Bank of India Balanced Advantage Fund Direct Growth
HybridDynamic Asset AllocationVery High Risk
Direct
NAV (17-May-24)
₹25.390.20%1D
Returns (Since Inception)
9.59%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹126 Cr
Expense Ratio
1.50%
ISIN
INF761K01BO6
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
14 Mar 2014
About this fund
Bank of India Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by BOI Mutual Fund. This fund has been in existence for 10 years, 2 months and 6 days, having been launched on 14-Mar-14.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹25.39, Assets Under Management (AUM) of 125.97 Crores, and an expense ratio of 1.5%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹25.39, Assets Under Management (AUM) of 125.97 Crores, and an expense ratio of 1.5%.
- Bank of India Balanced Advantage Fund Direct Growth has given a CAGR return of 9.59% since inception.
- The fund's asset allocation comprises around 77.13% in equities, 5.38% in debts, and 17.49% in cash & cash equivalents.
- You can start investing in Bank of India Balanced Advantage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+25.80%
+23.60% (Cat Avg.)
3 Years
+15.86%
+12.61% (Cat Avg.)
5 Years
+10.70%
+12.37% (Cat Avg.)
10 Years
+9.13%
+10.83% (Cat Avg.)
Since Inception
+9.59%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹97.15 Cr | 77.13% |
| Debt | ₹6.78 Cr | 5.38% |
| Others | ₹22.04 Cr | 17.49% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Canara Bank | Cash - CD/Time Deposit | ₹9.93 Cr | 7.88% |
| Reliance Industries Ltd | Equity | ₹9.93 Cr | 7.88% |
| HDFC Bank Ltd | Equity | ₹6.99 Cr | 5.55% |
| Treps | Cash - Repurchase Agreement | ₹6.5 Cr | 5.16% |
| State Bank of India | Equity | ₹4.87 Cr | 3.87% |
| Larsen & Toubro Ltd | Equity | ₹4.64 Cr | 3.68% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹3.94 Cr | 3.13% |
| ICICI Bank Ltd | Equity | ₹3.68 Cr | 2.92% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹3.68 Cr | 2.92% |
| IRB InvIT Fund Units 2017-Series IV | Equity | ₹3.42 Cr | 2.72% |
| Bank of India Arbitrage Dir Gr | Mutual Fund - Open End | ₹2.84 Cr | 2.25% |
| Titan Co Ltd | Equity | ₹2.66 Cr | 2.11% |
| NTPC Ltd | Equity | ₹2.43 Cr | 1.93% |
| ITC Ltd | Equity | ₹2.4 Cr | 1.90% |
| UltraTech Cement Ltd | Equity | ₹2.39 Cr | 1.90% |
| Bharti Airtel Ltd | Equity | ₹2.12 Cr | 1.69% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹2.12 Cr | 1.68% |
| India Grid Trust Units Series - IV | Equity | ₹2.08 Cr | 1.65% |
| Tata Consultancy Services Ltd | Equity | ₹2.02 Cr | 1.60% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹1.97 Cr | 1.56% |
| Jio Financial Services Ltd | Equity | ₹1.96 Cr | 1.56% |
| Net Receivables / (Payables) | Cash | ₹1.95 Cr | 1.55% |
| Reliance Jio Infocomm Limited | Bond - Corporate Bond | ₹1.93 Cr | 1.53% |
| Infosys Ltd | Equity | ₹1.92 Cr | 1.52% |
| Axis Bank Ltd | Equity | ₹1.8 Cr | 1.43% |
| Coal India Ltd | Equity | ₹1.79 Cr | 1.42% |
| DLF Ltd | Equity | ₹1.75 Cr | 1.39% |
| Tata Steel Ltd | Equity | ₹1.57 Cr | 1.24% |
| Asian Paints Ltd | Equity | ₹1.5 Cr | 1.19% |
| Tata Power Co Ltd | Equity | ₹1.39 Cr | 1.10% |
| Mahindra & Mahindra Ltd | Equity | ₹1.26 Cr | 1.00% |
| HCL Technologies Ltd | Equity | ₹1.22 Cr | 0.97% |
| Tata Motors Ltd | Equity | ₹1.21 Cr | 0.96% |
| Bajaj Finance Ltd | Equity | ₹1.2 Cr | 0.95% |
| Hero MotoCorp Ltd | Equity | ₹1.18 Cr | 0.94% |
| Eicher Motors Ltd | Equity | ₹1.16 Cr | 0.92% |
| Hindalco Industries Ltd | Equity | ₹1.14 Cr | 0.91% |
| Power Grid Corp Of India Ltd | Equity | ₹1.14 Cr | 0.91% |
| Kotak Mahindra Bank Ltd | Equity | ₹1.14 Cr | 0.90% |
| Adani Enterprises Ltd | Equity | ₹1.08 Cr | 0.86% |
| Maruti Suzuki India Ltd | Equity | ₹1.03 Cr | 0.81% |
| Oil & Natural Gas Corp Ltd | Equity | ₹0.99 Cr | 0.79% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹0.99 Cr | 0.78% |
| 364 DTB 11072024 | Bond - Gov't/Treasury | ₹0.99 Cr | 0.78% |
| Bank of Baroda | Equity | ₹0.98 Cr | 0.77% |
| Hindustan Unilever Ltd | Equity | ₹0.94 Cr | 0.74% |
| JSW Steel Ltd | Equity | ₹0.88 Cr | 0.70% |
| IndusInd Bank Ltd | Equity | ₹0.76 Cr | 0.60% |
| Bajaj Auto Ltd | Equity | ₹0.73 Cr | 0.58% |
| GAIL (India) Ltd | Equity | ₹0.73 Cr | 0.58% |
| Bajaj Finserv Ltd | Equity | ₹0.63 Cr | 0.50% |
| Nestle India Ltd | Equity | ₹0.61 Cr | 0.48% |
| Grasim Industries Ltd | Equity | ₹0.59 Cr | 0.47% |
| Dr Reddy's Laboratories Ltd | Equity | ₹0.52 Cr | 0.41% |
| Tech Mahindra Ltd | Equity | ₹0.52 Cr | 0.41% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹0.48 Cr | 0.38% |
| Cipla Ltd | Equity | ₹0.48 Cr | 0.38% |
| Wipro Ltd | Equity | ₹0.45 Cr | 0.36% |
| SBI Life Insurance Company Limited | Equity | ₹0.42 Cr | 0.33% |
| Bharat Petroleum Corp Ltd | Equity | ₹0.38 Cr | 0.30% |
| Britannia Industries Ltd | Equity | ₹0.37 Cr | 0.29% |
| Divi's Laboratories Ltd | Equity | ₹0.37 Cr | 0.29% |
| HDFC Life Insurance Company Limited | Equity | ₹0.36 Cr | 0.29% |
| Tata Consumer Products Ltd | Equity | ₹0.33 Cr | 0.26% |
| LTIMindtree Ltd | Equity | ₹0.28 Cr | 0.22% |
| Shriram Finance Ltd | Equity | ₹0.28 Cr | 0.22% |
| Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.0.50) | Equity | ₹0.01 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
72.78%
Mid Cap Stocks
1.98%
Small Cap Stocks
2.72%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹25.06 Cr | 19.89% |
| Energy | ₹14.17 Cr | 11.25% |
| Industrials | ₹14.12 Cr | 11.21% |
| Consumer Cyclical | ₹9.23 Cr | 7.33% |
| Basic Materials | ₹8.09 Cr | 6.42% |
| Utilities | ₹7.77 Cr | 6.17% |
| Technology | ₹6.4 Cr | 5.08% |
| Consumer Defensive | ₹4.64 Cr | 3.68% |
| Healthcare | ₹3.82 Cr | 3.03% |
| Communication Services | ₹2.12 Cr | 1.69% |
| Real Estate | ₹1.75 Cr | 1.39% |
Risk & Performance Ratios
Standard Deviation
This fund
11.45%
Cat. avg.
7.46%
Lower the better
Sharpe Ratio
This fund
0.89
Cat. avg.
0.95
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.90
Higher the better
Fund Managers
AS
Alok Singh
Since December 2021
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF761K01BO6 | Expense Ratio | 1.50% | Exit Load | 1.00% | Fund Size | ₹126 Cr | Age | 14 Mar 2014 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Composite Debt Index TR INR |
|---|
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Dynamic Asset Allocation Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Motilal Oswal Balance Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1247.43 Cr | 27.0% |
| Motilal Oswal Balance Advantage Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1247.43 Cr | 28.5% |
| Quant Dynamic Asset Allocation Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1046.84 Cr | 61.0% |
| Quant Dynamic Asset Allocation Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1046.84 Cr | 58.5% |
| Bandhan Balanced Advantage Fund Direct Growth Moderately High risk | 0.6% | 1.0% | ₹2228.68 Cr | 20.5% |
| Bandhan Balanced Advantage Fund Regular Growth Moderately High risk | 1.9% | 1.0% | ₹2228.68 Cr | 18.9% |
| Mahindra Manulife Balanced Advantage Fund Regular Growth Very High Risk | 2.3% | 1.0% | ₹731.33 Cr | 28.9% |
| Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹731.33 Cr | 31.1% |
| Mirae Asset Balanced Advantage Fund Direct Growth High Risk | 0.7% | 1.0% | ₹1570.06 Cr | 22.3% |
| Mirae Asset Balanced Advantage Fund Regular Growth High Risk | 2.1% | 1.0% | ₹1570.06 Cr | 20.6% |
About the AMC
Total AUM
₹6,856 Cr
Address
B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013
Other Funds by BOI Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of Bank of India Balanced Advantage Fund Direct Growth?
The NAV of Bank of India Balanced Advantage Fund Direct Growth, as of 17-May-2024, is ₹25.39.
What are the returns of Bank of India Balanced Advantage Fund Direct Growth?
The fund has generated 25.80% over the last 1 year and 15.86% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Bank of India Balanced Advantage Fund Direct Growth?
The fund's allocation of assets is distributed as 77.13% in equities, 5.38% in bonds, and 17.49% in cash and cash equivalents.
Who manages the Bank of India Balanced Advantage Fund Direct Growth?
The fund managers responsible for Bank of India Balanced Advantage Fund Direct Growth are:-
- Alok Singh
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.