Bank of India Credit Risk Fund Direct Growth

Bank of India Credit Risk Fund Direct Growth

NAV as on 21-04-2025

₹ 12.36

0.1%

1D

Inception Returns

2.1%

/yr

Historical NAV & Returns

Absolute

About 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

  1. Bank of India Credit Risk Fund Direct Growth has ₹109 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

Bank of India Credit Risk Fund Direct Growth has given a CAGR return of 2.11% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.91%, 5.79% and 10.80% respectively.

Holdings

Bank of India Credit Risk Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent. Its top holdings are 7.99% Rashtriya Chemicals And Fertilizers Limited, JSW Steel Limited, Century Textiles And Industried Limited, Nirma Limited, 360 One Prime Limited

Taxation

As it is a credit risk mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Bank of India Credit Risk Fund Direct Growth

The Scheme’s investment objective is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating. To achieve this objective, the Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. Bank of India Credit Risk Fund Direct Growth has no lock in period.

Bank of India Credit Risk Fund Direct Growth Overview

Expense ratio0.98%
Benchmark
CRISIL Credit Risk Fund TR INR
AUM₹109 Cr
Inception Date27 February, 2015
Min Lumpsum/SIP--/--
Exit Load
4.0%
Lock InNo Lock-in
TurnOver
81.61%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
High Risk

Trailing Returns

as on (21-Apr-25)

Period
Bank of India Credit Risk Fund Direct Growth
Credit Risk Index
1M
1.2%
0.7%
3M
2.1%
3.6%
6M
3.4%
5.4%
1Y
5.9%
10.2%
3Y
5.8%
7.9%
5Y
10.8%
8%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.6%

AA
88.4%

AAA
11.6%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Corporate
59.5%
Cash Equivalent
40.5%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 110.1 Cr
₹ 113.5 Cr
₹ 113.8 Cr
  • AUM of the fund stands at 110.1 Cr as of Mar'25
  • AUM decreased by 3.5 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Manappuram Finance Limited's allocation increased from 5.26% to 8.73%
Manappuram Finance Limited's allocation increased from 5.26% to 8.73%
Cash allocation has gone down from 51.1% to 40.4%
Cash allocation has gone down from 51.1% to 40.4%
Debt allocation has gone up from 48.5% to 59.2%
Debt allocation has gone up from 48.5% to 59.2%

Top Sector in March was Corporate

Mar'25
Corporate
59%
Feb'25
Corporate
49%
  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
Amanta Healthcare Limited
Amanta Healthcare Limited
0%
100%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Bank of India Credit Risk Fund Direct Growth
Bank of India Credit Risk Fund Direct Growth
5.91%
5.79%
10.8%
2.11%
DSP Credit Risk Fund Direct Plan Growth
DSP Credit Risk Fund Direct Plan Growth
23.49%
14.86%
11.63%
9.09%
Nippon India Credit Risk Fund Direct Plan Growth Option
Nippon India Credit Risk Fund Direct Plan Growth Option
10.27%
8.3%
9.13%
7.53%
SBI Credit Risk Fund Direct Plan Growth
SBI Credit Risk Fund Direct Plan Growth
10.03%
8.32%
7.96%
8.71%
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Alok Singh
Alok Singh
Fund Manager of Bank of India Credit Risk Fund Direct Growth, since 27 February 2015
Fund House
Bank of India Investment Managers Private Limited
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

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 4.6% drop in AUM moving from 114.83 Cr to 109.5 Cr.
Insights icon
In the last 1 year, DSP Credit Risk Fund Direct Plan Growth has given 23.49% return, outperforming this fund by 17.58%.
Insights icon
In the last 5 years, DSP Credit Risk Fund Direct Plan Growth has given 11.63% return, outperforming this fund by 0.83% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (credit risk). Its expense ratio is 0.98% which is lower than the category average expense ratio of 1.2%.
Insights icon
In the last 3 years, DSP Credit Risk Fund Direct Plan Growth has given 14.86% return, outperforming this fund by 9.07% per annum.

Bank of India Credit Risk Fund Direct Growth Highlights

Risk meter
pointer

High Risk

Investors understand that their principal will be at High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 2.11% since inception which is less than its category average return of 6.29%
AUM size ₹109 Cr

AUM size ₹109 Cr

This fund has AUM of ₹109 Cr which is less than its category average of ₹ 1253 Cr
Expense Ratio 0.98%

Expense Ratio 0.98%

This fund has an expense ratio of 0.98% which is less than its category average expense ratio of 1.16%

Frequently Asked Questions for Bank of India Credit Risk Fund Direct Growth

The current NAV of Bank of India Credit Risk Fund Direct Growth is ₹12.36 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
Bank of India Credit Risk Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.16%
1.16%
6 Month Returns
3.42%
3.42%
1 Year Returns
5.91%
5.91%
3 Years Returns
18.41%
5.79%
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0.98% as on March 2025
₹109 Cr as on March 2025
7.99% Rashtriya Chemicals And Fertilizers Limited(9.17%), JSW Steel Limited(9.12%), Century Textiles And Industried Limited(9.1%), Nirma Limited(9.1%), 360 One Prime Limited(9.09%) as on March 2025
Yield to Maturity is 6.82 as on March 2025. 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 0.53 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AA
88.43
AAA
11.57
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%