NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹24.00
0.19%
NAV as on 19 Nov 24, 12:00 AM
very high risk
dynamic asset allocation
equity
NAV as on 19 Nov 24, 12:00 AM
very high risk
dynamic asset allocation
equity
16.44%p.a.
Last 1Y
12.95%p.a.
Last 3Y
11.05%p.a.
Last 5Y
8.80%p.a.
Since Inception
About Bank of India Balanced Advantage Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Balanced Advantage Growth scheme from Bank of India Investment Managers Private Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Mar 2014, Bank of India Balanced Advantage Growth is Dynamic Asset Allocation fund of its category with 135.02 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- Bank of India Balanced Advantage Growth delivered 16.4% annual returns during the last year. It has delivered 8.8% average annual returns since the fund was launched.
- Bank of India Balanced Advantage Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
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.
Top 10 Holdings
Nifty November 2024 Future
10.39%
HDFC Bank Ltd
7.26%
Reliance Industries Ltd
5.74%
State Bank of India
4.02%
National Bank For Agriculture And Rural Development
3.74%
National Bank for Agriculture and Rural Development 7.68%
3.74%
Small Industries Development Bank Of India
3.71%
ICICI Bank Ltd
3.30%
7.18% Govt Stock 2033
2.78%
Kotak Mahindra Bank Ltd
2.45%
Fund Managers
- Alok Singh (Dec 2021 - Present)
Key Information
View Scheme Document
Bank of India Balanced Advantage Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Bank of India Balanced Advantage Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Bank of India Balanced Advantage Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Bank of India Balanced Advantage Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
Funds
3Y Return
HDFC Balanced Advantage Fund Growth
very high risk | hybrid (nc)
20.5%
ICICI Prudential Balanced Advantage Fund Growth
very high risk | equity
11.7%
Kotak Balanced Advantage Fund Growth
very high risk | equity
10.4%
Frequently Asked Questions
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