February 2, 2024
mayank
Bank of India (BOI) Mid & Small Cap Equity & Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 34.4600
NAV IDCW: Rs 28.1400
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.
Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide capital appreciation and income distribution to investors from a portfolio constituting of mid and small cap equity and equity related securities as well as fixed income securities.
Fund Manager:
1) Alok Singh
Education: Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience: Prior to joining BOI AXA 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) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 3 months |
Basic Details
| Fund House | Bank of India Mutual Fund |
| Launch Date | 20-Jul-16 |
| Return Since Launch | 17.83% |
| Benchmark | NIFTY Mid Small Cap 400 TRI (70), CRISIL Short-Term Bond Index (30) |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 597 Cr |
| (As on 31-Dec-2023) | |
| Expense | 1.53% |
| (As on 31-Dec-2023) | |
| Risk Grade | High |
| Return Grade | High |
| Turnover | 121.00% |
Trailing Returns (%) of Bank of India Mid & Small Cap Equity & Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bank of India Mid & Small Cap Eqt & Debt Dir | 4.08 | 0.06 | 3.64 | 17.69 | 23.12 | 43.17 | 28.27 | 22.79 | 18.32 | — |
| VR Balanced TRI | 0.04 | -0.09 | -0.01 | 13.02 | 9.68 | 22.42 | 14.81 | 14.68 | 13.88 | — |
| Hybrid: Aggressive Hybrid | 1.64 | -0.12 | 1.52 | 13.37 | 12.76 | 28.29 | 17.50 | 15.78 | 13.81 | — |
| Rank within category | 3 | 8 | 4 | 5 | 2 | 2 | 2 | 2 | 2 | — |
| Number of funds in category | 46 | 46 | 46 | 45 | 44 | 44 | 42 | 35 | 28 | 22 |
Peer Comparison of Bank of India Mid & Small Cap Equity & Debt 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 Mid & Small Cap Eqt & Debt Dir | 4 star | 43.17 | 28.27 | 22.79 | 1.53 | 597 | 17.83 | 1.00 (90) | 7Y 6M | 121.00 |
| ICICI Pru Equity & Debt Dir | 5 star | 34.69 | 27.12 | 21.32 | 1.07 | 29,816 | 17.94 | 1.00 (365) | 11Y 1M | 28.00 |
| HDFC Hybrid Equity Dir | 4 star | 21.93 | 17.05 | 15.61 | 1.07 | 22,235 | 15.57 | 1.00 (365) | 11Y 1M | 43.11 |
| Canara Robeco Equity Hybrid Dir | 4 star | 25.11 | 15.46 | 16.35 | 0.61 | 9,687 | 14.95 | 1.00 (365) | 11Y 1M | 28.00 |
| HDFC Children’s Gift Dir | 5 star | 31.74 | 20.86 | 18.18 | 0.95 | 8,222 | 16.64 | — | 11Y 1M | 12.67 |
Portfolio Analysis of Bank of India Mid & Small Cap Equity & Debt Fund
| No. of Stocks | 63 |
| Top 10 Holdings | 29.27% |
| Top 5 Stocks | 17.99% |
| Top 3 Sectors | 34.96% |
| Portfolio P/B Ratio | 3.00 |
| Portfolio P/E Ratio | 19.29 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 29,208 | 1,57,922 |
| Giant (%) | — | 53.19 |
| Large (%) | 25.26 | 18.02 |
| Mid (%) | 55.69 | 22.15 |
| Small (%) | 19.05 | 8.08 |
| Tiny (%) | — | 0.42 |
| Fund | Category | |
| Number of Securities | 82 | 71 |
| Macaulay Duration (yrs) | 1.37 | 3.18 |
| Average Maturity (yrs) | 2.22 | 4.98 |
| Yield to Maturity (%) | 7.36 | 7.56 |
| Avg Credit Rating | AAA | — |
How to Invest in Bank of India (BOI) Mid & Small Cap Equity & Debt Fund?
Chanakya’s Mutual Fund Guidance For Bank of India Mid & Small Cap Equity & Debt Fund
Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.
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