Bank of India Multi Cap Fund Direct Growth
Equity
Direct
Multi-Cap
NAV as on 14-11-2024
₹ 17.29
▲0.7%
1D
Inception Returns
37.9%
/yr
About Bank of India Multi Cap Fund Direct Growth
Bank of India Multi Cap Fund Direct Growth is an equity fund. This fund was started on 3 March, 2023. The fund is managed by Nitin Gosar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Multi Cap Fund Direct Growth has ₹723 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
Bank of India Multi Cap Fund Direct Growth has given a CAGR return of 37.92% since inception. Over the last 1 year the fund has given a CAGR return of 32.19%.
Holdings
Bank of India Multi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Tech, Consumer Cyclical, Industrial, Health, Communication, Consumer Defensive, Energy, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, Vedanta Ltd, Reliance Industries Ltd, Tata Consultancy Services Ltd, State Bank of India
Taxation
As it is a multi-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 Multi Cap Fund Direct Growth
The objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related securities across market capitalizations. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
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 Multi Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Bank of India Multi Cap Fund Direct Growth Overview
| Expense ratio | 1.12% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹723 Cr |
| Inception Date | 3 March, 2023 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 120.02% |
| 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 (14-Nov-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -4.99% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.52% in Oct'24
- AUM of the fund stands at 722.8 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Basic Materials & Consumer Cyclical
Top Growth Drivers | 1M Return |
|---|---|
 Ami Organics Ltd | 22.3% |
 Manorama Industries Ltd | 11.6% |
 Tips Music Ltd | 11.4% |
Bank of India Multi Cap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹723 Cr
Expense Ratio 1.12%
Frequently Asked Questions for Bank of India Multi Cap Fund Direct Growth
Bank of India Multi Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.59% | -6.59% |
6 Month Returns | 8.47% | 8.47% |
1 Year Returns | 32.19% | 32.19% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Multi Cap Fund Direct Growth | 4.2 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Multi Cap Fund Direct Growth | 0.97 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India Multi Cap Fund Direct Growth | 2.19 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India Multi Cap Fund Direct Growth | 14.29 | - | - |