Equity
Direct
Equity - Infrastructure
NAV as on 06-09-2024
₹ 68.06
1D
Inception Returns
19.5%
/yr
Bank of India Manufacturing & Infra Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Nitin Gosar. The fund could potentially beat inflation in the long-run.
Bank of India Manufacturing & Infra Fund Direct Growth has given a CAGR return of 19.50% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 56.46%, 31.05% and 34.87% respectively.
Bank of India Manufacturing & Infra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Consumer Cyclical, Energy, Utilities, Health, Communication, Tech, Consumer Defensive, Real Estate, Government. Its top holdings are NTPC Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd, Vedanta Ltd, Indus Towers Ltd Ordinary Shares
As it is a equity - infrastructure 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.
The Scheme seeks to generate long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies engaged in manufacturing and infrastructure related sectors. Further, there can be no assurance that the investment objectives of the scheme will be realized. The Scheme is not providing any assured or guaranteed returns.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Manufacturing & Infra Fund Direct Growth has no lock in period.
Expense ratio | 0.95% |
Benchmark | S&P BSE 500 India TR INR |
AUM | ₹463 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 84.99% |
STCG | Redeeming 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 |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Industrial, Basic Materials & Consumer Cyclical
Bank of India Manufacturing & Infra Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.14% | 5.14% |
6 Month Returns | 24.61% | 24.61% |
1 Year Returns | 56.46% | 56.46% |
3 Years Returns | 125.07% | 31.05% |
5 Years Returns | 346.3% | 34.87% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Manufacturing & Infra Fund Direct Growth | 16.13 | 11.3 | 11.94 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Manufacturing & Infra Fund Direct Growth | 0.96 | 0.98 | 0.88 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India Manufacturing & Infra Fund Direct Growth | 3.64 | 1.69 | 1.51 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India Manufacturing & Infra Fund Direct Growth | 12.01 | 14.01 | 18.18 |