2601.9787
2695.2768
1
1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
"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
Dividends
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| 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 | 2.27 | 0.02 | 0.08 | 0.40 | 1.22 | 1.86 | 3.60 | 4.47 | 5.81 | 6.71 | -- |
| 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: Ultra Short Duration | 2.46 | 0.02 | 0.09 | 0.41 | 1.28 | 2.00 | 4.03 | 5.07 | 5.62 | 6.31 | -- |
| Rank within category | 24 | 18 | 24 | 21 | 22 | 25 | 24 | 18 | 8 | 4 | -- |
| Number of funds in category | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 21 | 13 | 13 | 0 |
As on 11-Aug-2022
| 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 | |
Jan-13 | 3.60 | 4.47 | 5.81 | 0.45 | 130 |
| Aditya Birla Sun Life Savings Fund - Direct Plan | Invest Online |  |
Jan-13 | 4.08 | 5.55 | 6.46 | 0.34 | 14,762 |
| HDFC Ultra Short Term Fund - Direct Plan | Invest Online | |
Sep-18 | 3.86 | 5.21 | -- | 0.34 | 13,459 |
| ICICI Prudential Ultra Short Term Fund - Direct Plan | Invest Now |  |
Jan-13 | 4.32 | 5.89 | 6.75 | 0.39 | 13,058 |
| Kotak Savings Fund - Direct Plan | Invest Online | |
Jan-13 | 3.95 | 5.09 | 6.17 | 0.36 | 11,487 |
| 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 |
| 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
| 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 | 0.36 |
| Yield to Maturity (%) | 5.88 | 5.88 | 3.29 | 5.97 |
| Avg Credit Rating | AAA | -- | -- | -- |
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| Company | Instrument | Credit Rating | 1Y Range | % Assets | |
|---|---|---|---|---|---|
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7.60% LIC Housing Fin. 22/11/2022 | Debenture | AAA | 0.00 - 16.05 | 15.39 |
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7.17% Reliance Industries 2022 | Non Convertible Debenture | AAA | 0.00 - 16.03 | 15.37 |
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IIFL Wealth Prime 90-D 30/08/2022 | Commercial Paper | A1+ | 0.00 - 11.86 | 11.44 |
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Reserve Bank of India 182-D 12/10/2022 | Treasury Bills | SOV | 0.00 - 11.80 | 11.38 |
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Axis Bank 2022 | Certificate of Deposit | A1+ | 0.00 - 11.67 | 11.26 |
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7.24% REC 31/12/2022 | Non Convertible Debenture | AAA | 0.00 - 9.54 | 9.54 |
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Reserve Bank of India 182-D 26/01/2023 | Treasury Bills | SOV | 0.00 - 7.82 | 7.82 |
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Reserve Bank of India 364-D 19/01/2023 | Treasury Bills | SOV | 0.00 - 5.97 | 5.97 |
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Reserve Bank of India 182-D 01/12/2022 | Treasury Bills | SOV | 0.00 - 3.90 | 3.76 |
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8.84% Tata Power Company 21/02/2023 | Debenture | AA | 0.00 - 0.97 | 0.93 |
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Tata Motors Finance 27/02/2023 | Debenture | AA- | 0.00 - 0.80 | 0.76 |
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Reserve Bank of India 182-D 15/09/2022 | Treasury Bills | SOV | 0.00 - 0.79 | 0.76 |
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Reserve Bank of India 364-D 29/06/2023 | Treasury Bills | SOV | 0.00 - 0.73 | 0.73 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jul-2022
— 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:
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.
| 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 |
| 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 |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| IDCW Daily | 11-Aug-2022 | 0.1650 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| IDCW Weekly | 08-Aug-2022 | 0.9825 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fund News - 01-Jul-2021
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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