Direct
NAV (05-Sep-24)
₹11.050.01%1D
Returns (Since Inception)
10.48%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹351 Cr
Expense Ratio
1.24%
ISIN
INF761K01FZ3
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
28 Feb 2024
About this fund
This fund has been in existence for 6 months and 10 days, having been launched on 28-Feb-24.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹11.05, Assets Under Management (AUM) of 351.19 Crores, and an expense ratio of 1.24%.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹11.05, Assets Under Management (AUM) of 351.19 Crores, and an expense ratio of 1.24%.
- Bank of India Multi Asset Allocation Fund Direct Growth has given a CAGR return of 10.48% since inception.
- The fund's asset allocation comprises around 37.73% in equities, 48.27% in debts, and 3.67% in cash & cash equivalents.
- You can start investing in Bank of India Multi Asset Allocation 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.
Since Inception
+10.48%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Equity | ₹132.52 Cr | 37.73% |
| Debt | ₹169.53 Cr | 48.27% |
| Others | ₹49.15 Cr | 13.99% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Pru Gold ETF | Mutual Fund - ETF | ₹28.05 Cr | 8.12% |
| Indian Railway Finance Corp Ltd. 7.44% | Bond - Gov't Agency Debt | ₹25.17 Cr | 7.29% |
| Power Finance Corp Ltd. 7.6% | Bond - Corporate Bond | ₹25.15 Cr | 7.28% |
| REC Ltd. 7.64% | Bond - Corporate Bond | ₹25.06 Cr | 7.26% |
| LIC Housing Finance Ltd. 7.835% | Bond - Corporate Bond | ₹25 Cr | 7.24% |
| Bajaj Finance Ltd. 8.1167% | Bond - Corporate Bond | ₹18.03 Cr | 5.22% |
| National Bank for Agriculture and Rural Development 7.68% | Bond - Gov't Agency Debt | ₹16.09 Cr | 4.66% |
| 7.1% Govt Stock 2029 | Bond - Gov't/Treasury | ₹10.12 Cr | 2.93% |
| Small Industries Development Bank of India 7.68% | Bond - Corporate Bond | ₹10.02 Cr | 2.90% |
| State Bank of India | Equity | ₹8.8 Cr | 2.55% |
| REC Ltd | Equity | ₹6.64 Cr | 1.92% |
| Siemens Ltd | Equity | ₹5.98 Cr | 1.73% |
| Trent Ltd | Equity | ₹5.79 Cr | 1.68% |
| Mahindra & Mahindra Ltd | Equity | ₹5.63 Cr | 1.63% |
| Vedanta Ltd | Equity | ₹5.63 Cr | 1.63% |
| Nippon India ETF Gold BeES | Mutual Fund - ETF | ₹5.38 Cr | 1.56% |
| Treps | Cash - Repurchase Agreement | ₹5.22 Cr | 1.51% |
| Bank of Baroda | Equity | ₹5.11 Cr | 1.48% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹5.09 Cr | 1.48% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹4.98 Cr | 1.44% |
| Net Receivables / (Payables) | Cash - Collateral | ₹4.95 Cr | 1.43% |
| ABB India Ltd | Equity | ₹4.5 Cr | 1.30% |
| Bharat Heavy Electricals Ltd | Equity | ₹4.42 Cr | 1.28% |
| NTPC Ltd | Equity | ₹4.19 Cr | 1.21% |
| Triveni Turbine Ltd | Equity | ₹4.17 Cr | 1.21% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹3.85 Cr | 1.11% |
| Titagarh Rail Systems Ltd | Equity | ₹3.68 Cr | 1.06% |
| Tata Power Co Ltd | Equity | ₹3.57 Cr | 1.03% |
| Grasim Industries Ltd | Equity | ₹3.49 Cr | 1.01% |
| PCBL Ltd | Equity | ₹3.48 Cr | 1.01% |
| Eicher Motors Ltd | Equity | ₹3.27 Cr | 0.95% |
| Housing & Urban Development Corp Ltd | Equity | ₹3.02 Cr | 0.88% |
| UNO Minda Ltd | Equity | ₹2.99 Cr | 0.87% |
| Multi Commodity Exchange of India Ltd | Equity | ₹2.8 Cr | 0.81% |
| DSP Gold ETF | Mutual Fund - ETF | ₹2.8 Cr | 0.81% |
| Century Textiles & Industries Ltd | Equity | ₹2.78 Cr | 0.80% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹2.6 Cr | 0.75% |
| Welspun Living Ltd | Equity | ₹2.54 Cr | 0.73% |
| Rategain Travel Technologies Ltd | Equity | ₹2.51 Cr | 0.73% |
| Jupiter Wagons Ltd | Equity | ₹2.48 Cr | 0.72% |
| Oil & Natural Gas Corp Ltd | Equity | ₹2.48 Cr | 0.72% |
| Jindal Stainless Ltd | Equity | ₹2.37 Cr | 0.69% |
| Bharat Forge Ltd | Equity | ₹2.17 Cr | 0.63% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹2.14 Cr | 0.62% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹1.99 Cr | 0.58% |
| Mastek Ltd | Equity | ₹1.97 Cr | 0.57% |
| Rail Vikas Nigam Ltd | Equity | ₹1.94 Cr | 0.56% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹1.92 Cr | 0.56% |
| Larsen & Toubro Ltd | Equity | ₹1.91 Cr | 0.55% |
| Blue Star Ltd | Equity | ₹1.91 Cr | 0.55% |
| CarTrade Tech Ltd | Equity | ₹1.74 Cr | 0.50% |
| TeamLease Services Ltd | Equity | ₹1.54 Cr | 0.45% |
| Ami Organics Ltd | Equity | ₹1.46 Cr | 0.42% |
| Reliance Industries Ltd | Equity | ₹1.46 Cr | 0.42% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹1.34 Cr | 0.39% |
| IRCON International Ltd | Equity | ₹1.18 Cr | 0.34% |
| Schneider Electric Infrastructure Ltd | Equity | ₹0.79 Cr | 0.23% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Industrials | ₹38.34 Cr | 11.10% |
| Financial Services | ₹27.72 Cr | 8.03% |
| Consumer Cyclical | ₹24.12 Cr | 6.99% |
| Basic Materials | ₹19.21 Cr | 5.56% |
| Utilities | ₹7.76 Cr | 2.25% |
| Technology | ₹7.08 Cr | 2.05% |
| Energy | ₹3.94 Cr | 1.14% |
| Communication Services | ₹2.14 Cr | 0.62% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Mithraem Bharucha
Since February 2024
AS
Alok Singh
Since February 2024
Additional Scheme Detailsas of 15th August 2024
ISIN | INF761K01FZ3 | Expense Ratio | 1.24% | Exit Load | 1.00% | Fund Size | ₹351 Cr | Age | 28 Feb 2024 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY 500 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
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Multi Asset Allocation Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Aditya Birla Sun Life Multi Asset Allocation Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3508.90 Cr | 24.0% |
| Aditya Birla Sun Life Multi Asset Allocation Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹3508.90 Cr | 25.9% |
| Nippon India Multi Asset fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹3854.24 Cr | 33.8% |
| Nippon India Multi Asset fund Regular Growth Very High Risk | 1.5% | 1.0% | ₹3854.24 Cr | 32.2% |
| SBI Multi Asset Allocation Fund Regular Growth High Risk | 1.5% | 1.0% | ₹5865.80 Cr | 24.6% |
| Quant Multi Asset Fund Regular Growth High Risk | 1.9% | 1.0% | ₹2725.25 Cr | 45.7% |
| UTI Multi Asset Fund Regular Growth High Risk | 1.9% | 1.0% | ₹2912.96 Cr | 39.3% |
| ICICI Prudential Multi-Asset Fund Regular Growth Very High Risk | 1.5% | 1.0% | ₹46488.14 Cr | 30.1% |
| HDFC Multi - Asset Fund Regular Growth High Risk | 1.9% | 1.0% | ₹3348.14 Cr | 24.2% |
| Motilal Oswal Multi Asset Fund Direct Growth High Risk | 0.9% | 1.0% | ₹105.01 Cr | 17.9% |
Risk Level
Your principal amount will be at Very High Risk
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Still got questions?
We're here to help.
What is the current NAV of Bank of India Multi Asset Allocation Fund Direct Growth?
The NAV of Bank of India Multi Asset Allocation Fund Direct Growth, as of 05-Sep-2024, is ₹11.05.
What is the portfolio composition of Bank of India Multi Asset Allocation Fund Direct Growth?
The fund's allocation of assets is distributed as 37.73% in equities, 48.27% in bonds, and 3.67% in cash and cash equivalents.
Who manages the Bank of India Multi Asset Allocation Fund Direct Growth?
The fund managers responsible for Bank of India Multi Asset Allocation Fund Direct Growth are:-
- Mithraem Bharucha
- 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.