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Bank of India Ultra Short Duration Fund - Direct Plan download report

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Debt: Ultra Short Duration

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.

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 the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.

The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but 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 Ultra Short Duration Direct-G 2.28 0.02 0.10 0.40 1.23 1.87 3.60 4.47 5.81 6.71 --
CCIL T Bill Liquidity Weight 1.28 0.06 0.07 0.30 0.76 1.05 2.05 2.60 3.27 3.64 --
Debt: Ultra Short Duration 2.47 0.01 0.11 0.42 1.29 2.02 4.03 5.07 5.62 6.30 --
Rank within category 24 5 23 21 22 24 23 18 8 4 --
Number of funds in category 26 26 26 26 26 26 26 21 13 13 0

As on 12-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 Ultra Short Duration Fund - Direct Plan  | Invest Online
2 star
 Jan-13 3.60 4.47 5.81 0.45 130
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.07 5.55 6.46 0.34 14,762
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
 Sep-18 3.86 5.21 -- 0.34 13,459
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
 Jan-13 4.31 5.89 6.75 0.39 13,058
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.95 5.09 6.17 0.36 11,487

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.06 24-Mar-2020 - 31-Mar-2020 -0.63 17-Mar-2020 - 24-Mar-2020
Month 1.80 30-Aug-2013 - 01-Oct-2013 -0.44 25-Feb-2020 - 26-Mar-2020
Quarter 3.56 20-Aug-2013 - 19-Nov-2013 0.42 24-Dec-2019 - 24-Mar-2020
Year 10.99 20-Aug-2013 - 20-Aug-2014 3.19 20-May-2021 - 20-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Bank of India Ultra Short Duration Direct-G 4.43 0.53 1.75 3.59 1.14 1.96
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Ultra Short Duration 4.99 0.90 2.01 5.07 0.97 2.37
Rank within category 18 6 14 19 13 17
Number of funds in category 21 21 21 21 21 21

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 23 10 40
Modified Duration (yrs) 0.28 0.45 0.23 0.33
Average Maturity (yrs) 0.30 0.48 0.24 0.35
Yield to Maturity (%) 5.88 5.88 3.29 5.98
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 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 0.00 - 16.05 15.39
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 16.03 15.37
equal IIFL Wealth Prime 90-D 30/08/2022 Commercial Paper A1+ 0.00 - 11.86 11.44
equal Reserve Bank of India 182-D 12/10/2022 Treasury Bills SOV 0.00 - 11.80 11.38
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 11.67 11.26
new 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 9.54 9.54
new Reserve Bank of India 182-D 26/01/2023 Treasury Bills SOV 0.00 - 7.82 7.82
new Reserve Bank of India 364-D 19/01/2023 Treasury Bills SOV 0.00 - 5.97 5.97
equal Reserve Bank of India 182-D 01/12/2022 Treasury Bills SOV 0.00 - 3.90 3.76
equal 8.84% Tata Power Company 21/02/2023 Debenture AA 0.00 - 0.97 0.93
equal Tata Motors Finance 27/02/2023 Debenture AA- 0.00 - 0.80 0.76
equal Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 0.79 0.76
new Reserve Bank of India 364-D 29/06/2023 Treasury Bills SOV 0.00 - 0.73 0.73

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 12-Aug-2022

Growth: ₹ 2,695.7258

IDCW Weekly: ₹ 1,007.3683

More

IDCW Daily: ₹ 1,011.9280

Bonus: ₹ 2,682.6202

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 50% into instruments having maturity less than or equal to 1 year and rest having maturity more than 1 year with low /medium risk appetite.

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: 7.46%
Benchmark: CRISIL Ultra Short Duration Fund BI Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 130 Cr (As on 31-Jul-2022)
Expense Ratio: 0.45% (As on 30-Jun-2022)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily12-Aug-20220.1685

 11-Aug-20220.1650
 10-Aug-20220.2867
 08-Aug-20220.3794
 04-Aug-20220.1459
 03-Aug-20220.1543
 02-Aug-20220.3077
 01-Aug-20220.6589
 29-Jul-20220.1981
 28-Jul-20220.0861
 25-Jul-20220.4329
 22-Jul-20220.1574
 21-Jul-20220.0111
 20-Jul-20220.0467
 19-Jul-20220.0402
 18-Jul-20220.4663
 15-Jul-20220.1678
 14-Jul-20220.1376
 13-Jul-20220.0760
 12-Jul-20220.0983
 11-Jul-20220.3427
 08-Jul-20220.1446
 07-Jul-20220.2348
 06-Jul-20220.2171
 05-Jul-20220.3105
IDCW Weekly08-Aug-20220.9825

 01-Aug-20220.9382
 25-Jul-20220.6848
 18-Jul-20220.9423
 11-Jul-20221.2452
 04-Jul-20221.3457
 27-Jun-20221.3435
 20-Jun-20220.3876
 13-Jun-20220.9287
 06-Jun-20220.8270
 02-May-20220.6879
 25-Apr-20221.0932
 18-Apr-20220.6641
 04-Apr-20221.0785
 28-Mar-20220.8823
 21-Mar-20221.0707
 14-Mar-20220.8653
 07-Mar-20220.4343
 28-Feb-20220.4961
 21-Feb-20220.7459
 14-Feb-20220.9842
 08-Feb-20220.5479
 31-Jan-20220.6099
 24-Jan-20220.3258
 17-Jan-20220.8468

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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