HealthyDirect · GrowthFit for a long SIP
BANK OF INDIA BALANCED ADVANTAGE FUND
Bank of India Mutual FundHybrid Scheme - Dynamic Asset Allocation or Balanced Advantage12.6 years
The scheme aims at generating long term returns with lower volatility by following a disciplined allocation between equity and debt securities. The equity allocation will be determined based on the month end P/E ratio of the CNX Nifty Index.
- NAV
- 27.6771
- 29 Oct 2026
- 1Y
- -0.7%
- Trailing CAGR
- AUM
- ₹177.62 Cr
- 31 Aug 2026
- Volatility
- Medium
- 8.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Buy checklist
History depth
Pass
12.6 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.39% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -17.8%. Ask whether you can hold through a similar fall.
Vs category
Fail
18% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Alok Singh · 4.9 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 61.3% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 18%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-0.7%
- 3Y+9.4%
- 5Y+9.9%
- 10Y+7.3%
- SI+8.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-2.1%
- 3Y+3.6%
- 5Y+7.8%
- 10Y+8.3%
- Since inception
- +8.4%
- Calendar-day CAGR
- Excess 1Y
- +2.1%
- Category median, same plan and option
- 3Y win rate
- +18%
- Windows beating the median
- 3Y percentile
- 59
- Vs comparable share classes
- SIP 3Y XIRR
- +3.6%
- Simulated monthly SIP
- Worst rolling 3Y
- -3.0%
- 2365 daily-ending windows
- Median rolling 3Y
- +8.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1872 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -17.8%
- Worst peak-to-trough
- Current
- -4.7%
- Below last peak
- Current spell
- 87 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 11 days
- 163 recovered episodes
- Longest recovery
- 239 days
- Trough to prior peak
27 Aug 2018 – 17 Nov 2020
Trough 23 Mar 2020 · recovered in 239 days
-17.8%
27 Sept 2024 – 20 Oct 2025
Trough 28 Feb 2025 · recovered in 234 days
-12.8%
8 Apr 2022 – 16 Aug 2022
Trough 20 Jun 2022 · recovered in 57 days
-9.7%
17 Jan 2022 – 31 Mar 2022
Trough 7 Mar 2022 · recovered in 24 days
-7.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
59
Vs category
63
Consistency
25
Risk-adjusted
41
Drawdown
56
Mean
49
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
31 Aug 2026 · 76 holdings · top 10 are 61.3%.
- Top 5
- 48.7%
- Top 10
- 61.3%
- Largest holding
- 16.3%
- Effective holdings
- 17.4
Repo
Unspecified
16.3%
NIFTY September 2026 Future
Financial
12.6%
Reliance Industries Ltd
Energy & Utilities
3.8%
ICICI Bank Ltd
Financial
3.8%
IRB InvIT Fund EQ
Industrials
3.5%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
BANDHAN Balanced Advantage Fund
Bandhan Mutual Fund
- 1Y
- +0.6%
- 3Y
- +9.5%
- Vol
- 8.6%
- Max DD
- -25.9%
- Sharpe
- 0.40
- 3Y win
- +19%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
DSP Dynamic Asset Allocation Fund
DSP Mutual Fund
- 1Y
- +0.1%
- 3Y
- +10.2%
- Vol
- 7.0%
- Max DD
- -19.3%
- Sharpe
- 0.55
- 3Y win
- +32%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Edelweiss Balanced Advantage Fund
Edelweiss Mutual Fund
- 1Y
- +0.0%
- 3Y
- +10.6%
- Vol
- 9.0%
- Max DD
- -16.2%
- Sharpe
- 0.67
- 3Y win
- +77%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Franklin India Balanced Advantage Fund
Franklin Templeton Mutual Fund
- 1Y
- -4.2%
- 3Y
- +9.1%
- Vol
- 6.9%
- Max DD
- -8.1%
- Sharpe
- 0.58
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Parag Parikh Dynamic Asset Allocation Fund
PPFAS Mutual Fund
- 1Y
- +0.8%
- 3Y
- n/a
- Vol
- 2.8%
- Max DD
- -2.7%
- Sharpe
- 0.00
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns