NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹87.94
0.24%
NAV as on 14 May 24, 12:00 AM
very high risk
large & mid cap
equity
NAV as on 14 May 24, 12:00 AM
very high risk
large & mid cap
equity
41.38%p.a.
Last 1Y
21.62%p.a.
Last 3Y
21.13%p.a.
Last 5Y
15.15%p.a.
Since Inception
About Bank of India Large & Mid Cap Equity Fund Eco Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Large & Mid Cap Equity Fund Eco Growth scheme from Bank of India Investment Managers Private Limited. It is a Large & Mid-Cap mutual fund scheme that predominantly invests in Large & Mid-Cap stocks of companies. Launched on Oct 2008, Bank of India Large & Mid Cap Equity Fund Eco Growth is Large & Mid-Cap fund of its category with 310.46 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Large & Mid-Cap funds.
- Bank of India Large & Mid Cap Equity Fund Eco Growth delivered 41.4% annual returns during the last year. It has delivered 15.2% average annual returns since the fund was launched.
- Bank of India Large & Mid Cap Equity Fund Eco Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The Scheme seeks to generate income and long-term capital appreciation by investing through a diversified portfolio of predominantly large cap and mid cap equity and equity related securities including equity derivatives. The Scheme is in the nature of large and mid cap fund. The Scheme is not providing any assured or guaranteed returns.
Top 10 Holdings
Reliance Industries Ltd
6.21%
HDFC Bank Ltd
5.84%
Larsen & Toubro Ltd
4.53%
State Bank of India
3.57%
Hero MotoCorp Ltd
3.27%
Indus Towers Ltd Ordinary Shares
3.15%
NTPC Ltd
2.86%
Ashok Leyland Ltd
2.59%
Tata Consultancy Services Ltd
2.35%
Steel Authority Of India Ltd
2.09%
Fund Managers
- Nitin Gosar (Sep 2022 - Present)
Key Information
View Scheme Document
Bank of India Large & Mid Cap Equity Fund Eco Growth SIP Calculator
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For a period of
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This Fund
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NRI Mutual Fund Tax on Bank of India Large & Mid Cap Equity Fund Eco Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Bank of India Large & Mid Cap Equity Fund Eco 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 Large & Mid Cap Equity Fund Eco 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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