Bank of India Large & Mid Cap Equity Fund Direct Plan Growth
Equity
Direct
Large & Mid- Cap
NAV: ₹ 72.5 as on 21-09-2023
Fund Performance
17 people have invested ₹ 3.6L in Bank of India Large & Mid Cap Equity Fund Direct Plan Growth in the last three months
Fund Insights
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 26.34% return, outperforming this fund by 11.72%.
In the last 3 years, HDFC Large and Mid Cap Fund Direct Growth has given 31.59% return, outperforming this fund by 8.22% per annum.
In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 18.96% return, outperforming this fund by 4.86% per annum.
INDmoney Rank
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Pros
Beats FD returns for both 3Y & 5Y duration
Cons
3Y returns in the bottom 25% of the category
About the Fund
Bank of India Large & Mid Cap Equity Fund Direct Plan 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 Plan Growth has ₹230 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 1.6.
Bank of India Large & Mid Cap Equity Fund Direct Plan Growth Overview
 | 1.56% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹230 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 89.45% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
44.1%
Mid cap
37.1%
Small cap
14.7%
Sector Allocation
Financial Services
30.1%
Industrial
20.4%
Consumer Cyclical
14.8%
Basic Materials
8.6%
Health
6.6%
Tech
6.3%
Utilities
4.6%
Real Estate
3.4%
Energy
2.8%
Consumer Defensive
2.4%
Top Holdings of Bank of India Large & Mid Cap Equity Fund Direct Plan Growth as on (31-Aug-23)
Equity Holdings55
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.43% | 6.5% | |
 ICICI Bank Ltd | 4.88% | 0% | |
 Larsen & Toubro Ltd | 4.84% | -4.2% | |
 Reliance Industries Ltd | 2.72% | 0% | |
 Axis Bank Ltd | 2.65% | 0% |
See all
Bank of India Large & Mid Cap Equity Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at 0.66% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund outperformed Nifty 500 by 1.41% in Aug'23
AUM Change
- AUM of the fund stands at 229.9 Cr as of Aug'23
- AUM decreased by 0.9 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Bank of India Large & Mid Cap Equity Fund Direct Plan Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Linde India Ltd | 25.6% |
 Cera Sanitaryware Ltd | 23.8% |
 ITD Cementation India Ltd | 16.5% |
Top Losers | 1M Return |
|---|---|
 Bank of Baroda | -6.9% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Bank of India Large & Mid Cap Equity Fund Direct Plan Growth Fund Manager
Nitin Gosar
Fund Manager of Bank of India Large & Mid Cap Equity Fund Direct Plan Growth, since 27 September 2022
Top funds managed
Fund 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 13.73% since inception which is less than its category average return of 15.88%
Fund Allocations
This fund has an allocation of 95.94% in Equity, 0.06% in Debt and 3.99% in Cash related instruments
AUM size ₹230 Cr
This fund has AUM of ₹230 Cr which is less than its category average of ₹ 5316 Cr
Expense Ratio 1.56%
This fund has an expense ratio of 1.56% which is more than its category average expense ratio of 1.43%
Frequently Asked Questions
The current NAV of Bank of India Large & Mid Cap Equity Fund Direct Plan Growth is ₹72.49 as on 21-Sep-2023.
Existing (Absolute + CAGR) as on 21-Sep-2023.
Bank of India Large & Mid Cap Equity Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.45% | 4.45% |
6 Month Returns | 21.89% | 21.89% |
1 Year Returns | 14.61% | 14.61% |
3 Years Returns | 87.79% | 23.37% |
5 Years Returns | 93.39% | 14.1% |
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1.56% as on August 2023
₹230 Cr as on August 2023
HDFC Bank Ltd(8.43%), ICICI Bank Ltd(4.88%), Larsen & Toubro Ltd(4.84%), Reliance Industries Ltd(2.72%), Axis Bank Ltd(2.65%) as on August 2023
Financial Services(28.91%), Industrial(19.56%), Consumer Cyclical(14.19%) as on August 2023
The alpha ratio for the Bank of India Large & Mid Cap Equity Fund Direct Plan 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 Plan Growth | 3.76 | 3.31 | -0.06 |
As on August 2023
The alpha for Bank of India Large & Mid Cap Equity Fund Direct Plan 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 Plan 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 Plan Growth | 0.79 | 0.88 | 0.96 |
As on August 2023
The Beta for Bank of India Large & Mid Cap Equity Fund Direct Plan 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 Plan 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 Plan Growth | 0.68 | 1.32 | 0.42 |
As on August 2023
The sharpe ratio for Bank of India Large & Mid Cap Equity Fund Direct Plan 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 Plan 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 Plan Growth | 9.84 | 13.54 | 19.58 |
As on August 2023
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 2.71 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.31 as on August 2023. 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 Plan Growth
The Exit load of Bank of India Large & Mid Cap Equity Fund Direct Plan Growth is 1%