Bank of India Bluechip Fund Direct Growth
Equity
Direct
Large-Cap
NAV as on 20-12-2024
₹ 16.58
1D
Inception Returns
16.2%
/yr
About Bank of India Bluechip Fund Direct Growth
Bank of India Bluechip Fund Direct Growth is an equity fund. This fund was started on 29 June, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Bluechip Fund Direct Growth has ₹197 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
Bank of India Bluechip Fund Direct Growth has given a CAGR return of 16.22% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 18.23% and 15.83% respectively.
Holdings
Bank of India Bluechip Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Industrial, Tech, Energy, Health, Utilities, Consumer Defensive. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, State Bank of India, NTPC Ltd, ICICI Bank Ltd
Taxation
As it is a large-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 Bluechip Fund Direct Growth
The investment objective of the scheme is to provide investors with the opportunities of long term capital appreciation by investing predominantly in equity and equity-related instruments of large cap companies. However, there can be no assurance that the income can be generated, regular or otherwise, or the Investment Objective 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 Bluechip Fund Direct Growth has no lock in period.
Historical NAV & Returns
Bank of India Bluechip Fund Direct Growth Overview
| Expense ratio | 0.9% |
Benchmark | S&P BSE 100 India TR INR |
| AUM | ₹197 Cr |
| Inception Date | 29 June, 2021 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 60.35% |
| STCG | Selling mutual fund 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 (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 0.72% whereas the fund’s underlying benchmark Nifty 100 returns stands at -0.52% as on Nov'24
- This fund outperformed Nifty 100 by 1.24% in Nov'24
- AUM of the fund stands at 197.4 Cr as of Nov'24
- AUM increased by 5 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Basic Materials & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.42% | 0% | |
 Reliance Industries Ltd | 5.24% | 0% | |
 State Bank of India | 5.2% | 0% | |
 NTPC Ltd | 3.39% | 0% | |
 ICICI Bank Ltd | 3.29% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 16.7% |
 Cartrade Tech Ltd | 14.2% |
 HDFC Bank Ltd | 3.9% |
Bank of India Bluechip Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹197 Cr
Expense Ratio 0.9%
Frequently Asked Questions for Bank of India Bluechip Fund Direct Growth
Bank of India Bluechip Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.69% | 3.69% |
6 Month Returns | 0.42% | 0.42% |
1 Year Returns | 18.23% | 18.23% |
3 Years Returns | 55.39% | 15.83% |
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 Bluechip Fund Direct Growth | 2.93 | 0.92 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Bluechip Fund Direct Growth | 0.9 | 0.99 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India Bluechip Fund Direct Growth | 1.49 | 0.68 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India Bluechip Fund Direct Growth | 12.13 | 13.8 | - |