| Launch date | 29 Nov 2024 |
| Allotment date | 20 Dec 2024 |
| End date | 13 Dec 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: NA
Inclusive of GST
Exit load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Nitin GosarNov 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #31 in India |
|---|---|
| Total AUM | ₹9,097.10Cr |
| Date of Incorporation | 31 Mar 2008 |
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Bank of India Consumption 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. Nitin Gosar is the Current Fund Manager of Bank of India Consumption Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹9,097 Cr and the Latest NAV as of 24 Dec 2024 is ₹10.02. The Bank of India Consumption 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 12 months. ;
Investment Objective
The scheme seeks to provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors. ;
| Fund benchmark | NIFTY India Consumption Total Return Index |
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