Data As On 31st October 2022

Bank Of IndiaCREDIT RISK FUND

  • Fund Type : An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds. A Moderate Interest Rate Risk and Relatively High Credit Risk.
    Entry Load : Nil
    Date of Allotment : February 27, 2015
    Features : Liquity SIP SWP STP
  • Benchmark :
    • Tier 1: CRISIL Credit Risk Fund CII Index
    Exit Load :
    • 4% if redeemed within 12 months from the date of allotment.
    • 3% if redeemed after 12 months but within 24 months from the date of allotment.
    • 2% if redeemed after 24 months but within 36 months from the date of allotment.
    • Nil if redeemed after 36 months from the date of allotment.

Investment 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. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund Manager

  • ALOK SINGH

    CFA and PGDBA from
    ICFAI Business School.

    ALOK SINGH
    See detail

Fund Highlights

  • An open-ended credit risk fund suitable for long-term deployment of funds.
  • Suitable only for long-term, sophisticated investors with a horizon of atleast 3 years
  • Seeks to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum.
  • Aims to provide superior risk adjusted returns by investing in vanilla and structured corporate credit issuances across the credit spectrum.
  • Click here for KIM
  • Click here for SID

Riskometer

Scheme Riskometer:

The above Riskometer is based on the portfolio as on October, 2022.

This product is suitable for investors who are seeking*:

  • Long term capital appreciation
  • Investment primarily in corporate debt securities with medium to long term maturities across the credit spectrum within the universe of investment grade rating

Benchmark Riskometer (Benchmark Riskometer Nifty 50 Hybrid Composite Debt 50:50 Index TRI):

Potential Risk Class Matrix
Credit Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest rate Risk
Relatively Low (Class I)
Moderate (Class II) C-II
Relatively High (Class III)

Top 10 Portfolio Holdings

Portfolio Details % to Net Assets
TREPS 10.8%
Tata Motors Finance Limited 9.6%
Steel Authority of India Limited 9.3%
Vedanta Limited 9.1%
Piramal Capital & Housing Finance Limited 9.1%
Manappuram Finance Limited 9.0%
Godrej Industries Limited 8.9%
National Bank For Agriculture and Rural Development 8.8%
Indian Railway Finance Corporation Limited 6.3%
Tata Motors Limited 5.6%

Credit Profile

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Asset Allocation

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  • Scheme
  • Benchmark

Fund Performance

Performance(Regular Plan)

Period Scheme Benchmark
1 yr 141.6 % 6.3 %
3 yrs 13.4 % 8.7 %
5 yrs -4.1 % 8.6 %
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