Bank of India Balanced Advantage Fund - Direct (IDCW)
Dynamic Asset Allocation or Balanced AdvantageNAV
15.53(0.24%)Fund Size (CR)
₹135.85Expense Ratio
1.22Scheme Type
Active FundValue Research
Min. investment
₹5,000Minimum Additional Investment
₹1,000Minimum SIP Investment
₹1,000Minimum Withdrawal
₹1,000Exit Load
1%Return Since Launch
8.81%
- 3M
- 6M
- 1Y
- 3Y
- All
Basic Details
Scheme Manager
Alok Singh
Bench Mark
Nifty 50 Hybrid Composite Debt 50:50 Index
Type
OPEN
Lumpsum Returns
| Period Invested For | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
|---|---|---|---|---|---|---|
| 1 Week | 23 December 2024 | 9920.20 | -0.80% | - | -0.06% | 133/145 |
| 1 Month | 29 November 2024 | 9821.22 | -1.79% | - | -0.35% | 137/145 |
| 3 Month | 30 September 2024 | 9348.36 | -6.52% | - | -3.24% | 129/145 |
| 6 Month | 28 June 2024 | 9643.53 | -3.56% | - | 2.01% | 137/141 |
| 1 Year | 29 December 2023 | 10733.46 | 7.33% | 7.33% | 13.33% | 127/133 |
| 3 Year | 30 December 2021 | 15030.10 | 50.30% | 14.55% | 12.08% | 8/107 |
| 5 Year | 30 December 2019 | 17217.12 | 72.17% | 11.48% | 12.78% | 63/83 |
| Since Inception | 14 March 2014 | 24913.00 | 149.13% | 8.81% | 11.96% | 130/143 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 1 January 2024 | 1,30,000 | 208276.12 | 60.21% | 60.21% |
| 3 Year | 3 January 2022 | 3,70,000 | 715588.87 | 93.40% | 24.59% |
| 5 Year | 1 January 2020 | 6,10,000 | 1305907.35 | 114.08% | 16.44% |
| 10 Year | 1 January 2015 | 12,10,000 | 2606091.01 | 115.38% | 7.97% |
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
Mutual Funds Calculator
- Investment type
- Scheme based
- SIP
- Lumpsum
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
3.46%
Standard Deviation
0.82%
Beta
0.67%
Sharpe Ratio
0.06%
Treynor's Ratio
3.79%
Jension's Alpha
Asset Allocation
Sector Allocation
Top 10 stock holding in portfolio
| Stock Invested in | % of Total Holdings | Quantity | Value (Cr) | Asset Type | Segment |
|---|---|---|---|---|---|
| HDFC Bank | 7.47% | 56491 | 10.15 | Equity | Banks |
| Reliance Industr | 5.53% | 58138 | 7.51 | Equity | Refineries |
| ICICI Bank | 4.45% | 46456 | 6.04 | Equity | Banks |
| St Bk of India | 4.09% | 66249 | 5.56 | Equity | Banks |
| Infosys | 2.70% | 19719 | 3.66 | Equity | IT - Software |
| Kotak Mah. Bank | 2.48% | 19095 | 3.37 | Equity | Banks |
| Bharti Airtel | 2.18% | 18233 | 2.97 | Equity | Telecomm-Service |
| IRB InvIT Fund | 2.13% | 500000 | 2.90 | Equity | Infrastructure Investment Trusts |
| TCS | 2.03% | 6456 | 2.76 | Equity | IT - Software |
| NTPC | 2.02% | 75307 | 2.74 | Equity | Power Generation & Distribution |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Bank of India Balanced Advantage Fund - Direct (IDCW) | 135.85 | -1.79% | -6.52% | -3.56% | 7.33% | 14.55% | |
| Quant Dynamic Asset Allocation Fund-Direct (G) | 1341.13 | -1.56% | -7.93% | -3.14% | 21.64% | - | |
| Quant Dynamic Asset Allocation Fund-Direct (IDCW) | 1341.13 | -1.56% | -7.93% | -3.14% | 21.63% | - | |
| AXIS Balanced Advantage Fund - Direct (G) | 2599.22 | -0.40% | -2.48% | 4.62% | 18.99% | 13.60% | |
| AXIS Balanced Advantage Fund - Direct (IDCW) | 2599.22 | -0.39% | -2.44% | 4.69% | 18.99% | 13.61% | |
| WhiteOak Capital Balanced Advantage Fund - Dir (G) | 1272.64 | 0.05% | -0.79% | 6.11% | 18.69% | - |
News
Bank of India MF announces change in Fund Manager of the following schemes
Bank of India Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 01 October 2024Change in Fund Managers of the Schemes:
Scheme Name Existing Fund Manager(s) New Fund Manager(s) Bank of India Small Cap Fund Mr. Dhruv Bhatia Mr. Alok Singh Bank of India Blue Chip Fund Mr. Dhruv Bhatia ' Mr. Alok Singh
' Mr. Nilesh Jethani ' Co-Fund ManagerBank of India Midcap Tax Fund - Series 1 Mr. Dhruv Bhatia Mr. Nilesh Jethani Bank of India Midcap Tax Fund - Series 2 Mr. Dhruv Bhatia Mr. Nilesh Jethani Bank of India Arbitrage Fund Mr. Alok Singh Mr. Firdaus Ragina Powered by Capital Market - Live News
Fund House Details & Investment Objective
Date of Incorporation
21 February 2014
Total AUM (Cr)
₹135.85
Bank of India Balanced Advantage Fund - Direct (IDCW) is an Dynamic Asset Allocation or Balanced Advantage-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in 21 February 2014, this fund is managed by Alok Singh. With assets under management (AUM) worth ₹135.85 (Cr), as of 1 January 2025, Bank of India Balanced Advantage Fund - Direct (IDCW) is categorized as a Dynamic Asset Allocation or Balanced Advantage within its segment. The fund has generated a return of 8.81% since its launch.
The current NAV of Bank of India Balanced Advantage Fund - Direct (IDCW) is ₹15.53, as on 1 January 2025. The fund's benchmark index is Nifty 50 Hybrid Composite Debt 50:50 Index. You can invest in Bank of India Balanced Advantage Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1,000 while the minimum lumpsum investment is ₹5,000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
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 The fund has generated 14.55% and 11.48% CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 74.15% in Equity, 20.57% in Debt and 5.28% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 21.54% in Debt, 19.33% in Banks, 13.69% in Cash & Others, 6.03% in Petroleum Products, 6.01% in IT-Software
FAQs
How to Invest in Bank of India Balanced Advantage Fund - Direct (IDCW) Direct Growth?
Bank of India Balanced Advantage Fund - Direct (IDCW) is a popular fund in the Dynamic Asset Allocation or Balanced Advantage segment. The fund has generated a return of 8.81% since inception. Looking to invest in Bank of India Balanced Advantage Fund - Direct (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Balanced Advantage Fund - Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Bank of India Balanced Advantage Fund - Direct (IDCW)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Bank of India Balanced Advantage Fund - Direct (IDCW) today and reap the benefits of this Dynamic Asset Allocation or Balanced Advantage fund!
How much returns has Bank of India Balanced Advantage Fund - Direct (IDCW) Direct Growth generated?
What is the expense ratio of Bank of India Balanced Advantage Fund - Direct (IDCW) Direct Growth?
What is the AUM of Bank of India Balanced Advantage Fund - Direct (IDCW) Fund Direct Growth?
How to redeem or withdraw money from Bank of India Balanced Advantage Fund - Direct (IDCW) Direct Growth?
Redeeming or selling units of Bank of India Balanced Advantage Fund - Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from Bank of India Balanced Advantage Fund - Direct (IDCW):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case Bank of India Balanced Advantage Fund - Direct (IDCW)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).