February 1, 2024
mayank
Bank of India Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 24.2041
NAV IDCW: Rs 14.6259
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 BOI AXA 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
| Fund House | Bank of India Mutual Fund |
| Launch Date | 14-Mar-14 |
| Return Since Launch | 9.35% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Typea | Open-ended |
| Assets | Rs 115 Cr |
| (As on 31-Dec-2023) | |
| Expense | 1.58% |
| (As on 31-Dec-2023) | |
| Risk Grade | High |
| Return Grade | Low |
| 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 | 1.43 | 0.79 | 1.43 | 14.35 | 11.78 | 23.44 | 14.68 | 9.88 | 8.51 | — |
| VR Balanced TRI | 0.13 | 0.85 | 0.13 | 12.66 | 9.69 | 22.27 | 16.32 | 14.81 | 14.13 | — |
| Hybrid: Dynamic Asset Allocation | 1.76 | 0.63 | 1.76 | 11.33 | 11.95 | 23.45 | 14.54 | 13.20 | 11.28 | — |
| Rank within category | 15 | 6 | 15 | 5 | 13 | 15 | 8 | 19 | 12 | — |
| Number of funds in category | 34 | 35 | 34 | 33 | 32 | 30 | 23 | 20 | 13 | 6 |
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 | 1 star | 23.44 | 14.68 | 9.88 | 1.58 | 115 | 9.35 | 1.00 (90) | 9Y 10M | — |
| HDFC Balanced Advantage Dir | 5 star | 38.21 | 27.78 | 19.58 | 0.80 | 73,349 | 16.31 | 1.00 (365) | 11Y 1M | 13.80 |
| ICICI Pru Balanced Advantage Dir | 4 star | 19.42 | 14.49 | 13.54 | 0.87 | 53,483 | 13.22 | 1.00 (365) | 11Y 1M | 28.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 23.40 | 15.16 | 15.88 | 0.48 | 10,203 | 13.07 | 1.00 (90) | 11Y 1M | 71.00 |
| Tata Balanced Advtg Dir | 4 star | 21.78 | 15.21 | 14.57 | 0.31 | 8,317 | 14.61 | 1.00 (90) | 5Y | 39.23 |
Portfolio Analysis of Bank of India Balanced Advantage Fund
| No. of Stocks | 56 |
| Top 10 Holdings | 40.74% |
| Top 5 Stocks | 26.67% |
| Top 3 Sectors | 42.83% |
| Portfolio P/B Ratio | 3.22 |
| Portfolio P/E Ratio | 21.66 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,03,904 | 2,11,053 |
| Giant (%) | 87.90 | 59.14 |
| Large (%) | 11.39 | 19.24 |
| Mid (%) | 0.71 | 17.76 |
| Small (%) | — | 4.79 |
| Tiny (%) | — | 0.02 |
| Fund | Category | |
| Number of Securities | 63 | 114 |
| Macaulay Duration (yrs) | 2.48 | 2.64 |
| Average Maturity (yrs) | 3.23 | 3.56 |
| Yield to Maturity (%) | 7.22 | 7.49 |
| Avg Credit Rating | AA | — |
How to Invest in Bank of India Balanced Advantage Fund?
Chanakya’s Mutual Fund Guidance For Bank of India Balanced Advantage Fund
Do not invest in this, or any other dynamic asset allocation fund, if you need to redeem your investment in less than five years.
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