Bank of India Manufacturing & Infra Direct Plan Growth
Equity
Direct
Equity - Infrastructure
NAV: ₹ 59.14 as on 02-05-2024
About the Fund
Bank of India Manufacturing & Infra 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 Manufacturing & Infra Direct Plan Growth has ₹256 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.
Fund Performance
402 people have invested ₹ 33.8L in Bank of India Manufacturing & Infra Direct Plan Growth in the last three months
Overview
 | 0.97% |
 Benchmark | S&P BSE 500 India TR INR |
 | ₹256 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 73.09% |
Bank of India Manufacturing & Infra Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
43.9%
Small cap
28.9%
Mid cap
22.4%
Sector Allocation
Industrial
22.8%
Basic Materials
16.3%
Consumer Cyclical
15%
Energy
14.9%
Health
10%
Utilities
6.4%
Communication
5.5%
Consumer Defensive
4.7%
Real Estate
3%
Tech
1.3%
Top Holdings of Bank of India Manufacturing & Infra Direct Plan Growth as on (30-Apr-24)
Equity Holdings64
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Aegis Logistics Ltd | 59.4% |
 Tejas Networks Ltd | 51% |
 Indus Towers Ltd | 16.4% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.84% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.30% in Mar'24
AUM Change
- AUM of the fund stands at 255.8 Cr as of Mar'24
- AUM increased by 16.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, Quant Infrastructure Fund Growth Option Direct Plan has given 37.67% return, outperforming this fund by 8.66% per annum.
This fund has one of the lowest expense ratio in the category (equity - infrastructure). Its expense ratio is 0.97% which is lower than the category average expense ratio of 1.61%.
Over the last 3 months, this fund has experienced a 36.1% growth in AUM moving from 187.91 Cr to 255.83 Cr.
In the last 3 years, ICICI Prudential Infrastructure Fund Direct Plan Growth has given 42.49% return, outperforming this fund by 9.27% per annum.
In the last 1 year, HDFC Infrastructure Fund -Direct Plan - Growth Option has given 83.85% return, outperforming this fund by 18.95%.
INDmoney Rank
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IND ranking is not available for this fund.
Pros
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
Cons
3Y returns in the bottom 25% of the category
Peer Analysis
Fund Manager
Nitin Gosar
Fund Manager of Bank of India Manufacturing & Infra Direct Plan Growth, since 27 September 2022
Top funds managed
Bank of India Manufacturing & Infra Direct Plan 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 18.66% since inception which is more than its category average return of 14.16%
Fund Allocations
This fund has an allocation of 95.13% in Equity, 0.04% in Debt and 4.83% in Cash related instruments
AUM size ₹256 Cr
This fund has AUM of ₹256 Cr which is less than its category average of ₹ 1362 Cr
Expense Ratio 0.97%
This fund has an expense ratio of 0.97% which is less than its category average expense ratio of 1.76%
Frequently Asked Questions
The current NAV of Bank of India Manufacturing & Infra Direct Plan Growth is ₹59.14 as on 02-May-2024.
Existing (Absolute + CAGR) as on 02-May-2024.
Bank of India Manufacturing & Infra Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.51% | 7.51% |
6 Month Returns | 37.75% | 37.75% |
1 Year Returns | 64.9% | 64.9% |
3 Years Returns | 136.47% | 33.23% |
5 Years Returns | 257.36% | 29.01% |
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0.97% as on April 2024
₹256 Cr as on April 2024
Reliance Industries Ltd(8.03%), Larsen & Toubro Ltd(7.39%), NTPC Ltd(4.86%), Hero MotoCorp Ltd(4.08%), Indus Towers Ltd Ordinary Shares(3.14%) as on April 2024
Industrial(21.67%), Basic Materials(15.53%), Consumer Cyclical(14.28%) as on April 2024
The alpha ratio for the Bank of India Manufacturing & Infra Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Manufacturing & Infra Direct Plan Growth | - | - | - |
As on April 2024
The alpha for Bank of India Manufacturing & Infra Direct Plan Growth is calculated against S&P BSE 500 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 Manufacturing & Infra Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Manufacturing & Infra Direct Plan Growth | - | - | - |
As on April 2024
The Beta for Bank of India Manufacturing & Infra Direct Plan Growth is calculated with S&P BSE 500 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 Manufacturing & Infra 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 Manufacturing & Infra Direct Plan Growth | - | - | - |
As on April 2024
The sharpe ratio for Bank of India Manufacturing & Infra Direct Plan Growth is calculated with S&P BSE 500 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 Manufacturing & Infra 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 Manufacturing & Infra Direct Plan Growth | 11.35 | 13.94 | 19.13 |
As on April 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.
Information ratio is 1.85 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Nitin Gosar is the fund manager of Bank of India Manufacturing & Infra Direct Plan Growth
The Exit load of Bank of India Manufacturing & Infra Direct Plan Growth is 1%