Bank of India Large & Mid Cap Equity Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 14-01-2025
₹ 94.1
1D
Inception Returns
14.3%
/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 ₹367 Cr worth of assets under management (AUM) as on Nov 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 14.34% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.02%, 12.79% and 18.83% 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, Communication, Utilities, Consumer Defensive, Real Estate. Its top holdings are HDFC Bank Ltd, Tata Consultancy Services Ltd, State Bank of India, Larsen & Toubro Ltd, 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
Absolute
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48 people have invested ₹ 2.9L 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
5Y returns in the bottom 25% of the category
Bank of India Large & Mid Cap Equity Fund Direct Growth Overview
| Expense ratio | 1.17% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹367 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 134.4% |
| STCG | Selling mutual fund 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 (14-Jan-25)
Fund Distribution
as on (30-Nov-24)
Large cap
42.3%
Mid cap
36.8%
Small cap
17.3%
Sector Allocation
Financial Services
30.4%
Basic Materials
13.9%
Consumer Cyclical
11.7%
Tech
10.9%
Industrial
8.8%
Health
8.1%
Energy
5.4%
Communication
3.7%
Consumer Defensive
3.5%
Utilities
2.3%
Real Estate
1.4%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 1.28% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -0.60% as on Nov'24
- This fund outperformed NIFTY 500 by 1.88% in Nov'24
- AUM of the fund stands at 374.5 Cr as of Nov'24
- AUM increased by 9.7 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Manorama Industries Ltd's allocation increased from 1.89% to 2.2%
Coforge Ltd's allocation increased from 0.78% to 1.08%
Zaggle Prepaid Ocean Services Ltd's allocation increased from 1.51% to 1.73%
Top Stocks sold last month
State Bank of India's allocation decreased from 3.86 % to 3.85 %
Indus Towers Ltd Ordinary Shares's allocation decreased from 3.17 % to 3.17 %
Reliance Industries Ltd's allocation decreased from 3.17 % to 3 %
Small Cap allocation has gone down from 17.5% to 16.8%
Mid Cap allocation has gone up from 36% to 36.6%
Large Cap allocation has gone down from 42.3% to 41.8%
Cash allocation has gone down from 3.4% to 3.2%
Top 3 Sectors in November were Financial Services, Basic Materials & Consumer Cyclical
Nov'24
Financial Services
30%
Basic Materials
14%
Consumer Cyclical
12%
Oct'24
Financial Services
29%
Basic Materials
14%
Consumer Cyclical
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Oberoi Realty Ltd | 0.5% |
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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
₹11.16K Cr
as on 29-Nov-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
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 1.2%.
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 28.55% return, outperforming this fund by 19.53%.
In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 26.01% return, outperforming this fund by 7.18% per annum.
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 22.67% return, outperforming this fund by 9.89% per annum.
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 14.34% since inception which is less than its category average return of 14.94%
Fund Allocations
This fund has an allocation of 97.89% in Equity, 0% in Debt and 2.11% in Cash related instruments
AUM size ₹367 Cr
This fund has AUM of ₹367 Cr which is less than its category average of ₹ 7447 Cr
Expense Ratio 1.17%
This fund has an expense ratio of 1.17% which is less than its category average expense ratio of 1.37%
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 ₹94.1 as on 14-Jan-2025.
Existing (Absolute + CAGR) as on 14-Jan-2025.
Bank of India Large & Mid Cap Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -10.9% | -10.9% |
6 Month Returns | -9.89% | -9.89% |
1 Year Returns | 9.02% | 9.02% |
3 Years Returns | 43.47% | 12.79% |
5 Years Returns | 136.95% | 18.83% |
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1.17% as on December 2024
₹367 Cr as on December 2024
HDFC Bank Ltd(7.3%), Tata Consultancy Services Ltd(3.94%), State Bank of India(3.85%), Larsen & Toubro Ltd(3.7%), Indus Towers Ltd Ordinary Shares(3.17%) as on December 2024
Financial Services(30.08%), Basic Materials(13.92%), Consumer Cyclical(11.44%) as on December 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 | 2.88 | 1.84 | 2.92 |
As on December 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 | 0.98 | 0.98 | 0.92 |
As on December 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 | 0.86 | 0.74 | 0.84 |
As on December 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 | 12.18 | 13.99 | 18.16 |
As on December 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 1.33 as on December 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.44 as on December 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%