NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Bank of India Multi Asset Allocation Fund -Growth for NRI [12.25]

Min Investment

₹5,000

Fund Size

₹350.23 Cr

Expense Ratio

2.0%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹12.25

-0.47%

NAV as on 06 Mar 26, 12:00 AM

very high risk

multi asset allocation

hybrid (c)

NAV as on 06 Mar 26, 12:00 AM

very high risk

multi asset allocation

hybrid (c)

17.61%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

10.57%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 Mutual Fund. 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 350.23 Cr fund under management as on Mar 2026. 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 17.6% annual returns during the last year. It has delivered 10.6% 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 Prudential Gold Exchange Traded Fund IDCW

9.19%

Nippon India ETF Gold BeES IDCW

3.84%

Repo

1.46%

Net Receivables

2.74%

CENTRAL GOVERNMENT LOAN 31568 GOI 18AP29 7.10 FV RS 100

0.29%

DSP Gold ETF - Growth

3.99%

GOI Sec 7.18 14/08/2033

1.50%

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR F24 7.68 BD 30AP29 FVRS1LAC

1.44%

GOVERNMENT OF INDIA 35031 GOI 07OT34 6.79 FV RS 100

1.47%

TATA CAPITAL HOUSING FINANCE LIMITED SR F 7.73 NCD 14JN30 FVRS1LAC

4.60%

Fund Managers

  1. Mithraem Bharucha (Feb 2024 - Present)
  2. Nilesh Jethani (Apr 2024 - Present)

Key Information

View Scheme Document

Bank of India Multi Asset Allocation Fund -Growth SIP Calculator

If invested

₹5,000

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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

Similar Funds

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3Y Return

ICICI Prudential Multi Asset Fund-Growth

very high risk | hybrid (c)

19.2%

ICICI Prudential Multi-Asset Fund Reinvestment Inc Dist cum Cap Wdrl

very high risk | equity

0.0%

Nippon India Multi Asset Allocation Fund - Growth

very high risk | hybrid (c)

21.4%

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