Data as on 30th April 2024

Bank Of India Multi Asset Allocation Fund

  • Fund Type : An open ended scheme investing in Equity, Debt and Gold ETF
    Entry Load : Nil
    Date of Allotment : Feb 28, 2024
    Features : Liquity SIP SWP STP
  • Benchmark :
    37.50% of Nifty 500 TRI + 50% Nifty Composite Debt Index + 12.50% of Domestic Prices of Gold
    Exit Load :
    • For redemption/switch out upto 10% of the initial units allotted -within 1 year from the date of allotment: “NIL”
    • Any redemption/switch out - in excess of the above mentioned limit would be subject to an exit load of 1%, if the units are redeemed/switched out within 1 year from the date of allotment of units.
    • If the units are redeemed/switched out after 1 year from the date of allotment of units : “Nil”

Investment Objective

The investment objective of the scheme is to seek long term capital growth by predominantly investing in equity and equity related securities, debt and money market instruments and Gold ETF. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/ indicate any returns.

Fund Manager

  • Alok Singh

    CFA and PGDBA from ICFAI Business School.

    Alok Singh  
    See detail
  • MR. MITHRAEM BHARUCHA

    BMS and MBA

    Mithraem Bharucha  
    See detail

Fund Highlights

  • Bank of India Multi Asset Allocation Fund shall facilitate a diversified asset class as it will invest in Equity, Debt and Gold
  • The Scheme would adopt Blend of top down and bottom up approach
  • The assets of the Scheme would be invested across stocks that represent a broad range of sectors of the economy, in order to ensure adequate portfolio diversification.
  • Click here for KIM
  • Click here for SID

Riskometer

Scheme Riskometer:

The above Riskometer is based on the portfolio as on April, 2024

This product is suitable for investors who are seeking*:

  • Wealth creation over medium to long term.
  • Investment in equity and equity related securities, debt and money market instruments and Gold ETF.

Benchmark Riskometer :
37.50% of Nifty 500 TRI + 50% of Nifty Composite Debt Index + 12.50% of Domestic Prices of Gold

#It may be noted that the scheme risk-o-meter specified above is based on the internal assessment of scheme characteristics and may vary post NFO, when the actual investments are made.

Fund Advantages

  • Mix of 3: Equity, Debt and Gold
  • Exposure to a mix of stocks, bonds, and other assets
  • Minimum allocation of at least 10% each in all three asset classes (Equity, Debt and Gold)
  • Portfolio building using a combination of top-down and bottom-up approach
  • Taxation - offers indexation benefit

As per prevailing tax laws, subject to change. Please consult your tax advisor.

Allocation Strategy

  • ( 0% to 10% )  - Units issued by REITs and InvITs
  • ( 10% to 15% )  - Gold ETF
  • ( 35% to 40% ) - Equity & Equity Related Instruments
  • ( 45% to 55% )  - Debt and Money Market instruments
  • Scheme
  • Benchmark

Fund Performance

Total Expense Ratio

IDCW History(Regular Plan- Annual IDCW)

Record Date IDCW (`/Unit)
02-Feb-20210.23090000
02-Feb-20210.23090000
30-June-20210.30000000
30-June-20210.30000000
CLICK HERE TO VIEW THE IDCW HISTORY
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