Funds similar to Bank of India Balanced Advantage Fund Direct-Growth in the Hybrid: Dynamic Asset Allocation category include HDFC Balanced Advantage Fund Direct-Growth, ICICI Prudential Balanced Advantage Direct-Growth, and SBI Balanced Advantage Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

On a 3-year return basis Bank of India Balanced Advantage Fund Direct-Growth is ranked 22 out of 31 funds in the Hybrid: Dynamic Asset Allocation category as of 23 Jul 2026. On a 5-year return basis it ranks 5 out of 23. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Bank of India Balanced Advantage Fund Direct-Growth has an expense ratio of 1.40%. The peers HDFC Balanced Advantage Fund Direct-Growth has an expense ratio of 0.77% and ICICI Prudential Balanced Advantage Direct-Growth has 1.06%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Bank of India Balanced Advantage Fund Direct-Growth has an AUM of ₹169.8 crore. The peers HDFC Balanced Advantage Fund Direct-Growth has an AUM of ₹1,06,456 crore and ICICI Prudential Balanced Advantage Direct-Growth has ₹72,486.3 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

The top performing fund in the Hybrid: Dynamic Asset Allocation category on a 3-year basis is Quant Dynamic Asset Allocation Fund Direct-Growth with a CAGR of 15.42% as of 23 Jul 2026. Bank of India Balanced Advantage Fund Direct-Growth has delivered 9.63% CAGR over the same period, ranking 22 out of 31 funds. You can view and compare the full category ranking on sharpely.

On a risk-adjusted basis, Bank of India Balanced Advantage Fund Direct-Growth has a Sharpe ratio of 0.47 compared to the Hybrid: Dynamic Asset Allocation average of 0.57 as of 23 Jul 2026. It ranks 24 out of 33 funds in its category on Sharpe ratio.