Bank of India Consumption Fund Direct Growth

Very High Risk
Launch date29 Nov 2024
Allotment date20 Dec 2024
End date13 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

NA

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹5,000
Min. for SIPNot Supported

Fund management

Nitin Gosar
Nov 2024 - Present
View details

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.
Also manages these schemes

Fund house & investment objective

Rank (total assets)#31 in India
Total AUM₹9,097.10Cr
Date of Incorporation31 Mar 2008

Bank of India Consumption Fund Direct Growth is a NA 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 29 Nov 2024 is ₹10.00. The Bank of India Consumption Fund Direct Growth is rated Very High risk. 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 benchmarkNIFTY India Consumption Total Return Index

Fund house contact details

Address
B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Phone
NA
Launch Date
31 Mar 2008
Website

Peer Comparison

null, null fundsRating1Y3YFund Size(Cr)
5
36.4%31.2%62,259.56
3
31.5%28.2%14,460.02
2
29.5%27.1%33,962.80
2
40.4%24.6%12,943.04
NA
40.9%18.7%1,903.89
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