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

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

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Equity
Direct
Large & Mid- Cap

NAV: ₹ 72.5 as on 21-09-2023

Fund Performance
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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

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In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 26.34% return, outperforming this fund by 11.72%.
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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.
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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.

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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

  1. 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.
  2. The fund has an expense ratio 1.6.

Bank of India Large & Mid Cap Equity Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
1.56%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹230 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
89.45%

Fund Distribution as on (31-Aug-23)

  • Equity 95.9%

  • Debt & Cash 4.1%

Size breakup

Large cap
44.1%
Mid cap
37.1%
Small cap
14.7%

Sector Allocation

Aug'23

Jul'23

Jun'23

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

  • Debt & Cash

Equity Holdings55
Debt Holdings1

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

Aug'23
Jul'23
Jun'23
Fund Returns
0.66%
4.23%
4.21%
Nifty 500
-0.74%
3.21%
4.25%
  • 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

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 229.9 Cr
₹ 230.8 Cr
₹ 220.8 Cr
  • 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

Bank of India Large & Mid Cap Equity Fund Direct Plan Growth Fund Manager

Nitin Gosar

Nitin Gosar

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

Fund 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 13.73% since inception which is less than its category average return of 15.88%
Fund Allocations

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

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%

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%