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Bank of India Liquid Fund - Direct Plan download report

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Debt: Liquid

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Bank of India Liquid Direct-G 2.53 0.02 0.10 0.41 1.22 2.11 3.90 4.07 5.33 5.94 --
CCIL T Bill Liquidity Weight 1.21 0.02 0.05 0.25 0.70 0.99 2.00 2.58 3.26 3.63 --
Debt: Liquid 2.48 0.02 0.10 0.41 1.20 2.07 3.82 4.06 5.31 5.90 --
Rank within category 5 3 17 21 7 5 5 22 18 15 --
Number of funds in category 37 37 37 37 37 37 37 36 32 31 1

As on 11-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Bank of India Liquid Fund - Direct Plan  | Invest Online
3 star
 Jan-13 3.90 4.07 5.33 0.15 359
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.87 4.17 5.42 0.21 32,891
Baroda BNP Paribas Liquid Fund - Direct Plan
5 star
 Jan-13 3.91 4.15 5.41 0.19 6,654
LIC MF Liquid Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.83 4.17 5.39 0.11 5,293
Mirae Asset Cash Management Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.86 4.13 5.37 0.17 4,462

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.47 24-Mar-2020 - 31-Mar-2020 -0.16 17-Mar-2020 - 24-Mar-2020
Month 0.97 08-Aug-2013 - 09-Sep-2013 0.14 23-Feb-2020 - 24-Mar-2020
Quarter 2.74 24-Jul-2013 - 23-Oct-2013 0.74 21-Oct-2020 - 20-Jan-2021
Year 9.92 26-Jul-2013 - 27-Jul-2014 3.21 09-Jul-2020 - 09-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Bank of India Liquid Direct-G 4.00 0.29 1.78 5.83 0.64 1.09
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Liquid 3.99 0.29 1.68 6.51 0.63 1.07
Rank within category 22 13 22 25 16 22
Number of funds in category 36 36 36 36 36 36

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 16 7 51
Modified Duration (yrs) 0.10 0.16 0.05 0.10
Average Maturity (yrs) 0.12 0.16 0.06 0.10
Yield to Maturity (%) 6.07 6.07 3.18 5.68
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 7.89 6.97
new 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 6.97 6.97
equal Reserve Bank of India 182-D 11/08/2022 Treasury Bills SOV 0.00 - 7.82 6.95
new HDFC-Warrant 362-D 22/08/2022 Commercial Paper A1+ 0.00 - 6.94 6.94
equal L&T Finance 78-D 30/08/2022 Commercial Paper A1+ 0.00 - 7.80 6.93
equal IIFL Finance 88-D 26/08/2022 Commercial Paper A1+ 0.00 - 7.78 6.93
equal Reserve Bank of India 91-D 08/09/2022 Treasury Bills SOV 0.00 - 7.79 6.92
new Reserve Bank of India 91-D 15/09/2022 Treasury Bills SOV 0.00 - 6.92 6.92
equal HDFC 150-D 16/09/2022 Commercial Paper A1+ 0.00 - 7.78 6.91
equal Reliance Jio Infocomm 178-D 19/09/2022 Commercial Paper A1+ 0.00 - 7.77 6.91
new State Bank of India 2022 Certificate of Deposit A1+ 0.00 - 6.89 6.89
new National Bank Agr. Rur. Devp 90-D 18/10/2022 Commercial Paper A1+ 0.00 - 6.88 6.88
new ICICI Securities 88-D 21/10/2022 Commercial Paper A1+ 0.00 - 6.87 6.87
equal IIFL Wealth Prime 90-D 30/08/2022 Commercial Paper A1+ 0.00 - 3.11 2.77

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Mithraem Bharucha since 17-Aug-2021

Education: Mr. Bharucha is a BMS and MBA

Experience: Prior to joining BOI AXA Investment Managers Private Limited, he has worked with YES Asset Management (India) Limited and BNP Paribas Asset Management India Pvt. Ltd.

Funds Managed:

Invest Online
0.02%

Change from previous, NAV as on 11-Aug-2022

Growth: ₹ 2,488.5373

IDCW Weekly: ₹ 1,062.0652

IDCW Daily: ₹ 1,002.6483

Investment Strategy

The fund aims to generate reasonable market related returns by investing in Money Market instruments. Also seeks to provide high liquidity to investors. The scheme would be investing more than 80% into securities having average maturity less than or equal to 6 months with low risk profile.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) --
Min. No of Cheques --
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: Bank of India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.80%
Benchmark: CRISIL Liquid Fund BI Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 359 Cr (As on 31-Jul-2022)
Expense Ratio: 0.15% (As on 30-Jun-2022)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Aug-20220.1739

 10-Aug-20220.1539
 09-Aug-20220.1570
 08-Aug-20220.1332
 07-Aug-20220.1518
 06-Aug-20220.1519
 05-Aug-20220.0870
 04-Aug-20220.1423
 03-Aug-20220.1434
 02-Aug-20220.2183
 01-Aug-20220.2196
 31-Jul-20220.1625
 30-Jul-20220.1621
 29-Jul-20220.1461
 28-Jul-20220.1301
 27-Jul-20220.0243
 26-Jul-20220.0034
 25-Jul-20220.1438
 24-Jul-20220.1439
 23-Jul-20220.1437
 22-Jul-20220.1123
 21-Jul-20220.0531
 20-Jul-20220.0569
 19-Jul-20220.1157
 18-Jul-20220.1243
IDCW Weekly08-Aug-20221.0886

 01-Aug-20220.8980
 25-Jul-20220.8148
 18-Jul-20220.9819
 11-Jul-20221.0371
 04-Jul-20221.2186
 27-Jun-20221.0525
 20-Jun-20220.9030
 13-Jun-20220.9412
 06-Jun-20220.9313
 30-May-20220.9539
 23-May-20220.8957
 16-May-20220.8816
 09-May-20220.3343
 02-May-20220.6539
 25-Apr-20220.7974
 18-Apr-20220.7579
 11-Apr-20220.6129
 04-Apr-20221.0810
 28-Mar-20220.7489
 21-Mar-20220.8300
 14-Mar-20220.7736
 07-Mar-20220.6667
 28-Feb-20220.6975
 21-Feb-20220.7101

Contact Information

AMC: Bank of India Investment Managers Private Limited

Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013

Email: [email protected]

Website: https://www.boimf.in/

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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