Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl

Equity
Direct
Multi-Cap
Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl

About the Fund

Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl 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 Payout of Income Dist cum Cap Wdrl has ₹528 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 1.4.

Returns

Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl has given a CAGR return of 52.35% since inception. Over the last 1 year the fund has given a CAGR return of 51.31%.

Holdings

Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Industrial, Consumer Cyclical, Energy, Communication, Health, Tech, Utilities, Consumer Defensive, Real Estate, Government. Its top holdings are Reliance Industries Ltd, Larsen & Toubro Ltd, Hero MotoCorp Ltd, State Bank of India, Indus Towers Ltd Ordinary Shares

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 Payout of Income Dist cum Cap Wdrl

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 Payout of Income Dist cum Cap Wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
3 people have invested ₹ 3K in Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl in the last three months

Fund Overview

Expense ratio1.39%
Benchmark
S&P BSE 500 India TR INR
AUM₹528 Cr
Inception Date3 March, 2023
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1%
Lock InNo Lock-in
TurnOver
20.59%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 97.5%

  • Debt & Cash 2.5%

Large cap
33.5%

Mid cap
32.5%

Small cap
31.5%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
18.1%
Basic Materials
17%
Industrial
15.3%
Consumer Cyclical
12.8%
Energy
8.5%
Communication
8.2%
Health
6.5%
Tech
4.7%
Utilities
4.1%
Consumer Defensive
3%
Real Estate
1.9%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Nitin Gosar
Nitin Gosar
Fund Manager of Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl, since 3 March 2023

Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl 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 52.35% since inception which is more than its category average return of 17.44%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.53% in Equity, 0.02% in Debt and 2.45% in Cash related instruments
AUM size ₹528 Cr

AUM size ₹528 Cr

This fund has AUM of ₹528 Cr which is less than its category average of ₹ 3344 Cr
Expense Ratio 1.39%

Expense Ratio 1.39%

This fund has an expense ratio of 1.39% which is more than its category average expense ratio of 1.24%

Frequently Asked Questions

The current NAV of Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl is ₹17.31 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
5.68%
5.68%
6 Month Returns
23.64%
23.64%
1 Year Returns
51.31%
51.31%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.39% as on May 2024
₹528 Cr as on May 2024
Reliance Industries Ltd(4.37%), Larsen & Toubro Ltd(3.26%), Hero MotoCorp Ltd(3.22%), State Bank of India(3.21%), Indus Towers Ltd Ordinary Shares(2.75%) as on May 2024
Financial Services(17.65%), Basic Materials(16.57%), Industrial(14.91%) as on May 2024
The alpha ratio for the Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl
5.41
-
-
As on May 2024
The alpha for Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl 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 Payout of Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl
0.99
-
-
As on May 2024
The Beta for Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl 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 Payout of Income Dist cum Cap Wdrl 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 Payout of Income Dist cum Cap Wdrl
2.95
-
-
As on May 2024
The sharpe ratio for Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl 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 Payout of Income Dist cum Cap Wdrl 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 Payout of Income Dist cum Cap Wdrl
11.71
-
-
As on May 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 Payout of Income Dist cum Cap Wdrl
The Exit load of Bank of India Multi Cap Fund Direct Payout of Income Dist cum Cap Wdrl is 1%