myplexus

NFO Monitor

Fund Fact

Name of Funds:

Bank of India Multi Asset Allocation

Opening:

7th February 2024

Closing:

21st February 2024

Minimum Investment:

Rs. 5,000 and in multiples of Re. 1/- thereafter

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Nil

Exit Load:

1% of NAV if units in excess of 10% of the units allotted are redeemed/switched out within 12 months from the date of allotment

Fund Stats

Objective:

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.

Benchmark:

NIFTY 500

Fund Manager:

Alok Singh , Mithraem Bharucha

Asset Allocation

35- 40% Equity 45-55% Money Market

45-55% Debt upto 10% Others

Comparable existing schemes

Aditya Birla Sun Life Multi Asset Allocation Fund	10.96(6M)	21.38(1Y)
SBI Multi Asset Allocation Fund	14.50(6M)	28.94(1Y)

Fund Prognosis

Idea Distiller

The segment that could really see the MF industry get close to the banks and this is this fund house's attempt to make it.

Fund House AAUM:
Rs 578828.85 Lakhs(as on 31st December, 2023)
Fund Manager:
Combined experience of above 21 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

If you are looking for better than deposit returns but don’t mind a bit of volatility, choose this kind of funds.

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