Bank of India Small Cap Fund Stress Test (March 2024): Bank of India Mutual Fund has released the latest stress test report of its small cap fund. The result shows how much time Bank of India Small Cap Fund fund will take to sell its portfolio in case a large number of investors apply for redemption in a bad market condition.
It has become mandatory for small cap mutual funds to do the stress test and publish the results on their websites as well as on the website of Association of Mutual Funds in India once every 15 days, starting from March 15, 2024. This means, you can see fresh stress test results of all small cap funds on AMFI’s website twice every month.
What does latest Bank of India Small Cap Fund Stress Test says
Bank of India Small Cap Fund’s Stress Test shows it will take 2 days to sell-off 50% of its portfolio. The fund house will take 1 days to liquidate 25% of its portfolio. This is as per the disclosure of Stress Test and Liquidity Analysis by the fund house for February 2024.
The stress test result of a mutual fund scheme shows how much time its AMC will take to sell its portfolio or liquidate holdings to meet demand in case a large number of investors apply for redemption in a bad market condition.
Also Read: QUANT Small Cap Fund Stress Test ( March 2024 )
As of 19 March 2024 , the total AUM of this scheme was Rs 920.27 crore. This includes investment in both regular and direct plans and across all growth and dividend options. The date of allotment of this scheme is 19 December 2018. The fund’s website shows it has given an annualized return of 38.15% since inception (as per data available on the fund’s website on February 29, 2024). The fund has been managed by Dhruv Bhatia.
Bank of India Small Cap Fund is an open ended equity scheme predominantly investing in small cap stocks.
You can also check the latest Stress Test report of Bank of India Small Cap Fund and other schemes on AMFI’s website.
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