Bank of India Flexi Cap Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
39.15-0.41%
- Growth - Direct
(Earn upto 1.48% Extra Returns with Direct Plan)
Fund Category:
Equity: Flexi Cap
Expense Ratio:
0.56%(0.69% Category
average)Fund Size:
Rs. 1,700.33 Cr(0.29% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bank of India Flexi Cap Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
39.15-0.41%
Expense Ratio:
0.56%
Fund Size:
Rs. 1,700.33 Cr
Fund Category:
Equity: Flexi Cap
1. Current NAV: The Current Net Asset Value of the Bank of India Flexi Cap Fund - Direct Plan as of Aug 29, 2024 is Rs 39.15 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 67.13% (1yr), 28.34% (3yr) and 38.89% (since launch). Whereas, Category returns for the same time duration are: 40.65% (1yr), 18.72% (3yr) and 21.0% (5yr).
3. Fund Size: The Bank of India Flexi Cap Fund - Direct Plan currently holds Assets under Management worth of Rs 1700.33 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.56% for Direct plan as on Jul 31, 2024.
5. Exit Load: Bank of India Flexi Cap Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 3 months."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
Bank of India Flexi Cap Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -0.08 9.82 24.01 66.03 28.14 - Category Avg 1.56 12.11 19.30 40.42 18.81 21.22 Rank within Category 77 70 10 2 5 - No. of funds within Category 85 83 82 77 61 47 - Loading...
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Return Comparison
- This Fund
- BenchmarkBSE 500 Total Return Index
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Bank of India Flexi Cap Fund Direct-Growth Fund Details
Investment Objective - The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity-related securities across various market capitalisation.
Fund House | Bank of India Mutual Fund |
Launch Date | Jun 29, 2020 |
Benchmark | BSE 500 Total Return Index |
Return Since Launch | 38.72% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Average |
Return Grade | High |
Bank of India Flexi Cap Fund Direct-Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load Exit load of 1%, if redeemed within 3 months. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 70 | 71 | 66 | 67 | 70 | 76 |
Top 5 Company Holdings | 19.14% | 18.87% | 18.01% | 17.0% | 17.02% | 17.19% |
Top 10 Company Holdings | 30.67% | 30.17% | 29.94% | 29.4% | 30.11% | 31.77% |
Company with Highest Exposure | HDFC Bank (5.43%) | HDFC Bank (5.38%) | State Bank of India (4.52%) | State Bank of India (4.25%) | State Bank of India (4.32%) | State Bank of India (4.27%) |
Number of Sectors | 15 | 15 | 15 | 15 | 15 | 15 |
Top 3 Sector Holdings | 43.79% | 45.28% | 46.78% | 41.43% | 42.3% | 35.94% |
Top 5 Sector Holdings | 60.67% | 63.39% | 64.54% | 55.93% | 56.18% | 48.02% |
Sector with Highest Exposure | Financial (23.08%) | Financial (23.37%) | Financial (21.34%) | Financial (21.04%) | Financial (20.35%) | Financial (15.95%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 5.43 18.33 89.60 3.03 State Bank of India Financial 3.92 10.58 77.28 41.69 Vedanta Metals & Mining 3.83 35.18 13.31 95.53 Rail Vikas Nigam Construction 3.01 - - - Hindustan Aeronautics Capital Goods 2.95 37.89 123.27 136.16 Oil India Energy 2.53 18.22 41.77 296.85 Swan Energy Construction 2.41 58.21 11.65 115.23 Reliance Industries Energy 2.21 29.62 101.60 25.68 Bharat Forge Automobile 2.19 79.26 19.99 47.45 Castrol India Chemicals 2.19 29.70 8.95 85.96
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bank of India Flexi Cap Fund Direct-Growth 39.15 1,700.33 -0.08 66.03 28.14 - ICICI Prudential India Equity FOF Direct - Growth 31.55 131.00 2.31 51.18 26.46 - JM Flexicap Fund Direct Plan-Growth 121.11 3,855.23 0.11 63.67 31.79 29.31 HDFC Retirement Savings Fund Equity Plan Direct-Growth 57.50 5,851.58 1.57 38.64 24.83 27.74 HDFC Focused 30 Fund Direct Plan-Growth 242.81 13,794.80 1.10 44.52 30.15 26.49
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
14.74VS12.84Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.00VS0.90Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.40VS1.13Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
20.73VS16.12Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
6.10VS1.24Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
26.17VS19.89Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Bank of India Mutual Fund News
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Fund Manager
- A.S.Alok SinghSince Jun 20206 schemes
Mr. Singh is a CFA and PGDBA from ICFAI Business School. Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bank of India ELSS Tax Saver Direct-Growth ELSS 201.45 1,484.56 54.30 Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth Aggressive Hybrid 42.52 921.20 48.93 Bank of India Conservative Hybrid Fund Direct-Growth Conservative Hybrid 35.36 73.17 14.03 Bank of India Balanced Advantage Fund Direct-Growth Dynamic Asset Allocation 26.99 138.33 26.79 Bank of India Credit Risk Fund Direct-Growth Credit Risk 11.85 121.92 6.52 Bank of India Arbitrage Fund Direct-Growth Arbitrage 13.59 40.88 7.54
More Bank of India Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Bank of India Liquid Fund Direct-Growth | 1,654.60 | 0.61 | 1.87 | 3.78 | 7.39 | 5.82 | |
Bank of India ELSS Tax Saver Direct-Growth | 1,326.57 | 7.02 | 18.10 | 26.01 | 60.15 | 26.40 | |
Bank of India Small Cap Fund Direct-Growth | 1,079.65 | 8.77 | 24.76 | 21.03 | 54.14 | 29.77 | |
Bank of India Flexi Cap Fund Direct-Growth | 991.78 | 7.18 | 21.04 | 28.78 | 69.11 | 29.28 | |
Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth | 754.01 | 6.36 | 16.95 | 20.51 | 52.59 | 24.28 | |
Bank of India Multi Cap Fund Direct-Growth | 527.53 | 7.20 | 17.93 | 22.14 | 53.30 | - | |
Bank of India Manufacturing & Infrastructure Direct-Growth | 338.69 | 8.46 | 23.38 | 31.55 | 65.79 | 33.10 | |
Bank of India Multi Asset Allocation Fund Direct-Growth | 332.43 | 2.47 | 9.35 | - | - | - | |
Bank of India Large & Mid Cap Equity Fund Direct-Growth | 319.00 | 7.65 | 16.25 | 21.27 | 47.67 | 22.43 | |
Bank of India Bluechip Fund Direct-Growth | 144.86 | 6.02 | 11.69 | 18.83 | 46.96 | - |
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1. Bank of India Flexi Cap Fund - Direct Plan is Open-ended Flexi Cap Equity scheme which belongs to Bank of India Mutual Fund House.
2. The fund was launched on Jun 29, 2020.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity-related securities across various market capitalisation. "
2. It is benchmarked against BSE 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 96.46% in equities, 0.01% in debts and 3.53% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 30.67% of the assets, the top 3 sectors constitute around 43.79% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Bank of India Flexi Cap Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Bank of India Flexi Cap Fund Direct-Growth
- Is it safe to invest in Bank of India Flexi Cap Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bank of India Flexi Cap Fund - Direct Plan comes under Very High risk category.
- What is the category of Bank of India Flexi Cap Fund - Direct Plan?Bank of India Flexi Cap Fund - Direct Plan belongs to the Equity : Flexi Cap category of funds.
- How Long should I Invest in Bank of India Flexi Cap Fund - Direct Plan?The suggested investment horizon of investing into Bank of India Flexi Cap Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bank of India Flexi Cap Fund - Direct Plan?The Bank of India Flexi Cap Fund - Direct Plan is managed by Alok Singh (Since Jun 10, 2020).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.