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Bank of India Credit Risk Fund - Direct Plan download report


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 2.42 Lakh

₹ 10000

Monthly SIP Grown to
₹ 2.16 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Bank of India Credit Risk Direct-G 139.37 -0.07 0.12 0.55 1.19 126.31 142.44 13.74 -3.80 0.22 --
CCIL T Bill Liquidity Weight 1.21 0.05 0.09 0.28 0.61 1.05 2.04 2.63 3.27 3.65 --
Debt: Credit Risk 11.54 -0.11 0.15 0.85 1.62 10.54 16.30 6.22 4.85 6.36 --
Rank within category 1 3 11 15 14 1 1 1 15 14 --
Number of funds in category 15 15 15 15 15 15 15 15 15 14 0

As on 05-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Bank of India Credit Risk Fund - Direct Plan  | Invest Online
Suspended
Feb-15 142.44 13.74 -3.80 1.27 166
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
4 star
Mar-14 4.19 8.10 7.50 0.95 8,631
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
4 star
Jan-13 5.51 8.29 8.04 0.88 7,943
SBI Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.41 7.16 6.86 0.92 2,964
Axis Credit Risk Fund - Direct Plan
4 star
Jul-14 4.57 7.47 6.71 0.81 671

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 122.22 29-Mar-2022 - 05-Apr-2022 -50.28 22-Apr-2020 - 29-Apr-2020
Month 123.07 11-Mar-2022 - 12-Apr-2022 -51.84 30-Mar-2020 - 29-Apr-2020
Quarter 137.26 25-Jan-2022 - 27-Apr-2022 -51.13 17-Feb-2020 - 18-May-2020
Year 150.23 31-Mar-2021 - 31-Mar-2022 -72.18 30-Apr-2019 - 29-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Bank of India Credit Risk Direct-G 34.41 77.75 0.40 0.95 -32.26 2.07
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Credit Risk 7.57 9.54 0.97 1.32 -5.56 -0.90
Rank within category 1 15 11 10 1 8
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 14 7 36
Modified Duration (yrs) 0.91 0.91 0.08 --
Average Maturity (yrs) 1.05 1.05 0.08 --
Yield to Maturity (%) 6.74 6.74 2.40 --
Avg Credit Rating AA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Tata Motors Finance 27/02/2023 Debenture AA- 0.00 - 9.63 9.62
equal 9.00% SAIL 14/10/2024 Bonds AA 0.00 - 9.35 9.35
down 9.20% Vedanta 2022 Non Convertible Debenture AA 0.00 - 9.41 9.09
equal 8.35% Piramal Capital & Housing Finance 23/09/2023 Non Convertible Debenture AA 0.00 - 9.05 9.05
equal 6.92% Godrej Industries 14/05/2025 Debenture AA 0.00 - 8.91 8.86
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 8.76 8.76
new 8.95% Indian Railway Finance Corporation 2025 Bonds AAA 0.00 - 6.32 6.32
equal 7.45% Manappuram Finance 22/12/2023 Non Convertible Debenture AA 0.00 - 6.03 6.01
equal 9.27% Tata Motors 30/06/2023 Debenture AA- 0.00 - 5.68 5.65
equal 8.84% Tata Power Company 21/02/2023 Debenture AA 0.00 - 9.04 4.14
equal 9.75% Manappuram Finance 2022 Debenture AA 0.00 - 3.05 3.03
equal 5.00% Accelarating Education and Development 30/09/2023 Debenture D 0.43 - 1.01 0.45
equal 14.00% Accelarating Education and Development 30/09/2023 Debenture D 0.44 - 1.03 0.45

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

*As on 30-Jun-2022

Fund Manager

— Alok Singh since 06-Feb-2015

Education: Mr. Singh is a CFA and PGDBA from ICFAI Business School.

Experience: Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank

Funds Managed:


-0.07%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 10.5197


Investment Strategy

The Scheme will invest predominantly in corporate debt securities. There will be no exposure in the portfolio to dated Government Securities and State Development Loans.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 5,000
Min. SIP Investment (₹) --
Min. No of Cheques --
Min. Withdrawal (₹) 5,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 4% for redemption within 365 days
3% for redemption between 366 - 730 days
2% for redemption between 731 - 1095 days

Basic Details

Fund House: Bank of India Mutual Fund
Launch Date: 27-Feb-2015
Return Since Launch: 0.65%
Benchmark: CRISIL Credit Risk Fund CII Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 166 Cr (As on 31-Jul-2022)
Expense Ratio: 1.27% (As on 30-Jun-2022)
Risk Grade: Low
Return Grade: Low

Contact Information

AMC: Bank of India Investment Managers Private Limited

Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013

Email: [email protected]

Website: https://www.boimf.in/

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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