3 Year return

40.11%
NAV on May 29 2024 11.7
1D Returns -0.01%
Launched on February 2015 (9 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Moderately High Risk

Scheme Information

Asset Under Management

₹137.49 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.

Ratings

ARQ Rating
4

Ratings by other agencies

0
0
1

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Bank of India Mutual Fund Managers

AS

Alok Singh

Fund Manager since Feb 2024

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 March 2008

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

Baroda BNP Paribas Credit Risk Fund Direct Monthly IDCW Payout

9.7%

3.5

HDFC Credit Risk Debt Fund IDCW Direct Plan Payout

6.39%

5

HDFC Credit Risk Debt Fund IDCW Direct Plan Payout

6.39%

5

Schemes by Bank of India Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

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 -1.33%
Expense Ratio 1.18%
Fund Manager Alok Singh
Fund Size ₹137.49 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 022-612490001800 - 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.

Your Guide Map for Investing

Investing without setting a financial goal takes out the aspect of clarity for an investor. Once a goal is set such as purchasing that dream car, you need to determine the optimum SIP amount vis a vis to the number of years of investing. Angel One's SIP calculator can serve as a map to guide you to take the smoothest road to your goals by finding the optimum balance between the variables affecting the SIP.

FAQs

What is today's NAV of Bank of India Credit Risk 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 Credit Risk Fund May 29 2024 is 11.7081

What is the AUM of Bank of India Credit Risk 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 Credit Risk Fund is 137.49 crore.

What is the expense ratio of Bank of India Credit Risk 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 Credit Risk Fund is 1.18%

What are the returns of Bank of India Credit Risk Fund since inception?

The Bank of India Credit Risk Fund was launched on Feb 06 2015. The fund has delivered a CAGR of 1.72 since inception.

What is the minimum SIP amount to invest in Bank of India Credit Risk 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 Credit Risk Fund is 1000.

How do I invest in Bank of India Credit Risk 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 Credit Risk 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 Credit Risk 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 Credit Risk 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.
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