February 17, 2025
mayank
Bank of India Consumption Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 9.4600
NAV IDCW: Rs 9.4600
Suitable For Which Investors?
This is a fund that invests mainly in the shares of consumer-facing companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors.
Fund Manager:
1) Nitin Gosar
Education: Mr. Gosar holds a Master’s degree in Finance from ICFAI.
Experience: 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.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months |
Basic Details of Bank of India Consumption Fund
| Fund House | Bank of India Mutual Fund |
| Launch Date | 20-Dec-24 |
| Return Since Launch | -5.40% |
| Benchmark | NIFTY India Consumption TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 407 Cr |
| (As on 31-Jan-2025) | |
| Expense | 1.14% |
| (As on 31-Jan-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Bank of India Consumption Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bank of India Consumption Dir | -5.59 | -1.77 | -4.54 | — | — | — | — | — | — | — |
| BSE 500 TRI | -7.59 | -1.29 | -3.73 | — | — | — | — | — | — | — |
| Equity: Thematic-Consumption | -9.17 | -1.34 | -5.01 | — | — | — | — | — | — | — |
| Rank within category | 3 | 18 | 11 | — | — | — | — | — | — | — |
| Number of funds in category | 21 | 22 | 22 | 18 | 16 | 15 | 11 | 11 | 8 | 7 |
Peer Comparison of Bank of India Consumption Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Bank of India Consumption Dir | Unrated | — | — | — | 1.14 | 407 | -5.40 | 1.00 (360) | 1M | — |
| Mirae Asset Great Consumer Dir | 4 star | 9.69 | 18.44 | 18.80 | 0.43 | 3,942 | 17.83 | 1.00 (365) | 12Y 1M | 43.00 |
| ICICI Pru Bharat Consumption Dir | 4 star | 7.59 | 19.01 | 17.34 | 1.09 | 3,115 | 16.91 | 1.00 (90) | 5Y 10M | 101.00 |
| SBI Consumption Opportunities Dir | 4 star | 9.32 | 19.30 | 20.16 | 0.91 | 2,940 | 16.85 | 0.10 (30) | 12Y 1M | 32.00 |
| Nippon India Consumption Dir | 4 star | 11.63 | 20.81 | 21.71 | 0.57 | 2,184 | 14.43 | 1.00 (30) | 12Y 1M | 31.00 |
Portfolio Analysis of Bank of India Consumption Fund
| No. of Stocks | 34 |
| Top 10 Stocks | 51.43% |
| Top 5 Stocks | 33.64% |
| Top 3 Sectors | 60.71% |
| Portfolio P/B Ratio | 7.82 |
| Portfolio P/E Ratio | 43.37 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 83,662 | 1,47,048 |
| Giant (%) | 35.96 | 51.74 |
| Large (%) | 28.08 | 24.14 |
| Mid (%) | 18.10 | 18.12 |
| Small (%) | 17.86 | 10.00 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Bank of India Consumption Fund
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