August 1, 2024
mayank
Bank of India Business Cycle Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bank of India Business Cycle Fund Open Date, Close Date?
NFO opens on August 09, 2024
NFO will close on August 23, 2024
What is the Investment Strategy?
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Basic Details
| Fund House | Bank of India Mutual Fund |
| Issue Open | 09 August 2024 |
| Issue Close | 23 August 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 3 months |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
What is the Benchmark Index of Bank of India Business Cycle Fund?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.53 | 21.11 | 37.94 | 21.07 | 11.26 |
| Total Return | 3.62 | 21.86 | 39.28 | 22.35 | 12.98 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.70 | 18.67 | 22.37 |
| Beta (NIFTY 50) | 1.03 | 0.96 | 0.93 |
| Correlation (NIFTY 50) | 0.95 | 0.98 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 27.1 | 4.55 | 1.02 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 6.38 |
| Reliance Industries Ltd. | 5.34 |
| ICICI Bank Ltd. | 4.48 |
| Infosys Ltd. | 3.54 |
| ITC Ltd. | 2.40 |
| Larsen & Toubro Ltd. | 2.34 |
| Tata Consultancy Services Ltd. | 2.33 |
| Bharti Airtel Ltd. | 2.09 |
| State Bank of India | 1.76 |
| Axis Bank Ltd. | 1.74 |
Performance Review of the Fund Manager of Bank of India Business Cycle Fund?
1) Alok Singh
Education: Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience: Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
Past Performance of his Schemes
| Fund | Bank of India Flexi Cap Fund | It’s Benchmark | Bank of India ELSS Tax Saver Fund | It’s Benchmark |
| 1 Year | 63.61 | 38.94 | 54.02 | 38.94 |
| 3 Year | 26.25 | 21.04 | 23.13 | 21.04 |
| 5 Year | — | — | 29.90 | 22.51 |
| 7 Year | — | — | 20.40 | 16.51 |
| 10 Year | — | — | 18.74 | 15.65 |
AS ON 01-8-2024
Which Company Owns Bank of India Business Cycle Fund?
Bank of India Investment Managers Private Limited
Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013
Website: https://www.boimf.in/
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in BOI Business Cycle Fund NFO?
Guidance for Bank of India Business Cycle Fund by Paresh Gordhandas, C.A., Research Analyst.
Along with the Motilal Oswal Business Cycle Fund, Bank of India Mutual Fund is also launching its Business Cycle Fund.
The fund is being managed by Mr. Alok Singh.
If you look at the funds being managed by Bank of India mutual fund in both, debt and equity categories, you will see that they have very small AUMs even for funds that are more than 10 years old.
Also, mutual funds by Bank of India do not have much fancy among the investor community.
Hence, when better options are available in the market it would be prudent to avoid this fund.
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