Equity
Direct
Multi-Cap
NAV as on 08-10-2024
₹ 18.26
1D
Inception Returns
44.3%
/yr
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.
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%.
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
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 1.3% |
Benchmark | S&P BSE 500 India TR INR |
AUM | ₹697 Cr |
Inception Date | 3 March, 2023 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 120.02% |
STCG | Redeeming 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 |
as on (08-Oct-24)
as on (31-Aug-24)
Top 3 Sectors in August were Financial Services, Basic Materials & Industrial
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% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Multi Cap Fund Direct Growth | 2.66 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Multi Cap Fund Direct Growth | 1 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India Multi Cap Fund Direct Growth | 2.61 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India Multi Cap Fund Direct Growth | 12.89 | - | - |