Bank of India Balanced Advantage Fund Direct Growth

Hybrid
Direct
Dynamic Asset Allocation
Bank of India Balanced Advantage Fund Direct Growth

About the Fund

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.

Key Parameters

  1. Bank of India Balanced Advantage Fund Direct Growth has ₹133 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.4.

Returns

Bank of India Balanced Advantage Fund Direct Growth has given a CAGR return of 10.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.45%, 17.34% and 13.80% respectively.

Holdings

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

Taxation

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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Bank of India Balanced Advantage Fund Direct Growth

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 and lockin period

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.

Fund Performance
zero opening, trading, fund transfer fee
23 people have invested ₹ 96.8K in Bank of India Balanced Advantage Fund Direct Growth in the last three months

Fund Overview

Expense ratio1.4%
Benchmark
null
AUM₹133 Cr
Inception Date14 March, 2014
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1%
Lock InNo Lock-in
TurnOver
37.35%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 77.6%

  • Debt & Cash 22.4%

Large cap
73.7%

Mid cap
3%

Small cap
2.5%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
28.2%
Industrial
14.9%
Energy
12.9%
Basic Materials
9.3%
Consumer Cyclical
8.3%
Utilities
8%
Tech
6.6%
Consumer Defensive
4.5%
Health
3.3%
Communication
2.4%
Real Estate
1.5%
All changes are between Oct'69 and Dec'69

Mutual Fund Insights

Insights icon
Over the last 1 month, this fund has experienced a 5.5% growth in AUM moving from 126.44 Cr to 133.45 Cr.
Insights icon
In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 58.33% return, outperforming this fund by 31.88%.
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In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 20.92% return, outperforming this fund by 7.12% per annum.
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In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 25.33% return, outperforming this fund by 7.99% per annum.

Bank of India Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 10.07% since inception which is less than its category average return of 13.37%
Fund Allocations

Fund Allocations

This fund has an allocation of 77.63% in Equity, 10.32% in Debt and 12.05% in Cash related instruments
AUM size ₹133 Cr

AUM size ₹133 Cr

This fund has AUM of ₹133 Cr which is less than its category average of ₹ 8521 Cr
Expense Ratio 1.4%

Expense Ratio 1.4%

This fund has an expense ratio of 1.4% which is more than its category average expense ratio of 1.32%

Frequently Asked Questions

The current NAV of Bank of India Balanced Advantage Fund Direct Growth is ₹26.91 as on 16-Jul-2024.
Existing (Absolute + CAGR) as on 16-Jul-2024.
Bank of India Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.53%
2.53%
6 Month Returns
10.78%
10.78%
1 Year Returns
26.45%
26.45%
3 Years Returns
61.55%
17.34%
5 Years Returns
90.82%
13.8%
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.
1.4% as on June 2024
₹133 Cr as on June 2024
Reliance Industries Ltd(6.77%), HDFC Bank Ltd(5.93%), Bajaj Finance Limited(5.17%), State Bank of India(4.07%), Hindustan Aeronautics Ltd Ordinary Shares(3.94%) as on June 2024
Financial Services(21.92%), Cash Equivalent(11.97%), Industrial(11.57%) as on June 2024
AAA
100
The Exit load of Bank of India Balanced Advantage Fund Direct Growth is 1%