Bank of India Business Cycle Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 19-12-2024
₹ 10.01
1D
Inception Returns
2.2%
/yr
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
- Bank of India Business Cycle Fund Direct Growth has ₹636 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
Bank of India Business Cycle Fund Direct Growth has given a CAGR return of 2.20% since inception.
Holdings
Bank of India Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Utilities, Basic Materials, Communication, Health, Consumer Defensive, Real Estate, Energy. Its top holdings are Bank of India Liquid Dir Gr, HDFC Bank Ltd, State Bank of India, Siemens Ltd, Power Grid Corp Of India 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends 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 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.
Historical NAV & Returns
Bank of India Business Cycle Fund Direct Growth Overview
| Expense ratio | 1.02% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹636 Cr |
| Inception Date | 30 August, 2024 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (19-Dec-24)
Fund Distribution
as on (30-Nov-24)
Top Growth Drivers | 1M Return |
|---|---|
Sky Gold Ltd | 29.3% |
 Siemens Ltd | 15.4% |
 Cartrade Tech Ltd | 14.2% |
Bank of India Business Cycle Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹636 Cr
Expense Ratio 1.02%
Frequently Asked Questions for Bank of India Business Cycle Fund Direct Growth
Bank of India Business Cycle Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.07% | 4.07% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Business Cycle Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Business Cycle Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India Business Cycle Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India Business Cycle Fund Direct Growth | - | - | - |