Bank of India Balanced Advantage Fund Direct Growth

Bank of India Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 14 March, 2014. The fund is managed by . This fund gives you the benefit of diversification.

1. Bank of India Balanced Advantage Fund Direct Growth has ₹134 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 1.2.
   

Bank of India Balanced Advantage Fund Direct Growth has given a CAGR return of 9.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 4.35%, 13.33% and 13.61% respectively.

Bank of India Balanced Advantage Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Corporate, Cash Equivalent, Energy, Industrial, Consumer Cyclical, Utilities, Basic Materials, Tech, Consumer Defensive, Health, Communication, Real Estate.

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The Fund aims at providing long term capital appreciation / income from a dynamic mix of equity and debt investments. There is no assurance that the investment objectives of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Balanced Advantage Fund Direct Growth has no lock in period.