Funds/Dynamic Asset Allocation Fund/Bank of India Balanced Advantage Fund

Bank of India Balanced Advantage Fund

Bank of India Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50

The fund has significantly de-risked by cutting cash equivalents from 25.4% to a combined 16.8% (cash plus money market instruments), signaling reduced equity conviction after a strong market run. The introduction of TREPS as its largest holding alongside elevated government securities exposure reflects a cautious stance favoring liquidity and credit safety over growth equities. The modest 61% equity allocation, concentrated in quality financials and infrastructure, suggests the manager is protecting against downside while maintaining participation in stable dividend-paying sectors.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹25.4831	-0.95%	-0.91%	-0.70%	+4.81%	+10.00%	+10.21%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

19.07%

Top 10 Weight

32.46%

Active Share

—

Large Cap

58.22%

Gini

0.425

What Changed2026-03-31 → 2026-04-30

Holdings: 69 → 72+3 added−0 removed20 weight shifts ≥ 0.1%

Stock	Sector	Weight
8.95% Vedanta Limited (16/03/2029)	CRISIL AA	1.30%
182 Days Tbill (MD 22/10/2026)	SOVEREIGN	0.08%
TREPS		12.70%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	NIFTY May 2026 Future		DERIVATIVE	14.36%(der)
2	TREPS		CASH_EQUIVALENT	12.70%
3	Reliance Industries Limited INE002A01018	Petroleum Products	EQUITY	4.93%
4	IRB InvIT Fund INE183W23014	Transport Infrastructure	REIT_INVIT	3.81%
5	ICICI Bank Limited INE090A01021	Banks	EQUITY	3.81%
6	7.68% National Bank For Agriculture and Rural Development (30/04/2029) INE261F08EG3	CRISIL AAA	DEBT	3.27%
7	7.47% Small Industries Dev Bank of India (05/09/2029) ** INE556F08KR0	CRISIL AAA	DEBT	3.25%
8	HDFC Bank Limited INE040A01034	Banks	EQUITY	3.05%
9	364 Days Tbill (MD 11/06/2026) IN002025Z112	SOVEREIGN	DEBT	2.89%
10	7.37% Indian Railway Finance Corporation Limited (31/07/2029) ** INE053F08411	CRISIL AAA	DEBT	2.61%
11	Bharti Airtel Limited INE397D01024	Telecom - Services	EQUITY	2.53%
12	State Bank of India INE062A01020	Banks	EQUITY	2.31%
13	Adani Ports and Special Economic Zone Limited INE742F01042	Transport Infrastructure	EQUITY	2.29%
14	NTPC Limited INE733E01010	Power	EQUITY	2.07%
15	Shriram Finance Limited INE721A01047	Finance	EQUITY	2.04%
16	ITC Limited INE154A01025	Diversified FMCG	EQUITY	1.98%
17	7.6% Torrent Pharmaceuticals Limited (19/01/2029) INE685A07157	ICRA AA+	DEBT	1.94%
18	IndiGrid Infrastructure Trust INE219X23014	Power	EQUITY	1.70%
19	7.1% Government of India (18/04/2029) IN0020220011	SOVEREIGN	DEBT	1.67%
20	8.9% Muthoot Finance Limited (07/10/2027) ** INE414G07JI3	CRISIL AA+	DEBT	1.65%

Sector Allocation

Banks12.2%

CRISIL AAA9.1%

Transport Infrastructure6.1%

Power6.0%

SOVEREIGN5.9%

Petroleum Products4.9%

Finance4.0%

Automobiles3.9%

IT - Software3.6%

Diversified FMCG2.7%

Top 10 sectors by % to NAV. Excludes derivatives.