February 2, 2024
mayank
Bank of India Large & Mid Cap Equity Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 85.9800
Quarterly NAV IDCW: Rs 23.9000
NAV IDCW: Rs 23.5500
NAV Bonus: Rs 44.4200
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This fund invests in a combination of large- and medium-sized companies, providing reasonable degree of flexibility to the fund management team to invest in companies of different sizes, depending on where it expects maximum gains. We believe this flexibility is good for fund investors, but we suggest you also consider flexi-cap funds which offer complete freedom to fund managers to choose companies of different sizes.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme aims at income and long-term capital appreciation by investing through a diversified portfolio of predominantly large cap and mid cap equity and equity-related securities including equity derivatives.
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 365 days |
Basic Details
| Fund House | Bank of India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 14.84% |
| Benchmark | S&P BSE 250 Large MidCap TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 271 Cr |
| (As on 31-Dec-2023) | |
| Expense | 1.58% |
| (As on 31-Dec-2023) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
| Turnover | 126.00% |
Trailing Returns (%) of Bank of India Large & Mid Cap Equity Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bank of India Large & Mid Cap Eqt Dir | 3.22 | 0.07 | 3.02 | 21.01 | 20.95 | 38.63 | 23.37 | 20.60 | 15.89 | 16.26 |
| S&P BSE Large Mid Cap TRI | 1.25 | -0.14 | 1.07 | 17.60 | 14.84 | 31.64 | 18.72 | 17.37 | 15.81 | 16.10 |
| Equity: Large & MidCap | 2.44 | -0.18 | 2.20 | 18.40 | 18.01 | 38.80 | 23.34 | 20.27 | 16.67 | 18.98 |
| Rank within category | 8 | 2 | 8 | 5 | 7 | 15 | 10 | 9 | 14 | 16 |
| Number of funds in category | 29 | 29 | 29 | 27 | 27 | 27 | 26 | 21 | 18 | 16 |
Peer Comparison of Bank of India Large & Mid Cap Equity 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 Large & Mid Cap Eqt Dir | 2 star | 38.63 | 23.37 | 20.60 | 1.58 | 271 | 14.84 | 1.00 (365) | 11Y 1M | 126.00 |
| Mirae Asset Large & Midcap Dir | 4 star | 37.07 | 21.21 | 22.07 | 0.62 | 32,492 | 23.21 | 1.00 (365) | 11Y 1M | 57.00 |
| SBI Large & Midcap Dir | 4 star | 33.56 | 24.15 | 20.26 | 0.78 | 18,926 | 17.80 | 0.10 (30) | 11Y 1M | 20.00 |
| Kotak Eqt Opp Dir | 5 star | 36.04 | 22.94 | 20.98 | 0.53 | 17,783 | 17.59 | 1.00 (365) | 11Y 1M | 30.20 |
| HDFC Large and Mid Cap Dir | 4 star | 46.28 | 28.85 | 22.31 | 0.90 | 15,022 | 14.31 | 1.00 (365) | 11Y 1M | 7.87 |
Portfolio Analysis of Bank of India Large & Mid Cap Equity Fund
| No. of Stocks | 61 |
| Top 10 Stocks | 35.03% |
| Top 5 Stocks | 22.32% |
| Top 3 Sectors | 50.18% |
| Portfolio P/B Ratio | 3.00 |
| Portfolio P/E Ratio | 20.61 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,03,593 | 1,07,541 |
| Giant (%) | 38.90 | 36.11 |
| Large (%) | 19.08 | 26.15 |
| Mid (%) | 36.74 | 35.44 |
| Small (%) | 5.28 | 4.04 |
| Tiny (%) | — | 0.03 |
How to Invest in Bank of India Large & Mid Cap Equity Fund?
Chanakya’s Mutual Fund Guidance For Bank of India Large & Mid Cap Equity Fund
Do not invest in this, or any other large & mid-cap fund, if you need to redeem your investment in less than five years.
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