April 30, 2026
RA Jainee
Bank of India Multi Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 19.11 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 19.08 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 1,000 |
| Min. No of Cheques | 6 |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| AUM Rs. | 938 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.90% |
| 1 Year Return (%) | 11.69 |
| 3 Year Return (%) | 23.13 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 22.86% |
⚖️ Sahifund Review – Bank of India Multi Cap Fund ✔
PLUS:
• Strong performance with 23.13% 3-year return, beating benchmark and category averages
• Consistent outperformance across short and medium term (top ranks in 1Y & 3Y)
• True multi-cap allocation (large + mid + small) ensures diversified growth
• Balanced portfolio with ~57 stocks reduces concentration risk
• Reasonable expense ratio (0.90%) for active multi-cap strategy
• Suitable for SIP investors seeking long-term wealth creation
• Smaller AUM (Rs. 938 Cr) allows agility in capturing opportunities
• Well-aligned with category mandate (50:25:25 structure)
MINUS:
• Limited track record (launched in 2023) – no full market cycle performance
• Slightly higher turnover (~58%) indicates active churning
• Mid & smallcap exposure can increase volatility in corrections
• Still trails top-tier funds like Kotak and Nippon in consistency
• Performance sustainability yet to be tested in bear markets
• Moderate expense compared to passive alternatives
• Ranking fluctuates across timeframes, indicating inconsistency phases
• Dependent on fund manager’s allocation calls across market caps
Sahifund View (Decisive Line):
A strong emerging multi-cap performer with impressive early returns, best suited for SIP investors willing to bet on consistency over a full market cycle.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Multi-cap funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to generate long term capital appreciation by investing in equity and equity-related securities across various market capitalisation.
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 1 year |
Basic Details of Bank of India Multi Cap Fund
| Fund House | Bank of India Mutual Fund |
| Launch Date | 03-Mar-23 |
| Return Since Launch | 22.86% |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 938 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.90% |
| (As on 31-Mar-2026) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 58.00% |
Bank of India Multi Cap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bank of India Multi Cap Dir | -0.78 | -0.73 | 8.76 | 4.94 | 1.92 | 11.69 | 23.13 | — | — | — |
| VR Multicap TRI | -4.31 | -1.07 | 8.83 | 1.72 | -4.27 | 3.19 | 17.99 | — | — | — |
| Equity: Multi Cap | -2.80 | -0.95 | 8.77 | 2.91 | -3.10 | 5.35 | 19.97 | — | — | — |
| Rank within category | 8 | 4 | 17 | 8 | 2 | 2 | 4 | — | — | — |
| Number of funds in category | 37 | 37 | 37 | 37 | 37 | 35 | 19 | 8 | 0 | 0 |
Peer Comparison of Bank of India Multi Cap 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 Multi Cap Dir | 4 star | 11.69 | 23.13 | — | 0.90 | 938 | 22.86 | 1.00 (365) | 3Y 1M | 58.00 |
| Nippon India Multi Cap Dir | 5 star | 6.38 | 22.15 | 22.75 | 0.73 | 46,321 | 16.04 | 1.00 (365) | 13Y 3M | 28.00 |
| Kotak Multicap Dir | 5 star | 9.09 | 24.44 | — | 0.45 | 22,095 | 17.15 | 1.00 (365) | 4Y 6M | 49.85 |
| ICICI Pru Multicap Dir | 4 star | 7.27 | 21.78 | 19.34 | 0.96 | 14,681 | 16.16 | 1.00 (30) | 13Y 3M | 94.00 |
| Axis Multicap Dir | 4 star | 6.18 | 23.26 | — | 0.57 | 8,543 | 15.25 | 1.00 (365) | 4Y 4M | 50.00 |
Bank of India Multi Cap Fund Portfolio
| No. of Stocks | 57 |
| Top 10 Stocks | 34.21% |
| Top 5 Stocks | 20.10% |
| Top 3 Sectors | 49.74% |
| Portfolio P/B Ratio | 3.39 |
| Portfolio P/E Ratio | 22.75 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 79,522 | 83,805 |
| Giant (%) | — | — |
| Large (%) | 41.38 | 42.17 |
| Mid (%) | 31.59 | 28.59 |
| Small (%) | 27.04 | 29.24 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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