Bank of India Balanced Advantage Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 25.22 as on 24-04-2024
Fund Performance
15 people have invested ₹ 1.1L in Bank of India Balanced Advantage Direct Growth in the last three months
Mutual Fund Insights
In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 19.18% return, outperforming this fund by 8.93% per annum.
Over the last 6 months, this fund has experienced a 16.8% growth in AUM moving from 104.16 Cr to 121.69 Cr.
In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 61.42% return, outperforming this fund by 34.02%.
In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 26.64% return, outperforming this fund by 10.87% per annum.
About the Bank of India Balanced Advantage Direct Growth
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 ₹122 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.5.
Bank of India Balanced Advantage Direct Growth Overview
 | 1.5% |
 Benchmark | null |
 | ₹122 Cr |
 | 14 March, 2014 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 37.35% |
Bank of India Balanced Advantage Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
76.4%
Small cap
2.9%
Mid cap
2%
Sector Allocation
Financial Services
25.1%
Energy
14.8%
Industrial
14%
Consumer Cyclical
9%
Basic Materials
8%
Tech
7.9%
Utilities
7.3%
Health
5.4%
Consumer Defensive
4.7%
Communication
2.1%
Real Estate
1.7%
Top Holdings of Bank of India Balanced Advantage Direct Growth as on (31-Mar-24)
Equity Holdings60
Debt Holdings6
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Reliance Industries Ltd | 8.27% | 0% | |
 HDFC Bank Ltd | 5.47% | 0% | |
 Larsen & Toubro Ltd | 3.99% | 0% | |
 State Bank of India | 3.52% | 0% | |
 ICICI Bank Ltd | 2.88% | 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 121.7 Cr as of Mar'24
- AUM increased by 3 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Bank of India Balanced Advantage Direct Growth 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 9.58% since inception which is less than its category average return of 11.62%
Fund Allocations
This fund has an allocation of 79.62% in Equity, 6.5% in Debt and 13.88% in Cash related instruments
AUM size ₹122 Cr
This fund has AUM of ₹122 Cr which is less than its category average of ₹ 8144 Cr
Expense Ratio 1.5%
This fund has an expense ratio of 1.5% which is more than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of Bank of India Balanced Advantage Direct Growth is ₹25.22 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Bank of India Balanced Advantage Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.9% | 1.9% |
6 Month Returns | 18.64% | 18.64% |
1 Year Returns | 27.11% | 27.11% |
3 Years Returns | 55.6% | 15.88% |
5 Years Returns | 62.82% | 10.24% |
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.
1.5% as on March 2024
₹122 Cr as on March 2024
Reliance Industries Ltd(8.27%), Canara Bank(8.11%), HDFC Bank Ltd(5.47%), Larsen & Toubro Ltd(3.99%), State Bank of India(3.52%) as on March 2024
Financial Services(20.02%), Energy(11.77%), Industrial(11.11%) as on March 2024
AAA | 100 |
The Exit load of Bank of India Balanced Advantage Direct Growth is 1%