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Fund Facts
  • Name of Fund:
    Bank of India Consumption
  • Opening:
    29th November 2024
  • Closing:
    13th December 2024
  • Scheme Type:
    Open Ended Equity Sectoral/ Thematic - Consumption
  • Minimum Investment:
    Rs. 5,000 and in multiples of Rs. 1/- thereafter.
  • Plan:
    Regular and Direct
  • Options:
    Growth and IDCW
  • Entry Load:
    Not Applicable
  • Exit Road:
    1% of NAV if units are redeemed/switched out in excess of 10% of the units purchased within 3 months from the date of allotment
  • Thereafter:
    Nil

Fund Stats

Objective

The Investment objective of the Scheme is to provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors.

  • Benchmark:

  • NIFTY CONSUMPTION

  • Fund Manager:

  • Nitin Gosar

Asset Allocation

80-100 % Equity
upto 20% Money Market
Comparable existing schemes
HSBC Consumption Fund 24.30(6M) 36.69(1Y)
Kotak Consumption Fund 19.93(6M) 32.71(1Y)

Fund Prognosis

Idea Distiller

India, we are told is a consuming economy. Ergo, more the consumption, more the topline and thereby the profits.

  • Fund House AAUM:

  • Rs 1033572.97 Lakhs(as on 30th September, 2024)

  • Fund Manager:

  • Experience of above 16 years

Scheme DNA 4 fundamentals

  • UNIQNESS
  • RETURN
  • RISK
  • OPERABILITY

OOMP Factor

Really low for me. But then this is the easy sell for the fund house and therefore the choice.