Bank of India Overnight Fund Direct Monthly Reinvestment of Income Dist cum Cap Wdrl

Bank of India Overnight Fund Direct Monthly Reinvestment of Income Dist cum Cap Wdrl is a hybrid fund. This fund was started on 28 January, 2020. The fund is managed by Mithraem Bharucha. This fund gives you the benefit of diversification.

1. Bank of India Overnight Fund Direct Monthly Reinvestment of Income Dist cum Cap Wdrl has ₹34 Cr worth of assets under management (AUM) as on Oct 2025 and is more than category average.
2. The fund has an expense ratio 0.1.
   

Bank of India Overnight Fund Direct Monthly Reinvestment of Income Dist cum Cap Wdrl has given a CAGR return of 4.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.03%, 6.13% and 5.19% respectively.

Bank of India Overnight Fund Direct Monthly Reinvestment of Income Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent.

As it is a overnight mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the scheme is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. Bank of India Overnight Fund Direct Monthly Reinvestment of Income Dist cum Cap Wdrl has no lock in period.