Bank of India Balanced Advantage Fund Direct Growth

Bank of India Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Bank of India Mutual Fund. This scheme was made available to investors on 31 Mar 2008. Saurabh Kataria, Piyush Baranwal is the Current Fund Manager of Bank of India Balanced Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,798 Cr and the Latest NAV as of 01 Dec 2023 is ₹22.36. The Bank of India Balanced Advantage Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. Exit load of 1%, if redeemed within 3 months. ;

Investment Objective

The scheme aims at generating long term returns with lower volatility by following a disciplined allocation between equity and debt securities. The equity allocation will be determined based on the month end P/E ratio of the CNX Nifty Index. ;