Debt
Direct
Overnight
NAV as on 04-12-2024
₹ 1268.85
Inception Returns
5%
/yr
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.
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.
Bank of India Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 182 DTB 12122024
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.
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 Growth has no lock in period.
Expense ratio | 0.08% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹107 Cr |
Inception Date | 28 January, 2020 |
Min Lumpsum/SIP | ₹5000/-- |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 33.33% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low Risk |
as on (04-Dec-24)
as on (31-Dec-69)
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% |
AAA | 100 |