Bank of India Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV as on 29-01-2025
₹ 24.99
▲0.8%
1D
Inception Returns
8.8%
/yr
About Bank of India Balanced Advantage Fund Direct Growth
Bank of India Balanced Advantage Fund 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 Fund Direct Growth has ₹133 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.2.
Returns
Bank of India Balanced Advantage Fund Direct Growth has given a CAGR return of 8.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 3.36%, 13.74% and 11.00% respectively.
Holdings
Bank of India Balanced Advantage Fund Direct Growth has allocated its funds majorly in Government, Corporate, Financial Services, Cash Equivalent, Tech, Industrial, Energy, Consumer Cyclical, Utilities, Basic Materials, Health, Consumer Defensive, Communication, Real Estate.
Taxation
As it is a dynamic asset allocation mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Bank of India Balanced Advantage Fund Direct Growth
The Fund aims at providing long term capital appreciation / income from a dynamic mix of equity and debt investments. There is no assurance that the investment objectives of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Balanced Advantage Fund Direct Growth has no lock in period.
Historical NAV & Returns
Bank of India Balanced Advantage Fund Direct Growth Overview
| Expense ratio | 1.22% |
Benchmark | null |
| AUM | ₹133 Cr |
| Inception Date | 14 March, 2014 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 46.05% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (29-Jan-25)
Fund Distribution
as on (30-Nov-24)
- AUM of the fund stands at 133 Cr as of Dec'24
- AUM decreased by 2.8 Cr between Dec'24 and Nov'24
Top 3 Sectors in December were Financial Services, Government & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.53% | 0% | |
 ICICI Bank Ltd | 4.48% | 34.8% | |
 Reliance Industries Ltd | 4.29% | 0% | |
 State Bank of India | 3.96% | 0% | |
 Infosys Ltd | 2.79% | 43.7% |
Mutual Fund Insights
Bank of India Balanced Advantage Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹133 Cr
Expense Ratio 1.22%
Frequently Asked Questions for Bank of India Balanced Advantage Fund Direct Growth
Bank of India Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.16% | -3.16% |
6 Month Returns | -7.35% | -7.35% |
1 Year Returns | 3.36% | 3.36% |
3 Years Returns | 47.14% | 13.74% |
5 Years Returns | 68.47% | 11% |
- 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.
AAA | 100 |