INF761K01GJ5
₹9.25
Bank of India Consumption Fund - NAV, Returns, SIP Investment & Performance Analysis
Invest in Bank of India Consumption Fund with direct growth option. Check latest NAV ₹9.25, AUM ₹407 Cr, expense ratio 0.99%, minimum SIP ₹1000. Start investing online today.
The Investment objective of the Scheme is 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. However, there is no assurance that the investment objective of the Scheme will be achieved.
The fund follows a focused investment approach by investing in companies that benefit from India's growing consumption story. Invests in India's growing household consumption basket and aims to Capture India's growth story and evolving consumer trends.
- Asset Allocation: This fund has an allocation of 98.65% in Equity, 0.03% in Debt and 1.32% in Cash related instruments
- Investment Universe: Companies engaged in consumption and consumption-related sectors
- Benchmark: Nifty India Consumption Total Return Index (TRI)
- Risk Profile: The Bank of India Consumption Fund Direct Growth is rated Very High risk.
- NAV: ₹9.25 as on 06-Mar-2025
- AUM: ₹406.61 Cr as of 21st February 2025
- Expense Ratio: 0.99 as of 21st February 2025
- CAGR Since Inception: -8.20% since inception
Nitin Gosar is the fund manager of Bank of India Consumption Fund Direct Growth The fund manager brings extensive experience to the portfolio management:
Nitin Gosar - Fund Manager
- Experience: More than 16 years of Experience in equity Research and Fund Management.
- Educational Background: He is a Bachelor of Management Studies from Ramniranjan Jhunjhunwala College and also has a Masters's degree in Finance from The Institute of Chartered Financial Analysts of India (ICFAI).
- Professional Journey: Before joining Bank of India Investment Managers Private Limited, he worked with IFCI Financial Services, Invesco Asset Management (India) Private Ltd., SKP Securities Ltd., NDA Securities Ltd, B&K Securities, etc.
Bank of India Investment Managers (formerly BOI AXA Investment Managers) is a wholly owned subsidiary of Bank of India, which was founded in 1906 as a banking services company and later nationalised in 1969.
- Experience: has continuously proved to be trustworthy with 14 years of rich experience in fund management and has always catered to the needs of the investors across various objectives.
- Schemes Managed: It offers approx 17 varied Mutual Fund Schemes diversified across various sectors.
- Total AUM: Bank of India Mutual Fund has an AUM of over Rs 6554.90 crore (as on 30-Jun-2023).
- Leadership Team: The leading squad of the Bank of India Mutual Fund includes Mr Mohit Bhatia as CEO/MD, Mr Alok Singh as CIO, and Ms Roshni Pawar as Investor Service Officer.
- Minimum SIP: ₹1,000
- Minimum Lumpsum: ₹5,000
- Exit Load: 1% will be charged for redemption within 3 months for units in excess of 10% of the investment
- Launch Date: 29-11-2024
This fund targets India's consumption theme, which can be attractive for long-term wealth creation. However, potential investors should consider several factors:
- Theme-based Focus: Exposure to India's growing consumption story and evolving consumer trends
- Experienced Management: Fund manager with over 16 years of experience in equity research
- Low Expense Ratio: expense ratio of 0.99% which is less than its category average expense ratio of 1.26%
- Established AMC: Backed by Bank of India with 14 years of fund management experience
- New Fund: Being relatively new (launched November 2024), the fund lacks a long-term track record
- High Risk Profile: Rated as very high risk, suitable for aggressive investors
- Recent Performance: Currently showing negative returns since inception, which is typical for new funds in volatile markets
- Concentrated Theme: Being a thematic fund, it may have higher concentration risk compared to diversified equity funds
This fund may be suitable for investors who:
- Have a long-term investment horizon (5+ years)
- Believe in India's consumption growth story
- Can tolerate high volatility
- Are comfortable with thematic investment approach
- Seek to diversify their portfolio with consumption-focused stocks
What is today's NAV of Bank of India Consumption Fund?
The current NAV varies daily. Please check with your investment platform or the AMC website for the most recent NAV.
What is the AUM of Bank of India Consumption Fund?
The AUM is ₹406.61 Cr as of 21st February 2025.
What is the expense ratio of Bank of India Consumption Fund?
The expense ratio is 0.99% as of 21st February 2025.
What are the returns of Bank of India Consumption Fund since inception?
The fund has given a CAGR return of -8.20% since inception.
What is the minimum SIP amount to invest in Bank of India Consumption Fund?
Minimum SIP Investment is set to ₹1,000.
How do I invest in Bank of India Consumption Fund?
You can invest through Allvest platform by completing your KYC, selecting the fund, and choosing between SIP or lump sum investment options.
How to start a SIP in Bank of India Consumption Fund?
Log into your Allvest account, select the fund, choose SIP option, set your monthly amount (minimum ₹1,000), and authorize the payment method.
How do I automate an SIP in Bank of India Consumption Fund?
Set up auto-debit instructions through Allvest platform by linking your bank account and selecting your preferred SIP date and amount.
How can I withdraw/redeem my investment in Bank of India Consumption Fund?
You can redeem your investment through Allvest platform by placing a redemption request. Note that 1% exit load applies for redemption within 3 months for units exceeding 10% of investment.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer