Bank of India Multi Asset Allocation Fund Direct Growth

Bank of India Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 28 February, 2024. The fund is managed by . This fund gives you the benefit of diversification.

1. Bank of India Multi Asset Allocation Fund Direct Growth has ₹333 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 0.8.
   

Bank of India Multi Asset Allocation Fund Direct Growth has given a CAGR return of 8.10% since inception. Over the last 1 year the fund has given a CAGR return of 6.14%.

Bank of India Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Corporate, Government, Financial Services, Basic Materials, Industrial, Consumer Cyclical, Cash Equivalent, Utilities, Tech, Consumer Defensive, Health, Real Estate, Communication, Energy.

As it is a multi 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the scheme is to seek long term capital growth by predominantly investing in equity and equity related securities, debt & money market instruments and Gold ETF. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/ indicate any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Multi Asset Allocation Fund Direct Growth has no lock in period.