HealthyDirect · GrowthFit for a long SIP
Bank of India Multi Asset Allocation Fund
Bank of India Mutual FundHybrid Scheme - Multi Asset Allocation2.7 years
The scheme seeks to seek long term capital growth by predominantly investing in equity and equity related securities, debt & money market instruments and Gold ETF.
- NAV
- 12.4521
- 27 Oct 2026
- 1Y
- +3.6%
- Trailing CAGR
- AUM
- ₹368.88 Cr
- 30 Sept 2026
- Volatility
- Medium
- 9.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 27 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 · Peak-to-trough drawdown has stayed shallower than 15%.
Buy checklist
History depth
Fail
2.7 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.03% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -9.4%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Pass
Nilesh Jethani · 2.5 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
Pass
Top 10 holdings ≈ 43.6% 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 9%. 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+3.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+8.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-1.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +8.5%
- Calendar-day CAGR
- Excess 1Y
- +1.9%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -9.4%
- Worst peak-to-trough
- Current
- -7.0%
- Below last peak
- Current spell
- 60 days
- Days below latest peak
- Time below peak
- +83%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 45 recovered episodes
- Longest recovery
- 87 days
- Trough to prior peak
11 Dec 2024 – 26 May 2025
Trough 28 Feb 2025 · recovered in 87 days
-9.4%
28 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-8.2%
29 Jan 2026 – 7 May 2026
Trough 23 Mar 2026 · recovered in 45 days
-7.4%
3 Jun 2024 – 13 Jun 2024
Trough 4 Jun 2024 · recovered in 9 days
-4.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
30
Vs category
62
Consistency
18
Risk-adjusted
42
Drawdown
77
Mean
46
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
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 66 holdings · top 10 are 43.6%.
- Top 5
- 28.1%
- Top 10
- 43.6%
- Largest holding
- 6.6%
- Effective holdings
- 35.2
INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 177 7.44 BD 28FB34 FVRS1LAC
Financial
6.6%
DSP Gold ETF - Growth
Unspecified
6.0%
ICICI Prudential Gold Exchange Traded Fund IDCW
Unspecified
5.8%
BAJAJ FINANCE LIMITED 8.1167 NCD 10MY27 FVRS1LAC
Financial
4.9%
Net Receivables
Unspecified
4.8%
What changed
DECISION
Status moved from HEALTHY to MONITOR.
15 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
SBI MULTI ASSET ALLOCATION FUND
SBI Mutual Fund
- 1Y
- +2.3%
- 3Y
- +13.6%
- Vol
- 6.6%
- Max DD
- -17.6%
- Sharpe
- 0.90
- 3Y win
- +45%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Edelweiss Multi Asset Allocation Fund
Edelweiss Mutual Fund
- 1Y
- +6.1%
- 3Y
- +7.5%
- Vol
- 1.9%
- Max DD
- -1.8%
- Sharpe
- 0.79
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Aditya Birla Sun Life Multi Asset Allocation Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +3.9%
- 3Y
- +15.3%
- Vol
- 9.8%
- Max DD
- -12.8%
- Sharpe
- 0.92
- 3Y win
- +59%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
BANDHAN MULTI ASSET ALLOCATION FUND
Bandhan Mutual Fund
- 1Y
- +5.2%
- 3Y
- n/a
- Vol
- 9.2%
- Max DD
- -10.0%
- Sharpe
- 0.78
- 3Y win
- n/a
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Kotak Multi Asset Allocation Fund
Kotak Mahindra Mutual Fund
- 1Y
- +3.5%
- 3Y
- +15.8%
- Vol
- 12.3%
- Max DD
- -13.8%
- Sharpe
- 0.76
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown