Bank of India Multi Asset Allocation Fund vs PGIM India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund are both Multi Asset funds. Bank of India Multi Asset Allocation Fund charges 1.03% a year and PGIM India Multi Asset Allocation Fund 0.85% (Direct plans). Their portfolios overlap 21.6%: they hold 17 of the same securities.
Bank of India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.03%
- NAV
- ₹12.40
PGIM India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.85%
- NAV
- ₹10.12
Which is better, Bank of India Multi Asset Allocation or PGIM India Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- PGIM India Multi Asset Allocation costs less: 0.85% a year against 1.03% (Direct plans).
- Bank of India Multi Asset Allocation fell less in its worst fall since 03-12-2025: −8.2% against −12.1%.
- PGIM India Multi Asset Allocation holds more in large companies: 39.7% of the fund in large caps against 28.6%.
- Bank of India Multi Asset Allocation is the larger fund: ₹369 Cr against ₹324 Cr.
- Their portfolios overlap 21.6%: 17 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bank of India Multi Asset Allocation Fund | PGIM India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | PGIM India Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹369 Cr (30-09-2026) | ₹324 Cr (30-09-2026) |
| NAV | ₹12.40 (Direct) | ₹10.12 (Direct) |
| Expense ratio (Direct) | 1.03% | 0.85% |
| Expense ratio (Regular) | 2.18% | 2.56% |
| Riskometer | High | Very High |
| Benchmark | 40% Nifty500 TRI + 40% Nifty Composite Debt Index + 15% Domestic Prices of Gold + 5% Domestic Prices of Silver | 60% Nifty 500 TRI + 20% Crisil Short Term Bond Index + 10% Domestic prices of Gold + 10% Domestic prices of Silver |
| Launch date | 28-02-2024 | 28-11-2025 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Mithraem Bharucha, amp, Nilesh Jethani | Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Exit load of 0.50%, if redeemed within 90 days |
Bank of India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bank of India Multi Asset Allocation Fund (Direct) | −3.82% | −3.73% | −2.00% | +3.36% | -- | -- | -- |
| PGIM India Multi Asset Allocation Fund (Direct) | −2.32% | −4.26% | −2.03% | -- | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | -- | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Bank of India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Year-wise Returns
| Year | Bank ofBank of India Multi Asset Allocation | PGIMPGIM India Multi Asset Allocation |
|---|---|---|
| 2026to date | +1.40% | −1.17% |
| 2025 | +11.42% | -- |
Bank of India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Bank of India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Multi Asset Allocation Fund (Direct) | PGIM India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.35% | +1.44% |
| Standard deviation | 8.97% | 13.01% |
| Sharpe ratio | 0.27 | -0.29 |
| Sortino ratio | 0.36 | -0.38 |
| Maximum drawdown | −9.4% (28-02-2025) | −12.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-03-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bank of India Multi Asset Allocation Fund (Direct)
PGIM India Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Multi Asset Allocation Fund (Direct) | −8.2% | 28-08-2026 | 23-10-2026 | Not yet | -- | −7.4% |
| PGIM India Multi Asset Allocation Fund (Direct) | −12.1% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −7.4% |
From daily values since 03-12-2025, the first day every fund has.
Bank of India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Multi Asset Allocation Fund, September 2026; PGIM India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 21.6%
- Held by both
- 17
- Only in Bank of India Multi Asset Allocation
- 47
- Only in PGIM India Multi Asset Allocation
- 73
| Security | % of Bank of India Multi Asset Allocation | % of PGIM India Multi Asset Allocation |
|---|---|---|
| ICICI Prudential Gold ETF | 5.83% | 4.61% |
| ICICI Prudential Silver ETF | 2.97% | 2.89% |
| ICICI Bank Limited | 2.25% | 2.76% |
| State Bank of India | 3.12% | 2.24% |
| HDFC Bank Limited | 2.21% | 3.85% |
| Titan Company Limited | 1.32% | 3.00% |
| Tech Mahindra Limited | 1.36% | 1.07% |
| Mankind Pharma Limited | 0.99% | 0.84% |
| ICICI Prudential Asset Management Company Limited | 1.09% | 0.57% |
| Bharti Airtel Limited | 0.57% | 1.08% |
| Reliance Industries Limited | 0.56% | 1.80% |
| Bharat Electronics Limited | 0.53% | 1.15% |
| Power Grid Corporation of India Limited | 0.51% | 0.52% |
| Multi Commodity Exchange of India Limited | 1.07% | 0.42% |
| Shriram Finance Limited | 1.73% | 0.41% |
| Mahindra & Mahindra Limited | 0.74% | 0.33% |
| HDFC Asset Management Company Limited | 1.30% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.6% means 21.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bank of India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 7.44% Indian Railway Finance Corporation Limited (28/02/2034) | 6.64% |
| DSP Gold ETF | 6.00% |
| 8.1167% Bajaj Finance Limited (10/05/2027) | 4.88% |
| Nippon India ETF Gold Bees | 3.38% |
| 6.48% Government of India (06/10/2035) | 3.16% |
Largest holdings only in PGIM India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.01% Government of India | 6.01% |
| SBI Mutual Fund | 4.61% |
| HDFC Mutual Fund | 4.61% |
| Kotak Mahindra Bank Ltd. | 3.79% |
| 91 DAYS TBILL RED 01-10-2026 | 3.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Multi Asset Allocation | PGIM India Multi Asset Allocation |
|---|---|---|
| Equity | 56.0% | 65.2% |
| Debt | 20.8% | 10.3% |
| Cash and others | 23.2% | 24.5% |
Market cap of stocks
| Market cap | Bank of India Multi Asset Allocation | PGIM India Multi Asset Allocation |
|---|---|---|
| Large Cap | 28.6% | 39.7% |
| Mid Cap | 4.8% | 20.3% |
| Small Cap | 22.6% | 3.9% |
| Not on AMFI's list | 0.0% | 1.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bank of India Multi Asset Allocation | PGIM India Multi Asset Allocation |
|---|---|---|
| Banks | 11.1% | 14.0% |
| Capital Markets | 5.6% | 2.4% |
| Pharmaceuticals & Biotechnology | 1.0% | 4.7% |
| Consumer Durables | 2.4% | 4.3% |
| Finance | 4.0% | 3.2% |
| Telecom - Equipment & Accessories | 3.8% | 0.0% |
| Retailing | 2.2% | 3.8% |
| Auto Components | 0.0% | 3.5% |
| IT - Software | 2.0% | 3.2% |
| Electrical Equipment | 3.1% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Multi Asset Allocation Fund | PGIM India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 0.85% |
| Base expense ratio (Direct) | 0.70% | 0.54% |
| Total expense ratio (Regular) | 2.18% | 2.56% |
| Base expense ratio (Regular) | 1.67% | 1.99% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Bank of India Multi Asset Allocation with
- Bank of India Multi Asset Allocation vs Quant Multi Asset Allocation
- Bank of India Multi Asset Allocation vs Nippon India Multi Asset Allocation
- Bank of India Multi Asset Allocation vs DSP Multi Asset Allocation
- Bank of India Multi Asset Allocation vs Kotak Multi Asset Allocation
- Bank of India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Compare PGIM India Multi Asset Allocation with
- PGIM India Multi Asset Allocation vs Quant Multi Asset Allocation
- PGIM India Multi Asset Allocation vs Nippon India Multi Asset Allocation
- PGIM India Multi Asset Allocation vs DSP Multi Asset Allocation
- PGIM India Multi Asset Allocation vs Kotak Multi Asset Allocation
- PGIM India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Bank of India Multi Asset Allocation Fund vs PGIM India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Bank of India Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund?
Both are Multi Asset funds, run by Bank of India Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 21.6%. Bank of India Multi Asset Allocation Fund charges 1.03% a year and PGIM India Multi Asset Allocation Fund 0.85%.
Which has the lower expense ratio, Bank of India Multi Asset Allocation Fund or PGIM India Multi Asset Allocation Fund?
PGIM India Multi Asset Allocation Fund charges less: 0.85% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund overlap?
21.6%. They hold 17 of the same securities, the largest shared ones being GOLDIETF, SILVERIETF, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Bank of India Multi Asset Allocation Fund or PGIM India Multi Asset Allocation Fund?
On SEBI's riskometer, Bank of India Multi Asset Allocation Fund is rated High and PGIM India Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 8.97% and 13.01% a year.
Can I invest in both Bank of India Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund?
Yes. 21.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund?
Bank of India Multi Asset Allocation Fund: Mithraem Bharucha, amp, Nilesh Jethani. PGIM India Multi Asset Allocation Fund: Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.