Bank of India Credit Risk Fund - Direct
Credit Risk FundNAV
12.06(0.02%)Fund Size (CR)
₹114.92Expense Ratio
1.03Scheme Type
Active FundValue Research
Min. investment
₹5,000Minimum Additional Investment
₹5,000Minimum SIP Investment
₹undefinedMinimum Withdrawal
₹5,000Exit Load
4%Return Since Launch
1.92%
- 3M
- 6M
- 1Y
- 3Y
- All
Basic Details
Scheme Manager
Alok Singh
Bench Mark
CRISIL Credit Risk Debt B-II Index
Type
OPEN
Lumpsum Returns
| Period Invested For | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
|---|---|---|---|---|---|---|
| 1 Week | 23 December 2024 | 9994.20 | -0.06% | - | 0.10% | 89/92 |
| 1 Month | 29 November 2024 | 10027.78 | 0.28% | - | 0.48% | 84/92 |
| 3 Month | 30 September 2024 | 10135.43 | 1.35% | - | 1.77% | 83/92 |
| 6 Month | 28 June 2024 | 10248.64 | 2.49% | - | 4.24% | 90/92 |
| 1 Year | 29 December 2023 | 10632.29 | 6.32% | 6.32% | 8.34% | 89/92 |
| 3 Year | 30 December 2021 | 27435.89 | 174.36% | 39.99% | 7.86% | 1/91 |
| 5 Year | 30 December 2019 | 16771.27 | 67.71% | 10.90% | 6.30% | 1/92 |
| Since Inception | 27 February 2015 | 12056.70 | 20.57% | 1.92% | 6.73% | 91/92 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 1 January 2024 | 1,30,000 | 133543.26 | 2.73% | 2.73% |
| 3 Year | 3 January 2022 | 3,70,000 | 447650.20 | 20.99% | 6.56% |
| 5 Year | 1 January 2020 | 6,10,000 | 1104136.98 | 81.01% | 12.60% |
| 10 Year | 9 March 2015 | 11,90,000 | 1729888.78 | 45.37% | 3.81% |
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
- Investment type
- Scheme based
- SIP
- Lumpsum
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
20.42%
Standard Deviation
0.88%
Beta
0.58%
Sharpe Ratio
5.34%
Treynor's Ratio
36.63%
Jension's Alpha
Asset Allocation
Sector Allocation
Top 10 stock holding in portfolio
| Stock Invested in | % of Total Holdings | Quantity | Value (Cr) | Asset Type | Segment |
|---|---|---|---|---|---|
| A B Real Estate | 10.41% | 1200000 | 11.96 | Corporate Debts | Debt Others |
| R C F | 8.75% | 1000000 | 10.04 | Corporate Debts | Debt Others |
| Nirma | 8.74% | 1000000 | 10.04 | Corporate Debts | Debt Others |
| JSW Steel | 8.73% | 1000000 | 10.03 | Corporate Debts | Debt Others |
| 360 One Prime | 8.71% | 1000000 | 10.01 | Corporate Debts | Debt Others |
| Manappuram Fin. | 8.70% | 1000000 | 9.99 | Corporate Debts | Debt Others |
| Godrej Industrie | 8.66% | 1000000 | 9.95 | Corporate Debts | Debt Others |
| Nuvoco Vistas | 4.34% | 500000 | 4.99 | Corporate Debts | Debt Others |
| TREPS | 17.21% | - | 19.76 | Reverse Repo | Debt Others |
| E X I M Bank | 4.88% | 600000 | 5.61 | Commercial Paper | Debt Others |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Bank of India Credit Risk Fund - Direct | 114.92 | 0.28% | 1.35% | 2.49% | 6.32% | 39.99% | |
| Aditya Birla SL Credit Risk Fund - Dir (IDCW) | 933.02 | 0.40% | 4.24% | 7.52% | 12.83% | 9.56% | |
| Aditya Birla SL Credit Risk Fund - Dir (Bonus) | 933.02 | 0.40% | 4.24% | 7.53% | 12.83% | 9.55% | |
| Aditya Birla SL Credit Risk Fund - Dir (G) | 933.02 | 0.40% | 4.24% | 7.53% | 12.83% | 9.55% | |
| DSP Credit Risk Fund - Direct (IDCW-W) | 188.49 | 0.58% | 1.83% | 4.25% | 9.35% | 9.40% | |
| ICICI Pru Credit Risk Fund - Direct (G) | 6418.69 | 0.45% | 1.66% | 4.57% | 9.15% | 7.61% |
News
Bank of India MF announces change in Fund Manager of the following schemes
Bank of India Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 01 October 2024Change in Fund Managers of the Schemes:
Scheme Name Existing Fund Manager(s) New Fund Manager(s) Bank of India Small Cap Fund Mr. Dhruv Bhatia Mr. Alok Singh Bank of India Blue Chip Fund Mr. Dhruv Bhatia ' Mr. Alok Singh
' Mr. Nilesh Jethani ' Co-Fund ManagerBank of India Midcap Tax Fund - Series 1 Mr. Dhruv Bhatia Mr. Nilesh Jethani Bank of India Midcap Tax Fund - Series 2 Mr. Dhruv Bhatia Mr. Nilesh Jethani Bank of India Arbitrage Fund Mr. Alok Singh Mr. Firdaus Ragina Powered by Capital Market - Live News
Fund House Details & Investment Objective
Date of Incorporation
6 February 2015
Total AUM (Cr)
₹114.84
Bank of India Credit Risk Fund - Direct is an Credit Risk Fund-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in 6 February 2015, this fund is managed by Alok Singh. With assets under management (AUM) worth ₹114.84 (Cr), as of 1 January 2025, Bank of India Credit Risk Fund - Direct is categorized as a Credit Risk Fund within its segment. The fund has generated a return of 1.92% since its launch.
The current NAV of Bank of India Credit Risk Fund - Direct is ₹12.06, as on 1 January 2025. The fund's benchmark index is CRISIL Credit Risk Debt B-II Index. You can invest in Bank of India Credit Risk Fund - Direct via both lumpsum and SIP modes. The minimum SIP amount in the fund is - while the minimum lumpsum investment is ₹5,000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
4.00% - If redeemed/switched out within 12 months from the date of allotment. 3.00% - If redeemed/switched out after 12 months but within 24 months from the date of allotment. 2.00% - If redeemed/switched out after 24 months but within 36 mothes from the date of allotment. Nil - If redeemed/switched out after 36 months from the date of allotment. The fund has generated 39.99% and 10.90% 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 89.13% in Debt and 10.87% in cash and cash equivalents.
FAQs
How to Invest in Bank of India Credit Risk Fund - Direct Direct Growth?
Bank of India Credit Risk Fund - Direct is a popular fund in the Credit Risk Fund segment. The fund has generated a return of 1.92% since inception. Looking to invest in Bank of India Credit Risk Fund - Direct How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Credit Risk Fund - Direct 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 Credit Risk Fund - Direct
- 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 Credit Risk Fund - Direct today and reap the benefits of this Credit Risk Fund fund!
How much returns has Bank of India Credit Risk Fund - Direct Direct Growth generated?
What is the expense ratio of Bank of India Credit Risk Fund - Direct Direct Growth?
What is the AUM of Bank of India Credit Risk Fund - Direct Fund Direct Growth?
How to redeem or withdraw money from Bank of India Credit Risk Fund - Direct Direct Growth?
Redeeming or selling units of Bank of India Credit Risk Fund - Direct 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 Credit Risk Fund - Direct:
- 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 Credit Risk Fund - Direct).
- 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).