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
₹10.80
0.59%
NAV as on 19 Nov 24, 12:00 AM
very high risk
multi asset allocation
hybrid (c)
NAV as on 19 Nov 24, 12:00 AM
very high risk
multi asset allocation
hybrid (c)
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
10.17%p.a.
Since Inception
About Bank of India Multi Asset Allocation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Multi Asset Allocation Fund Growth scheme from Bank of India Investment Managers Private Limited. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Feb 2024, Bank of India Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 353.6 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.
- Bank of India Multi Asset Allocation Fund Growth delivered 0.0% annual returns during the last year. It has delivered 10.2% average annual returns since the fund was launched.
- Bank of India Multi Asset Allocation Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in hybrid (c)
Fund 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. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/ indicate any returns.
Top 10 Holdings
ICICI Pru Gold ETF
8.89%
Indian Railway Finance Corp Ltd. 7.44%
7.19%
Power Finance Corp Ltd. 7.6%
7.14%
Rural Electrification Corporation Limited
7.10%
LIC Housing Finance Limited
7.10%
Bajaj Finance Ltd. 8.1167%
5.12%
National Bank for Agriculture and Rural Development 7.68%
4.57%
Tata Capital Housing Finance Limited
4.25%
7.1% Govt Stock 2029
2.86%
State Bank of India
2.54%
Fund Managers
- Mithraem Bharucha (Feb 2024 - Present)
- Nilesh Jethani (Oct 2024 - Present)
Key Information
View Scheme Document
Bank of India Multi Asset Allocation Fund 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 Multi Asset Allocation Fund 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 Multi Asset Allocation Fund 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 Multi Asset Allocation Fund 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
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13.9%
Aditya Birla Sun Life Multi Asset Allocation Fund Growth
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Frequently Asked Questions
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