Bank of India Consumption Fund Direct Growth
Equity
Direct
Equity - Consumption
NAV as on 10-01-2025
₹ 9.94
1D
Inception Returns
/yr
About Bank of India Consumption Fund Direct Growth
Bank of India Consumption Fund Direct Growth is an equity fund. This fund was started on 20 December, 2024. The fund is managed by Nitin Gosar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Consumption Fund Direct Growth has ₹0 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.
Returns
Bank of India Consumption Fund Direct Growth has given a CAGR return of -0.20% since inception.
Holdings
Bank of India Consumption Fund Direct Growth has allocated its funds majorly in . Its top holdings are
Taxation
As it is a equity - consumption 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 Consumption Fund Direct Growth
The Investment objective of the Scheme is to provide longterm capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors. 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 Consumption Fund Direct Growth has no lock in period.
Historical NAV & Returns
Bank of India Consumption Fund Direct Growth Overview
| Expense ratio | -- |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹0 Cr |
| Inception Date | 20 December, 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 |
Frequently Asked Questions for Bank of India Consumption Fund Direct Growth
Bank of India Consumption Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0% | 0% |
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 Consumption Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Consumption Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India Consumption Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India Consumption Fund Direct Growth | - | - | - |