Overview
Bank of India Balanced Advantage Fund Direct Growth
Bank of India Mutual Fund
The scheme aims at generating long term returns with lower volatility by following a disciplined allocation between equity and debt securities. The equity allocation will be determined based on the month end P/E ratio of the CNX Nifty Index.
Investments in Bank of India Balanced Advantage Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 25.8628
Fund Size (AUM)
₹132.04 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹1000
Launch Date
14-Mar-2014
Expense Ratio
1.4%
Exit Load
Exit load of 1%, if redeemed within 3 months.
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Standard Deviation
10.46
History
Performance & Ratios
1-Year SIP Return
-2.82%
3-Year SIP Return
9.92%
5-Year SIP Return
11.51%
Mean Return
2.01%
Alpha
-1.07
Beta
0.95
Sharpe Ratio
0.36
Sortino Ratio
0.72
Information Ratio
-0.44
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 3.65% | 10.24% | 13.3% | 7.25% |
| Category Average | 7.8% | 11.08% | 14.77% | N/A |
| Rank Within Category | 31 | 25 | 21 | N/A |
Holdings (65)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.78% |
| ICICI Bank Ltd. | Financial | Equity | 4.74% |
| Reliance Industries Ltd. | Energy | Equity | 4.54% |
| State Bank of India | Financial | Equity | 3.87% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 3.85% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds/NCD | 3.82% |
| AU Small Finance Bank Ltd. | Financial | CD | 3.65% |
| GOI | Sovereign | GOI Sec | 2.89% |
| Bharti Airtel Ltd. | Communication | Equity | 2.39% |
| NTPC Ltd. | Energy | Equity | 2.04% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund Direct Growth | 94824.34 | 10.74 | 19.79 | 0.88 | N/A |
| Baroda BNP Paribas Balanced Advantage Fund Direct Growth | 4073.23 | 9.95 | 14.24 | 0.77 | N/A |
| SBI Balanced Advantage Fund Direct Growth | 34015.41 | 9.04 | 13.96 | 0.71 | N/A |
| ICICI Prudential Balanced Advantage Direct Growth | 60591.13 | 11.47 | 13.24 | 0.92 | N/A |
| Tata Balanced Advantage Fund Direct Growth | 10075.2 | 7.56 | 12.03 | 0.36 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 1000
Multiplier: 100
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 7, 10, 15, 20, 25
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 7, 10, 15, 20, 25
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Bank of India Mutual Fund
Bank of India Mutual fund started their mutual fund on 31/03/2008 and its managing total assets of Rs. 4,325 Cr. Its ranked at 29 as per total assets at end of 30th Sep 2017. Bank of India Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Bank of India Mutual fund is basically a joint venture between Bank of India and AXA Investment Managers, which is one of the key players in the financial protection industry. Both these companies are trusted brands and have a global presence. Bank of India has 5000 branches across the country and is spread over 22 countries and 5 continents.
AXA is located in 21 countries and has an asset under management of EUR 746 Billion. Bank of India holds 51% stake, while AXA Investment Manager holds 49%.
BOI AXA Mutual Funds provide different schemes under various categories of mutual funds, like equity, debt and hybrid. An investor can choose the respective scheme as per his/her risk appetite and investment duration. The AMC always aims to keep investor's objective as its focal point.
Launch Date
2008-03-31T00:00:00.082Z
Total AUM
₹ 11430.13 Cr
Address
B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Phone
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Bank of India Balanced Advantage Fund Direct Growth
Bank of India Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Bank of India Balanced Advantage Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Bank of India Balanced Advantage Fund Direct Growth?
The top stocks held by Bank of India Balanced Advantage Fund Direct Growth include HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd..
Which industries does Bank of India Balanced Advantage Fund Direct Growth invest in?
Bank of India Balanced Advantage Fund Direct Growth primarily invests in the following industries: Financial, Energy, Sovereign.
Who is the fund manager of Bank of India Balanced Advantage Fund Direct Growth?
The fund manager of Bank of India Balanced Advantage Fund Direct Growth is Alok Singh.
How many years has the fund manager been managing Bank of India Balanced Advantage Fund Direct Growth?
Alok Singh: Calculating...
What is the minimum investment for Bank of India Balanced Advantage Fund Direct Growth?
The minimum investment for Bank of India Balanced Advantage Fund Direct Growth is ₹5000 for lumpsum investments and ₹1000 for SIPs.
What are the average 1-year returns for Bank of India Balanced Advantage Fund Direct Growth?
Calculating...
What are the average 3-year returns for Bank of India Balanced Advantage Fund Direct Growth?
Calculating...
What is the expense ratio of Bank of India Balanced Advantage Fund Direct Growth, and how does it compare to its category?
The expense ratio of Bank of India Balanced Advantage Fund Direct Growth is 1.4%. The average expense ratio for similar funds in the Hybrid is Calculating....