Data As On 31st October 2022

Bank Of IndiaBALANCED ADVANTAGE FUND

  • Fund Type : An Open Ended Dynamic Asset Allocation Fund
    Entry Load : Nil
    Date of Allotment : March 14, 2014
    Features : Liquity SIP SWP STP
  • Benchmark :
    Benchmark Nifty 50 Hybrid Composite Debt 50:50 Index TRI
    Exit Load :
    • For redemption/switch out upto 10% of the initial units allotted -within 1 year from the date of allotment: “NIL”
    • Any redemption/switch out - in excess of the above mentioned limit would be subject to an exit load of 1%, if the units are redeemed/switched out within 1 year from the date of allotment of units.
    • If the units are redeemed/switched out after 1 year from the date of allotment of units : “Nil”

Investment Objective

The Bank of India Balanced Advantage 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.

Fund Manager

  • Alok Singh

    CFA and PGDBA from ICFAI Business School.

    Alok Singh  
    See detail

Fund Highlights

  • Open-ended dynamic asset allocation fund investing in both equity and debt.
  • Suitable for medium-term deployment of funds -Ideal for those who have an investment horizon of 2+ years.
  • The fund follows a dynamic asset allocation between equity and fixed income based on equity market valuations.
  • The fund can invest between 0-100% in equities and 0-100% in Fixed Income depending on market valuation expectation and trend. Upto 10% of the portfolio can be invested in units of InvITs / REITs
  • Click here for KIM
  • Click here for SID

Riskometer

Scheme Riskometer:

The above Riskometer is based on the portfolio as on October, 2022.

This product is suitable for investors who are seeking*:

  • Long term capital appreciation
  • Dynamic asset allocation between equity and fixed income based on equity market valuations

Benchmark Riskometer (Benchmark Riskometer Nifty 50 Hybrid Composite Debt 50:50 Index TRI):

Benchmark Riskometer Nifty 50 Hybrid Composite Debt 50:50 Index TRI as on October 31, 2021.

Top 10 Portfolio Holdings

Portfolio Details % to Net Assets
Reliance Industries Limited 8.1%
ICICI Bank Limited 6.8%
HDFC Bank Limited 6.2%
Government of India 4.4%
State Bank of India 4.1%
Clearing Corporation of India Ltd 3.8%
India Grid Trust InvIT Fund 3.5%
IRB InvIT Fund 3.4%
Larsen & Toubro Limited 3.4%
Bank of India Mutual Fund 3.0%

Credit Profile

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Asset Allocation

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  • Scheme
  • Benchmark

Fund Performance

Performance(Regular Plan – Growth)

Period Scheme Benchmark
1 yr 13.5 % 4.6 %
3 yrs 10.8 % 16.0 %
5 yrs 4.8 % 12.3 %

IDCW History(Regular Plan- Regular IDCW)

Record Date IDCW (`/Unit)
25-June-2018 0.02449771
25-June-2018 0.02449722
29-July-2021 0.40000000
29-July-2021 0.40000000
CLICK HERE TO VIEW THE IDCW HISTORY
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