Bank of India Flexi Cap Fund Direct Growth
Equity
Direct
Flexi Cap
NAV as on 04-02-2025
₹ 34.89
▲2.4%
1D
Inception Returns
31.2%
/yr
About Bank of India Flexi Cap Fund Direct Growth
Bank of India Flexi Cap Fund Direct Growth is an equity fund. This fund was started on 29 June, 2020. The fund is managed by Alok Singh. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Flexi Cap Fund Direct Growth has ₹2096 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Bank of India Flexi Cap Fund Direct Growth has given a CAGR return of 31.20% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 13.06% and 19.12% respectively.
Holdings
Bank of India Flexi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Basic Materials, Industrial, Consumer Cyclical, Utilities, Consumer Defensive, Health, Communication, Energy, Real Estate. Its top holdings are HDFC Bank Ltd, State Bank of India, Vedanta Ltd, Coforge Ltd, NTPC Green Energy Ltd
Taxation
As it is a flexi cap 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 Flexi Cap Fund Direct Growth
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity-related securities across various market capitalisation. However, there can be no assurance that the investment objectives of the Scheme will be realized.
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 Flexi Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Absolute
▲
▼
2705 people have invested ₹ 2.4Cr in Bank of India Flexi Cap Fund Direct Growth in the last three months
Bank of India Flexi Cap Fund Direct Growth Overview
| Expense ratio | 0.45% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹2096 Cr |
| Inception Date | 29 June, 2020 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 109.59% |
| 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 (04-Feb-25)
Fund Distribution
as on (30-Nov-24)
Large cap
40.4%
Small cap
33.3%
Mid cap
19.1%
Sector Allocation
Financial Services
24.5%
Tech
16.8%
Basic Materials
15.7%
Industrial
13.5%
Consumer Cyclical
9.7%
Utilities
6.1%
Consumer Defensive
4.1%
Health
3.1%
Communication
2.4%
Energy
2.3%
Real Estate
1.9%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.71% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.31% in Nov'24
- AUM of the fund stands at 2.1K Cr as of Dec'24
- AUM increased by 47.9 Cr between Dec'24 and Nov'24
Top Stocks bought last month
Dr Reddy's Laboratories Ltd's allocation increased from 0.25% to 1.88%
State Bank of India's allocation increased from 3.5% to 4.46%
Swan Energy Ltd's allocation increased from 1.5% to 2.15%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 5.85 % to 5.7 %
Kotak Mahindra Bank Ltd's allocation decreased from 2.05 % to 1.97 %
Hindustan Aeronautics Ltd Ordinary Shares's allocation decreased from 3.39 % to 1.9 %
Mid Cap allocation has gone up from 16.8% to 19.1%
Large Cap allocation has gone down from 43.5% to 40.4%
Small Cap allocation has gone up from 30.1% to 33.3%
Cash allocation has gone down from 6.9% to 3.2%
Top 3 Sectors in December were Financial Services, Basic Materials & Industrial
Dec'24
Financial Services
24%
Tech
17%
Basic Materials
16%
Nov'24
Financial Services
29%
Basic Materials
15%
Industrial
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.5% | 0% | |
 State Bank of India | 4.6% | 32.3% | |
 Vedanta Ltd | 4.01% | 17.8% | |
 Coforge Ltd | 3.64% | 12.5% | |
 NTPC Green Energy Ltd | 3.16% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Ami Organics Ltd | 14.1% |
 Cartrade Tech Ltd | 6% |
 Indian Bank | 2.1% |
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Alok Singh
Fund Manager of Bank of India Flexi Cap Fund Direct Growth, since 29 June 2020
Top funds managed
Fund House
Bank of India Investment Managers Private Limited
Total Schemes
Total AUM
₹11.16K Cr
as on 29-Nov-2024
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 Flexi Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 31.2% since inception which is more than its category average return of 16.6%
Fund Allocations
This fund has an allocation of 96.81% in Equity, 0% in Debt and 3.19% in Cash related instruments
AUM size ₹2096 Cr
This fund has AUM of ₹2096 Cr which is less than its category average of ₹ 9262 Cr
Expense Ratio 0.45%
This fund has an expense ratio of 0.45% which is less than its category average expense ratio of 1.32%
Frequently Asked Questions for Bank of India Flexi Cap Fund Direct Growth
The current NAV of Bank of India Flexi Cap Fund Direct Growth is ₹34.89 as on 04-Feb-2025.
Existing (Absolute + CAGR) as on 04-Feb-2025.
Bank of India Flexi Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -10.1% | -10.1% |
6 Month Returns | -9.91% | -9.91% |
1 Year Returns | 13.06% | 13.06% |
3 Years Returns | 69.04% | 19.12% |
5 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.
0.45% as on January 2025
₹2096 Cr as on January 2025
HDFC Bank Ltd(5.5%), State Bank of India(4.6%), Vedanta Ltd(4.01%), Coforge Ltd(3.64%), NTPC Green Energy Ltd(3.16%) as on January 2025
Financial Services(23.69%), Tech(16.26%), Basic Materials(15.22%) as on January 2025
The alpha ratio for the Bank of India Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Flexi Cap Fund Direct Growth | 4.65 | 4.56 | - |
As on January 2025
The alpha for Bank of India Flexi Cap Fund Direct Growth is calculated against S&P BSE 500 India 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 Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Flexi Cap Fund Direct Growth | 0.99 | 1.05 | - |
As on January 2025
The Beta for Bank of India Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India 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 Flexi Cap 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 Flexi Cap Fund Direct Growth | 0.54 | 0.82 | - |
As on January 2025
The sharpe ratio for Bank of India Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India 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 Flexi Cap 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 Flexi Cap Fund Direct Growth | 14.6 | 16.01 | - |
As on January 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.
Sortino ratio is 1.44 as on January 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.83 as on January 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Alok Singh is the fund manager of Bank of India Flexi Cap Fund Direct Growth
The Exit load of Bank of India Flexi Cap Fund Direct Growth is 1%