February 17, 2025
mayank
Bank of India Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 24.6625
NAV IDCW: Rs 14.8916
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.
These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme aims at providing long term capital appreciation / income from a dynamic mix of equity and debt investments.
Fund Manager:
1) Alok Singh
Education: Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience: Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 3 months |
Basic Details of Bank of India Balanced Advantage Fund
| Fund House | Bank of India Mutual Fund |
| Launch Date | 14-Mar-14 |
| Return Since Launch | 8.61% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 132 Cr |
| (As on 31-Jan-2025) | |
| Expense | 1.36% |
| (As on 31-Jan-2025) | |
| Risk Grade | Above Average |
| Return Grade | Average |
| Turnover | — |
Trailing Returns (%) of Bank of India Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bank of India Balanced Advantage Dir | -3.89 | -0.58 | -1.49 | -4.02 | -6.20 | 0.53 | 13.53 | 10.38 | 7.26 | 7.23 |
| VR Dynamic Asset TRI | -5.23 | -0.91 | -2.42 | -3.83 | -5.61 | 5.16 | 11.14 | 12.76 | 10.72 | 10.18 |
| Hybrid: Dynamic Asset Allocation | -4.37 | -0.67 | -2.14 | -2.83 | -3.19 | 6.97 | 11.87 | 12.44 | 10.26 | 9.97 |
| Rank within category | 17 | 14 | 14 | 31 | 33 | 33 | 6 | 20 | 14 | 11 |
| Number of funds in category | 38 | 38 | 38 | 38 | 38 | 35 | 28 | 23 | 15 | 11 |
Peer Comparison of Bank of India Balanced Advantage Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Bank of India Balanced Advantage Dir | 2 star | 0.53 | 13.53 | 10.38 | 1.36 | 132 | 8.61 | 1.00 (90) | 10Y 11M | — |
| HDFC Balanced Advantage Dir | 5 star | 6.88 | 20.18 | 19.86 | 0.78 | 94,251 | 15.53 | 1.00 (365) | 12Y 1M | 21.79 |
| ICICI Pru Balanced Advantage Dir | 4 star | 8.94 | 12.31 | 12.85 | 0.92 | 60,347 | 12.91 | 1.00 (365) | 12Y 1M | 32.00 |
| SBI Balanced Advantage Dir | 4 star | 8.15 | 13.60 | — | 0.69 | 33,309 | 12.18 | 1.00 (365) | 3Y 5M | 14.00 |
| Tata Balanced Advantage Dir | 4 star | 5.98 | 11.73 | 13.77 | 0.43 | 10,109 | 13.2 | 1.00 (90) | 6Y | 29.04 |
Portfolio Analysis of Bank of India Balanced Advantage Fund
| No. of Stocks | 58 |
| Top 10 Holdings | 39.71% |
| Top 5 Stocks | 22.86% |
| Top 3 Sectors | 39.28% |
| Portfolio P/B Ratio | 3.03 |
| Portfolio P/E Ratio | 20.57 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,11,424 | 2,29,568 |
| Giant (%) | 85.23 | 60.35 |
| Large (%) | 14.53 | 20.02 |
| Mid (%) | 0.24 | 14.82 |
| Small (%) | — | 4.93 |
| Tiny (%) | — | 0.15 |
| Fund | Category | |
| Number of Securities | 67 | 124 |
| Macaulay Duration (yrs) | 3.05 | 3.48 |
| Average Maturity (yrs) | 3.64 | 5.87 |
| Yield to Maturity (%) | 7.41 | 7.23 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Bank of India Balanced Advantage Fund
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