Bank of India Multi Asset Allocation Fund Regular-...
NAV as of Aug 29, 2024
11.01-0.22%
- Growth - Regular
(Earn upto 0.86% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Multi Asset Allocation
Expense Ratio:
2.10%(1.53% Category
average)Fund Size:
Rs. 351.19 Cr(0.29% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bank of India Multi Asset Allocation Fund Regular-Growth
NAV as of Aug 29, 2024
11.01-0.22%
Expense Ratio:
2.10%
Fund Size:
Rs. 351.19 Cr
Fund Category:
Hybrid: Multi Asset Allocation
1. Current NAV: The Current Net Asset Value of the Bank of India Multi Asset Allocation Fund - Regular Plan as of Aug 29, 2024 is Rs 11.01 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 10.39% (since launch). Whereas, Category returns for the same time duration are: 27.35% (1yr), 15.08% (3yr) and 16.35% (5yr).
3. Fund Size: The Bank of India Multi Asset Allocation Fund - Regular Plan currently holds Assets under Management worth of Rs 351.19 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 2.1% for Regular plan as on Jul 31, 2024.
5. Exit Load: Bank of India Multi Asset Allocation Fund - Regular Plan shall attract an Exit Load, "Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
Bank of India Multi Asset Allocation Fund Regular-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.52 4.18 - - - - Category Avg 1.26 6.60 12.86 26.82 15.03 16.42 Rank within Category 35 35 - - - - No. of funds within Category 39 38 34 28 21 12 - Loading...
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Return Comparison
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Bank of India Multi Asset Allocation Fund Regular-Growth Fund Details
Investment Objective - 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 House | Bank of India Mutual Fund |
Launch Date | Feb 28, 2024 |
Benchmark | NIFTY Composite Debt Index |
Return Since Launch | 10.14% |
Riskometer | High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Bank of India Multi Asset Allocation Fund Regular-Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 Number of Holdings 56 53 55 51 43 Top 5 Company Holdings 36.42% 37.21% 38.46% 41.05% 45.44% Top 10 Company Holdings 54.58% 54.65% 53.9% 57.23% 61.42% Company with Highest Exposure ICICI Pru Gold ETF-IDCW (7.86%) ICICI Pru Gold ETF-IDCW (8.28%) ICICI Pru Gold ETF-IDCW (8.35%) ICICI Pru Gold ETF-IDCW (8.89%) GOI (9.26%) Number of Sectors 14 12 12 12 12 Top 3 Sector Holdings 21.17% 22.04% 19.06% 17.47% 15.9% Top 5 Sector Holdings 28.45% 28.37% 25.94% 24.4% 21.93% Sector with Highest Exposure Financial (9.24%) Financial (8.51%) Financial (8.36%) Financial (9.11%) Financial (8.86%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) State Bank of India Financial 2.72 10.55 77.28 41.69 REC Financial 2.16 11.15 55.59 156.29 Bank of Baroda Financial 1.79 6.77 36.95 30.68 Siemens Capital Goods 1.73 99.91 68.99 77.71 Vedanta Metals & Mining 1.72 35.19 13.31 95.53 Mahindra & Mahindra Automobile 1.7 31.59 88.80 76.67 Trent Services 1.5 149.18 47.99 249.91 Bharat Heavy Electricals Capital Goods 1.37 -931.00 -0.31 153.82 ABB India Capital Goods 1.3 104.82 75.71 82.37 NTPC Energy 1.25 18.85 22.08 85.39
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bank of India Multi Asset Allocation Fund Regular-Growth 11.01 Unrated 351.19 0.91 - - - Quant Multi Asset Fund-Growth 133.51 2,605.27 -0.66 41.75 23.20 28.49 Nippon India Asset Allocator FoF Regular - Growth 19.80 244.80 0.75 30.29 18.65 - ICICI Prudential Multi Asset Fund-Growth 707.40 46,488.14 1.03 31.41 22.30 22.28 ICICI Prudential Asset Allocator Fund (FOF) - Growth 112.76 22,108.94 1.23 22.11 13.82 15.18
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Bank of India Mutual Fund News
- NFO Watch: Bank of India Mutual Fund launches business cycle fund
- Bank of India Mutual Fund aims to raise Rs 500 crore from multi-asset allocation fund in NFO period
- Bank of India Mutual Fund launches Multi Asset Allocation Fund NFO. Key things to know
- Mutual fund AUM surges by 23.43% in 2023; WhiteOak Mutual Fund AUM increase over 200%
Fund Manager
- M.B.Mithraem BharuchaSince Feb 20244 schemes
- N.J.Nilesh JethaniSince Apr 20240 schemes
Mr. Bharucha is a BMS and MBA 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bank of India Overnight Fund Regular-Growth Overnight 1,244.04 188.84 6.86 Bank of India Liquid Fund Regular-Growth Liquid 2,836.61 2,012.73 7.42 Bank of India Ultra Short Duration Fund Regular-Growth Ultra Short Duration 2,987.42 174.05 6.40 Bank of India Short Term Income Fund Regular-Growth Short Duration 24.67 75.59 6.86 Mr. Jethani has done Bachelor of Financial Markets from HR College and Postgraduate Program in Global Financial Markets from BSE Institute Ltd. Prior to joining Bank of India Mutual Fund, he has worked with HDFC Securities, HDFC Bank, and ASK Investment Managers
No schemes for the Fund Manager
More Bank of India Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Bank of India Liquid Fund Regular-Growth | 1,361.36 | 0.60 | 1.86 | 3.61 | 7.29 | 5.37 | |
Bank of India ELSS Tax Saver Fund Regular-Growth | 1,149.51 | 2.81 | 12.84 | 23.91 | 52.71 | 23.00 | |
Bank of India ELSS Tax Saver Fund Eco-Growth | 1,149.51 | 2.84 | 12.92 | 24.08 | 53.10 | 23.34 | |
Bank of India Small Cap Fund Regular - Growth | 919.56 | -3.66 | 0.51 | 10.10 | 44.27 | 26.80 | |
Bank of India Flexi Cap Fund Regular - Growth | 683.42 | 1.59 | 11.73 | 24.68 | 55.28 | 25.59 | |
Bank of India Mid & Small Cap Equity & Debt Fund Regular-Growth | 656.95 | 0.09 | 6.71 | 15.52 | 42.46 | 23.61 | |
Bank of India Multi Cap Fund Regular - Growth | 439.91 | -0.13 | 8.26 | 17.73 | 50.51 | - | |
Bank of India Large & Mid Cap Equity Fund Regular-Growth | 289.77 | 1.31 | 9.52 | 18.24 | 41.51 | 20.53 | |
Bank of India Large & Mid Cap Equity Fund Eco-Growth | 289.77 | 1.36 | 9.69 | 18.63 | 42.41 | 21.12 | |
Bank of India Manufacturing & Infrastructure Fund-Growth | 239.28 | 0.99 | 10.78 | 20.59 | 54.55 | 27.51 |
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1. Bank of India Multi Asset Allocation Fund - Regular Plan is Open-ended Multi Asset Allocation Hybrid scheme which belongs to Bank of India Mutual Fund House.
2. The fund was launched on Feb 28, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY Composite Debt Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 39.96% in equities, 47.98% in debts and 2.07% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 24.06% of the assets, the top 3 sectors constitute around 21.17% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Bank of India Multi Asset Allocation Fund Regular-Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Bank of India Multi Asset Allocation Fund Regular-Growth
- Is it safe to invest in Bank of India Multi Asset Allocation Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bank of India Multi Asset Allocation Fund - Regular Plan comes under High risk category.
- What is the category of Bank of India Multi Asset Allocation Fund - Regular Plan?Bank of India Multi Asset Allocation Fund - Regular Plan belongs to the Hybrid : Multi Asset Allocation category of funds.
- How Long should I Invest in Bank of India Multi Asset Allocation Fund - Regular Plan?The suggested investment horizon of investing into Bank of India Multi Asset Allocation Fund - Regular Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bank of India Multi Asset Allocation Fund - Regular Plan?The Bank of India Multi Asset Allocation Fund - Regular Plan is managed by Mithraem Bharucha (Since Feb 07, 2024) and Nilesh Jethani (Since Apr 23, 2024).
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