Bank of India Overnight Fund Direct Growth

Bank of India Overnight Fund Direct Growth

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Debt
Direct
Overnight
NAV: ₹ 1230.2 as on 13-06-2024

About the Fund

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 ₹71 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 4.84% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.89% and 5.50% respectively.

Holdings

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

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.

Fund Performance
zero opening, trading, fund transfer fee
5 people have invested ₹ 1.2L in Bank of India Overnight Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.08%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹71 Cr
Inception Date
Inception Date
28 January, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/--
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Bank of India Overnight Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Cash Equivalent
100%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 51.5 Cr
₹ 88.9 Cr
₹ 63.7 Cr
  • AUM of the fund stands at 51.5 Cr as of Apr'24
  • AUM decreased by 37.4 Cr between Apr'24 and Mar'24

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 4.84% since inception which is more than its category average return of 3.66%
AUM size ₹71 Cr

AUM size ₹71 Cr

This fund has AUM of ₹71 Cr which is less than its category average of ₹ 2630 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

The current NAV of Bank of India Overnight Fund Direct Growth is ₹1230.2 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Bank of India Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.56%
0.56%
6 Month Returns
3.39%
3.39%
1 Year Returns
6.89%
6.89%
3 Years Returns
17.41%
5.5%
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 May 2024
₹71 Cr as on May 2024
Yield to Maturity is 6.72 as on May 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 May 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%