Bank Of IndiaBUSINESS CYCLE FUND

  • Fund Type : An open ended equity scheme investing in sector based on its business cycle
    Entry Load : Nil
    Date of Allotment : 30 August, 2024
    Features : Liquity SIP SWP STP
  • Benchmark :
    First Tier Benchmark: NIFTY 500 Total Return Index
    Exit Load :
    • NIL – There will be no exit load within 3 months from the date of allotment for redemption/switch out upto 10% of the units allotted”
    • 1% - Any redemption/switch out in excess of the above mentioned limit would be subject to an exit load of 1%, if the units are redeemed/ switched out within 3 months from the date of allotment of units.
    • NIL – There will be no exit load on any redemption/switch out after 3 months from the date of allotment of units

Investment Objective

The Investment objective of the Scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance 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

  • Macro/ Trends based investing.
  • Top down approach to portfolio construction.
  • Sector and Market Cap agnostic.
  • Intended investment in themes & businesses that are at the cusp-of or undergoing expansionary phase in Business Cycle.

Riskometer

Scheme Riskometer:

This product is suitable for investors who are seeking*:

  • Long term capital appreciation.
  • Investment in equity and equity related instruments with a focus on navigating business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.

As per AMFI, Tier I Benchmark is NIFTY 500 TRI. Investors understand that their principal will be at very high risk.

#It may be noted that the scheme risk-o-meter specified above is based on the internal assessment of scheme characteristics and may vary post NFO, when the actual investments are made.

Fund Advantages

  • Macro/ Trends based investing
  • Top down approach to portfolio construction
  • Sector & Market cap agnostic
  • Intended investment in themes & businesses that are at the cusp-of or undergoing expansionary phase in Business Cycle

Allocation Strategy

  • ( 80% to 100% ) - Equity and Equity Related Instruments
  • ( 0% to 20% ) - Debt and Money Market instruments
  • ( 0% to 10% ) - Equity Units issued by REITs and InvITs

Liq-uity

 

Liq-uity is a revolutionary new concept in investing where the daily gains, if any, from BOI AXA Liquid Fund (BALF) or BOI AXA Ultra Short Duration Fund  get transferred (BAUSDF) to BOI AXA Large & Mid Cap Fund (BALMCF) / BOI AXA MANUFACTURING & INFRASTRUCTURE FUND (BAMIF) on all business days. So your capital is liquid, and your daily gains keep growing! Could there be a better way to invest?

Liq-uity is a revolutionary new concept in investing where the daily gains, if any, from BOI AXA Liquid Fund (BALF) or BOI AXA Ultra Short Duration Fund (BAUSDF) get transferred to BOI AXA Large & Mid Cap Fund (BAELMCF) / BOI AXA MANUFACTURING & INFRASTRUCTURE FUND (BAMIF) on all business days. So your capital is liquid, and your daily gains keep growing! Could there be a better way to invest?

WHAT IS Liq-uity

  • For investors opting for the Daily Dividend Transfer Facility under Liq-uity in BALF/ BAUSDF, the daily dividend gets transferred to BALMCF / BAMIF while the initial investment remains invested in BALF / BAUSDF.
  • For investors opting for the Growth Option, the daily appreciation in NAV gets switched from BALF / BAUSDF in to BALMCF/ BAMIF. To effect the switch, the Units in BALF/BAUSDF will automatically get redeemed to the extent of the daily appreciation amount and the appreciation amount will be invested in BALMCF/ BAMIF.
  • Daily transfer of such gains enables you to ride market volatility with the endeavor to optimize returns.

Advantages of Liq-uity

  • Enables investors to get the best out of both fixed income and equity investments
    • Enjoy the benefits of Liq-uity
    • Enjoy the opportunity to earn attractive returns in line with equity markets
  • Conservative
    • Only your gains earned from BALF / BAUSDF are transferred to  BALMCF/ BAMIF
    • Initial Capital remains invested in BALF / BAUSDF at all times
  • Daily Participation in Equities
    • Take advantage of Rupee Cost Averaging on a daily basis (on all business days)
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