Bank of India Multi Cap Fund Direct Growth

Launch date10 Feb 2023
Allotment date03 Mar 2023
End date24 Feb 2023
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 0.90%

Inclusive of GST

Exit load

Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.

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.

Understand terms
Check past data

Minimum investment amounts

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

Fund management

Nitin Gosar
Feb 2023 - 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₹14,671.20Cr
Date of Incorporation31 Mar 2008

Bank of India Multi Cap 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 Multi Cap Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹14,671 Cr and the Latest NAV as of 02 Apr 2026 is ₹17.65. The Bank of India Multi Cap 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 1 year. ;

Investment Objective

The scheme seeks to generate long term capital appreciation by investing in equity and equity-related securities across various market capitalisation. ;

Fund benchmarkNifty 500 Multicap 50:25:25 Total Return Index

Fund house contact details

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

Peer Comparison

Equity, Multi Cap fundsRating1Y3YFund Size(Cr)
5
5.3%22.5%23,886.02
4
1.6%21.1%9,361.08
5
3.1%20.8%5,301.35
5
2.1%19.5%50,820.01
4
0.3%18.1%16,315.09