Bank of India Credit Risk Fund Direct Growth
Debt
Direct
Credit Risk
NAV: ₹ 11.67 as on 18-04-2024
Fund Performance
Mutual Fund Insights
In the last 3 years, this fund has outperformed all funds in its category.
Over the last 6 months, this fund has experienced a 6.9% drop in AUM moving from 152.23 Cr to 141.75 Cr.
In the last 5 years, ICICI Prudential Credit Risk Fund Direct Plan Growth has given 8.18% return, outperforming this fund by 10.73% per annum.
In the last 1 year, DSP Credit Risk Fund Direct Plan Growth has given 16.07% return, outperforming this fund by 8.96%.
This fund has one of the lowest expense ratio in the category (credit risk). Its expense ratio is 1.15% which is lower than the category average expense ratio of 1.22%.
About the Bank of India Credit Risk Fund Direct Growth
Bank of India Credit Risk Fund Direct Growth is a debt fund. This fund was started on 27 February, 2015. The fund is managed by Alok Singh. This fund is suitable to keep your money safe.
Key Parameters
- Bank of India Credit Risk Fund Direct Growth has ₹142 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 1.2.
Bank of India Credit Risk Fund Direct Growth Overview
 | 1.15% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹142 Cr |
 | 27 February, 2015 |
 | --/-- |
 Exit Load | 4% |
 | No Lock-in |
 TurnOver | 107.5% |
Bank of India Credit Risk Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AA
76.4%
AAA
23.6%
Sector Allocation
Corporate
44.9%
Cash Equivalent
30.8%
Government
24.3%
Top Holdings of Bank of India Credit Risk Fund Direct Growth as on (31-Mar-24)
Equity Holdings1
Debt Holdings14
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Amanta Healthcare Limited | 0% | 0% |
Bank of India Credit Risk Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 141.8 Cr as of Mar'24
- AUM decreased by 0.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Bank of India Credit Risk Fund Direct Growth Fund Manager
Alok Singh
Fund Manager of Bank of India Credit Risk Fund Direct Growth, since 27 February 2015
Top funds managed
Bank of India Credit Risk Fund Direct Growth Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
About the fund
This fund has delivered an average annual returns of 1.7% since inception which is less than its category average return of 5.24%
AUM size ₹142 Cr
This fund has AUM of ₹142 Cr which is less than its category average of ₹ 1256 Cr
Expense Ratio 1.15%
This fund has an expense ratio of 1.15% which is more than its category average expense ratio of 1.15%
Frequently Asked Questions
The current NAV of Bank of India Credit Risk Fund Direct Growth is ₹11.67 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Bank of India Credit Risk Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.66% | 0.66% |
6 Month Returns | 4.03% | 4.03% |
1 Year Returns | 7.11% | 7.11% |
3 Years Returns | 178.99% | 40.78% |
5 Years Returns | -12.14% | -2.55% |
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.
1.15% as on March 2024
₹142 Cr as on March 2024
Godrej Industries Limited(10.45%), Steel Authority Of India Limited(9.91%), Century Textiles And Industries Limited(8.37%), Punjab National Bank(7.29%), TATA Motors Limited(7.07%) as on March 2024
Corporate(44.92%), Cash Equivalent(30.79%), Government(24.29%) as on March 2024
Yield to Maturity is 6.95 as on March 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.62 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AA | 76.43 |
AAA | 23.57 |
Alok Singh is the fund manager of Bank of India Credit Risk Fund Direct Growth
The Exit load of Bank of India Credit Risk Fund Direct Growth is 4%