- Mutual Funds
- BOI Mutual Funds
- Bank of India Balanced Advantage fund (RIDCW-Q)
Formerly BOI AXA Balanced Advantage Reg IDCW-R
Bank of India Balanced Advantage fund (RIDCW-Q)
₹ 16.452
NAV (Apr 22)
Dynamic asset allocation or balanced advantage funds provides varying combinations of equity & debt and is suitable for investment objectives with duration specific to the fund category.
Dynamic Asset Allocation funds change their exposure to debt and equity dynamically - taking a call on market valuation & conditions.
This makes their performance difficult to assess.
With a high Equity component, the impact of market fluctuations on these funds is high.It is better for investors to make the allocation to equity & debt themselves and choose the right funds in each asset class.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 16.452
NAV (Apr 22)
Fund Returns
Last 1Y | 26.2% |
Last 3Y | 14.7% |
Last 5Y | 9.3% |
Last 10Y | 7.8% |
Since Inception | 8% |
6 Month CAGR | 16% |
Scheme Information
The Fund aims at providing long term capital appreciation / income from a dynamic mix of equity and debt investments. There is no assurance that the investment objectives of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Expense Ratio | 2.46 |
Launched (10y ago) | Mar 14, 2014 |
AUM in Crores | 121.685 |
ISIN | INF761K01BQ1 |
Lock-in | No Lock-in |
Benchmark | Nifty Composite Debt Index TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 11.5 |
Standard Deviation (5yr) | 11.6 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | 0.76 |
Sharpe Ratio (5yr) | 0.387 |
YTM | 6.99 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Bank of India Balanced Advantage fund (RIDCW-Q) | 9,19,083 | 1,86,471 | 9.3% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Stock Holdings
reliance industries ltd
8.3%canara bank
8.1%hdfc bank ltd
5.5%larsen & toubro ltd
4%state bank of india
3.5%Allocation by Sector
financial services
20%energy
11.7%industrials
11.2%consumer cyclical
7.2%technology
6.3%Comparison with Hybrid Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 10,737 cr | ||
₹ 33,502 cr | ||
₹ 8,943 cr | ||
₹ 3,417 cr | ||
₹ 1,868 cr |
About the AMC
Bank of India Investment Managers Private Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
25.4% | 20.4% | ||
31.8% | 12% | ||
25% | 19.8% | ||
24.6% | 17% | ||
25.2% | 19.9% |
Bank of India Balanced Advantage fund (RIDCW-Q) Review
Bank of India Balanced Advantage fund (RIDCW-Q) is a Dynamic Asset Allocation Or Balanced Advantage Hybrid fund and has delivered an annualised return of 8% over a period of 10 years. The fund was previously known as BOI AXA Balanced Advantage Reg IDCW-R. The fund is managed by Bank of India Investment Managers Private Limited. The fund manager’s name is Alok Singh.
Nav of Bank of India Balanced Advantage fund (RIDCW-Q) as of 4/22/2024 is ₹16.45 with the total AUM as of 4/23/2024 is ₹121.685. With Scripbox you can compare and check the latest nav for all mutual funds in India. Bank of India Balanced Advantage fund (RIDCW-Q) was launched on Mar 14, 2014. The category risk of the fund is Very High Risk.
The minimum SIP amount for Bank of India Balanced Advantage fund (RIDCW-Q) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
Frequently Asked Questions
What is Bank of India Balanced Advantage fund (RIDCW-Q)?
How to invest in Bank of India Balanced Advantage fund (RIDCW-Q)?
You can invest in Bank of India Balanced Advantage fund (RIDCW-Q) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Bank of India Balanced Advantage fund (RIDCW-Q)?
The minimum sip amount for Bank of India Balanced Advantage fund (RIDCW-Q) is ₹1000. You can invest in multiples of ₹5000.
Is Bank of India Balanced Advantage fund (RIDCW-Q) good to invest in?
As per Scripbox experts, Bank of India Balanced Advantage fund (RIDCW-Q) is a Not Recommended fund. You can investBank of India Balanced Advantage fund (RIDCW-Q) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Bank of India Balanced Advantage fund (RIDCW-Q)?
The expense ratio of the Bank of India Balanced Advantage fund (RIDCW-Q) is 2.46% for regular plan.