Bank of India Mfg & Infra Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bank of India Mfg & Infra Fund Direct Growth Plan has a NAV of ₹79.25 as of 10 Sep 2026 and a scheme AUM of ₹948 Cr. Its 1-year, 3-year and 5-year returns are 19.07%, 21.56% and 21% respectively, and the scheme sits in the High Risk bucket.

Our view is that this is a fund for investors who can live with sharp swings in pursuit of stronger long-run compounding. It has stayed ahead of the Nifty 50 over 3 years and 5 years, but the shorter-term pattern has been less smooth, so the fund suits a patient horizon more than a quick tactical allocation.

Quick facts

Particular	Details
NAV	₹79.25 as of 10 Sep 2026
AUM	₹948 Cr
Expense Ratio	0.63%
Launch Date	01 Jan 2013
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	NIL upto 10% of units and 1% for in execss of above Limit on or before 1Y, NIL after 1Y
Fund Managers	Nitin Gosar

The fund is managed by Nitin Gosar.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.34%	-4.06%
3M	7.84%	1.37%
1Y	19.07%	-7.31%
3Y	21.56%	6.07%
5Y	21%	5.91%

The recent pattern is mixed, but not fragile. Over 1 month the fund was slightly negative, yet it still held up better than the benchmark, which fell more sharply. Over 3 months, the fund recovered well and moved decisively ahead of the Nifty 50, which tells us the short-term trend has been stronger than the weakest one-month point suggests.

The 1-year number is especially notable because the fund stayed positive while the benchmark was negative. That gap matters: it shows the scheme did not just outperform in a rising market, it also managed to preserve a positive return in a period when the benchmark struggled. For investors, that makes the recent scorecard more credible than a simple one-period spike.

Longer-term returns remain the cleaner story. The 3-year and 5-year figures both show the fund ahead of the benchmark by a wide margin, and the 5-year return suggests the strategy has compounded well across a full market cycle. The shorter-term wobble does not overturn that longer-run pattern, but it does remind us that the ride can be uneven.

Our reading is that the fund has delivered stronger compounding than the benchmark, while accepting noticeably higher volatility along the way. That combination is consistent with a specialised equity approach rather than a broad market sleeve.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Bank of India Mfg & Infra?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

Already holding Bank of India Mfg & Infra? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Bank of India Mfg & Infra Fund Direct Growth Plan	19.07%	21.56%	21%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	73.94%	37.12%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	29.94%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	29.26%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.3%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.13%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is materially below the faster-moving peer examples in this set, but that does not change the more important longer-run picture. Its 3-year and 5-year returns are both solid and compare well with peers that have data over the same horizons, especially where the longer record is available.

That split tells us the fund may be less exciting in the short run than some thematic peers, yet more useful when the focus is on steadier compounding across multiple years. The peer set also shows that several funds here have limited longer-term history, so the cleaner comparison for this scheme remains its own 3-year and 5-year record rather than a one-year chase for the highest number.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Reliance Industries Limited	Crude Oil	7.93%
TREPS	Cash & Cash Equivalents and Net Assets	7.92%
Larsen & Toubro Limited	Infrastructure	5.43%
NTPC Limited	Power	4.71%
Dixon Technologies (India) Limited	Consumer Durables	3.87%
ITC Limited	FMCG	3.55%
Petronet LNG Limited	Inds. Gases & Fuels	3.5%
Aurobindo Pharma Limited	Healthcare	3.48%
Bharti Airtel Limited	Telecom	3.31%
Quality Power Electrical Eqp Ltd	Domestic Equities	3.1%

The largest holding is Reliance Industries Limited at 7.93%, which is meaningful but not excessive on its own. The second-largest holding, TREPS, is almost the same size, which tells us part of the portfolio is held in liquid cash-equivalent exposure rather than being fully deployed into one stock or one theme.

From the first holding to the tenth, the weights ease down gradually rather than collapsing in one step. That pattern suggests the portfolio is built around a handful of material positions, but not around a single dominant idea. Larsen & Toubro, NTPC, Dixon Technologies, ITC and Petronet LNG all remain large enough to matter, so individual stock selection may still have a noticeable effect.

Because the top 10 holdings account for approximately 46.8% of the portfolio and the scheme discloses 51 holdings in total, the fund appears moderately concentrated with a long tail beyond the largest names. That mix may help diversify company-specific risk, but the top holdings still look important enough that changes in a few positions could influence returns.

To see all holdings, visit the Bank of India Mfg & Infra Fund Direct Growth Plan page

Source data date: as of 10 Sep 2026

Who should invest

This fund suits investors who can handle High Risk equity exposure and are comfortable with periods of short-term noise. The 1-year return is positive but has been less striking than the 3-year and 5-year record, so the scheme looks better for a long horizon than for near-term outcome chasing.

The main trade-off is clear: the fund has outpaced the Nifty 50 over 3 years and 5 years, but it has done so with a more uneven path and with a portfolio that still relies on a handful of sizeable holdings. That makes it more appropriate for investors who want specialised equity exposure and can accept volatility in exchange for long-run compounding.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Units sold on or before 1 year carry no exit load on up to 10% of units, and 1% on the portion above that limit. Units sold after 1 year have no exit load.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Bank of India Mfg & Infra Fund Direct Growth Plan?
The current NAV is ₹79.25 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 19.07%, the 3-year return is 21.56%, and the 5-year return is 21%.

How does the fund compare with the Nifty 50 benchmark?
It has outpaced the benchmark over 1 year, 3 years and 5 years. The fund’s longer-run edge is especially clear because the benchmark stayed well below it across those horizons.

How does it compare with the peer funds shown here?
Its 1-year return is below several of the peer funds listed, but its 3-year and 5-year figures remain solid against the longer records available in this peer set. The short-term comparison and longer-term comparison do not tell the same story.

Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹1000.

Who manages the fund and what is the risk profile?
The fund is managed by Nitin Gosar and it is categorised as High Risk. That combination fits an investor who can tolerate volatility and keep a long horizon.

Bottom line

Bank of India Mfg & Infra Fund Direct Growth Plan has a steadier longer-term case than a short-term one. Its recent return pattern has been more uneven, but the 3-year and 5-year numbers show stronger compounding than the benchmark and a cleaner long-run profile than the latest one-year comparison alone suggests. The portfolio is not overly dependent on a single stock, yet the top holdings still matter. In our view, the fund is best understood as a high-risk, long-horizon equity option for investors who can accept volatility.

Published on 11 September 2026 at 10:07 AM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.