The investment objective of the scheme is to seek long term capital growth by predominantly investing in equity and equity related securities, debt & 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.
The Bank of India Multi Asset Allocation Fund Regular Growth has an AUM of 337.12 crores & has delivered CAGR of 0.00% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 1.90%. The minimum investment in Bank of India Multi Asset Allocation Fund Regular Growth is Rs 5000 and the minimum SIP is Rs 1000.
As per morningstar the risk & return rating of the fund are Moderate & Exceptional respectively.
The top holdings of the fund include ICICI Prudential Gold ETF, DSP Gold ETF & NIPPON INDIA ETF GOLD BEES.
The major sectors where the fund is invested are Regional Banks, Investment Services, Consumer Financial Services & Iron & Steel.
Some of the similar funds are Invesco India Multi Asset Allocation Fund Regular Growth, 360 ONE Multi Asset Allocation Fund Regular Growth, Bank of India Multi Asset Allocation Fund Regular Growth, Shriram Multi Asset Allocation Fund Regular Growth, Quantum Multi Asset Allocation Fund Regular Growth. Bank of India Multi Asset Allocation Fund Regular Growth has a sharpe ratio of 0.00 & a standard deviation of 0.00%.
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