Bank of India Overnight Fund Direct Monthly Payout of Income Dist cum Cap Wdrl

Debt
Direct
Overnight
Bank of India Overnight Fund Direct Monthly Payout of Income Dist cum Cap Wdrl

About the Fund

Bank of India Overnight Fund Direct Monthly Payout of Income Dist cum Cap Wdrl 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 Monthly Payout of Income Dist cum Cap Wdrl 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 Monthly Payout of Income Dist cum Cap Wdrl has given a CAGR return of 0.81% since inception.

Holdings

Bank of India Overnight Fund Direct Monthly Payout of Income Dist cum Cap Wdrl 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 Monthly Payout of Income Dist cum Cap Wdrl

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 Monthly Payout of Income Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund 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%

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69

Bank of India Overnight Fund Direct Monthly Payout of Income Dist cum Cap Wdrl 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 0.81% since inception which is less 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 ₹ 2648 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 Monthly Payout of Income Dist cum Cap Wdrl is ₹1003.22 as on 15-Jun-2024.
Existing (Absolute + CAGR) as on 15-Jun-2024.
Bank of India Overnight Fund Direct Monthly Payout of Income Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.23%
0.23%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
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 Monthly Payout of Income Dist cum Cap Wdrl is 0%