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5 star

Bank of India Overnight Fund - Direct Plan download report


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

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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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 Overnight Fund Direct-G 2.40 0.01 0.09 0.41 1.15 2.03 3.78 -- -- -- --
CCIL T Bill Liquidity Weight 1.21 0.05 0.09 0.28 0.61 1.05 2.04 -- -- -- --
Debt: Overnight 2.32 0.01 0.09 0.41 1.13 1.97 3.65 -- -- -- --
Rank within category 1 5 2 3 1 1 1 -- -- -- --
Number of funds in category 29 31 30 30 30 30 29 22 3 3 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 Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-20 3.78 -- -- 0.11 42
Aditya Birla Sun Life Overnight Fund - Direct Plan  | Invest Online
4 star
Nov-18 3.67 3.67 -- 0.08 15,421
Axis Overnight Fund - Direct Plan
4 star
Mar-19 3.69 3.68 -- 0.04 10,814
HSBC Overnight Fund - Direct Plan  | Invest Online
5 star
May-19 3.71 3.71 -- 0.11 735
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.70 -- -- 0.11 712

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.10 21-Jul-2022 - 28-Jul-2022 0.04 30-Mar-2020 - 06-Apr-2020
Month 0.41 04-Feb-2020 - 05-Mar-2020 0.24 05-Nov-2020 - 05-Dec-2020
Quarter 1.14 08-May-2022 - 07-Aug-2022 0.76 15-Oct-2020 - 14-Jan-2021
Year 3.80 07-Aug-2021 - 07-Aug-2022 3.18 22-May-2020 - 22-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Bank of India Overnight Fund Direct-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.60 0.34 -2.61 -4.87 -- --
Debt: Overnight* 3.61 0.23 0.52 1.98 0.26 0.35
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 2
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 4.70 4.70 3.07 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

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:


--

Change from previous, NAV as on 07-Aug-2022

Growth: ₹ 1,092.6883

IDCW Weekly: ₹ 1,000.7911

IDCW Monthly: ₹ 1,001.6155


Investment Strategy

The scheme seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.

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 0

Basic Details

Fund House: Bank of India Mutual Fund
Launch Date: 28-Jan-2020
Return Since Launch: 3.57%
Benchmark: CRISIL Overnight Fund AI Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 42 Cr (As on 31-Jul-2022)
Expense Ratio: 0.11% (As on 30-Jun-2022)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly01-Aug-20220.9685

 25-Jul-20220.9576
 18-Jul-20220.9187
 11-Jul-20220.8973
 04-Jul-20220.9490
 27-Jun-20220.8987
 20-Jun-20220.8851
 13-Jun-20220.8528
 06-Jun-20220.7784
 30-May-20220.7892
 23-May-20220.7898
 16-May-20220.7865
 09-May-20220.7657
 02-May-20220.7356
 25-Apr-20220.7002
 18-Apr-20220.6958
 11-Apr-20220.6849
 04-Apr-20220.6958
 28-Mar-20220.6578
 21-Mar-20220.7174
 14-Mar-20220.6676
 07-Mar-20220.6455
 28-Feb-20220.6430
 21-Feb-20220.6453
 14-Feb-20220.5603
IDCW Monthly26-Jul-20223.8613

 27-Jun-20223.7510
 27-May-20223.4097
 26-Apr-20222.8876
 28-Mar-20222.7017
 28-Feb-20223.0200
 27-Jan-20223.1681
 27-Dec-20212.9749
 26-Nov-20212.9540
 26-Oct-20212.6089
 27-Sep-20212.7994
 26-Aug-20212.5735
 26-Jul-20212.4538
 28-Jun-20212.9065
 27-May-20213.2235
 26-Apr-20214.2573
 03-Mar-20212.3960
 02-Feb-20212.8385
 30-Dec-20202.8142
 27-Nov-20202.3713
 29-Oct-20202.7176
 28-Sep-20202.9134
 26-Aug-20202.4722
 29-Jul-20202.9763
 25-Jun-20202.5961
IDCW Daily07-Jun-20210.0893

 06-Jun-20210.0873
 05-Jun-20210.0873
 04-Jun-20210.0873
 03-Jun-20210.0882
 02-Jun-20210.0887
 01-Jun-20210.0900
 31-May-20210.0900
 30-May-20210.0884
 29-May-20210.0883
 28-May-20210.0883
 27-May-20210.0911
 26-May-20210.0914
 25-May-20210.0914
 24-May-20210.0885
 23-May-20210.0911
 22-May-20210.0910
 21-May-20210.0911
 20-May-20210.0909
 19-May-20210.0907
 18-May-20210.0901
 17-May-20210.0910
 16-May-20210.0909
 15-May-20210.0910
 14-May-20210.0909

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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