HybridMulti Asset AllocationDirectGrowthHigh

Bank of India Multi Asset Allocation Fund

Q: What is the NAV of Bank of India Multi Asset Allocation Fund?

As of 05 Oct 2026, the NAV of Bank of India Multi Asset Allocation Fund is ₹12.94 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bank of India Multi Asset Allocation Fund delivered?

Bank of India Multi Asset Allocation Fund has returned +9.61% over 1 year and +10.37% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund charges an expense ratio of 1.08% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund's largest holdings are 7.44% Indian Railway Finance Corporation Limited (28/02/2034) (6.5%), ICICI Prudential Gold ETF (5.9%), 8.05% Muthoot Finance Limited (25/11/2027) (5.2%), 8.1167% Bajaj Finance Limited (10/05/2027) (4.8%) and 7.73% Tata Capital Housing Finance Limited (14/01/2030) (4.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.0% and its worst peak-to-trough fall in our sample was -9.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund is benchmarked against the First Tier Benchmark: 40% of Nifty 500 TRI + 40% of Nifty. Its alpha and beta on this page are measured against that index.

Q: Who manages Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund is managed by Nilesh Jethani and Mithraem Bharucha at Bank of India.

Q: How is Bank of India Multi Asset Allocation Fund taxed?

Bank of India Multi Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Bank of India Mutual Fund · Best Multi Asset Allocation Mutual Funds

NAV

₹12.94

+0.80% 1D

as of 05 Oct 2026

This is the Direct plan of Bank of India Multi Asset Allocation Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+9.19%absolute

52-week rangePrev NAV ₹12.84

Latest ₹12.94

Low ₹11.8571st percentile of its 52-week rangeHigh ₹13.39

Scorecard

★★★★☆4/5 vs 31 of 36 Multi Asset Allocation peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Multi Asset Allocation (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 31 of the 36 Multi Asset Allocation funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Multi Asset Allocation peers to rank yet

RiskModerate

Volatility 9.0% vs 9.9% category avg

CostHigh

1.1% expense vs 0.9% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Multi Asset Allocation average on 1M/3M/6M/1Y — 1Y by 3.94pp
Ranks #4 of 31 on 1-year return in its Multi Asset Allocation cohort

Concerns

High expense ratio (1.08%) vs the Multi Asset Allocation average of 0.90%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.08%

Category 0.90%▲0.18%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

20.03

Category 21.98▼1.95

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.88

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

• If redeemed/ switched-out within 3 months from the date of allotment: - For 10% of investments: Nil - For remaining investments:1% • If redeemed/ switched-out after 3 months from the date of allotment: Nil

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹250

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

First Tier Benchmark: 40% of Nifty 500 TRI + 40% of Nifty

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

01 Mar 2024

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-2.52%

Absolute return over the last 3 months (not annualized)

-0.33%

Absolute return over the last 6 months (not annualized)

+7.19%

Absolute return since 1 Jan of this year (not annualized)

+5.79%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+9.61%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+10.37%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

9.01%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-9.36%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

5.59%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.50

How much of the fund's movement Nifty 50 TRI explains

68.6%

Excess return per unit of beta (market risk)

7.50

Active return over the benchmark per unit of tracking error

0.98

Annualized std dev of fund-minus-benchmark returns

8.56%

Fund's share of benchmark gains in up months (100 = matches index)

68.8%

Fund's share of benchmark losses in down months (lower is better)

20.9%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Multi Asset Allocation)

Period	Fund	Category avg.	Diff
1M abs	-2.52%	-3.40%	+0.88%
3M abs	-0.33%	-1.99%	+1.66%
6M abs	+7.19%	+4.43%	+2.76%
1Y CAGR	+9.61%	+5.67%	+3.94%
3Y CAGR	—	+14.49%	—
5Y CAGR	—	+13.01%	—

Category average across peers in Multi Asset Allocation (up to 36 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 36 peers in Multi Asset Allocation

1Y return

+9.61%

Beats 90% · rank #4

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.23L

Absolute

+2.76%

XIRR

+6.07%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Bank of India Multi Asset Allocation Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 50 TRI	Diff
2026part	+5.79%	-12.85%	+18.64%
2025	+11.42%	+11.97%	-0.55%
2024part	+9.58%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

625

Expense ratio

1.08%

AUM

₹357.80Cr

Exit load

P/E ratio

20.0

P/B ratio

3.8

Avg market cap

₹2,75,060Cr

P/E & P/B are portfolio-weighted harmonic means across 43 of 46 equity holdings (53% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Multi Asset Allocation

Compare all


Bank of India Multi Asset Allocation FundThis fund Bank of India · Direct · Growth	★★★★☆ 1Y	+9.61%	—	—	20.03	1.08%	₹357.80Cr
Quant Multi Asset Allocation Fund quant · Direct · Growth	★★★★☆	+13.21%	+22.38%	+18.73%	21.42	1.13%	₹5,474Cr
Nippon India Multi Asset Allocation Fund Nippon India · Direct · Growth	★★★★★	+7.75%	+18.08%	+14.88%	19.78	0.47%	₹15,069Cr
DSP Multi Asset Allocation Fund DSP · Direct · Growth	★★★★★	+8.47%	+17.42%	—	17.06	0.63%	₹9,515Cr
Kotak Multi Asset Allocation Fund Kotak Mahindra · Direct · Growth	★★★☆☆	+10.24%	+17.13%	—	15.50	0.64%	₹13,629Cr
WhiteOak Capital Multi Asset Allocation Fund WhiteOak Capital · Direct · Growth	★★★★☆	+9.19%	+16.52%	—	23.28	0.65%	₹7,308Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap52.0%
Mid cap15.9%
Small cap32.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity55.55%
Debt28.30%
Other12.91%
Cash & Equivalents3.24%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Bank of India Large Cap Fund Bank of India · Large Cap Fund	60.9%	★★★☆☆	1.29%	+11.91%
Bank of India Flexi Cap Fund Bank of India · Flexi Cap Fund	46.2%	★★★★☆	0.88%	+18.69%
Bank of India ELSS Tax Saver Fund Bank of India · ELSS	40.7%	★★★☆☆	1.10%	+11.73%
HSBC Large Cap Fund HSBC · Large Cap Fund	38.3%	★★☆☆☆	1.41%	+9.83%
JM Large Cap Fund JM Financial · Large Cap Fund	36.7%	★★☆☆☆	1.19%	+9.54%
Bank of India Banking & Financial Services Fund Bank of India · Sectoral/ Thematic	35.4%	—	1.68%	—
Bank of India Business Cycle Fund Bank of India · Sectoral/ Thematic	34.8%	★★★☆☆	1.37%	—
Groww Large Cap Fund Groww · Large Cap Fund	34.4%	★★☆☆☆	1.69%	+9.30%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 2.24% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Sterlite Technologies LimitedLong-term · Stage IV2.24%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-9.4%11 Dec 2024 → 28 Feb 2025
Fell over 3 months, back to the old high on 26 May 2025 — 3 months under water after the low.
-7.4%29 Jan 2026 → 23 Mar 2026
Fell over 2 months, back to the old high on 07 May 2026 — 1 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹357.80Cr

April - June 2026

+3%

since January - March 2026

+₹6.52Cr

est. net flow, last quarter

At or near its largest, ₹357.80Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Bank of India Mutual Fund is run by Bank of India Investment Managers, wholly owned by the bank since its former joint-venture partner AXA Investment Managers exited — the house was branded BOI AXA until then. It runs a compact equity, hybrid and debt line-up.

Launched

30 Mar 2008

Total AUM

₹15,446Cr+9.0% QoQ

Avg AUM · April - June 2026

Website

boimf.in

Fund Managers

NJNilesh JethaniManaging since 23 Apr 2024

Education

Post Graduate Program in Global Financial Markets, CFA Level 2.

Experience

He has over 9 years of experience in Equity Research across Financial, IT and Capital Goods sector. Experience • Bank of India Investment Managers Private Limited (November 2021, to Present). • Envision Capital Services Pvt Ltd (November 2020 to October 2021). • HDFC Securities Ltd (July 2019 to October 2020) • HDFC Bank Ltd (September 2016 to July 2019).

Funds managed (5)

All schemes Nilesh Jethani runs →

MBMithraem BharuchaManaging since 23 Apr 2024

Education

BMS; MBA; CFA Level 1 and MCOM Part 1

Experience

Over 15 years of experience in Fixed Income market domain, Investment strategy development, Trade idea generation, Trade execution, Cash Management, Fixed Income portfolio monitoring, Cash flow verification. Experience Details: 1. Bank of India Investment Managers Private Limited (August 17, 2021 - present) 2. YES Asset Management (India) Limited (October 2017 to August 10, 2021) 3. BNP Paribas Asset Management India Pvt. Ltd. (March 2007 to October 2017)

Funds managed (4)

All schemes Mithraem Bharucha runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Nilesh Jethani Mithraem Bharucha

Top holdings

State Bank of India ICICI Bank Limited Bank of Baroda Sterlite Technologies Limited HDFC Bank Limited Quality Power Electrical Eqp Ltd Shriram Finance Limited Entero Healthcare Solutions Ltd CreditAccess Grameen Limited Coforge Limited Mahindra & Mahindra Limited HDFC Asset Management Company Limited

Bank of India in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Multi Asset Allocation funds

Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.

Frequently asked questions

What is the NAV of Bank of India Multi Asset Allocation Fund?

As of 05 Oct 2026, the NAV of Bank of India Multi Asset Allocation Fund is ₹12.94 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bank of India Multi Asset Allocation Fund delivered?

Bank of India Multi Asset Allocation Fund has returned +9.61% over 1 year and +10.37% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund charges an expense ratio of 1.08% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund's largest holdings are 7.44% Indian Railway Finance Corporation Limited (28/02/2034) (6.5%), ICICI Prudential Gold ETF (5.9%), 8.05% Muthoot Finance Limited (25/11/2027) (5.2%), 8.1167% Bajaj Finance Limited (10/05/2027) (4.8%) and 7.73% Tata Capital Housing Finance Limited (14/01/2030) (4.2%). Holdings are disclosed monthly and change over time.

How risky is Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.0% and its worst peak-to-trough fall in our sample was -9.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund is benchmarked against the First Tier Benchmark: 40% of Nifty 500 TRI + 40% of Nifty. Its alpha and beta on this page are measured against that index.

Who manages Bank of India Multi Asset Allocation Fund?

Bank of India Multi Asset Allocation Fund is managed by Nilesh Jethani and Mithraem Bharucha at Bank of India.

How is Bank of India Multi Asset Allocation Fund taxed?

Bank of India Multi Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.