Bank of India Multi Asset Allocation Fund Direct Growth
Hybrid
Direct
Multi Asset Allocation
NAV: ₹ 10.51 as on 15-05-2024
About the Fund
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.
Key Parameters
- Bank of India Multi Asset Allocation Fund Direct Growth has ₹310 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 1.2.
Fund Performance
95 people have invested ₹ 15.5L in Bank of India Multi Asset Allocation Fund Direct Growth in the last three months
Overview
 | 1.16% |
 Benchmark | null |
 | ₹310 Cr |
 | 28 February, 2024 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0% |
Bank of India Multi Asset Allocation Fund Direct Growth Distribution as on (30-Apr-24)
Sector Allocation
Financial Services
28.4%
Consumer Cyclical
18.8%
Industrial
16.3%
Basic Materials
15.4%
Tech
7.6%
Utilities
6.5%
Energy
2.4%
Real Estate
2.4%
Health
2.2%
Top Holdings of Bank of India Multi Asset Allocation Fund Direct Growth as on (30-Apr-24)
Equity Holdings41
Debt Holdings10
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Pru Gold ETF | 8.89% | 0% | |
 State Bank of India | 2.71% | 0% | |
 Bank of Baroda | 2.25% | 0% | |
 Trent Ltd | 1.56% | 0% | |
 Grasim Industries Ltd | 1.54% | 0% |
See all
Peer Analysis
Bank of India Multi Asset Allocation Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 4.62% since inception (28nd Feb 2024)
Fund Allocations
This fund has an allocation of 38.72% in Equity, 41.81% in Debt and 8.69% in Cash related instruments
AUM size ₹310 Cr
This fund has AUM of ₹310 Cr which is less than its category average of ₹ 3124 Cr
Expense Ratio 1.16%
This fund has an expense ratio of 1.16% which is less than its category average expense ratio of 1.21%
Frequently Asked Questions
The current NAV of Bank of India Multi Asset Allocation Fund Direct Growth is ₹10.51 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Bank of India Multi Asset Allocation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.32% | 1.32% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
1.16% as on April 2024
₹310 Cr as on April 2024
ICICI Pru Gold ETF(8.89%), Indian Railway Finance Corp Ltd. 7.44%(8.06%), REC Ltd. 7.64%(8.04%), LIC Housing Finance Ltd. 7.835%(8.04%), 7.1% Govt Stock 2029(8.02%) as on April 2024
Corporate(30%), Government(21.47%), Financial Services(11%) as on April 2024
AAA | 100 |
The Exit load of Bank of India Multi Asset Allocation Fund Direct Growth is 1%