Bank of India Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 28 February, 2024. The fund is managed by . This fund gives you the benefit of diversification.
Bank of India Multi Asset Allocation Fund Direct Growth has given a CAGR return of 8.60% since inception.
Bank of India Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Corporate, Government, Industrial, Financial Services, Consumer Cyclical, Basic Materials, Utilities, Tech, Cash Equivalent, Communication, Energy.
As it is a multi 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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The investment objective of the scheme is to seek long term capital growth by predominantly investing in equity and equity related securities, debt & money market instruments and Gold ETF. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/ indicate any returns.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Multi Asset Allocation Fund Direct Growth has no lock in period.
Expense ratio | 1.23% |
Benchmark | null |
AUM | ₹346 Cr |
Inception Date | 28 February, 2024 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 0% |
Risk | Very High Risk |
Bank of India Multi Asset Allocation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.24% | 0.24% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
AAA | 100 |