Bank of India Balanced Advantage Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 21.7 as on 29-09-2023
Fund Performance
14 people have invested ₹ 1.2L in Bank of India Balanced Advantage Direct Growth in the last three months
Fund Insights
In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 30.84% return, outperforming this fund by 18.1% per annum.
In the last 1 year, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 28.49% return, outperforming this fund by 12.2%.
In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 16.76% return, outperforming this fund by 9.05% per annum.
About the Fund
Bank of India Balanced Advantage 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.
Key Parameters
- Bank of India Balanced Advantage Direct Growth has ₹102 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 1.6.
Bank of India Balanced Advantage Direct Growth Overview
 | 1.64% |
 Benchmark | null |
 | ₹102 Cr |
 | 14 March, 2014 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 37.35% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
80.4%
Small cap
3.6%
Mid cap
2.3%
Sector Allocation
Financial Services
29%
Energy
11.9%
Industrial
11.9%
Basic Materials
10%
Tech
8.2%
Utilities
7.6%
Consumer Defensive
6.9%
Consumer Cyclical
6.4%
Health
4.6%
Real Estate
1.8%
Communication
1.7%
Top Holdings of Bank of India Balanced Advantage Direct Growth as on (31-Aug-23)
Equity Holdings58
Debt Holdings3
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.12% | 24.1% | |
 Reliance Industries Ltd | 7.85% | 0% | |
 State Bank of India | 4.03% | 0% | |
 ICICI Bank Ltd | 3.78% | -22.2% | |
 ITC Ltd | 3.72% | 0% |
See all
Bank of India Balanced Advantage Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 101.6 Cr as of Aug'23
- AUM decreased by 2.1 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 8.46% since inception which is less than its category average return of 10.48%
Fund Allocations
This fund has an allocation of 84.48% in Equity, 1.1% in Debt and 14.42% in Cash related instruments
AUM size ₹102 Cr
This fund has AUM of ₹102 Cr which is less than its category average of ₹ 7879 Cr
Expense Ratio 1.64%
This fund has an expense ratio of 1.64% which is more than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Bank of India Balanced Advantage Direct Growth is ₹21.71 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Bank of India Balanced Advantage Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2% | 2% |
6 Month Returns | 13.23% | 13.23% |
1 Year Returns | 16.3% | 16.3% |
3 Years Returns | 43.29% | 12.74% |
5 Years Returns | 44.92% | 7.7% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.64% as on August 2023
₹102 Cr as on August 2023
HDFC Bank Ltd(8.12%), Reliance Industries Ltd(7.85%), State Bank of India(4.03%), ICICI Bank Ltd(3.78%), ITC Ltd(3.72%) as on August 2023
Financial Services(24.48%), Cash Equivalent(14.42%), Energy(10.08%) as on August 2023
AAA | 100 |
The Exit load of Bank of India Balanced Advantage Direct Growth is 1%