Bank of India Balanced Advantage Fund (G) Mutual fund

Bank of India Balanced Advantage Fund (G)

Q: How to Invest in Bank of India Balanced Advantage Fund through Rupeezy?

Go to the Rupeezy App Click on the Explore tab on the lower navigation bar. Select the category of funds, e.g., Equity - Large Cap or any other. View and compare all funds in the category on a Risk-Return graph. Select the fund you want to invest in. Choose Lumpsum or SIP. Select Investment Amount & make payment using UPI or Net Banking.

Q: Is Bank of India Balanced Advantage Fund good?

The Bank of India Balanced Advantage Fund has an AUM of ₹135.85 Cr as on 12/20/2024. The scheme has delivered CAGR returns for the past 3 years against a category average of 11.83%. The risk is Very High against the category average of 39.87.

Q: Is Bank of India Balanced Advantage Fund tax free?

Mutual fund taxation depends on the scheme type and investment holding period. Taxation on hybrid funds: If equity allocation is 65% or above: STCG of 20% is applicable if units are sold within one year of purchase. For units sold after one year of purchase, LTCG of 12.5% is levied on gains above ₹1.25 lakhs in a financial year. If debt allocation in a hybrid fund is 65% or more, gains are added to income and taxed as per slab rate irrespective of the holding period.

Q: What is the lock-in period of Bank of India Balanced Advantage Fund?

There is no lock-in period applicable on Bank of India Balanced Advantage Fund.

Q: What is the expense ratio of Bank of India Balanced Advantage Fund?

The expense ratio of Bank of India Balanced Advantage Fund is 2.27%.

Hybrid

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Dynamic Asset Allocation

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Fund Details

Current NAV

₹24.06

Expense Ratio

2.27%

Min SIP

₹1.00K

Fund Size

₹136Cr

Min Investment

₹5.00K

Lock In

Scheme Information Document

Exit load: For redemption/ switch ou of initial units allotted within 3 months from the date of allotment: 1% Exit Load Any redemption/ switch out from the date of allotment of units after 3 months: Nil

Fund Performance

Alpha

2.92%

Beta

0.82

Sharpe Ratio

0.5991

Risk

11.98%

Above numbers are based upon past 3 years

Returns Calculator

Holding Pattern

Riskometer

Peer Comparison

Fund Management

Fund House Details

Bank of India Balanced Advantage Fund (G) FAQs

Q1. How to Invest in Bank of India Balanced Advantage Fund through Rupeezy?

Q2. Is Bank of India Balanced Advantage Fund good?

Q3. Is Bank of India Balanced Advantage Fund tax free?

Q4. What is the lock-in period of Bank of India Balanced Advantage Fund?

Q5. What is the expense ratio of Bank of India Balanced Advantage Fund?

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