Bank of India Business Cycle Fund Direct Growth

Bank of India Business Cycle Fund Direct Growth

Equity

Equity - Other

NAV as on 24-04-2025

₹ 8.97

▲0.1%

1D

Inception Returns

-9.9%

/yr

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
79 people have invested ₹ 4.7L in Bank of India Business Cycle Fund Direct Growth in the last three months

About Bank of India Business Cycle Fund Direct Growth

Bank of India Business Cycle Fund Direct Growth is an equity fund. This fund was started on 30 August, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bank of India Business Cycle Fund Direct Growth has ₹515 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 1.1.

Returns

Bank of India Business Cycle Fund Direct Growth has given a CAGR return of -9.90% since inception.

Holdings

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

Taxation

As it is a equity - other 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.

Investment objective of Bank of India Business Cycle Fund Direct Growth

The Investment objective of the Scheme is to generate longterm capital appreciation by investing predominantly in equity and equity related securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance 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 Business Cycle Fund Direct Growth has no lock in period.

Bank of India Business Cycle Fund Direct Growth Overview

Expense ratio1.12%
Benchmark
Nifty 500 TR INR
AUM₹515 Cr
Inception Date30 August, 2024
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (24-Apr-25)

Period
Bank of India Business Cycle Fund Direct Growth
Nifty 500
equity - other
1M
5.4%
4.5%
-
3M
0.4%
3.2%
-
6M
-9.5%
-2.6%
-

Fund Distribution

as on (31-Mar-25)

  • Equity 97.2%

  • Debt & Cash 2.8%

Large cap
46.8%
Small cap
35.9%
Mid cap
14.5%
Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Sep'24

Financial Services
32.6%
Consumer Cyclical
18.8%
Utilities
12.9%
Industrial
9.6%
Tech
8.3%
Basic Materials
5.8%
Communication
4.5%
Health
3.6%
Real Estate
1.5%
Energy
1.2%
Consumer Defensive
1.1%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
8.17%
-11.53%
-10.24%
Nifty 500
7.25%
-7.88%
-4.01%
  • This fund’s returns stands at 8.17% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
  • This fund outperformed Nifty 500 by 0.92% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 515 Cr
₹ 472.2 Cr
₹ 582.3 Cr
  • AUM of the fund stands at 515 Cr as of Mar'25
  • AUM increased by 42.8 Cr between Mar'25 and Feb'25
Top Stocks bought last month
REC Ltd's allocation increased from 3.2% to 4.27%
REC Ltd's allocation increased from 3.2% to 4.27%
ICICI Bank Ltd's allocation increased from 3.01% to 3.85%
ICICI Bank Ltd's allocation increased from 3.01% to 3.85%
Prudent Corporate Advisory Services Ltd's allocation increased from 1.02% to 1.65%
Prudent Corporate Advisory Services Ltd's allocation increased from 1.02% to 1.65%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 6.97 % to 6.75 %
HDFC Bank Ltd's allocation decreased from 6.97 % to 6.75 %
PB Fintech Ltd's allocation decreased from 2.36 % to 2.35 %
PB Fintech Ltd's allocation decreased from 2.36 % to 2.35 %
Dixon Technologies (India) Ltd's allocation decreased from 2.66 % to 2.3 %
Dixon Technologies (India) Ltd's allocation decreased from 2.66 % to 2.3 %
Large Cap allocation has gone up from 41.3% to 46.8%
Large Cap allocation has gone up from 41.3% to 46.8%
Small Cap allocation has gone up from 34.9% to 35.9%
Small Cap allocation has gone up from 34.9% to 35.9%
Mid Cap allocation has gone down from 15.5% to 14.5%
Mid Cap allocation has gone down from 15.5% to 14.5%
Cash allocation has gone down from 8.3% to 2.8%
Cash allocation has gone down from 8.3% to 2.8%
Debt allocation has gone down from 0% to 0%
Debt allocation has gone down from 0% to 0%

Top 3 Sectors in March were Financial Services, Consumer Cyclical & Utilities

Mar'25
Financial Services
33%
Consumer Cyclical
19%
Utilities
13%
Feb'25
Financial Services
32%
Consumer Cyclical
21%
Utilities
13%

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
6.75%
0%
State Bank of India
State Bank of India
6.08%
7.2%
REC Ltd
REC Ltd
4.27%
21.9%
NTPC Ltd
NTPC Ltd
3.92%
0%
ICICI Bank Ltd
ICICI Bank Ltd
3.85%
24.6%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Bank of India Business Cycle Fund Direct Growth
Bank of India Business Cycle Fund Direct Growth
-
-
-
-9.9%
Sundaram Services Direct Growth
Sundaram Services Direct Growth
17.91%
19%
29.6%
21.5%
ICICI Prudential India Opportunities Fund Direct Growth
ICICI Prudential India Opportunities Fund Direct Growth
15.43%
24.31%
35.97%
23.21%
ICICI Prudential Business Cycle Fund Direct Growth
ICICI Prudential Business Cycle Fund Direct Growth
11.51%
22.27%
-
23.18%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
State Bank of India
State Bank of India
5.3%
Fund
Mar'25
Feb'25
Jan'25
No of Holdings
62
61
63
Top 5 Company Concentration
24.9%
22.5%
22.2%
Company having highest exposure
HDFC Bank Ltd (6.7%)
HDFC Bank Ltd (7%)
HDFC Bank Ltd (6.1%)
No of Sectors
12
11
11
Top 5 Sectors Concentration
82.3%
84.4%
84.7%
Sector having highest exposure
Financial Services (32.6%)
Financial Services (31.7%)
Financial Services (31%)
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Fund House
Bank of India Investment Managers Private Limited
Total Schemes
20
See all BOI AXA schemes
Total AUM
₹10.84K Cr
as on 31-Mar-2025
Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Phone
+912240479000
Website
service@boimf.in

Bank of India Business Cycle Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
Fund Allocations

Fund Allocations

This fund has an allocation of 97.22% in Equity, 0.02% in Debt and 2.76% in Cash related instruments
AUM size ₹515 Cr

AUM size ₹515 Cr

This fund has AUM of ₹515 Cr which is less than its category average of ₹ 2034 Cr
Expense Ratio 1.12%

Expense Ratio 1.12%

This fund has an expense ratio of 1.12% which is less than its category average expense ratio of 1.3%

More funds from BOI AXA

Frequently Asked Questions for Bank of India Business Cycle Fund Direct Growth

The current NAV of Bank of India Business Cycle Fund Direct Growth is ₹8.97 as on 24-Apr-2025.
Existing (Absolute + CAGR) as on 24-Apr-2025.
Bank of India Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.38%
5.38%
6 Month Returns
-9.54%
-9.54%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.12% as on March 2025
₹515 Cr as on March 2025
HDFC Bank Ltd(6.75%), State Bank of India(6.08%), REC Ltd(4.27%), NTPC Ltd(3.92%), ICICI Bank Ltd(3.85%) as on March 2025
Financial Services(31.68%), Consumer Cyclical(18.27%), Utilities(12.58%) as on March 2025
The alpha ratio for the Bank of India Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India Business Cycle Fund Direct Growth
-
-
-
As on March 2025
The alpha for Bank of India Business Cycle Fund Direct Growth is calculated against Nifty 500 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 Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India Business Cycle Fund Direct Growth
-
-
-
As on March 2025
The Beta for Bank of India Business Cycle Fund Direct Growth is calculated with Nifty 500 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 Business Cycle 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 Business Cycle Fund Direct Growth
-
-
-
As on March 2025
The sharpe ratio for Bank of India Business Cycle Fund Direct Growth is calculated with Nifty 500 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 Business Cycle 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 Business Cycle Fund Direct Growth
-
-
-
As on March 2025
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.
The Exit load of Bank of India Business Cycle Fund Direct Growth is 1%