Bank of India Balanced Advantage Fund Direct IDCW

Hybrid
Dynamic Asset Allocation
Very High Risk
Payout
16.44%
3Y annualised
+0.12% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 May 2024₹15.67
Min. SIP amount₹1,000
Rating2
Fund size₹125.97Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns28.1%16.4%10.9%9.8%
Category average25.6%12.7%12.1%NA
Rank with in category11319NA
Understand terms

Holdings (65)

NameSectorInstrumentAssets
EnergyEquity7.88%
Canara Bank
FinancialCD7.88%
FinancialEquity5.55%
FinancialEquity3.87%
ConstructionEquity3.68%
Capital GoodsEquity3.13%
FinancialEquity2.92%
SovereignGOI Sec2.92%
ConstructionInvITs2.72%
Bank of India Arbitrage Fund Direct - Growth
NAMutual Fund2.25%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
5Y and 10Y annualised returns lower than category average
Higher alpha: 2.77 The fund has generated returns higher than benchmark - NIFTY 50 Hybrid Composite debt 50:50 Index - in the last 3Y
Higher expense ratio: 1.4%
Consistently higher annualised returns than category average for the past 1Y and 3Y
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 1.40%

Inclusive of GST

Exit load

Exit load of 1%, if redeemed within 3 months.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund house & investment objective

Fund house contact details

Address
B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Phone
NA
Launch Date
31 Mar 2008
Website
BOI AXA Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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