This Small Cap Fund Gave 151.86% Returns Over 3-Years

The Bank of India Small Cap Fund mutual fund scheme has given absolute returns of 151.86% returns over 3-years. It has generated 35.53% annualised returns, which is higher than the category average returns of 27% over same period.

Small fund size yet big returns

Despite the small fund size of Rs 411.81 crore, Bank of India Small Cap Fund has delivered 184.30% absolute returns since inception. If a person had started a SIP of Rs 10,000 per month for 3 years, the value of the investment would be Rs 5.46 lakhs today. For the total SIP investment amount for Rs 3.6 lakhs, the growth is of 51.78 per cent. However, please note that past performance is not indicative of future good returns.

Portfolio constituents

The portfolio includes 94.6%of equity holdings and remaining is cash. Its top 4 sector holdings are Construction(16.1%), Financials(15.3%), Capital Goods(13.2%), and Chemicals(13.2%). Bank of India Small Cap Fund holds 65 companies in its portfolio which include top banks like ICICI Bank, Federal Bank, Canara bank and City Union Bank Ltd that have performed really well. It also holds two stocks that are part of Apollo group which have robustly performed over few years.

Rankings and Risks

Bank of India Small Cap has been ranked number 2 by Crisil and Morningstar has given a 5-star rating. The portfolio has heavy investments into equities of 94.6%, with bare minimum investments in cash and no investments in debt. Also note a large portion is given to construction sector that is extremely volatile. So, please note the investment risk is extremely high. We are merely sharing the facts about the funds and not providing any recommendations.

Disclaimer

Mutual fund investments are subject to market risk. The above-mentioned information is purely informational and doesn't guarantee any return. Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.