Bank of India Hybrid Fund & Small-Cap Valuation Warning
By Market Desk
Explore Bank of India Conservative Hybrid Fund details, assets, and returns alongside Kotak Equities’ stark warning on overvalued mid and small-cap stocks.
Kotak Institutional Equities Managing Director and Co-Head Sanjeev Prasad warned that mid-cap and small-cap stocks are becoming increasingly overvalued. He suggested that current market prices lack fundamental support and warrant investor caution.
Fund Metrics and Returns
The Bank of India Conservative Hybrid Fund Direct Growth Plan operates with an AUM of Rs 65 crore as of September 21, 2026. Managed by Alok Singh and active since January 1, 2013, the fund reports a NAV of Rs 38.00.
Performance figures show annualized returns of 2.94% over 1 year, 6.60% over 3 years, and 9.67% over 5 years. The medium-risk scheme carries an expense ratio of 1.24% with a minimum SIP investment of Rs 1,000.
Asset Allocation and Tax Rules
Portfolio holdings feature a significant allocation to corporate debt at 40.56%, cash and cash equivalents at 20.31%, and government securities at 11.97%. Exit loads apply a 1% charge for redemptions on or before one year, excluding 10% of the investment.
Tax implications require redemptions within one year to follow the investor income tax slab. Redemptions after one year face a tax rate of 12.5%.