Bank of India Small Cap Fund Direct Growth
Equity
Direct
Small-Cap
NAV as on 21-11-2024
₹ 52.22
▲1.4%
1D
Inception Returns
32.2%
/yr
About Bank of India Small Cap Fund Direct Growth
Bank of India Small Cap Fund Direct Growth is an equity fund. This fund was started on 19 December, 2018. The fund is managed by Dhruv Bhatia. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Small Cap Fund Direct Growth has ₹1537 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Bank of India Small Cap Fund Direct Growth has given a CAGR return of 32.24% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 31.41%, 23.26% and 37.94% respectively.
Holdings
Bank of India Small Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Consumer Cyclical, Financial Services, Health, Tech, Consumer Defensive, Energy. Its top holdings are Ami Organics Ltd, Vijaya Diagnostic Centre Ltd, Radico Khaitan Ltd, Kaynes Technology India Ltd, PCBL Ltd
Taxation
As it is a small-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 Small 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 of small cap companies. 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 Small Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
7640 people have invested ₹ 6.6Cr in Bank of India Small Cap Fund Direct Growth in the last three months
INDmoney Rank for Bank of India Small Cap 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 Small Cap Fund Direct Growth Overview
| Expense ratio | 0.47% |
Benchmark | S&P BSE Smallcap TR INR |
| AUM | ₹1537 Cr |
| Inception Date | 19 December, 2018 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 67.21% |
| 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
78.9%
Mid cap
8.3%
Large cap
1.1%
Sector Allocation
Industrial
24.3%
Basic Materials
17.8%
Consumer Cyclical
15.7%
Financial Services
13.7%
Health
10.6%
Tech
8.3%
Consumer Defensive
6.7%
Energy
3%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -2.63% whereas the fund’s underlying benchmark Nifty Smallcap 250 returns stands at -4.21% as on Oct'24
- This fund outperformed Nifty Smallcap 250 by 1.58% in Oct'24
- AUM of the fund stands at 1.5K Cr as of Oct'24
- AUM increased by 20.2 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Poly Medicure Ltd's allocation increased from 1.47% to 1.8%
Ami Organics Ltd's allocation increased from 2.72% to 3.04%
Prudent Corporate Advisory Services Ltd's allocation increased from 1.69% to 1.99%
Top Stocks sold last month
Kaynes Technology India Ltd's allocation decreased from 2.23 % to 2.21 %
PCBL Ltd's allocation decreased from 2.93 % to 2.06 %
Eris Lifesciences Ltd Registered Shs's allocation decreased from 2.09 % to 2.05 %
Small Cap allocation has gone down from 79.3% to 78.9%
Mid Cap allocation has gone up from 7.8% to 8.3%
Large Cap allocation has gone down from 3.2% to 1.1%
Debt allocation has gone down from 0% to 0%
Cash allocation has gone up from 8.6% to 9.8%
Top 3 Sectors in October were Industrial, Basic Materials & Consumer Cyclical
Oct'24
Industrial
24%
Basic Materials
18%
Consumer Cyclical
16%
Sep'24
Industrial
26%
Basic Materials
17%
Consumer Cyclical
16%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Ami Organics Ltd | 28.6% |
 Prudent Corporate Advisory Services Ltd | 11.6% |
 Poly Medicure Ltd | 6.4% |
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Dhruv Bhatia
Fund Manager of Bank of India Small Cap Fund Direct Growth, since 27 April 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
In the last 3 years, Bandhan Small Cap Fund Direct Growth has given 27.48% return, outperforming this fund by 4.22% per annum.
In the last 5 years, Quant Small Cap Fund Growth Option Direct Plan has given 45.91% return, outperforming this fund by 7.96% per annum.
In the last 1 year, Bandhan Small Cap Fund Direct Growth has given 52.58% return, outperforming this fund by 21.17%.
This fund has one of the lowest expense ratio in the category (small-cap). Its expense ratio is 0.47% which is lower than the category average expense ratio of 1.15%.
Over the last 6 months, this fund has experienced a 46.1% growth in AUM moving from 1.05K Cr to 1.53K Cr.
Bank of India Small 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 32.24% since inception which is more than its category average return of 19.91%
Fund Allocations
This fund has an allocation of 90.2% in Equity, 0% in Debt and 9.8% in Cash related instruments
AUM size ₹1537 Cr
This fund has AUM of ₹1537 Cr which is less than its category average of ₹ 8062 Cr
Expense Ratio 0.47%
This fund has an expense ratio of 0.47% which is less than its category average expense ratio of 1.19%
Frequently Asked Questions for Bank of India Small Cap Fund Direct Growth
The current NAV of Bank of India Small Cap Fund Direct Growth is ₹52.22 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Bank of India Small Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.27% | -5.27% |
6 Month Returns | 14.12% | 14.12% |
1 Year Returns | 31.41% | 31.41% |
3 Years Returns | 87.28% | 23.26% |
5 Years Returns | 399.43% | 37.94% |
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0.47% as on October 2024
₹1537 Cr as on October 2024
Ami Organics Ltd(3.04%), Vijaya Diagnostic Centre Ltd(2.68%), Radico Khaitan Ltd(2.22%), Kaynes Technology India Ltd(2.21%), PCBL Ltd(2.06%) as on October 2024
Industrial(21.89%), Basic Materials(16.05%), Consumer Cyclical(14.18%) as on October 2024
The alpha ratio for the Bank of India Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Small Cap Fund Direct Growth | 6.65 | 5.37 | 10.61 |
As on October 2024
The alpha for Bank of India Small Cap Fund Direct Growth is calculated against S&P BSE Smallcap 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 Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Small Cap Fund Direct Growth | 0.76 | 0.78 | 0.77 |
As on October 2024
The Beta for Bank of India Small Cap Fund Direct Growth is calculated with S&P BSE Smallcap 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 Small 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 Small Cap Fund Direct Growth | 2.12 | 1.28 | 1.46 |
As on October 2024
The sharpe ratio for Bank of India Small Cap Fund Direct Growth is calculated with S&P BSE Smallcap 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 Small 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 Small Cap Fund Direct Growth | 15.72 | 15.26 | 20.71 |
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 0.34 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Dhruv Bhatia is the fund manager of Bank of India Small Cap Fund Direct Growth
The Exit load of Bank of India Small Cap Fund Direct Growth is 1%