3 Year return

0
Launched on June 2021 (3 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹144.86 Cr.

Expense Ratio

1.3% (inclusive of GST)

Exit Load

For redemption/ switch ou of initial units allotted within 3 months from the date of allotment: 1% Exit Load Any redemption/ switch out from the date of allotment of units after 3 months: Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Bank of India Mutual Fund Managers

DB

Dhruv Bhatia

Fund Manager since Apr 2022

View Details

Fund House Details

Bank of India Mutual Fund

Bank of India Mutual Fund Asset management company

AUM ₹6,554.91 Cr.
No. of Schemes 62
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Bank of India Mutual Fund

List of mutual fund schemes by AMC

About Bank of India Bluechip Fund Direct Plan Growth

The Bank of India Bluechip Fund Direct Plan Growth is an equity fund managed by Bank of India Asset Management Company. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund. The fund invests in a portfolio of stocks of large-cap companies. Large-cap companies are those with a market capitalization of ₹500 billion or more. The fund has a medium risk profile, making it suitable for investors who are looking for growth potential in the Indian stock market. The fund has been around for over 10 years and has a good track record of performance.

Investment Objectives of the Scheme

The investment objective of the Bank of India Bluechip Fund Direct Plan Growth is to generate long-term capital appreciation by investing in a portfolio of large-cap equity shares.

Key Features of The Fund

5-year return NA
Expense Ratio 1.3%
Fund Manager Dhruv Bhatia
Fund Size ₹144.86 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Bank of India Bluechip Fund Direct Plan Growth is a good option for investors who are looking for a growth investment in the Indian stock market. However, if you are risk-averse, then you may want to consider other options.

AMC Contact Details

Name Bank of India Mutual Fund
Launch Date March 2008
Addresss Bank of India Investment Managers Private Limited, B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013.
Contact 022-612490001800 - 266 - 2676 1800 - 103 – 226391-22-61249024
Email service@boimf.in
Website https://www.boimf.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Bank of India Bluechip Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Bank of India Bluechip Fund Jun 13 2024 is 16.67

What is the AUM of Bank of India Bluechip Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Bank of India Bluechip Fund is 144.86 crore.

What is the expense ratio of Bank of India Bluechip Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Bank of India Bluechip Fund is 1.3%

What are the returns of Bank of India Bluechip Fund since inception?

The Bank of India Bluechip Fund was launched on Jun 08 2021. The fund has delivered a CAGR of 18.68 since inception.

What is the minimum SIP amount to invest in Bank of India Bluechip Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Bank of India Bluechip Fund is 1000.

How do I invest in Bank of India Bluechip Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Bank of India Bluechip Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Bank of India Bluechip Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Bank of India Bluechip Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.