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.

1. Bank of India Business Cycle Fund Direct Growth has ₹472 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
2. The fund has an expense ratio 1.1.
   

Bank of India Business Cycle Fund Direct Growth has given a CAGR return of -15.30% since inception.

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

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.

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 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.