February 17, 2025
mayank
Bank of India Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 12.1471
Suitable For Which Investors?
“Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors’ money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The Scheme will invest predominantly in corporate debt securities. There will be no exposure in the portfolio to dated Government Securities and State Development Loans.
Fund Manager:
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
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 4% for redemption within 365 days |
| 3% for redemption after 366 days and within 730 days | |
| 2% for redemption after 731 days and within 1095 days |
Basic Details of Bank of India Credit Risk Fund
| Fund House | Bank of India Mutual Fund |
| Launch Date | 27-Feb-15 |
| Return Since Launch | 1.95% |
| Benchmark | CRISIL Credit Risk Debt B-II Index |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 114 Cr |
| (As on 31-Jan-2025) | |
| Expense | 1.12% |
| (As on 31-Jan-2025) | |
| Risk Grade | Above Average |
| Return Grade | Low |
Trailing Returns (%) of Bank of India Credit Risk Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bank of India Credit Risk Dir | 0.71 | 0.02 | 0.53 | 1.24 | 2.71 | 6.52 | 37.67 | 10.61 | -1.20 | — |
| CCIL T Bill Liquidity Weight | 0.68 | 0.03 | 0.50 | 1.14 | 2.33 | 4.85 | 4.05 | 3.42 | 3.64 | — |
| Debt: Credit Risk | 1.21 | 0.02 | 1.01 | 2.12 | 4.35 | 8.98 | 9.95 | 7.48 | 6.13 | — |
| Rank within category | 14 | 6 | 14 | 14 | 13 | 14 | 1 | 1 | 14 | — |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 11 |
Peer Comparison of Bank of India Credit Risk 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 | |
| Bank of India Credit Risk Dir | 2 star | 6.52 | 37.67 | 10.61 | 1.12 | 114 | 1.95 | 4.00 (365) | 9Y 11M |
| Nippon India Credit Risk Dir | 4 star | 9.20 | 7.51 | 6.10 | 0.70 | 980 | 7.42 | 1.00 (365) | 12Y 1M |
| ABSL Credit Risk Dir | 4 star | 16.97 | 10.95 | 9.83 | 0.67 | 924 | 9.05 | 3.00 (365) | 9Y 10M |
| HDFC Credit Risk Debt Dir | 2 star | 8.49 | 6.92 | 7.62 | 1.00 | 7,286 | 8.79 | 1.00 (365) | 10Y 10M |
| ICICI Pru Credit Risk Dir | 2 star | 8.52 | 7.57 | 7.81 | 0.76 | 6,216 | 8.86 | 1.00 (365) | 12Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 29 |
| Macaulay Duration (yrs) | 0.60 | 2.33 |
| Average Maturity (yrs) | 0.64 | 3.02 |
| Yield to Maturity (%) | 7.09 | 8.10 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Bank of India Credit Risk Fund
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