Bank of India Overnight Fund Direct Growth

Bank of India Overnight Fund Direct Growth

Debt

Direct

Overnight

NAV as on 04-12-2024

₹ 1268.85

Inception Returns

5%

/yr

About Bank of India Overnight Fund Direct Growth

Bank of India Overnight Fund Direct Growth is a debt fund. This fund was started on 28 January, 2020. The fund is managed by . This fund is suitable to keep your money safe.

Key Parameters

  1. Bank of India Overnight Fund Direct Growth has ₹107 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Bank of India Overnight Fund Direct Growth has given a CAGR return of 5.03% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.81% and 6.05% respectively.

Holdings

Bank of India Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 182 DTB 12122024

Taxation

As it is a overnight mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Bank of India Overnight Fund Direct Growth

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 and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. Bank of India Overnight Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
20 people have invested ₹ 11.5L in Bank of India Overnight Fund Direct Growth in the last three months

Bank of India Overnight Fund Direct Growth Overview

Expense ratio0.08%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹107 Cr
Inception Date28 January, 2020
Min Lumpsum/SIP₹5000/--
Exit Load0%
Lock InNo Lock-in
TurnOver
33.33%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low Risk

Trailing Returns

as on (04-Dec-24)

Period
Bank of India Overnight Fund Direct Growth
Overnight Index
1M
0.5%
-
3M
1.6%
-
6M
3.3%
-
1Y
6.8%
-
3Y
6%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 105.5 Cr
₹ 60 Cr
₹ 188.8 Cr
  • AUM of the fund stands at 105.5 Cr as of Oct'24
  • AUM increased by 45.5 Cr between Oct'24 and Sep'24
  • Debt & Cash

Holdings
Weight%
1M Change
182 DTB 12122024
182 DTB 12122024
4.66%
0%
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Fund House
Bank of India Investment Managers Private Limited
Total AUM
₹11.36K Cr
as on 31-Oct-2024
Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Phone
+912240479000
Website
service@boimf.in

Bank of India Overnight Fund Direct Growth Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.03% since inception which is more than its category average return of 3.98%
AUM size ₹107 Cr

AUM size ₹107 Cr

This fund has AUM of ₹107 Cr which is less than its category average of ₹ 2689 Cr
Expense Ratio 0.08%

Expense Ratio 0.08%

This fund has an expense ratio of 0.08% which is less than its category average expense ratio of 0.13%

Frequently Asked Questions for Bank of India Overnight Fund Direct Growth

The current NAV of Bank of India Overnight Fund Direct Growth is ₹1268.85 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
Bank of India Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.53%
0.53%
6 Month Returns
3.31%
3.31%
1 Year Returns
6.81%
6.81%
3 Years Returns
19.26%
6.05%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.08% as on November 2024
₹107 Cr as on November 2024
Yield to Maturity is 6.39 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
The Exit load of Bank of India Overnight Fund Direct Growth is 0%