3 Year return

15.98%
NAV on May 29 2024 25.64
1D Returns -0.12%
Launched on February 2014 (10 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹125.97 Cr.

Expense Ratio

1.41% (inclusive of GST)

Exit Load

For redemption/ switch ou of initial units allotted within 3 months from the date of allotment: 1% Exit Load Any redemption/ switch out from the date of allotment of units after 3 months: Nil

Ratings

ARQ Rating
3

Ratings by other agencies

2
0
2

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Bank of India Mutual Fund Managers

AS

Alok Singh

Fund Manager since Feb 2024

View Details

Fund House Details

Bank of India Mutual Fund

Bank of India Mutual Fund Asset management company

AUM ₹6,554.91 Cr.
No. of Schemes 62
Setup Date March 2008

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

HDFC Balanced Advantage Fund IDCW Plan Direct Plan Payout

23.98%

4

Baroda BNP Paribas Balanced Advantage Fund Direct Plan IDCW Payout

15.79%

3

Edelweiss Balanced Advantage Fund Direct Plan Quarterly IDCW Payout

14.7%

5

Schemes by Bank of India Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Bank of India Balanced Advantage Fund Direct Plan Growth

The About Bank of India Balanced Advantage Fund Direct Plan Growth is managed by Bank of India Mutual Fund, which is the Asset Management Company (AMC) responsible for this fund. The fund falls under the category of Balanced Advantage Funds, which are designed to dynamically manage the allocation between equity and debt instruments based on market conditions.

Investment Objectives of the Scheme

The primary objective of the About Bank of India Balanced Advantage Fund Direct Plan Growth is to generate long-term capital appreciation while managing the risk associated with market volatility. The fund aims to achieve this by dynamically allocating its assets between equity and debt securities, providing investors with the potential for growth while also offering some level of stability.

Key Features of The Fund

5-year return 10.78%
Expense Ratio 1.41%
Fund Manager Alok Singh
Fund Size ₹125.97 Cr
Risk Profile Very High

Is This Scheme Right for Me?

This fund can be a good fit for investors seeking a balance between growth potential and risk management. It caters to both conservative investors looking for exposure to equities with a reduced risk profile, as well as those who want a diversified investment strategy managed by professionals. Additionally, it can suit individuals with a medium- to long-term investment horizon who are open to having their portfolio allocation adjusted as per market conditions.

AMC Contact Details

Name Bank of India Mutual Fund
Launch Date March 2008
Addresss Bank of India Investment Managers Private Limited, B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013.
Contact 022-612490001800 - 266 - 2676 1800 - 103 – 226391-22-61249024
Email service@boimf.in
Website https://www.boimf.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Enhance the Creation of Long-Term Wealth With SIPs

SIPs are an effective strategy for building long-term wealth. SIPs leverage the power of compounding by continuously making small, regular investments at regular periods, which lets your money increase substantially over time. This tactic works especially well for reaching financial goals in the long run. With the help of mutual fund SIP calculator, you can efficiently plan your SIP investments and estimate possible returns.

FAQs

What is today's NAV of Bank of India Balanced Advantage Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Bank of India Balanced Advantage Fund May 29 2024 is 25.6441

What is the AUM of Bank of India Balanced Advantage Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Bank of India Balanced Advantage Fund is 125.97 crore.

What is the expense ratio of Bank of India Balanced Advantage Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Bank of India Balanced Advantage Fund is 1.41%

What are the returns of Bank of India Balanced Advantage Fund since inception?

The Bank of India Balanced Advantage Fund was launched on Feb 21 2014. The fund has delivered a CAGR of 9.7 since inception.

What is the minimum SIP amount to invest in Bank of India Balanced Advantage Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Bank of India Balanced Advantage Fund is 1000.

How do I invest in Bank of India Balanced Advantage Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Bank of India Balanced Advantage Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Bank of India Balanced Advantage Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Bank of India Balanced Advantage Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.
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