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
₹84.97
0.74%
NAV as on 19 Nov 24, 12:00 AM
very high risk
large & mid cap
equity
NAV as on 19 Nov 24, 12:00 AM
very high risk
large & mid cap
equity
26.63%p.a.
Last 1Y
14.29%p.a.
Last 3Y
19.28%p.a.
Last 5Y
14.49%p.a.
Since Inception
About Bank of India Large & Mid Cap Equity Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Large & Mid Cap Equity Fund 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 Growth is Large & Mid-Cap fund of its category with 364.78 Cr fund under management as on Nov 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 Growth delivered 26.6% annual returns during the last year. It has delivered 14.5% average annual returns since the fund was launched.
- Bank of India Large & Mid Cap Equity Fund 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
HDFC Bank Ltd
7.24%
State Bank of India
3.86%
Tata Consultancy Services Ltd
3.76%
Larsen & Toubro Ltd
3.69%
Indus Towers Ltd Ordinary Shares
3.17%
Reliance Industries Ltd
3.17%
Indian Bank
3.15%
Vedanta Ltd
2.99%
Tata Technologies Ltd
2.75%
Hero MotoCorp Ltd
2.50%
Fund Managers
- Nitin Gosar (Sep 2022 - Present)
Key Information
View Scheme Document
Bank of India Large & Mid Cap Equity Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Bank of India Large & Mid Cap Equity Fund 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 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 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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Frequently Asked Questions
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