BANK OF INDIA BALANCED ADVANTAGE FUND REGULAR PLAN GROWTH

Fund House: Bank of India Mutual Fund
Category: Hybrid: Dynamic Asset Allocation
Launch Date: 14-03-2014
Asset Class: Mixed Asset
Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index
TER: 2.47% As on (31-10-2023)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 102.16 Cr As on (31-10-2023)
Turn over: - | Exit Load: Exit load of 1%, if redeemed within 3 months.

21.0676

7.94%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 50 TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
9 Years 3 Months
There is no value for 4x
There is no value for 5x
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme aims at generating long term returns with lower volatility by following a disciplined allocation between equity and debt securities. The equity allocation will be determined based on the month end P/E ratio of the CNX Nifty Index

Current Asset Allocation (%)

Indicators

Standard Deviation 10.66
Sharpe Ratio 0.58
Alpha -0.6
Beta 0.57
Yield to Maturity 7.2
Average Maturity 3.19

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
BANK OF INDIA BALANCED ADVANTAGE FUND REGULAR PLAN GROWTH 14-03-2014 8.26 13.25 11.85 7.27 -
Motilal Oswal Balanced Advantage Fund (MOFDYNAMIC) - Regular Plan - Growth Option 05-09-2016 23.38 11.53 10.94 10.05 -
HDFC Balanced Advantage Fund - Growth Plan 01-02-1994 22.88 21.55 25.87 17.07 16.52
NJ Balanced Advantage Fund - Regular Plan - Growth Option 05-10-2021 15.48 8.6 - - -
SBI Balanced Advantage Fund - Regular Plan - Growth 05-08-2021 14.57 10.9 - - -
Baroda BNP Paribas Balanced Advantage Fund-Regular Plan -Growth Option 04-11-2018 13.12 9.74 12.33 13.97 -
HSBC Balanced Advantage Fund - Regular Growth 01-01-2013 12.8 7.91 8.89 8.91 11.27
Mirae Asset Balanced Advantage Fund Regular Plan- Growth 05-08-2022 12.71 - - - -
Franklin India Balanced Advantage Fund- Growth 06-09-2022 12.45 - - - -
ICICI Prudential Balanced Advantage Fund - Growth 01-12-2006 12.38 10.79 13.04 11.96 12.36

Scheme Characteristics

Investment in equity/ debt that is managed dynamically.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

25.16%

Large Cap

74.84%

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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