Bank of India Small Cap Fund
Direct · GrowthAI Summary
Bank of India Small Cap Fund has delivered strong SIP XIRR across horizons, with 27.34% (1Y), 26.32% (3Y), 27.68% (5Y), and 25.3% (7Y), beating the category average SIP XIRR of 17.53%, 20.09%, 22.84%, and 21.77% respectively. Against the NIFTY SMALLCAP 250 benchmark, the fund shows positive alpha at every horizon, including 19.59% over 1Y and 7.23% over 3Y. The lump-sum record is also solid, with the benchmark Fund CAGR of 28.81% (7Y) and 18.18% (5Y) against benchmark CAGRs of 19.72% and 12.09%.
The fund demonstrates defensive characteristics with downside capture well below 100% at all horizons, ranging from 81.29% (1Y) to 88.87% (3Y), while beta stays between 0.86 and 0.94. The maximum drawdown of just -0.32% with a 32-day duration and 137-day recovery indicates limited recent capital loss, though 5 drawdown events exceeding 10% have occurred historically. Calmar ratios of 0.94-0.98 across 1Y-5Y windows reflect solid risk-adjusted returns for a small cap fund.
The top 10 holdings are well diversified, each capped between 2.1% and 3.08% of NAV, led by Acutaas Chemicals (3.08%), Wockhardt (2.92%), and Lloyds Metals (2.6%). Sector exposure is spread across Pharmaceuticals & Biotechnology (9.0%), Auto Components (8.6%), Industrial Products (8.6%), Electrical Equipment (8.4%), and Consumer Durables (7.6%), showing no single sector dominates. With 74 total holdings, the portfolio offers a good balance between diversification and conviction positioning.
The fund clearly outperforms category peers on SIP XIRR, with a 5Y XIRR of 27.68% versus the category average of 22.84%, a spread of nearly 5 percentage points. Consistency is evident across calendar years, including strong gains of 71.33% (2021), 42.15% (2023), and 31.67% (2024), alongside controlled losses in down years like -8.2% (2025) and -1.24% (2022). Persistent positive alpha across 1Y to 15Y horizons reinforces its peer-leading positioning.
This fund suits investors seeking high growth from the small cap segment with above-average downside protection, but it should be a satellite allocation within a diversified portfolio. A time horizon of at least 5-7 years is recommended, as shown by the strong 5Y (30.7%) and 7Y (27.73%) rolling mean returns. Investors must tolerate interim volatility, as evidenced by 5 drawdown events exceeding 10% and calendar year swings from -8.2% to +71.33%.
- Consistently beats the category average SIP XIRR by roughly 4-10 percentage points across 1Y, 3Y, 5Y, and 7Y horizons
- Low downside capture (79.24% to 88.87%) with positive alpha at every measured horizon versus NIFTY SMALLCAP 250
- Well diversified 74-stock portfolio with no single stock above 3.08% of NAV and balanced sector allocation
- Inherent small cap volatility, including 5 drawdown events greater than 10% and calendar year returns swinging from -8.2% to +71.33%
- Underperformance in the lump-sum 1Y benchmark CAGR of 16.64% versus the fund's SIP XIRR of 27.34%, indicating entry-point sensitivity for lump-sum investors
Generated on 01-11-2026, 3:03 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹13.52 L | 33.8% | -37.4% | 123.9% |
| 3 Years | ₹36.00 L | ₹52.77 L | 29.1% | 1.4% | 62.5% |
| 5 Years | ₹60.00 L | ₹1.10 Cr | 27.8% | 10.8% | 41.3% |
| 7 Years | ₹84.00 L | ₹2.06 Cr | 25.4% | 20.3% | 27.9% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY SMALLCAP 250 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 33.8% | 21.9% | 17.5% | +11.9% |
| 3 Years | 29.1% | 15.2% | 20.1% | +13.9% |
| 5 Years | 27.8% | 14.3% | 22.8% | +13.6% |
| 7 Years | 25.4% | 14.4% | 21.8% | +11.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 31.7% | 25.3% | -20.0% | 126.4% | 0.79 | 5.38 | 87% | — | — |
| 3 Years | 30.6% | 29.2% | 15.2% | 48.2% | 2.86 | — | 100% | — | — |
| 5 Years | 30.7% | 32.2% | 17.9% | 42.0% | 3.33 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY SMALLCAP 250
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +19.59 | 0.92 | 99.9% | 81.3% | 16.6% | -3.7% |
| 3 Years | +7.23 | 0.94 | 95.5% | 88.9% | 18.6% | 11.7% |
| 5 Years | +6.69 | 0.89 | 91.0% | 84.6% | 18.2% | 12.1% |
| 7 Years | +10.78 | 0.87 | 90.4% | 81.6% | 28.8% | 19.7% |
| 10 Years | +8.46 | 0.86 | 89.1% | 79.2% | 19.9% | 12.3% |
| 12 Years | +6.73 | 0.86 | 89.1% | 79.2% | 16.4% | 10.2% |
| 15 Years | +5.07 | 0.86 | 89.1% | 79.2% | 12.9% | 8.0% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Acutaas Chemicals Limited | 3.08% |
| 2 | Wockhardt Limited | 2.92% |
| 3 | Lloyds Metals And Energy Limited | 2.60% |
| 4 | Quality Power Electrical Eqp Ltd | 2.57% |
| 5 | Indian Bank | 2.53% |
| 6 | City Union Bank Limited | 2.52% |
| 7 | Computer Age Management Services Limited | 2.39% |
| 8 | Sky Gold And Diamonds Limited | 2.32% |
| 9 | FIEM Industries Limited | 2.31% |
| 10 | Eris Lifesciences Limited | 2.10% |