NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Bank of India Credit Risk Fund -Growth for NRI [13.28]

Min Investment

₹5,000

Fund Size

₹105.96 Cr

Expense Ratio

1.5%

Exit Load

4%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹13.28

0.02%

NAV as on 05 Mar 26, 12:00 AM

moderately high risk

credit risk

debt

NAV as on 05 Mar 26, 12:00 AM

moderately high risk

credit risk

debt

11.59%p.a.

Last 1Y

7.75%p.a.

Last 3Y

27.16%p.a.

Last 5Y

2.59%p.a.

Since Inception

About Bank of India Credit Risk Fund -Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Bank of India Credit Risk Fund -Growth scheme from Bank of India Mutual Fund. It is a Credit Risk mutual fund scheme that predominantly invests in Credit Risk stocks of companies. Launched on Feb 2015, Bank of India Credit Risk Fund -Growth is Credit Risk fund of its category with 105.96 Cr fund under management as on Mar 2026. The expense ratio of this fund is less than that of most other Fund category Credit Risk funds.

  • Bank of India Credit Risk Fund -Growth delivered 11.6% annual returns during the last year. It has delivered 2.6% average annual returns since the fund was launched.
  • Bank of India Credit Risk Fund -Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The Scheme’s investment objective is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating. To achieve this objective, the Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies.

Top 10 Holdings

Repo

12.26%

Net Receivables

10.26%

JSW STEEL LIMITED 8.50 NCD 12OT27 FVRS10LAC

9.41%

14% Amanta Healthcare Limited (Preference Share) ** #

0.00%

NUVOCO VISTAS CORPORATION LIMITED 7.75 NCD 28AG25 FVRS10LAC

4.74%

CENTURY TEXTILES AND INDUSTRIES LIMITED SR XXI 8.10 LOA 25AP26 FVRS1LAC

9.43%

MANAPPURAM FINANCE LIMITED SR B 8.80 NCD 29SP25 FVRS1LAC

8.55%

Others Class A2 AIF

0.45%

360 ONE PRIME LIMITED SR II TR I 9.22 NCD 18JL25 FVRS1000

9.35%

NIRMA LIMITED SR VII TR B 8.40 NCD 07AP26 FVRS1LAC

9.44%

Fund Managers

  1. Alok Singh (Feb 2015 - Present)

Key Information

View Scheme Document

Bank of India Credit Risk Fund -Growth SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Bank of India Credit Risk Fund -Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Bank of India Credit Risk Fund -Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Bank of India Credit Risk Fund -Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

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