Bank of India Overnight Fund Direct Growth
Debt
Direct
Overnight
NAV: ₹ 1173.5 as on 29-09-2023
Fund Performance
6 people have invested ₹ 3.1L in Bank of India Overnight Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, this fund has outperformed all funds in its category.
Over the last 6 months, this fund has experienced a 413.8% growth in AUM moving from 30.22 Cr to 155.24 Cr.
This fund expense ratio is slightly on the lower side within the category (overnight). Its expense ratio is 0.09% which is lower than the category average expense ratio of 0.13%.
In the last 3 years, this fund has outperformed all funds in its category.
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
- Bank of India Overnight Fund Direct Growth has ₹155 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Bank of India Overnight Fund Direct Growth Overview
 | 0.09% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹155 Cr |
 | 28 January, 2020 |
 | ₹5000/₹0 |
 | 0% |
 | No Lock-in |
 TurnOver | 0% |
Fund Distribution as on (31-Dec-69)
Sector Allocation
Cash Equivalent
100%
Bank of India Overnight Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 78 Cr as of Aug'23
- AUM increased by 44.5 Cr between Aug'23 and Jul'23
Peer Analysis
Fund Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 4.45% since inception which is more than its category average return of 3.38%
AUM size ₹155 Cr
This fund has AUM of ₹155 Cr which is less than its category average of ₹ 3025 Cr
Expense Ratio 0.09%
This fund has an expense ratio of 0.09% which is less than its category average expense ratio of 0.14%
Frequently Asked Questions
The current NAV of Bank of India Overnight Fund Direct Growth is ₹1173.49 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Bank of India Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.57% | 0.57% |
6 Month Returns | 3.36% | 3.36% |
1 Year Returns | 6.58% | 6.58% |
3 Years Returns | 14.49% | 4.61% |
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.
0.09% as on August 2023
₹155 Cr as on August 2023
Yield to Maturity is 6.7 as on August 2023. 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 August 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
The Exit load of Bank of India Overnight Fund Direct Growth is 0%