Bank of India Short Term Income Fund Direct Growth

Bank of India Short Term Income Fund Direct Growth

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Debt
Direct
Short Duration
NAV: ₹ 26.24 as on 13-06-2024

About the Fund

Bank of India Short Term Income Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by . This fund is suitable to keep your money safe.

Key Parameters

  1. Bank of India Short Term Income Fund Direct Growth has ₹79 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Bank of India Short Term Income Fund Direct Growth has given a CAGR return of 6.66% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.49%, 12.42% and 4.16% respectively.

Holdings

Bank of India Short Term Income Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.26% Govt Stock 2033, 7.38% Govt Stock 2027, National Bank for Agriculture and Rural Development 7.68%, Bank Of Baroda, HDFC Bank Limited

Taxation

As it is a short duration 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 Short Term Income Fund Direct Growth

The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Short Term Income Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
269 people have invested ₹ 49.4L in Bank of India Short Term Income Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.5%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹79 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
189.13%

Bank of India Short Term Income Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Government
48.5%
Corporate
40.5%
Cash Equivalent
11%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 76.7 Cr
₹ 82.6 Cr
₹ 82.3 Cr
  • AUM of the fund stands at 76.7 Cr as of Apr'24
  • AUM decreased by 5.9 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Bank of India Short Term Income Fund Direct Growth as on (31-May-24)

  • Debt & Cash

Debt Holdings13
Holdings
Weight%
1M Change
7.26% Govt Stock 2033
7.26% Govt Stock 2033
20.55%
0%
7.38% Govt Stock 2027
7.38% Govt Stock 2027
10.88%
0%
National Bank for Agriculture and Rural Development 7.68%
National Bank for Agriculture and Rural Development 7.68%
8.89%
0%
Bank Of Baroda
Bank Of Baroda
8.43%
100%
HDFC Bank Limited
HDFC Bank Limited
8.41%
100%

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (short duration). Its expense ratio is 0.5% which is lower than the category average expense ratio of 0.71%.
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In the last 5 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 8.31% return, outperforming this fund by 4.14% per annum.
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In the last 1 year, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.93% return, outperforming this fund by 1.44%.
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In the last 3 years, this fund has outperformed all funds in its category.
Insights icon
Over the last 3 months, this fund has experienced a 4.2% drop in AUM moving from 82.25 Cr to 78.8 Cr.

Bank of India Short Term Income Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 6.66% since inception which is more than its category average return of 5.63%
AUM size ₹79 Cr

AUM size ₹79 Cr

This fund has AUM of ₹79 Cr which is less than its category average of ₹ 3603 Cr
Expense Ratio 0.5%

Expense Ratio 0.5%

This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 0.68%

Frequently Asked Questions

The current NAV of Bank of India Short Term Income Fund Direct Growth is ₹26.24 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Bank of India Short Term Income Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.75%
0.75%
6 Month Returns
3.95%
3.95%
1 Year Returns
6.49%
6.49%
3 Years Returns
42.06%
12.42%
5 Years Returns
22.63%
4.16%
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.
0.5% as on May 2024
₹79 Cr as on May 2024
7.26% Govt Stock 2033(20.55%), 7.38% Govt Stock 2027(10.88%), National Bank for Agriculture and Rural Development 7.68%(8.89%), Bank Of Baroda(8.43%), HDFC Bank Limited(8.41%) as on May 2024
Government(48.82%), Corporate(40.8%), Cash Equivalent(10.38%) as on May 2024
Yield to Maturity is 7.11 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 2.6 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 Short Term Income Fund Direct Growth is 0%