  1. 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.
  2. The fund has an expense ratio 0.7.

Returns

Bank of India Flexi Cap Fund Direct Growth has given a CAGR return of 40.19% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 72.54% and 28.65% 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, Health, Utilities, Real Estate, Consumer Defensive, Government, Communication. Its top holdings are State Bank of India, Hindustan Aeronautics Ltd Ordinary Shares, Vedanta Ltd, Siemens Ltd, Castrol India 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 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 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.

Fund Performance
zero opening, trading, fund transfer fee
1693 people have invested ₹ 3.4Cr in Bank of India Flexi Cap Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
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3Y returns in the top 25% of the category
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No bad points found for this fund.

Fund Overview

Expense ratio0.7%
Benchmark
S&P BSE 500 India TR INR
AUM₹1467 Cr
Inception Date29 June, 2020
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1%
Lock InNo Lock-in
TurnOver
44.03%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 100%

Large cap
48.5%

Small cap
27.2%

Mid cap
24.3%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
23.6%
Industrial
21.5%
Basic Materials
14%
Consumer Cyclical
11.6%
Energy
7.3%
Tech
5.8%
Health
4.5%
Utilities
3.7%
Real Estate
3.2%
Consumer Defensive
3.1%
Communication
1.8%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

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 40.19% since inception which is more than its category average return of 21.91%
Fund Allocations

Fund Allocations

This fund has an allocation of 100% in Equity, 0.01% in Debt and -0.01% in Cash related instruments
AUM size ₹1467 Cr

AUM size ₹1467 Cr

This fund has AUM of ₹1467 Cr which is less than its category average of ₹ 8258 Cr
Expense Ratio 0.7%

Expense Ratio 0.7%

This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions

The current NAV of Bank of India Flexi Cap Fund Direct Growth is ₹39.08 as on 16-Jul-2024.
Existing (Absolute + CAGR) as on 16-Jul-2024.
Bank of India Flexi Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.21%
5.21%
6 Month Returns
30.36%
30.36%
1 Year Returns
72.54%
72.54%
3 Years Returns
112.93%
28.65%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.7% as on June 2024
₹1467 Cr as on June 2024
State Bank of India(4.52%), Hindustan Aeronautics Ltd Ordinary Shares(4.41%), Vedanta Ltd(3.81%), Siemens Ltd(2.74%), Castrol India Ltd(2.53%) as on June 2024
Financial Services(23.58%), Industrial(21.47%), Basic Materials(14.02%) as on June 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
19.97
7.17
-
As on June 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
1.01
0.99
-
As on June 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
3.47
1.41
-
As on June 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
13.47
14.75
-
As on June 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 2.85 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.24 as on June 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%