Bank of India Banking & Financial Services Fund - Direct Plan - IDCW

Bank of India Banking & Financial Services Fund - Direct Plan - IDCW lags behind most of its peers in the Sectoral category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 37/100.

Cost: At 1.61%, the expense ratio runs 53% above the Sectoral category average of 1.05%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.26 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, with 20.51% annualised volatility, this is among the more turbulent funds in its space — expect sharp swings in both directions.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Equity fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.