Bank of India Large & Mid Cap Equity Fund Direct Growth

Equity
Direct
Large & Mid-Cap
Bank of India Large & Mid Cap Equity Fund Direct Growth

About the Fund

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

  1. Bank of India Large & Mid Cap Equity Fund Direct Growth has ₹349 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.4.

Returns

Bank of India Large & Mid Cap Equity Fund Direct Growth has given a CAGR return of 15.92% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 45.35%, 20.71% and 23.80% respectively.

Holdings

Bank of India Large & Mid Cap Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Industrial, Consumer Cyclical, Energy, Communication, Health, Tech, Utilities, Consumer Defensive, Government, Real Estate. Its top holdings are Reliance Industries Ltd, HDFC Bank Ltd, State Bank of India, Indus Towers Ltd Ordinary Shares, Hero MotoCorp Ltd

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 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 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.

Fund Performance
zero opening, trading, fund transfer fee
34 people have invested ₹ 2.3L in Bank of India Large & Mid Cap Equity Fund Direct Growth in the last three months

INDmoney Rank

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Fund Overview

Expense ratio1.35%
Benchmark
S&P BSE 200 India TR INR
AUM₹349 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1%
Lock InNo Lock-in
TurnOver
89.45%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96.6%

  • Debt & Cash 3.4%

Large cap
44.9%

Mid cap
37.2%

Small cap
14.5%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
25.3%
Basic Materials
14.7%
Industrial
14.5%
Consumer Cyclical
11.6%
Energy
9.9%
Communication
6.9%
Health
5.8%
Tech
4%
Utilities
3.2%
Consumer Defensive
3.1%
Real Estate
1%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Nitin Gosar
Nitin Gosar
Fund Manager of Bank of India Large & Mid Cap Equity Fund Direct Growth, since 27 September 2022

Mutual Fund Insights

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In the last 1 year, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 62.9% return, outperforming this fund by 17.55%.
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In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 31.2% return, outperforming this fund by 10.49% per annum.
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In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 30.89% return, outperforming this fund by 7.08% per annum.
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Over the last 6 months, this fund has experienced a 28.4% growth in AUM moving from 271.47 Cr to 348.51 Cr.

Bank of India Large & Mid Cap Equity 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 15.92% since inception which is less than its category average return of 17.86%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.58% in Equity, 0.04% in Debt and 3.38% in Cash related instruments
AUM size ₹349 Cr

AUM size ₹349 Cr

This fund has AUM of ₹349 Cr which is less than its category average of ₹ 7161 Cr
Expense Ratio 1.35%

Expense Ratio 1.35%

This fund has an expense ratio of 1.35% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of Bank of India Large & Mid Cap Equity Fund Direct Growth is ₹101.5 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
Bank of India Large & Mid Cap Equity Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.59%
2.59%
6 Month Returns
20.52%
20.52%
1 Year Returns
45.35%
45.35%
3 Years Returns
75.88%
20.71%
5 Years Returns
190.83%
23.8%
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1.35% as on June 2024
₹349 Cr as on June 2024
Reliance Industries Ltd(6.15%), HDFC Bank Ltd(5.76%), State Bank of India(4.18%), Indus Towers Ltd Ordinary Shares(3.91%), Hero MotoCorp Ltd(3.82%) as on June 2024
Financial Services(24.42%), Basic Materials(14.21%), Industrial(14.03%) as on June 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
7.56
2.93
3.47
As on June 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
1.04
0.95
0.93
As on June 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
2.77
1.15
0.93
As on June 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
12.25
13.42
18.32
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 2.26 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.58 as on June 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%