Bank of India Bluechip Fund - Direct (IDCW)


Large Cap Fund
  • NAV 15.46 (-0.45%)
  • Fund Size (Cr) ₹132.39
  • Expense Ratio 1.35
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹5000
  • Minimum Additional Investment ₹1000
  • Minimum SIP Investment ₹1000
  • Minimum Withdrawal ₹1000
  • Exit Load 1%
  • Return Since Launch 17.02%

Basic Details

Scheme Manager
Dhruv Bhatia
Bench Mark
Nifty 100 TRI
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 09-Apr-24
  • 9791.93
  • -2.08%
  • -
  • -1.95%
  • 82/146
  • 1 Month
  • 15-Mar-24
  • 10305.24
  • 3.05%
  • -
  • 2.38%
  • 35/146
  • 3 Month
  • 16-Jan-24
  • 10571.82
  • 5.72%
  • -
  • 4.01%
  • 18/142
  • 6 Month
  • 16-Oct-23
  • 12414.07
  • 24.14%
  • -
  • 17.47%
  • 6/142
  • 1 Year
  • 13-Apr-23
  • 14582.16
  • 45.82%
  • 45.82%
  • 34.47%
  • 6/142
  • 3 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • Since Inception
  • 29-Jun-21
  • 15530
  • 55.3%
  • 17.02%
  • 14.80%
  • 33/146

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 02-May-23
  • 120000
  • 144727.78
  • 20.61%
  • 20.61%
  • 3 Year
  • -
  • -
  • -
  • -
  • -
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • 10 Year
  • -
  • -
  • -
  • -
  • -

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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Risk Ratios

  • Standard Deviation
    4.19%
  • Beta
    1.00%
  • Sharpe Ratio
    0.66%
  • Treynor’s Ratio
    0.16%
  • Jension’s Alpha
    1.19%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • HDFC Bank
  • 6.56%
  • 60000
  • 8.69
  • Equity
  • Banks
  • Reliance Industr
  • 6.01%
  • 26778
  • 7.96
  • Equity
  • Refineries
  • NTPC
  • 4.87%
  • 192000
  • 6.45
  • Equity
  • Power Generation & Distribution
  • Larsen & Toubro
  • 4.55%
  • 16000
  • 6.02
  • Equity
  • Infrastructure Developers & Operators
  • Sun Pharma.Inds.
  • 4.48%
  • 36586
  • 5.93
  • Equity
  • Pharmaceuticals
  • Maruti Suzuki
  • 4.05%
  • 4250
  • 5.36
  • Equity
  • Automobile
  • Avenue Super.
  • 3.93%
  • 11500
  • 5.20
  • Equity
  • Retail
  • St Bk of India
  • 3.61%
  • 63500
  • 4.78
  • Equity
  • Banks
  • ICICI Bank
  • 3.59%
  • 43500
  • 4.76
  • Equity
  • Banks
  • Titan Company
  • 3.23%
  • 11250
  • 4.28
  • Equity
  • Diamond, Gems and Jewellery

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • Bank of India Bluechip Fund - Direct (IDCW)
  • Stars
  • 132.39
  • 3.05%
  • 5.72%
  • 24.14%
  • 45.82%
  • -
  • Quant Large Cap Fund - Direct (IDCW)
  • Stars
  • 807.07
  • 4.00%
  • 10.85%
  • 31.28%
  • 56.29%
  • -
  • Quant Large Cap Fund - Direct (G)
  • Stars
  • 807.07
  • 4.00%
  • 10.85%
  • 31.28%
  • 56.27%
  • -
  • Bank of India Bluechip Fund - Direct (G)
  • Stars
  • 132.39
  • 3.05%
  • 5.78%
  • 24.20%
  • 45.87%
  • -
  • Bank of India Bluechip Fund - Direct (IDCW)
  • Stars
  • 132.39
  • 3.05%
  • 5.72%
  • 24.14%
  • 45.82%
  • -
  • JM Large Cap Fund - Direct (IDCW-Q)
  • Stars
  • 118.71
  • 2.52%
  • 5.43%
  • 22.22%
  • 43.86%
  • 21.18%

News

  • Bank of India Mutual Fund Announces Appointment of Key Personnel Bank of India Mutual Fund has announced that Ms. Gita Narasimhan has been appointed as an Independent Director on the Board of Bank of India Investment Managers Private Limited (?AMC?) w.e.f. March 12, 2024.

    Details of Ms. Gita Narasimhan

    Age: 69 years

    Designation: Independent Director

    Qualification: M.A. Applied Economics, BSc. Physics (Hons), National Science Talent Scholar, CAIIB

    Powered by Capital Market - Live News

  • Bank of India MF Announces change in scheme name Bank of India Mutual Fund has announced change in scheme name under the following scheme, with effect from 26 December 2023:

    Change in the Scheme Name:

    Existing Name Revised Name
    Bank of India Tax Advantage Fund Bank of India ELSS Tax Saver

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 08-Jun-2021
  • Total AUM (Cr) ₹132.39

Bank of India Bluechip Fund - Direct (IDCW) is an Large Cap Fund-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in Jun 2021, this fund is managed by Dhruv Bhatia. With assets under management (AUM) worth ₹132.39 (Cr), as of 18-Apr-2024, Bank of India Bluechip Fund - Direct (IDCW) is categorized as a Large Cap Fund within its segment. The fund has generated a return of 17.02% since its launch.
The current NAV of Bank of India Bluechip Fund - Direct (IDCW) is ₹15.46, as on 18-Apr-2024. The fund’s benchmark index is Nifty 100 TRI. You can invest in Bank of India Bluechip Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1000 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
For redemption/ switch ou of initial units allotted within 3 months from the date of allotment: 1% Exit Load Any redemption/ switch out from the date of allotment of units after 3 months: Nil
The fund has generated - and - CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 94.44% in Equity, 4.18% in Debt and 1.38% in cash and cash equivalents
The top 5 sectors the fund invests in are: 23.20% in Banks, 8.41% in IT-Software, 8.3% in Pharmaceuticals & Biotech, 7.91% in Debt and 6.85% in Automobiles.

FAQs on Bank of India Bluechip Fund - Direct (IDCW)

Bank of India Bluechip Fund - Direct (IDCW) is a popular fund in the Large Cap Fund segment. The fund has generated a return of 17.02% since inception. Looking to invest in Bank of India Bluechip Fund - Direct (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Bluechip Fund - Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Bank of India Bluechip Fund - Direct (IDCW)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Bank of India Bluechip Fund - Direct (IDCW) today and reap the benefits of this Large Cap Fund fund!

In the short term, i.e., 1 year, Bank of India Bluechip Fund - Direct (IDCW) has generated annualised return of 45.82%. In the long-term, the fund has generated - and - in 3 and 5 years respectively. Since its inception, the fund has generated 17.02% returns.

The expense ratio of Bank of India Bluechip Fund - Direct (IDCW) Direct Growth is 1.35%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of Bank of India Bluechip Fund - Direct (IDCW) is ₹132.39 (Cr) as of 18 April 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of Bank of India Bluechip Fund - Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Bank of India Bluechip Fund - Direct (IDCW):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Bank of India Bluechip Fund - Direct (IDCW)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in Bank of India Bluechip Fund - Direct (IDCW). Minimum lumpsum investment Bank of India Bluechip Fund - Direct (IDCW) is ₹5000 and minimum SIP amount is ₹1000. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of Bank of India Bluechip Fund - Direct (IDCW) is ₹15.46 as on 18 April 2024.

The 5 biggest stock holdings of Bank of India Bluechip Fund - Direct (IDCW) are:
HDFC Bank (6.56%), Reliance Industr (6.01%), NTPC (4.87%), Larsen & Toubro (4.55%), Sun Pharma.Inds. (4.48%)

A majority of Bank of India Bluechip Fund - Direct (IDCW) 's AUM worth ₹132.39 (Cr) is invested in these 3 top sectors:

  • Banks: 23.2%
  • IT-Software: 8.41%
  • Pharmaceuticals & Biotech: 8.3%

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