Bank of India Multi Asset Allocation Fund
Bank of India Mutual Fund·Multi Asset Allocation·vs Nifty 200 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹12.7331 | — | — | — | — | — | — |
| Regular Growth | ₹12.4470 | +1.96% | +0.97% | +4.62% | +12.16% | — | — |
| Direct IDCW | ₹12.7288 | — | — | — | — | — | — |
| Regular IDCW | ₹12.4481 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
68
Top 5 Weight
30.65%
Top 10 Weight
48.37%
Active Share
—
Large Cap
23.01%
Gini
0.507
What Changed2026-03-31 → 2026-04-30
Holdings: 66 → 71+9 added−4 removed28 weight shifts ≥ 0.1%
| 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
CRISIL AAA29.3%
Banks7.0%
SOVEREIGN5.8%
CRISIL AA+5.6%
Finance4.0%
Capital Markets3.9%
Consumer Durables2.5%
Pharmaceuticals & Biotechnology2.1%
Automobiles1.7%
Electrical Equipment1.7%
Top 10 sectors by % to NAV. Excludes derivatives.