Bank of India Small Cap Fund Direct Growth

Bank of India Small Cap Fund Direct Growth

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Equity
Direct
Small-Cap
NAV: ₹ 47.83 as on 10-06-2024

About the Fund

Bank of India Small Cap Fund Direct Growth is an equity fund. This fund was started on 19 December, 2018. The fund is managed by Dhruv Bhatia. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bank of India Small Cap Fund Direct Growth has ₹1080 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Bank of India Small Cap Fund Direct Growth has given a CAGR return of 33.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 51.70%, 27.66% and 34.92% respectively.

Holdings

Bank of India Small Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Financial Services, Basic Materials, Health, Consumer Defensive, Tech, Energy, Communication, Real Estate, Government, Utilities. Its top holdings are Vijaya Diagnostic Centre Ltd, Arvind Ltd, Castrol India Ltd, Avenue Supermarts Ltd, KSB Ltd

Taxation

As it is a small-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 Small Cap Fund Direct Growth

The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity-related securities of small cap companies. However, there can be no assurance that the investment objectives of the Scheme will be realized.

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 Small Cap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
4104 people have invested ₹ 2.5Cr in Bank of India Small Cap Fund Direct Growth in the last three months

INDmoney Rank

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Pros

5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

Overview

Expense ratio
Expense ratio
0.63%
Benchmark
Benchmark
S&P BSE Smallcap TR INR
AUM
AUM
₹1080 Cr
Inception Date
Inception Date
19 December, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
44.27%

Bank of India Small Cap Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 96.3%

  • Debt & Cash 3.7%

Size breakup

Small cap
76.4%
Mid cap
13.6%
Large cap
6.3%
Sector Allocation

Apr'24

Mar'24

Feb'24

Industrial
22.7%
Financial Services
17%
Consumer Cyclical
15.9%
Basic Materials
10.5%
Consumer Defensive
10%
Health
9.5%
Tech
6%
Energy
4.9%
Communication
1.9%
Real Estate
1%
Utilities
0.6%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
9.31%
0.00%
-2.39%
Nifty Smallcap 250
7.26%
-4.85%
-0.79%
  • This fund’s returns stands at 9.31% whereas the fund’s underlying benchmark Nifty Smallcap 250 returns stands at 7.26% as on Apr'24
  • This fund outperformed Nifty Smallcap 250 by 2.05% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1.1K Cr
₹ 939.7 Cr
₹ 919.6 Cr
  • AUM of the fund stands at 1.1K Cr as of Apr'24
  • AUM increased by 112.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Bank of India Small Cap Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings67

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 49.2% growth in AUM moving from 723.41 Cr to 1.07K Cr.
Insights icon
In the last 5 years, Quant Small Cap Fund Growth Option Direct Plan has given 42.81% return, outperforming this fund by 7.89% per annum.
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In the last 1 year, Bandhan Small Cap Fund Direct Growth has given 72.03% return, outperforming this fund by 20.34%.
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In the last 3 years, Quant Small Cap Fund Growth Option Direct Plan has given 34.99% return, outperforming this fund by 7.33% per annum.
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This fund has one of the lowest expense ratio in the category (small-cap). Its expense ratio is 0.63% which is lower than the category average expense ratio of 1.16%.

Fund Manager

Dhruv Bhatia
Dhruv Bhatia
Fund Manager of Bank of India Small Cap Fund Direct Growth, since 27 April 2022
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Bank of India Small Cap Fund Direct Growth
27.75%
25.27%

Bank of India Small 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 33.09% since inception which is more than its category average return of 20.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.29% in Equity, 0.01% in Debt and 3.7% in Cash related instruments
AUM size ₹1080 Cr

AUM size ₹1080 Cr

This fund has AUM of ₹1080 Cr which is less than its category average of ₹ 6825 Cr
Expense Ratio 0.63%

Expense Ratio 0.63%

This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.2%

Frequently Asked Questions

The current NAV of Bank of India Small Cap Fund Direct Growth is ₹47.83 as on 10-Jun-2024.
Existing (Absolute + CAGR) as on 10-Jun-2024.
Bank of India Small Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.21%
8.21%
6 Month Returns
18.04%
18.04%
1 Year Returns
51.7%
51.7%
3 Years Returns
108.05%
27.66%
5 Years Returns
347.01%
34.92%
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0.63% as on May 2024
₹1080 Cr as on May 2024
Vijaya Diagnostic Centre Ltd(3.01%), Arvind Ltd(2.59%), Castrol India Ltd(2.44%), Avenue Supermarts Ltd(2.33%), KSB Ltd(2.33%) as on May 2024
Industrial(29.73%), Consumer Cyclical(15.14%), Financial Services(11.22%) as on May 2024
The alpha ratio for the Bank of India Small Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India Small Cap Fund Direct Growth
7.14
5.17
10.35
As on May 2024
The alpha for Bank of India Small Cap Fund Direct Growth is calculated against S&P BSE Smallcap 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 Small Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India Small Cap Fund Direct Growth
0.65
0.76
0.76
As on May 2024
The Beta for Bank of India Small Cap Fund Direct Growth is calculated with S&P BSE Smallcap 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 Small 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 Small Cap Fund Direct Growth
2.69
1.35
1.24
As on May 2024
The sharpe ratio for Bank of India Small Cap Fund Direct Growth is calculated with S&P BSE Smallcap 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 Small 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 Small Cap Fund Direct Growth
12.7
14.72
21.1
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.
Sortino ratio is 2.77 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.17 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Dhruv Bhatia is the fund manager of Bank of India Small Cap Fund Direct Growth
The Exit load of Bank of India Small Cap Fund Direct Growth is 1%