Bank of India Manufacturing & Infra Fund Direct Growth
Equity
Direct
Equity - Infrastructure
NAV as on 06-09-2024
₹ 68.06
1D
Inception Returns
19.5%
/yr
About the Fund
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.
Key Parameters
- Bank of India Manufacturing & Infra Fund Direct Growth has ₹463 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
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.
Holdings
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
Taxation
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.
Investment objective of Bank of India Manufacturing & Infra Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Annualised
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698 people have invested ₹ 68L in Bank of India Manufacturing & Infra Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Fund Overview
| 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 |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Small cap
42.6%
Large cap
28.1%
Mid cap
25.2%
Sector Allocation
Industrial
28.9%
Basic Materials
21.5%
Consumer Cyclical
12.3%
Energy
9.7%
Utilities
7.8%
Health
5.4%
Communication
4.9%
Tech
4.3%
Consumer Defensive
3.7%
Real Estate
1.5%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 4.03% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 0.50% in Jul'24
- AUM of the fund stands at 462.6 Cr as of Jul'24
- AUM increased by 57.7 Cr between Jul'24 and Jun'24
Top Stocks bought last month
NTPC Ltd's allocation increased from 3.46% to 5.87%
Deepak Nitrite Ltd's allocation increased from 0.95% to 2.53%
Vedanta Ltd's allocation increased from 2.91% to 4.22%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 6.04 % to 5.08 %
Larsen & Toubro Ltd's allocation decreased from 4.82 % to 4.54 %
Indus Towers Ltd Ordinary Shares's allocation decreased from 4.03 % to 3.88 %
Cash allocation has gone down from 5.3% to 3.4%
Debt allocation has gone down from 0% to 0%
Top 3 Sectors in July were Industrial, Basic Materials & Consumer Cyclical
Jul'24
Industrial
29%
Basic Materials
21%
Consumer Cyclical
12%
Jun'24
Industrial
31%
Basic Materials
18%
Consumer Cyclical
13%
See all
Top Growth Drivers | 1M Return |
|---|---|
 ERIS Lifesciences Ltd | 31.9% |
 PCBL Ltd | 27.5% |
 Oil India Ltd | 14.6% |
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Nitin Gosar
Fund Manager of Bank of India Manufacturing & Infra Fund Direct Growth, since 27 September 2022
Top funds managed
Fund House
Bank of India Investment Managers Private Limited
Total Schemes
Total AUM
₹8.93K Cr
as on 31-Jul-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
Mutual Fund Insights
In the last 5 years, Quant Infrastructure Fund Growth Option Direct Plan has given 40.63% return, outperforming this fund by 5.76% per annum.
This fund has one of the lowest expense ratio in the category (equity - infrastructure). Its expense ratio is 0.95% which is lower than the category average expense ratio of 1.52%.
Over the last 3 months, this fund has experienced a 57.5% growth in AUM moving from 293.8 Cr to 462.6 Cr.
In the last 3 years, ICICI Prudential Infrastructure Fund Direct Plan Growth has given 38.06% return, outperforming this fund by 7.01% per annum.
In the last 1 year, LIC MF Infrastructure Fund Direct Plan Growth Option has given 73.44% return, outperforming this fund by 16.98%.
Bank of India Manufacturing & Infra 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 19.5% since inception which is more than its category average return of 14.83%
Fund Allocations
This fund has an allocation of 96.59% in Equity, 0.02% in Debt and 3.39% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 1994 Cr
Expense Ratio 0.95%
This fund has an expense ratio of 0.95% which is less than its category average expense ratio of 1.71%
Frequently Asked Questions
The current NAV of Bank of India Manufacturing & Infra Fund Direct Growth is ₹68.06 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
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% |
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0.95% as on August 2024
₹463 Cr as on August 2024
NTPC Ltd(5.87%), Reliance Industries Ltd(5.08%), Larsen & Toubro Ltd(4.54%), Vedanta Ltd(4.22%), Indus Towers Ltd Ordinary Shares(3.88%) as on August 2024
Industrial(27.95%), Basic Materials(20.73%), Consumer Cyclical(11.87%) as on August 2024
The alpha ratio for the Bank of India Manufacturing & Infra Fund Direct Growth for various period is as follows:
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 |
As on August 2024
The alpha for Bank of India Manufacturing & Infra 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 Manufacturing & Infra Fund Direct Growth for various period is as follows:
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 |
As on August 2024
The Beta for Bank of India Manufacturing & Infra 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 Manufacturing & Infra 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 Manufacturing & Infra Fund Direct Growth | 3.64 | 1.69 | 1.51 |
As on August 2024
The sharpe ratio for Bank of India Manufacturing & Infra 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 Manufacturing & Infra 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 Manufacturing & Infra Fund Direct Growth | 12.01 | 14.01 | 18.18 |
As on August 2024
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 3.51 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.28 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Nitin Gosar is the fund manager of Bank of India Manufacturing & Infra Fund Direct Growth
The Exit load of Bank of India Manufacturing & Infra Fund Direct Growth is 1%