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Bank of India Banking & Financial Services Fund Direct Growth
NAV: 06 Oct '26
₹9.28
Min. for SIP
₹1,000
Fund size (AUM)
₹272.88 Cr
Expense ratio
1.68%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹14,525 | -3.17% | |
| 6 months | ₹30,000 | ₹28,848 | -3.84% |
Holdings (37)
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Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹1,000
Returns and rankings
Annualised returns
Absolute returns
| Name | 1M | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | -5.5% | -8.0% | +1.3% | -7.2% |
| Category average (Equity Sectoral) | -- | -5.7% | +5.6% | +100.5% |
| Rank (Equity Sectoral) | -- | 47 | 43 | -- |
Exit load, stamp duty and tax
Exit load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Fund management
NJNilesh JethaniJan 2026 - PresentView details
NJ
Nilesh Jethani
Jan 2026 - Present
View details
About Bank of India Banking & Financial Services Fund Direct Growth
Bank of India Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Bank of India Mutual Fund. This scheme was made available to investors on 31 Mar 2008. Nilesh Jethani is the Current Fund Manager of Bank of India Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹18,387 Cr and the Latest NAV as of 06 Oct 2026 is ₹9.28.
The Bank of India Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months.
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Investment Objective
The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of banking and financial services companies.
Fund benchmarkNIFTY Financial Services Total Return Index
Fund house
Rank (total assets)#31 in India
Total AUM₹18,386.72 Cr
Date of Incorporation31 Mar 2008
Launch Date31 Mar 2008
AddressB/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,