Bank of India Multi Cap Fund Direct Growth

Bank of India Multi Cap Fund Direct Growth

Equity

Direct

Multi-Cap

NAV as on 08-10-2024

₹ 18.26

-2.5%

1D

Inception Returns

44.3%

/yr

About the Fund

Bank of India Multi Cap Fund Direct Growth is an equity fund. This fund was started on 3 March, 2023. The fund is managed by Nitin Gosar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bank of India Multi Cap Fund Direct Growth has ₹697 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
  2. The fund has an expense ratio 1.3.

Returns

Bank of India Multi Cap Fund Direct Growth has given a CAGR return of 44.28% since inception. Over the last 1 year the fund has given a CAGR return of 41.50%.

Holdings

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

Taxation

As it is a multi-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 Multi Cap Fund Direct Growth

The objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related securities across market capitalizations. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.

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 Multi Cap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
175 people have invested ₹ 31.6L in Bank of India Multi Cap Fund Direct Growth in the last three months

Fund Overview

Expense ratio1.3%
Benchmark
S&P BSE 500 India TR INR
AUM₹697 Cr
Inception Date3 March, 2023
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
120.02%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (08-Oct-24)

Period
Bank of India Multi Cap Fund Direct Growth
Nifty 500
multi-cap
1M
-3.1%
0.1%
-1.7%
3M
0.6%
2.4%
1.5%
6M
14.3%
12.9%
15.3%
1Y
41.5%
36%
39.4%

Fund Distribution

as on (31-Aug-24)

  • Equity 97.7%

  • Debt & Cash 2.3%

Large cap
35.6%

Small cap
33.7%

Mid cap
28.4%

Sector Allocation

Aug'24

Jul'24

Jun'24

Financial Services
21.5%
Basic Materials
16.7%
Consumer Cyclical
11.6%
Tech
9.3%
Industrial
8.5%
Energy
8.3%
Health
7.8%
Communication
6.7%
Consumer Defensive
5.4%
Utilities
3.3%
Real Estate
0.8%
All changes are between Jun'24 and Aug'24
Aug'24
Jul'24
Jun'24
Fund Returns
2.78%
4.44%
7.99%
Nifty 500
0.97%
3.53%
3.50%
  • This fund’s returns stands at 2.78% whereas the fund’s underlying benchmark Nifty 500 returns stands at 0.97% as on Aug'24
  • This fund outperformed Nifty 500 by 1.81% in Aug'24
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 654.3 Cr
₹ 654.3 Cr
₹ 598.2 Cr
  • AUM of the fund stands at 654.3 Cr as of Aug'24
  • AUM has remained same between Aug'24 and Jul'24
Top Stocks bought last month
Zaggle Prepaid Ocean Services Ltd's allocation increased from 0.74% to 1.73%
Zaggle Prepaid Ocean Services Ltd's allocation increased from 0.74% to 1.73%
Oil India Ltd's allocation increased from 2.1% to 2.99%
Oil India Ltd's allocation increased from 2.1% to 2.99%
Vijaya Diagnostic Centre Ltd's allocation increased from 0.95% to 1.73%
Vijaya Diagnostic Centre Ltd's allocation increased from 0.95% to 1.73%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 4.15 % to 3.91 %
Reliance Industries Ltd's allocation decreased from 4.15 % to 3.91 %
State Bank of India's allocation decreased from 3.05 % to 2.68 %
State Bank of India's allocation decreased from 3.05 % to 2.68 %
REC Ltd's allocation decreased from 2.87 % to 2.59 %
REC Ltd's allocation decreased from 2.87 % to 2.59 %
Small Cap allocation has gone up from 31.6% to 33.7%
Small Cap allocation has gone up from 31.6% to 33.7%
Mid Cap allocation has gone down from 32.9% to 28.4%
Mid Cap allocation has gone down from 32.9% to 28.4%
Large Cap allocation has gone up from 33.2% to 35.6%
Large Cap allocation has gone up from 33.2% to 35.6%
Cash allocation has gone up from 2.1% to 2.3%
Cash allocation has gone up from 2.1% to 2.3%
Debt allocation has gone down from 0% to 0%
Debt allocation has gone down from 0% to 0%

Top 3 Sectors in August were Financial Services, Basic Materials & Industrial

Aug'24
Financial Services
22%
Basic Materials
17%
Consumer Cyclical
12%
Jul'24
Financial Services
21%
Basic Materials
17%
Industrial
11%
Fund
Aug'24
Jul'24
Jun'24
No of Holdings
69
70
69
Top 5 Company Concentration
17.5%
17.1%
17.9%
Company having highest exposure
Indus Towers Ltd Ordinary Shares (4.5%)
Indus Towers Ltd Ordinary Shares (4.3%)
Reliance Industries Ltd (4.7%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
67.7%
69.2%
74.3%
Sector having highest exposure
Financial Services (21.5%)
Financial Services (21.2%)
Financial Services (19.7%)
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Nitin Gosar
Nitin Gosar
Fund Manager of Bank of India Multi Cap Fund Direct Growth, since 3 March 2023
Fund House
Bank of India Investment Managers Private Limited
Total AUM
₹10.36K Cr
as on 31-Aug-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

Bank of India Multi Cap 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 44.28% since inception which is more than its category average return of 16.9%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.71% in Equity, 0.01% in Debt and 2.27% in Cash related instruments
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is less than its category average of ₹ 3927 Cr
Expense Ratio 1.3%

Expense Ratio 1.3%

This fund has an expense ratio of 1.3% which is more than its category average expense ratio of 1.21%

Frequently Asked Questions

The current NAV of Bank of India Multi Cap Fund Direct Growth is ₹18.26 as on 08-Oct-2024.
Existing (Absolute + CAGR) as on 08-Oct-2024.
Bank of India Multi Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-3.07%
-3.07%
6 Month Returns
14.31%
14.31%
1 Year Returns
41.5%
41.5%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.3% as on September 2024
₹697 Cr as on September 2024
Indus Towers Ltd Ordinary Shares(4.47%), Reliance Industries Ltd(3.91%), Tata Consultancy Services Ltd(3.26%), Oil India Ltd(2.99%), HDFC Bank Ltd(2.89%) as on September 2024
Financial Services(21.05%), Basic Materials(16.27%), Consumer Cyclical(11.36%) as on September 2024
The alpha ratio for the Bank of India Multi Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India Multi Cap Fund Direct Growth
2.66
-
-
As on September 2024
The alpha for Bank of India Multi Cap Fund Direct 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 Multi Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India Multi Cap Fund Direct Growth
1
-
-
As on September 2024
The Beta for Bank of India Multi Cap Fund Direct 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 Multi Cap 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 Multi Cap Fund Direct Growth
2.61
-
-
As on September 2024
The sharpe ratio for Bank of India Multi Cap Fund Direct 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 Multi Cap 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 Multi Cap Fund Direct Growth
12.89
-
-
As on September 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.
Nitin Gosar is the fund manager of Bank of India Multi Cap Fund Direct Growth
The Exit load of Bank of India Multi Cap Fund Direct Growth is 1%