Bank of India Short Term Income Fund Direct Growth

Bank of India Short Term Income Fund Direct Growth

Debt

BOI AXA Mutual Fund

Short Duration

Get the latest NAV of Bank of India Short Term Income Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹29.35

▲0.1%1D

NAV as on 14 Aug 2025

6.97%/per year

Since Inception

Absolute Gain%

▲▼

763 people have invested ₹ 2.3Cr in Bank of India Short Term Income Fund Direct Growth in the last three months

Bank of India Short Term Income Fund Performance vs. Short Duration Index

Fund returns vs Benchmark returns vs Category Average returns as on (14-Aug-25)

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.35%
1.53%
4.43%
10.22%
10.33%
10.66%
Short Duration Avg
0.24%
1.46%
4.6%
8.58%
7.61%
6.35%
Best in Short Duration
0.39%
1.75%
5.15%
10.22%
10.33%
10.66%
Worst in Short Duration
0.17%
1.28%
4.42%
8.29%
7.35%
5.91%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Bank of India Short Term Income Fund
-
223Cr
0.45%
10.22%
10.33%
1.49
2.18
0.78
6.45
0.63
ICICI Prudential Short Term Fund Direct Growth
1/14
22,070Cr
0.45%
9.1%
8.52%
1.03
0.81
2.39
11.81
2.21
Axis Short Duration Fund Direct Growth
2/14
11,760Cr
0.37%
9.44%
8.16%
0.38
1.17
1.50
3.84
1.58
Nippon India Short Duration Fund Direct Growth
3/14
8,739Cr
0.38%
9.39%
8.17%
0.34
1.26
1.45
3.52
1.69
See all

Bank of India Short Term Income Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Bank of India Short Term Income Fund Asset Allocation

See fund asset allocation details as on (14-Aug-25)

Fund Distribution

as on (14-Aug-25)

Debt & Cash 99.8%

AAA
87.4%
AA
12.6%
Cash allocation has gone down from 46.5% to 45.2%
Cash allocation has gone down from 46.5% to 45.2%
Debt allocation has gone up from 53.4% to 54.6%
Debt allocation has gone up from 53.4% to 54.6%

Bank of India Short Term Income Fund Sector Allocation

See fund sector allocation details as on (14-Aug-25)

Sector Allocation

Debt & Cash 99.8%

Cash Equivalent
37.7%
Government
31.6%
Corporate
30.7%

Top 2 Sectors in July were Corporate, Government

Jul'25

Corporate

59%

Government

23%

Jun'25

Corporate

52%

Government

23%

Bank of India Short Term Income Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.45%
Benchmark
CRISIL Short Term Bond TR INR
AUM₹223 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
350.52%
Risk
Risk meter
pointer
Low to Moderate Risk

About Bank of India Short Term Income Fund

Bank of India Short Term Income Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Mithraem Bharucha. This fund is suitable to keep your money safe.

Key Parameters

  1. Bank of India Short Term Income Fund Direct Growth has ₹223 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Bank of India Short Term Income Fund Direct Growth has given a CAGR return of 6.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.22%, 10.33% and 10.66% respectively.

Holdings

Bank of India Short Term Income Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are LIC Housing Finance Ltd., Punjab National Bank, Motilal Oswal Financial Services Ltd, Rec Limited, Canara Bank

Taxation

As it is a short duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Bank of India Short Term Income Fund Direct Growth

The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Short Term Income Fund Direct Growth has no lock in period.

Fund Manager

Mithraem Bharucha

Fund Manager of Bank of India Short Term Income Fund Direct Growth, since 17 August 2021

Learn more about BOI AXA Mutual Fund
Parameters
Jul'25
Jun'25
May'25
AUM
₹ 223.5 Cr
₹ 164.8 Cr
₹ 137.2 Cr
  • AUM of the fund stands at 223.5 Cr as of Jul'25
  • AUM increased by 58.7 Cr between Jul'25 and Jun'25

Frequently Asked Questions for Bank of India Short Term Income Fund Direct Growth

How do I invest in Bank of India Short Term Income Fund?

INDmoney makes it simple to invest in the Bank of India Short Term Income Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Bank of India Short Term Income Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Bank of India Short Term Income Fund?

The NAV of the fund today is ₹29.35. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Bank of India Short Term Income Fund fund has generated a return of 10.22% in 1 year, 10.33% in 3 years, 10.66% in 5 years.

Who is the fund manager of Bank of India Short Term Income Fund?

The fund managers are Mithraem Bharucha.

What is the expense ratio of the fund?

The expense ratio is 0.45%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹223 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Bank of India Short Term Income Fund?

The top 3 holdings of the fund are LIC Housing Finance Ltd.(8.97%), Punjab National Bank(6.58%), Motilal Oswal Financial Services Ltd(6.31%)