Fundalysisby DARKHORSESTOCKS

Scheme

Bank of India Multi Asset Allocation Fund

Holds 50 companies worth ₹207 Cr in Sept 2026.

  • Fund house

    BOI AXAThe fund house that runs this scheme.

  • AUM

    ₹369 CrBank of India Multi Asset Allocation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.7% on Aug 2026, ₹379 Cr.

  • Largest holding

    State Bank of IndiaState Bank of India is 3.1% of this scheme's NAV.

  • Fund manager

    Mithraem BharuchaRuns it since 1 Mar 2024, as the fund house dates it. With Nilesh Jethani (fund manager).

Overview(7 Oct 2026)

Fund managers2

  1. Mithraem BharuchaFund manager, debt · Mar 2024
  2. Nilesh JethaniFund manager, equity · Apr 2024
  1. Alok SinghMar 2024 – Jun 2025

Key facts

Benchmark
40% of Nifty 500 TRI + 40% of Nifty Composite Debt Index + 15% of Domestic Prices of Gold + 5% of Domestic prices of Silver
Risk
High
Expense
Regular 2.18% · Direct 1.03%
Exit load
10% within 3 months
Started
28 Feb 2024
Minimum
₹5,000

Source.Its Scheme Summary Document as of 7 Oct 2026 at AMFI.

What changed(24 changes)

Oct 2026

1 change
  1. Expense ratio
    6 OctRegular 2.26% → 2.18%Direct 1.11% → 1.03%

Sept 2026

3 changes
  1. Exit load
    22 Sept10% within 1 year → 10% within 3 months
  2. Expense ratio
    22 SeptRegular 2.05% → 2.26%Direct 0.9% → 1.11%
  3. Category
    22 SeptMulti Asset Allocation → Multi Asset Allocation Fund

Jun 2026

1 change
  1. Benchmark
    11 Jun37.50% of Nifty 500 TRI + 50% of Nifty Composite Debt Index + 12.50% of Domestic Prices of Gold → 40% of Nifty 500 TRI + 40% of Nifty Composite Debt Index + 15% of Domestic Prices of Gold + 5% of Domestic prices of Silver

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Mar 2024 – now)

  1. Mithraem Bharucha
  2. Nilesh Jethani
  3. Alok Singh
MainCoSlice20252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Oct 2026)

Every change to the expense ratio, newest first.
20 changesRegularDirectΔ pt
6 Oct 20262.18%1.03%0.08
22 Sept 20262.26%1.11%0.21
3 May 20262.05%0.90%0.32
29 Apr 20262.37%1.22%0.28
27 Apr 20262.09%0.94%0.34
17 Apr 20262.43%1.28%0.24
8 Apr 20262.66%1.52%0.63
21 Jan 20262.02%0.89%0.10
8 Sept 20252.04%0.99%0.01
20 Aug 20252.05%1.00%0.09
11 Aug 20252.04%0.91%0.01
19 Jun 20252.05%0.92%0
16 Jan 20252.04%0.92%0.10
29 Nov 20242.06%1.02%0.11
8 Nov 20242.07%1.13%0.01
7 Nov 20242.07%1.14%0.01
14 Oct 20242.07%1.15%0.07
9 Oct 20242.09%1.22%0.01
4 Sept 20242.09%1.23%0.01
2 Sept 20242.10%1.24%–
Direct plan, 6 Oct 2026
1.03%
Regular plan 2.18% · Exit load 10% within 3 months
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(7 Oct 2026)

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/ Silver 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.

Risk, type and benchmark

Riskometer
High
At launch
Very High
Type
An open-ended scheme investing in Equity, Debt and Gold ETF/ Silver ETF
Benchmark
40% of Nifty 500 TRI + 40% of Nifty Composite Debt Index + 15% of Domestic Prices of Gold + 5% of Domestic prices of Silver

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments
    Allowed10–80%Holds56.0%
  2. Debt and Money Market instruments
    Allowed10–80%Holds44.0%
  3. Gold ETF/Silver ETF
    Allowed10–50%
  4. Units issued by INVITs
    Allowed0–10%Holds0.0%
  5. ETCDs
    Allowed0–30%
  6. Mutual fund units
    Allowed0–5%Holds0.0%

Holds in Sept 2026.56.0% equity · 44.0% debt and cash

How to invest(7 Oct 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
There is no limit on the maximum amount to be raised under the Scheme.
Systematic
SIP - Weekly & Monthly, SWP - Monthly & Quarterly, STP - Daily, Weekly & Monthly
Dates
SIP - Weekly (Monday to Friday) & Monthly (any day - 1 to 28), SWP - Monthly (01,07,10,15,20,25) & Quarterly (01,07,10,15,20,25), STP - Daily (any day - 1 to 28), Weekly (Monday to Friday) & Monthly (01,07,10,15,20,25) If such a day is a Holiday/Non-Business day, then the next Business Day
Minimum
SIP - 250, SWP - 1000 & STP - 1000, then sIP - 1, SWP - 1 & STP - 1
Instalments
SIP - Weekly 12 & Monthly 6, SWP - Monthly 6 & Quarterly 4, STP - Daily 30, Weekly 12 & Monthly 6
Most
₹99,99,999

Selling and switching

To redeem
₹1 or Rs. 1,000/- (or equivalent Unit value) or account balance, whichever is lower units
Minimum balance
₹0.01 or 0.001 units
Switch minimum
₹5,000
Switch multiples
₹1 or 0.001 units
Switch most
₹99,99,99,99,999 or 99999999999 units

Scheme details(7 Oct 2026)

What it is

Category
Multi Asset Allocation Fund
Offer
7 Feb 2024 to 21 Feb 2024
Started
28 Feb 2024
Reopened
1 Mar 2024
Plans
Regular Plan and Direct Plan. Each of the Plan shall offer the following Option: · •Growth Option · • IDCW Option (Reinvestment of IDCW & payout of IDCW facility)
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Enabling provision in SID. However, no segregated portfolio is created.
Custodian
Deutsche Bank AG
Auditor
Chokshi & Chokshi LLP (Statutory Auditors)
Registrar
KFin Technologies Limited
SEBI code
BOIA/O/H/MAA/24/01/0019