Bank of India Large & Mid Cap Equity Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 22-10-2024
₹ 99.03
1D
Inception Returns
15.6%
/yr
About Bank of India Large & Mid Cap Equity Fund Direct Growth
Bank of India Large & Mid Cap Equity Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Nitin Gosar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Large & Mid Cap Equity Fund Direct Growth has ₹378 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 1.2.
Returns
Bank of India Large & Mid Cap Equity Fund Direct Growth has given a CAGR return of 15.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 40.04%, 17.28% and 22.27% respectively.
Holdings
Bank of India Large & Mid Cap Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Consumer Cyclical, Tech, Industrial, Health, Energy, Consumer Defensive, Communication, Government, Utilities. Its top holdings are HDFC Bank Ltd, Tata Consultancy Services Ltd, Larsen & Toubro Ltd, State Bank of India, Indus Towers Ltd Ordinary Shares
Taxation
As it is a large & mid-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 Large & Mid Cap Equity Fund Direct Growth
The Scheme seeks to generate income and long-term capital appreciation by investing through a diversified portfolio of predominantly large cap and mid cap equity and equity related securities including equity derivatives. The Scheme is in the nature of large and mid cap fund. The Scheme is not providing any assured or guaranteed returns.
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 Large & Mid Cap Equity Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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55 people have invested ₹ 2.7L in Bank of India Large & Mid Cap Equity Fund Direct Growth in the last three months
INDmoney Rank for Bank of India Large & Mid Cap Equity Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Bank of India Large & Mid Cap Equity Fund Direct Growth Overview
| Expense ratio | 1.17% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹378 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 134.4% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Oct-24)
Fund Distribution
as on (30-Sep-24)
Large cap
46%
Mid cap
35.7%
Small cap
17.1%
Sector Allocation
Financial Services
28.3%
Basic Materials
13.9%
Consumer Cyclical
12.5%
Tech
11.9%
Industrial
9.2%
Health
6.9%
Energy
6.8%
Consumer Defensive
4.3%
Communication
3.6%
Utilities
2.6%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at -1.30% whereas the fund’s underlying benchmark NIFTY 500 returns stands at 2.04% as on Sep'24
- This fund underperformed NIFTY 500 by 3.34% in Sep'24
- AUM of the fund stands at 378.3 Cr as of Sep'24
- AUM decreased by 0.9 Cr between Sep'24 and Aug'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 6.1% to 6.97%
Senco Gold Ltd's allocation increased from 1.48% to 2.22%
Kotak Mahindra Bank Ltd's allocation increased from 1.75% to 2.32%
Top Stocks sold last month
Tata Consultancy Services Ltd's allocation decreased from 4.15 % to 3.9 %
Larsen & Toubro Ltd's allocation decreased from 3.64 % to 3.61 %
State Bank of India's allocation decreased from 3.69 % to 3.57 %
Large Cap allocation has gone down from 48% to 46%
Small Cap allocation has gone up from 14.6% to 17.1%
Mid Cap allocation has gone down from 35.8% to 35.7%
Debt allocation has gone up from 0% to 0%
Cash allocation has gone down from 1.6% to 1.2%
Top 3 Sectors in September were Financial Services, Basic Materials & Consumer Cyclical
Sep'24
Financial Services
28%
Basic Materials
14%
Consumer Cyclical
13%
Aug'24
Financial Services
29%
Basic Materials
12%
Consumer Cyclical
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Vedanta Ltd | 6.1% |
 Senco Gold Ltd | 3.7% |
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Nitin Gosar
Fund Manager of Bank of India Large & Mid Cap Equity Fund Direct Growth, since 27 September 2022
Top funds managed
Fund House
Bank of India Investment Managers Private Limited
Total Schemes
Total AUM
₹10.79K Cr
as on 30-Sep-2024
Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Phone
+912240479000
Website
service@boimf.in
Mutual Fund Insights
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 28.17% return, outperforming this fund by 10.88% per annum.
This fund expense ratio is slightly on the lower side within the category (large & mid-cap). Its expense ratio is 1.17% which is lower than the category average expense ratio of 1.19%.
In the last 5 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 29.6% return, outperforming this fund by 7.34% per annum.
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 63.67% return, outperforming this fund by 23.62%.
Bank of India Large & Mid Cap Equity Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.56% since inception which is less than its category average return of 17.67%
Fund Allocations
This fund has an allocation of 98.8% in Equity, 0.04% in Debt and 1.17% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 7513 Cr
Expense Ratio 1.17%
This fund has an expense ratio of 1.17% which is less than its category average expense ratio of 1.32%
Frequently Asked Questions for Bank of India Large & Mid Cap Equity Fund Direct Growth
The current NAV of Bank of India Large & Mid Cap Equity Fund Direct Growth is ₹99.03 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
Bank of India Large & Mid Cap Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.3% | -3.3% |
6 Month Returns | 13.74% | 13.74% |
1 Year Returns | 40.04% | 40.04% |
3 Years Returns | 61.33% | 17.28% |
5 Years Returns | 173.23% | 22.27% |
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1.17% as on September 2024
₹378 Cr as on September 2024
HDFC Bank Ltd(6.97%), Tata Consultancy Services Ltd(3.9%), Larsen & Toubro Ltd(3.61%), State Bank of India(3.57%), Indus Towers Ltd Ordinary Shares(3.53%) as on September 2024
Financial Services(27.94%), Basic Materials(13.71%), Consumer Cyclical(12.36%) as on September 2024
The alpha ratio for the Bank of India Large & Mid Cap Equity Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Large & Mid Cap Equity Fund Direct Growth | -0.24 | 2.06 | 2.66 |
As on September 2024
The alpha for Bank of India Large & Mid Cap Equity Fund Direct Growth is calculated against S&P BSE 200 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 Large & Mid Cap Equity Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Large & Mid Cap Equity Fund Direct Growth | 1.1 | 1 | 0.92 |
As on September 2024
The Beta for Bank of India Large & Mid Cap Equity Fund Direct Growth is calculated with S&P BSE 200 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 Large & Mid Cap Equity 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 Large & Mid Cap Equity Fund Direct Growth | 2.36 | 1 | 1 |
As on September 2024
The sharpe ratio for Bank of India Large & Mid Cap Equity Fund Direct Growth is calculated with S&P BSE 200 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 Large & Mid Cap Equity 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 Large & Mid Cap Equity Fund Direct Growth | 12.95 | 13.48 | 17.78 |
As on September 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 1.95 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.54 as on September 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Nitin Gosar is the fund manager of Bank of India Large & Mid Cap Equity Fund Direct Growth
The Exit load of Bank of India Large & Mid Cap Equity Fund Direct Growth is 1%