Data as on 30th April 2024

Bank Of India Credit 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 :
    CRISIL Credit Risk Debt C-II 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 April, 2024.

This product is suitable for investors who are seeking*:

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

Benchmark Riskometer: CRISIL Credit Risk Debt C-II Index:

<!--<ul> <p>The above Riskometer is based on the portfolio as on December 31, 2021.</p> <li> Long term capital appreciation. </li> <li>Investment primarily in corporate debt securities with medium to long term maturities across the credit spectrum within the universe of investment grade rating.</li> </ul> <p>*Investor should consult their financial advisor if they are not clear about the suitability of the product.</p>-->

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 11.7%
Century Textiles & Industries Limited 10.4%
Steel Authority of India Limited 10.0%
JSW Steel Limited 8.8%
Manappuram Finance Limited 8.7%
GIC Housing Finance Limited 8.7%
360 One Prime Limited 8.7%
Godrej Industries Limited 8.7%
National Bank For Agriculture and Rural Development 6.4%
ICICI Bank Limited 4.1%

Credit Profile

55.3
AA
12.2
A1+
12.1
Others*
11.7
TREPS
8.7
AA+

Asset Allocation

70.2%
Corporate Debt
21.1%
Cash & Other Receivables
8.4%
Money Market Instruments
0.3%
Corporate Debt Market Development Fund
0%
Preference Shares
  • Scheme
  • Benchmark

Fund Performance

Total Expense Ratio

Performance(Regular Plan)
1 yr 6.0 % 8.0 %
3 yrs 39.1 % 6.8 %
5 yrs 11.1 % 7.8 %
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