Bank of India Manufacturing & Infra Fund Direct Growth
Equity
Direct
Equity - Infrastructure
NAV as on 21-11-2024
₹ 62.48
1D
Inception Returns
18.3%
/yr
About Bank of India Manufacturing & Infra Fund Direct Growth
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 ₹519 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
Bank of India Manufacturing & Infra Fund Direct Growth has given a CAGR return of 18.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.47%, 24.95% and 30.78% respectively.
Holdings
Bank of India Manufacturing & Infra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Consumer Cyclical, Utilities, Energy, Health, Tech, Consumer Defensive, Communication, Real Estate. Its top holdings are NTPC Ltd, Larsen & Toubro Ltd, Vedanta Ltd, Reliance Industries Ltd, Sterling and Wilson Renewable Energy Ltd
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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805 people have invested ₹ 56.8L in Bank of India Manufacturing & Infra Fund Direct Growth in the last three months
INDmoney Rank for Bank of India Manufacturing & Infra Fund Direct Growth
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.
Bank of India Manufacturing & Infra Fund Direct Growth Overview
| Expense ratio | 0.75% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹519 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 (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Small cap
41%
Large cap
31.6%
Mid cap
17.1%
Sector Allocation
Industrial
27.6%
Basic Materials
23%
Consumer Cyclical
12.7%
Utilities
7.2%
Energy
6.2%
Health
6.2%
Tech
5.5%
Consumer Defensive
5.1%
Communication
3.6%
Real Estate
2.9%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -6.08% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 0.44% in Oct'24
- AUM of the fund stands at 519.4 Cr as of Oct'24
- AUM decreased by 9.3 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Manorama Industries Ltd's allocation increased from 2.01% to 2.61%
Larsen & Toubro Ltd's allocation increased from 4.76% to 5.29%
Reliance Industries Ltd's allocation increased from 3.4% to 3.87%
Top Stocks sold last month
NTPC Ltd's allocation decreased from 6.49 % to 6.08 %
Vedanta Ltd's allocation decreased from 4.63 % to 4.27 %
Indus Towers Ltd Ordinary Shares's allocation decreased from 2.79 % to 2.46 %
Mid Cap allocation has gone up from 17% to 17.1%
Large Cap allocation has gone down from 34.9% to 31.6%
Small Cap allocation has gone up from 40.7% to 41%
Cash allocation has gone up from 4.7% to 7.8%
Debt allocation has gone down from 0% to 0%
Top 3 Sectors in October were Industrial, Basic Materials & Consumer Cyclical
Oct'24
Industrial
28%
Basic Materials
23%
Consumer Cyclical
13%
Sep'24
Industrial
27%
Basic Materials
23%
Consumer Cyclical
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Ami Organics Ltd | 28.6% |
 Manorama Industries Ltd | 6.8% |
 S J S Enterprises Ltd | 0.6% |
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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
₹11.36K Cr
as on 31-Oct-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
Over the last 6 months, this fund has experienced a 76.8% growth in AUM moving from 293.8 Cr to 519.36 Cr.
This fund has one of the lowest expense ratio in the category (equity - infrastructure). Its expense ratio is 0.75% which is lower than the category average expense ratio of 1.5%.
In the last 3 years, ICICI Prudential Infrastructure Fund Direct Plan Growth has given 31.25% return, outperforming this fund by 6.3% per annum.
In the last 5 years, Quant Infrastructure Fund Growth Option Direct Plan has given 33.96% return, outperforming this fund by 3.18% per annum.
In the last 1 year, LIC MF Infrastructure Fund Direct Plan Growth Option has given 56.45% return, outperforming this fund by 20.97%.
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 18.27% since inception which is more than its category average return of 13.91%
Fund Allocations
This fund has an allocation of 92.2% in Equity, 0% in Debt and 7.8% in Cash related instruments
AUM size ₹519 Cr
This fund has AUM of ₹519 Cr which is less than its category average of ₹ 1981 Cr
Expense Ratio 0.75%
This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.69%
Frequently Asked Questions for Bank of India Manufacturing & Infra Fund Direct Growth
The current NAV of Bank of India Manufacturing & Infra Fund Direct Growth is ₹62.48 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Bank of India Manufacturing & Infra Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.47% | -6.47% |
6 Month Returns | 3.7% | 3.7% |
1 Year Returns | 35.47% | 35.47% |
3 Years Returns | 95.07% | 24.95% |
5 Years Returns | 282.61% | 30.78% |
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0.75% as on October 2024
₹519 Cr as on October 2024
NTPC Ltd(6.08%), Larsen & Toubro Ltd(5.29%), Vedanta Ltd(4.27%), Reliance Industries Ltd(3.87%), Sterling and Wilson Renewable Energy Ltd(2.76%) as on October 2024
Industrial(25.46%), Basic Materials(21.23%), Consumer Cyclical(11.74%) as on October 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 | 11.66 | 10.67 | 10.89 |
As on October 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 | 1.01 | 0.99 | 0.89 |
As on October 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 | 2.46 | 1.37 | 1.31 |
As on October 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 | 15.02 | 14.89 | 18.43 |
As on October 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 2.62 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.09 as on October 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%