Bank of India Multi Asset Allocation Fund-Dir (IDCW)


Multi Asset Allocation
  • NAV 10.88 (-0.96%)
  • Fund Size (Cr) ₹345.9
  • Expense Ratio 1.23
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹5000
  • Minimum Additional Investment ₹1000
  • Minimum SIP Investment ₹1000
  • Minimum Withdrawal ₹1000
  • Exit Load 0%
  • Return Since Launch 9.81%

Basic Details

Scheme Manager
Mithraem Bharucha
Bench Mark
37.50% of Nifty 500 TRI + 50% of Nifty Composite Debt Index + 12.50% of Domestic Prices of Gold
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 11-Jul-24
  • 9951.78
  • -0.48%
  • -
  • 0.65%
  • 88/96
  • 1 Month
  • 18-Jun-24
  • 10111.51
  • 1.12%
  • -
  • 2.99%
  • 90/96
  • 3 Month
  • 18-Apr-24
  • 10665.53
  • 6.66%
  • -
  • 8.74%
  • 79/92
  • 6 Month
  • -
  • -
  • -
  • -
  • -
  • -/-
  • 1 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • 3 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • Since Inception
  • 28-Feb-24
  • 10980.7
  • 9.81%
  • 9.81%
  • 16.19%
  • 79/96

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 01-Mar-24
  • 50000
  • 51885.45
  • 3.77%
  • 3.77%
  • 3 Year
  • -
  • -
  • -
  • -
  • -
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • 10 Year
  • -
  • -
  • -
  • -
  • -

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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  • Invested Amount

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  • Estimated Returns

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Risk Ratios

  • Standard Deviation
    1.76%
  • Beta
    1.54%
  • Sharpe Ratio
    3.52%
  • Treynor’s Ratio
    0.29%
  • Jension’s Alpha
    28.00%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • St Bk of India
  • 2.69%
  • 109617
  • 9.31
  • Equity
  • Banks
  • Bank of Baroda
  • 1.98%
  • 248391
  • 6.84
  • Equity
  • Banks
  • Siemens
  • 1.89%
  • 8500
  • 6.55
  • Equity
  • Capital Goods - Electrical Equipment
  • Vedanta
  • 1.76%
  • 133864
  • 6.08
  • Equity
  • Mining & Mineral products
  • M & M
  • 1.7%
  • 20500
  • 5.88
  • Equity
  • Automobile
  • Titagarh Rail
  • 1.69%
  • 31500
  • 5.86
  • Equity
  • Capital Goods-Non Electrical Equipment
  • REC Ltd
  • 1.61%
  • 106278
  • 5.58
  • Equity
  • Finance
  • Trent
  • 1.43%
  • 9000
  • 4.93
  • Equity
  • Retail
  • A B B
  • 1.42%
  • 5800
  • 4.92
  • Equity
  • Capital Goods - Electrical Equipment
  • IndusInd Bank
  • 1.29%
  • 30455
  • 4.46
  • Equity
  • Banks

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • Bank of India Multi Asset Allocation Fund-Dir (IDCW)
  • Stars
  • 345.9
  • 1.12%
  • 6.66%
  • -
  • -
  • -
  • Quant Multi Asset Fund - Direct (G)
  • Stars
  • 2541.51
  • 1.37%
  • 5.97%
  • 23.91%
  • 46.34%
  • 24.90%
  • Quant Multi Asset Fund - Direct (IDCW)
  • Stars
  • 2541.51
  • 1.37%
  • 5.95%
  • 23.89%
  • 46.32%
  • 24.88%
  • UTI-Multi Asset Allocation Fund - Direct (G)
  • Stars
  • 2418.31
  • 2.91%
  • 8.44%
  • 18.82%
  • 39.39%
  • 19.83%
  • UTI-Multi Asset Allocation Fund - Direct (IDCW)
  • Stars
  • 2418.31
  • 2.91%
  • 8.44%
  • 18.82%
  • 39.38%
  • 19.83%
  • Nippon India Multi Asset Fund - Direct (G)
  • Stars
  • 3601.89
  • 3.70%
  • 10.76%
  • 19.57%
  • 34.90%
  • 19.03%

News

  • Bank of India Mutual Fund Announces Appointment of Key Personnel Bank of India Mutual Fund has announced that Mr. Vikas Gupta has been appointed as an Chief Risk Officer on the Board of Bank of India Investment Managers Private Limited (?AMC?) w.e.f. July 05, 2024.

    Details of Mr. Vikas Gupta

    Age: 42 years

    Designation: Chief Risk Officer

    Qualification: B.com, C.A., CISA

    Powered by Capital Market - Live News

  • Bank of India MF Announces change in benchmark index under its schemes Bank of India Mutual Fund has announced change in the benchmark index for the following schemes, With immediate effect. Accordingly, the revised benchmark index will be:

    Change in name of Benchmark of Bank of India Manufacturing & Infrastructure Fund

    Name of the Schemes Existing Benchmark Revised Benchmark
    Bank of India Flexi Cap Fund S&P BSE 500 TRI BSE 500 TRI
    Bank of India Manufacturing & Infrastructure Fund S&P BSE India Manufacturing Index Total Return Index (TRI): 50% and S&P BSE India Infrastructure Index Total Return Index (TRI):50% BSE India Manufacturing Index Total Return Index (TRI): 50% and S&P BSE India Infrastructure Index Total Return Index (TRI):50%

    Powered by Capital Market - Live News

  • Bank of India Mutual Fund Announces change in fund manager under its scheme Bank of India Mutual Fund has announced change in fund manager under the following scheme, with effect from 23 April 2024.

    Change in Fund Management Responsibilities:

    Name of Scheme Existing Fund Manager(s) Fund Manager(s)
    Bank of India Multi Asset Allocation Fund Mr. Alok Singh
    Mr. Mithraem Bharucha
    Mr. Mithraem Bharucha (Debt portion)
    Mr. Nilesh Jethani-Co Fund Manager (Equity Portion)

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 07-Feb-2024
  • Total AUM (Cr) ₹345.90

Bank of India Multi Asset Allocation Fund-Dir (IDCW) is an Multi Asset Allocation-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in Feb 2024, this fund is managed by Mithraem Bharucha. With assets under management (AUM) worth ₹345.90 (Cr), as of 19-Jul-2024, Bank of India Multi Asset Allocation Fund-Dir (IDCW) is categorized as a Multi Asset Allocation within its segment. The fund has generated a return of 9.81% since its launch.
The current NAV of Bank of India Multi Asset Allocation Fund-Dir (IDCW) is ₹10.88, as on 19-Jul-2024. The fund’s benchmark index is 37.50% of Nifty 500 TRI + 50% of Nifty Composite Debt Index + 12.50% of Domestic Prices of Gold. You can invest in Bank of India Multi Asset Allocation Fund-Dir (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1000 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
For Redemption/switch out - of up to 10% of the initial units allotted - within 1 year from the date allotment - Nil 1.00% - If the units are swiched out within 1 year from the date of allotment of units Nil - If the units are redeemed/switched out after 1 year from the date of allotment of units.
The fund has generated - and - CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 39.86% in Equity, 48.33% in Debt and 11.81% in cash and cash equivalents
The top 5 sectors the fund invests in are: 50.24% in Debt, 10.61% in Others, 5.96% in Banks, 5.88% in Electrical Equipments and 2.88% in Automobiles.

FAQs on Bank of India Multi Asset Allocation Fund-Dir (IDCW)

Bank of India Multi Asset Allocation Fund-Dir (IDCW) is a popular fund in the Multi Asset Allocation segment. The fund has generated a return of 9.81% since inception. Looking to invest in Bank of India Multi Asset Allocation Fund-Dir (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Multi Asset Allocation Fund-Dir (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Bank of India Multi Asset Allocation Fund-Dir (IDCW)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Bank of India Multi Asset Allocation Fund-Dir (IDCW) today and reap the benefits of this Multi Asset Allocation fund!

In the short term, i.e., 1 year, Bank of India Multi Asset Allocation Fund-Dir (IDCW) has generated annualised return of -. In the long-term, the fund has generated - and - in 3 and 5 years respectively. Since its inception, the fund has generated 9.81% returns.

The expense ratio of Bank of India Multi Asset Allocation Fund-Dir (IDCW) Direct Growth is 1.23%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of Bank of India Multi Asset Allocation Fund-Dir (IDCW) is ₹345.90 (Cr) as of 19 July 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of Bank of India Multi Asset Allocation Fund-Dir (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Bank of India Multi Asset Allocation Fund-Dir (IDCW):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Bank of India Multi Asset Allocation Fund-Dir (IDCW)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in Bank of India Multi Asset Allocation Fund-Dir (IDCW). Minimum lumpsum investment Bank of India Multi Asset Allocation Fund-Dir (IDCW) is ₹5000 and minimum SIP amount is ₹1000. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of Bank of India Multi Asset Allocation Fund-Dir (IDCW) is ₹10.88 as on 19 July 2024.

The 5 biggest stock holdings of Bank of India Multi Asset Allocation Fund-Dir (IDCW) are:
St Bk of India (2.69%), Bank of Baroda (1.98%), Siemens (1.89%), Vedanta (1.76%), M & M (1.7%)

A majority of Bank of India Multi Asset Allocation Fund-Dir (IDCW) 's AUM worth ₹345.90 (Cr) is invested in these 3 top sectors:

  • Debt: 50.24%
  • Others: 10.61%
  • Banks: 5.96%

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