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Bank of India Short Term Income Fund - Direct Plan download report


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.32 Lakh

Suitability:

"Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate 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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(₹)
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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 Short Term Income Direct-G 16.58 -0.21 0.06 0.52 1.21 16.46 17.74 4.36 2.56 4.70 --
CCIL T Bill Liquidity Weight 1.21 0.05 0.09 0.28 0.61 1.05 2.04 2.63 3.27 3.65 --
Debt: Short Duration 2.09 -0.13 0.11 0.62 1.32 1.97 4.45 6.34 6.18 7.10 --
Rank within category 1 29 28 23 21 1 1 23 21 21 --
Number of funds in category 26 29 29 29 29 27 25 24 21 21 0

As on 05-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 Short Term Income Fund - Direct Plan  | Invest Online
Suspended
Jan-13 17.74 4.36 2.56 0.87 46
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.19 7.34 7.32 0.37 15,543
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.26 6.94 7.19 0.29 13,533
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.18 6.59 7.04 0.34 13,158
Nippon India Short Term Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.46 6.94 6.92 0.35 6,681

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 15.18 24-Mar-2022 - 31-Mar-2022 -9.39 23-Apr-2020 - 30-Apr-2020
Month 15.53 08-Mar-2022 - 07-Apr-2022 -11.23 03-Jun-2019 - 03-Jul-2019
Quarter 15.98 06-Jan-2022 - 07-Apr-2022 -17.19 06-Jun-2019 - 05-Sep-2019
Year 19.23 31-Mar-2021 - 31-Mar-2022 -19.51 30-Apr-2019 - 29-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Bank of India Short Term Income Direct-G 4.95 11.77 0.12 0.16 -8.76 -6.37
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Short Duration 6.28 2.81 1.30 2.59 1.26 3.92
Rank within category 23 24 24 24 1 24
Number of funds in category 24 24 24 24 24 24

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 13 13 8 55
Modified Duration (yrs) 0.99 1.09 0.89 --
Average Maturity (yrs) 1.18 1.33 1.02 --
Yield to Maturity (%) 5.75 5.75 3.75 --
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 Reserve Bank of India 182-D 01/12/2022 Treasury Bills SOV 0.00 - 10.96 10.67
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 16.75 10.44
equal Reserve Bank of India 364-D 18/05/2023 Treasury Bills SOV 0.00 - 11.04 10.37
up 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 9.72 9.72
equal 8.02% Bharat Petroleum Corporation 2024 Debenture AAA 5.52 - 9.26 5.52
equal 4.58% SIDBI 18/12/2023 Debenture AAA 5.30 - 8.73 5.30
equal 8.84% Tata Power Company 21/02/2023 Debenture AA 0.00 - 5.78 4.39
equal Tata Motors Finance 27/02/2023 Debenture AA- 0.00 - 5.06 4.34
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 4.89 4.26
equal Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 4.08 3.57
new 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 7.65 3.49
equal Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 0.00 - 2.54 2.18
equal 9.27% Tata Motors 30/06/2023 Debenture AA- 0.00 - 1.91 1.77

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

*As on 30-Jun-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:


-0.21%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 21.8243

IDCW Quarterly: ₹ 10.0626

IDCW Monthly: ₹ 10.6137


Investment Strategy

The scheme seeks to generate reasonable returns by investing in debt and money market instruments. The scheme would not be investing more than 70% into securities having average maturity of more than 370 days.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Bank of India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 5.94%
Benchmark: CRISIL Short Duration Fund BII Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 46 Cr (As on 31-Jul-2022)
Expense Ratio: 0.87% (As on 30-Jun-2022)
Risk Grade: Low
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Apr-20190.0360

 25-Mar-20190.0504
 25-Feb-20190.0360
 25-Jan-20190.0360
 26-Dec-20180.0504
 26-Nov-20180.0360
 25-Oct-20180.0432
 25-Sep-20180.0495
 28-Aug-20180.0504
 25-Jul-20180.0288
 25-Jun-20180.0360
 25-May-20180.0216
 25-Apr-20180.0288
 26-Mar-20180.0289
 26-Feb-20180.0289
 25-Jan-20180.0325
 27-Dec-20170.0289
 27-Nov-20170.0217
 25-Oct-20170.0506
 26-Sep-20170.0650
 28-Aug-20170.0650
 25-Jul-20170.0650
 27-Jun-20170.0433
 25-May-20170.0506
 25-Apr-20170.0650
IDCW Quarterly25-Mar-20190.1080

 26-Dec-20180.1440
 25-Sep-20180.1080
 25-Jun-20180.1440
 26-Mar-20180.1444
 27-Dec-20170.1444
 26-Sep-20170.1444
 27-Jun-20170.1806
 27-Mar-20170.1806
 26-Dec-20160.1445
 27-Sep-20160.1445
 27-Jun-20160.1446
 28-Mar-20160.1446
 25-Jun-20130.1559
 25-Mar-20130.1630

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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