Bank of India Mid & Small Cap Equity & Debt Fund D...
(Scheme Rating)
NAV as of Aug 29, 2024
42.52-0.47%
- Growth - Direct
(Earn upto 1.17% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Aggressive Hybrid
Expense Ratio:
1.13%(0.82% Category
average)Fund Size:
Rs. 921.20 Cr(0.38% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bank of India Mid & Small Cap Equity & Debt Fund Direct-...
(Scheme Rating)
NAV as of Aug 29, 2024
42.52-0.47%
Expense Ratio:
1.13%
Fund Size:
Rs. 921.20 Cr
Fund Category:
Hybrid: Aggressive Hybrid
1. Current NAV: The Current Net Asset Value of the Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan as of Aug 29, 2024 is Rs 42.52 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 49.42% (1yr), 23.54% (3yr), 30.25% (5yr) and 19.6% (since launch). Whereas, Category returns for the same time duration are: 32.69% (1yr), 16.07% (3yr) and 18.06% (5yr).
3. Fund Size: The Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan currently holds Assets under Management worth of Rs 921.2 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 1.13% for Direct plan as on Jul 31, 2024.
5. Exit Load: Bank of India Mid & Small Cap Equity & Debt 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 Mid & Small Cap Equity & Debt Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.84 13.06 21.35 48.93 23.33 30.22 Category Avg 1.23 9.90 15.88 32.31 15.90 18.28 Rank within Category 12 4 2 2 3 1 No. of funds within Category 44 43 43 41 40 37 - Loading...
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Return Comparison
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Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth Fund Details
Investment Objective - The scheme seeks to provide capital appreciation and income distribution to investors from a portfolio constituting of mid and small cap equity and equity related securities as well as fixed income securities.
Fund House | Bank of India Mutual Fund |
Launch Date | Jul 20, 2016 |
Benchmark | NIFTY Mid Small Cap 400 Total Return Index |
Return Since Launch | 19.53% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | High |
Return Grade | High |
Bank of India Mid & Small Cap Equity & Debt 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
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 83 78 76 74 77 83 Top 5 Company Holdings 15.43% 15.58% 15.75% 15.61% 15.7% 14.63% Top 10 Company Holdings 25.76% 26.32% 27.23% 26.76% 26.47% 25.1% Company with Highest Exposure Oil India (3.82%) Jindal Stainless (3.77%) Jindal Stainless (4.05%) Jindal Stainless (3.66%) Jindal Stainless (3.91%) Small Industries (3.59%) Number of Sectors 15 15 15 15 15 15 Top 3 Sector Holdings 23.06% 26.43% 25.53% 24.52% 25.18% 25.65% Top 5 Sector Holdings 36.98% 39.83% 40.09% 39.02% 40.1% 39.16% Sector with Highest Exposure Services (8.16%) Automobile (9.86%) Automobile (9.04%) Financial (8.98%) Services (8.87%) Healthcare (9.2%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Oil India Energy 3.82 18.22 41.77 296.85 Jindal Stainless Metals & Mining 3.09 23.75 31.76 70.13 Indus Towers Communication 2.94 18.43 24.54 155.24 Castrol India Chemicals 2.85 29.70 8.95 85.96 UNO Minda Automobile 2.73 74.00 15.79 85.83 Indian Bank Financial 2.27 8.24 67.86 43.33 Swan Energy Construction 2.14 58.21 11.65 115.23 Jupiter Wagons Services 1.89 67.37 8.50 62.18 JK Cement Materials 1.85 39.74 112.14 39.17 Bharat Forge Automobile 1.81 79.26 19.99 47.45
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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 Mid & Small Cap Equity & Debt Fund Direct-Growth 42.52 921.20 1.84 48.93 23.33 30.22 JM Aggressive Hybrid Fund Direct-Growth 145.23 486.95 1.42 52.96 26.41 28.26 Edelweiss Aggressive Hybrid Fund Direct - Growth 70.92 1,951.63 2.03 39.28 22.02 22.42 ICICI Prudential Equity & Debt Fund Direct-Growth 418.03 39,090.93 1.83 39.36 25.01 25.04 Quant Absolute Fund Direct-Growth 473.06 2,295.21 -0.96 38.72 21.17 28.62
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
13.38VS10.04Fund 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
0.79VS0.78Fund 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.
Moderate risk-adjusted returns
1.17VS1.17Fund 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
19.69VS15.20Fund 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
7.36VS3.58Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
21.18VS17.25Fund 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 Feb 20176 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 Flexi Cap Fund Direct-Growth Flexi Cap 39.15 1,700.33 66.03 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 | 1,361.36 | 0.60 | 1.87 | 3.64 | 7.33 | 5.43 | |
Bank of India ELSS Tax Saver Direct-Growth | 1,149.51 | 2.90 | 13.13 | 24.53 | 54.28 | 24.33 | |
Bank of India Small Cap Fund Direct - Growth | 919.56 | -3.54 | 0.88 | 10.90 | 46.32 | 28.82 | |
Bank of India Flexi Cap Fund Direct - Growth | 683.42 | 1.72 | 12.15 | 25.59 | 57.28 | 27.54 | |
Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth | 656.95 | 0.23 | 7.01 | 16.20 | 43.91 | 24.81 | |
Bank of India Multi Cap Fund Direct - Growth | 439.91 | -0.07 | 8.49 | 18.27 | 51.90 | - | |
Bank of India Large & Mid Cap Equity Fund Direct-Growth | 289.77 | 1.40 | 9.78 | 18.79 | 42.79 | 21.72 | |
Bank of India Manufacturing & Infrastructure Direct-Growth | 239.28 | 1.12 | 11.18 | 21.41 | 56.44 | 29.16 | |
Bank of India Ultra Short Duration Fund Direct-Growth | 144.41 | 0.63 | 1.68 | 3.25 | 6.83 | 5.15 | |
Bank of India Credit Risk Fund Direct-Growth | 141.94 | 1.62 | 2.47 | 3.87 | 7.20 | 41.95 |
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1. Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan is Open-ended Aggressive Hybrid Hybrid scheme which belongs to Bank of India Mutual Fund House.
2. The fund was launched on Jul 20, 2016.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide capital appreciation and income distribution to investors from a portfolio constituting of mid and small cap equity and equity related securities as well as fixed income securities. "
2. It is benchmarked against NIFTY Mid Small Cap 400 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 75.8% in equities, 22.32% in debts and 1.88% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 25.39% of the assets, the top 3 sectors constitute around 23.06% 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.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
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 up to 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).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than 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 Mid & Small Cap Equity & Debt Fund Direct-Growth
- Is it safe to invest in Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan comes under Very High risk category.
- What is the category of Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan?Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan belongs to the Hybrid : Aggressive Hybrid category of funds.
- How Long should I Invest in Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan?The suggested investment horizon of investing into Bank of India Mid & Small Cap Equity & Debt 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 Mid & Small Cap Equity & Debt Fund - Direct Plan?The Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan is managed by Alok Singh (Since Feb 16, 2017).
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.