3 Year return
39.63%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately High Risk
Asset Under Management
₹115 Cr.
Expense Ratio
1.18% (inclusive of GST)
Exit Load
4.00% - If redeemed/switched out within 12 months from the date of allotment. 3.00% - If redeemed/switched out after 12 months but within 24 months from the date of allotment. 2.00% - If redeemed/switched out after 24 months but within 36 mothes from the date of allotment. Nil - If redeemed/switched out after 36 months from the date of allotment.
Tax Implications
Tax on gains as per your income tax bracket
Fund Holdings
Bank of India Mutual Fund Managers
AS
Alok Singh
Fund Manager since Aug 2024
Fund House Details
Bank of India Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Baroda BNP Paribas Credit Risk Fund |
7.3% |
3.5 |
ICICI Prudential Credit Risk Fund |
7.47% |
3 |
HDFC Credit Risk Debt Fund |
6.66% |
5 |
Schemes by Bank of India Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Growth
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Annual IDCW Payout
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Annual IDCW Reinvestment
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Monthly IDCW Payout
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Monthly IDCW Reinvestment
About Bank of India Credit Risk Fund Direct Plan
The Bank of India Credit Risk Fund Direct Plan falls under the category of debt mutual funds. It is managed by Bank of India Mutual Fund, which is a reputable Asset Management Company (AMC) known for its financial expertise. The fund primarily focuses on debt securities, aiming to generate income through a diversified portfolio of corporate bonds, government securities, and other fixed-income instruments.
Investment Objectives of the Scheme
The primary objective of the Bank of India Credit Risk Fund Direct Plan is to provide investors with regular income while maintaining the potential for capital appreciation. The fund achieves this by investing in a mix of debt securities with varying credit qualities and maturities. However, it's essential to note that this fund carries a certain level of credit risk due to its exposure to lower-rated securities.
Key Features of The Fund
5-year return | 11.17% |
Expense Ratio | 1.18% |
Fund Manager | Alok Singh |
Fund Size | ₹115 Cr |
Risk Profile | Moderately High |
Is This Scheme Right for Me?
The Bank of India Credit Risk Fund Direct Plan is suitable for investors who are looking for a balance between potential returns and relatively higher risk. If you have a moderate risk appetite and are seeking a regular stream of income along with the possibility of capital appreciation, this fund could be a consideration. It's important to be comfortable with the inherent credit risk associated with investing in lower-rated bonds, as this could impact the fund's performance.
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 | 022-61249000 1800 - 266 - 2676 1800 - 103 – 2263 91-22-61249024 |
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.
Your Guide Map for Investing
FAQs
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What is the minimum SIP amount to invest in Bank of India Credit Risk Fund?
How do I invest in Bank of India Credit Risk Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Bank of India Credit Risk Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Bank of India Credit Risk Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Bank of India Credit Risk Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.