Bank of India Balanced Advantage Fund Direct IDCW

Hybrid
Dynamic Asset Allocation
Very High Risk
Payout
9.59%
3Y annualised
+0.62% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 08 Feb 2023₹11.94
Min. SIP amount₹1,000
Rating2
Fund size₹90.90Cr

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 returns15.6%9.6%5.5%7.9%
Category average3.6%9.5%7.5%NA
Rank with in category11314NA
Understand terms

Holdings (57)

NameSectorInstrumentAssets
Reliance Industries Ltd.EnergyEquity7.8%
HDFC Bank Ltd.FinancialEquity6.4%
ICICI Bank Ltd.FinancialEquity6.4%
State Bank of IndiaFinancialEquity4.2%
IRB InvIT FundConstructionInvITs3.6%
Larsen & Toubro Ltd.ConstructionEquity3.3%
Reserve Bank of India
FinancialT-Bills3.2%
Bank of India Arbitrage Fund Direct - Growth
FinancialMutual Fund2.9%
Housing Development Finance Corporation Ltd.FinancialEquity2.7%
Infosys Ltd.TechnologyEquity2.7%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

1Y category rank: 1
5Y annualised returns lower than category average by 1.98%
Lower expense ratio: 1.23%
Low rating: 2
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Higher alpha: 1.85 The fund has generated returns higher than benchmark - NIFTY 50 Hybrid Composite debt 50:50 Index - in the last 3Y
Consistently higher annualised returns than category average for the past 1Y and 3Y

Expense ratio, exit load and tax

Expense ratio: 1.23%

Inclusive of GST

Exit load

For units more than 10% of the investments, an exit load of 1% if redeemed within 1 year.

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 management

Alok Singh
Dec 2021 - Present
View details

Education
Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience
Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
Also manages these schemes

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
NA
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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