April 16, 2025
RA Jainee
Bank of India Multi Asset Allocation Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 10.9183
NAV IDCW: Rs 10.9194
Suitable For Which Investors?
“Multi Asset Allocation funds invest your money in a mix of equity shares, bonds and commodities (usually gold) such that each has at least 10 per cent allocation at all times.
We don’t think highly of gold or other commodities as an investment. Therefore, we believe that investors can avoid these funds altogether. Instead, they might consider other varieties of hybrid funds — aggressive hybrid, balanced hybrid and conservative hybrid — which invest your money in equity shares and bonds in different proportions. You can choose from these depending upon your investment horizon, return expectations and ability to withstand volatility in the value of your investments.”
Fund’s Investment Strategy:
The scheme seeks to seek long term capital growth by predominantly investing in equity and equity related securities, debt & money market instruments and Gold ETF.
Fund Manager:
1) Nilesh Jethani
Education: Mr. Jethani has done Bachelor of Financial Markets from HR College and Postgraduate Program in Global Financial Markets from BSE Institute Ltd.
Experience: Prior to joining Bank of India Mutual Fund, he has worked with HDFC Securities, HDFC Bank, and ASK Investment Managers
2) Mithraem Bharucha
Education: Mr. Bharucha is a BMS and MBA
Experience: Prior to joining Bank of India Mutual Fund, he has worked with YES Asset Management (India) Limited and BNP Paribas Asset Management India Pvt. Ltd.
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 | For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months |
Basic Details of Bank of India Multi Asset Allocation Fund
| Fund House | Bank of India Mutual Fund |
| Launch Date | 28-Feb-24 |
| Return Since Launch | 8.09% |
| Benchmark | NIFTY Composite Debt Index (50), NIFTY 500 TRI (38), Domestic Price of Gold (13) |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 333 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.92% |
| (As on 31-Mar-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Bank of India Multi Asset Allocation Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bank of India Multi Asset Allocation Dir | -0.56 | 1.16 | 4.40 | 1.52 | -2.77 | 6.14 | — | — | — | — |
| Hybrid: Multi Asset Allocation | 0.38 | 1.27 | 3.77 | 1.80 | -2.23 | 9.19 | — | — | — | — |
| Rank within category | 29.00 | 29.00 | 11.00 | 25.00 | 24.00 | 34.00 | — | — | — | — |
| Number of funds in category | 42 | 43 | 43 | 42 | 40 | 38 | 23 | 14 | 8 | 8 |
Peer Comparison of Bank of India Multi Asset Allocation 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 Multi Asset Allocation Dir | Unrated | 6.14 | — | — | 0.92 | 333 | 8.09 | 1.00 (360) | 1Y 1M | — |
| ICICI Pru Multi Asset Dir | 5 star | 12.04 | 18.07 | 26.40 | 0.69 | 55,360 | 16.78 | 1.00 (365) | 12Y 3M | 28.00 |
| SBI Multi Asset Allocation Dir | 4 star | 8.34 | 14.28 | 15.67 | 0.55 | 7,674 | 12.03 | 1.00 (365) | 12Y 3M | — |
| UTI Multi Asset Allocation Dir | 4 star | 8.15 | 17.84 | 18.99 | 0.52 | 5,285 | 10.1 | 1.00 (30) | 12Y 3M | 226.00 |
| Quant Multi Asset Dir | 5 star | 3.31 | 16.75 | 31.87 | 0.61 | 3,183 | 15.2 | 1.00 (15) | 12Y 3M | 248.00 |
Portfolio Analysis of Bank of India Multi Asset Allocation Fund
| No. of Stocks | 44 |
| Top 10 Holdings | 53.91% |
| Top 5 Stocks | 37.09% |
| Top 3 Sectors | 19.02% |
| Portfolio P/B Ratio | 3.39 |
| Portfolio P/E Ratio | 21.05 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 77,144 | 2,23,364 |
| Giant (%) | 38.52 | 57.59 |
| Large (%) | 25.57 | 20.41 |
| Mid (%) | 15.32 | 16.56 |
| Small (%) | 20.59 | 6.13 |
| Tiny (%) | — | 0.04 |
| Fund | Category | |
| Number of Securities | 58 | 69 |
| Macaulay Duration (yrs) | 3.85 | 3.67 |
| Average Maturity (yrs) | 4.79 | 5.75 |
| Yield to Maturity (%) | 7.18 | 7.11 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Bank of India Multi Asset Allocation Fund
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