Bank of India Manufacturing & Infrastructure Direc...
(Scheme Rating)
NAV as of Aug 29, 2024
67.45-0.27%
- IDCW Quarterly - Direct
(Earn upto 1.47% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Infrastructure
Expense Ratio:
0.95%(1.09% Category
average)Fund Size:
Rs. 462.60 Cr(0.90% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bank of India Manufacturing & Infrastructure Direct-IDCW...
(Scheme Rating)
NAV as of Aug 29, 2024
67.45-0.27%
Expense Ratio:
0.95%
Fund Size:
Rs. 462.60 Cr
Fund Category:
Equity: Sectoral-Infrastructure
1. Current NAV: The Current Net Asset Value of the Bank of India Manufacturing & Infrastructure Fund - Direct Plan as of Aug 29, 2024 is Rs 67.45 for IDCW Quarterly option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 65.23% (1yr), 33.01% (3yr), 35.17% (5yr) and 19.57% (since launch). Whereas, Category returns for the same time duration are: 61.96% (1yr), 32.96% (3yr) and 30.52% (5yr).
3. Fund Size: The Bank of India Manufacturing & Infrastructure Fund - Direct Plan currently holds Assets under Management worth of Rs 462.6 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.95% for Direct plan as on Jul 31, 2024.
5. Exit Load: Bank of India Manufacturing & Infrastructure Fund - Direct Plan shall attract an Exit Load, "Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year."
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 Manufacturing & Infrastructure Direct-IDCW Quarterly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 2.19 14.14 27.31 64.14 32.86 35.28 Category Avg -1.20 7.96 23.56 60.74 32.81 30.62 Rank within Category 1 2 7 9 15 3 No. of funds within Category 22 22 21 21 20 20 - Loading...
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Return Comparison
- This Fund
- BenchmarkBSE India Manufacturing Index
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- 1M
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- 1Y
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Bank of India Manufacturing & Infrastructure Direct-IDCW Quarterly Fund Details
Investment Objective - The scheme seeks long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies engaged in manufacturing and infrastructure and related sectors.
Fund House | Bank of India Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | BSE India Manufacturing Index |
Return Since Launch | 19.54% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Average |
Bank of India Manufacturing & Infrastructure Direct-IDCW Quarterly 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 for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
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 | 68 | 65 | 64 | 63 | 65 | 62 |
Top 5 Company Holdings | 23.59% | 21.3% | 22.09% | 24.82% | 27.5% | 28.18% |
Top 10 Company Holdings | 35.91% | 34.73% | 35.58% | 36.96% | 39.69% | 40.39% |
Company with Highest Exposure | NTPC (5.87%) | Reliance Industries (6.04%) | Reliance Industries (6.21%) | Reliance Industries (7.35%) | Reliance Industries (8.03%) | Reliance Industries (8.44%) |
Number of Sectors | 12 | 13 | 13 | 13 | 13 | 13 |
Top 3 Sector Holdings | 43.84% | 47.56% | 49.85% | 44.16% | 46.44% | 48.29% |
Top 5 Sector Holdings | 66.89% | 68.29% | 71.75% | 65.26% | 65.31% | 65.9% |
Sector with Highest Exposure | Energy (15.85%) | Construction (20.68%) | Construction (20.73%) | Energy (17.91%) | Energy (18.38%) | Energy (19.03%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) NTPC Energy 5.87 18.79 22.08 85.39 Reliance Industries Energy 5.08 29.62 101.60 25.68 Larsen & Toubro Construction 4.54 38.01 97.11 35.47 Vedanta Metals & Mining 4.22 35.18 13.31 95.53 Indus Towers Communication 3.88 18.43 24.54 155.24 Hero Motocorp Automobile 2.74 26.65 204.10 79.86 Deepak Nitrite Chemicals 2.53 45.82 63.31 32.82 Ashok Leyland Automobile 2.37 30.40 8.34 34.93 ITD Cementation India Construction 2.36 29.64 18.73 163.53 Sterling and Capital Goods 2.32 -140.22 -4.81 73.90
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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 Manufacturing & Infrastructure Direct-IDCW Quarterly 67.45 462.60 2.19 64.14 32.86 35.28
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.
Low Volatality
14.01VS14.33Fund 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.
Low Volatality
0.47VS0.51Fund 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.
Poor risk-adjusted returns
1.69VS1.82Fund 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.
Poor risk-adjusted returns
50.64VS51.50Fund 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.
Poor risk-adjusted returns
6.06VS6.74Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
29.23VS31.46Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
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Fund Manager
- N.G.Nitin GosarSince Sep 20221 schemes
Mr. Gosar holds a Master’s degree in Finance from ICFAI. Prior to joining Bank of India Mutual Fund, he was working with Invesco Mutual Fund, IFCI Financial Services Ltd. (I-Fin) as Research Analyst. He has also worked Batlivala & Karani Securities, SKP Securities and NDA Securities.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bank of India Large & Mid Cap Equity Fund Direct-IDCW Quarterly Large & MidCap 29.46 367.43 49.32
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 Manufacturing & Infrastructure Fund - Direct Plan is Open-ended Sectoral-Infrastructure Equity scheme which belongs to Bank of India Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies engaged in manufacturing and infrastructure and related sectors. "
2. It is benchmarked against BSE India Manufacturing Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 96.56% in equities, 0.02% in debts and 3.42% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 35.91% of the assets, the top 3 sectors constitute around 43.84% 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 Manufacturing & Infrastructure Direct-IDCW Quarterly
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 Manufacturing & Infrastructure Direct-IDCW Quarterly
- Is it safe to invest in Bank of India Manufacturing & Infrastructure Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bank of India Manufacturing & Infrastructure Fund - Direct Plan comes under Very High risk category.
- What is the category of Bank of India Manufacturing & Infrastructure Fund - Direct Plan?Bank of India Manufacturing & Infrastructure Fund - Direct Plan belongs to the Equity : Sectoral-Infrastructure category of funds.
- How Long should I Invest in Bank of India Manufacturing & Infrastructure Fund - Direct Plan?The suggested investment horizon of investing into Bank of India Manufacturing & Infrastructure 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 Manufacturing & Infrastructure Fund - Direct Plan?The Bank of India Manufacturing & Infrastructure Fund - Direct Plan is managed by Nitin Gosar (Since Sep 27, 2022).
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.