Bank of India Bluechip Fund Direct Growth

Bank of India Bluechip Fund Direct Growth is an equity fund. This fund was started on 29 June, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. Bank of India Bluechip Fund Direct Growth has ₹201 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.9.
   

Bank of India Bluechip Fund Direct Growth has given a CAGR return of 14.21% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -0.06% and 21.75% respectively.

Bank of India Bluechip Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Utilities, Basic Materials, Tech, Consumer Cyclical, Health, Energy, Consumer Defensive, Government, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, State Bank of India, ICICI Bank Ltd, Reliance Industries Ltd, NTPC Green Energy Ltd

As it is a large-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to provide investors with the opportunities of long term capital appreciation by investing predominantly in equity and equity-related instruments of large cap companies. However, there can be no assurance that the income can be generated, regular or otherwise, or the Investment Objective of the scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Bluechip Fund Direct Growth has no lock in period.