Bank of India Multi Asset Allocation Fund
The fund maintains a conservative posture with debt anchoring the portfolio at 43%, while gold's 15% allocation hedges against volatility. The overwhelming concentration in AAA-rated bonds and housing finance instruments reveals a defensive tilt toward stable, predictable returns rather than growth. Recent shifts—trimming IT exposure via Infosys and adding selective equity names like Deepak Nitrite—signal the manager is carefully rotating into pockets of value while preserving capital preservation, a prudent stance in uncertain markets.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹12.7512 | — | — | — | — |
| Regular Growth | ₹12.4643 | +0.80% | +11.69% | — | — |
| Direct IDCW | ₹12.7469 | — | — | — | — |
| Regular IDCW | ₹12.4654 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Deepak Nitrite Limited | 0.76% |
| Indian Bank | 0.48% |
| Vedanta Aluminium Metal Limited ** | 0.63% |
| Malco Energy Limited ** | 0.14% |
| Vedanta Iron And Steel Limited ** | 0.03% |
| Talwandi Sabo Power Limited ** | 0.02% |
| 8.95% Vedanta Limited (16/03/2029) | 0.56% |
| REPO | 1.82% |
| TREPS | 0.24% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | 7.8350% LIC Housing Finance Limited (11/05/2027) ** INE115A07QO2 | 7.01% |
| 2 | 7.44% Indian Railway Finance Corporation Limited (28/02/2034) ** INE053F08379 | 6.90% |
| 3 | ICICI Prudential Gold ETF INF109KC1NT3 | 6.11% |
| 4 | 8.05% Muthoot Finance Limited (25/11/2027) ** INE414G07JQ6 | 5.57% |
| 5 | 8.1167% Bajaj Finance Limited (10/05/2027) ** INE296A07SX7 | 5.06% |
| 6 | 7.73% Tata Capital Housing Finance Limited (14/01/2030) ** INE033L07IM5 | 4.46% |
| 7 | DSP Gold ETF INF740KA1SW3 | 3.65% |
| 8 | Nippon India ETF Gold Bees INF204KB17I5 | 3.54% |
| 9 | 6.48% Government of India (06/10/2035) IN0020250091 | 3.29% |
| 10 | 7.49% Small Industries Dev Bank of India (11/06/2029) ** INE556F08KX8 | 2.78% |
| 11 | 6.33% Government of India (05/05/2035) IN0020250026 | 2.09% |
| 12 | State Bank of India INE062A01020 | 2.02% |
| 13 | REPO | 1.82% |
| 14 | Net Receivables / (Payables) | 1.81% |
| 15 | ICICI Bank Limited INE090A01021 | 1.74% |
| 16 | Quality Power Electrical Eqp Ltd INE0SII01026 | 1.72% |
| 17 | 7.34% REC Limited (30/04/2030) ** INE020B08FL9 | 1.66% |
| 18 | Sky Gold And Diamonds Limited INE01IU01018 | 1.49% |
| 19 | Tata Steel Limited INE081A01020 | 1.48% |
| 20 | Dr. Reddy's Laboratories Limited INE089A01031 | 1.48% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bank of India Multi Asset Allocation Fund hold?
Bank of India Multi Asset Allocation Fund holds 68 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 30.65% of NAV.
What is the largest holding in Bank of India Multi Asset Allocation Fund?
The largest position in Bank of India Multi Asset Allocation Fund is 7.8350% LIC Housing Finance Limited (11/05/2027) **, accounting for 7.01% of NAV in the CRISIL AAA sector.
Is Bank of India Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.507, Bank of India Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 30,827 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 30.65% of the portfolio.
What is the market cap allocation of Bank of India Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Bank of India Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 23.01%, Mid Cap: 3.06%, Small Cap: 11.33%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bank of India Multi Asset Allocation Fund invest in most?
Bank of India Multi Asset Allocation Fund has the highest allocation to CRISIL AAA (29.27%), Banks (7.00%), SOVEREIGN (5.82%). The fund is invested across 30 sectors in total.
How actively managed is Bank of India Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Bank of India Multi Asset Allocation Fund has an Active Share of 74.42%, classifying it as "Highly Differentiated" among 32 Multi Asset Allocation peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Bank of India Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bank of India Multi Asset Allocation Fund added 9 new stocks (including Deepak Nitrite Limited) and exited 4 stocks (including Infosys Limited). Total holding count increased from 66 to 71 stocks.