VR Logo

3 star

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


1 Lakh

Investment Grown to
₹ 1.03 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

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 Reg-G 2.30 0.09 0.12 0.44 1.26 1.83 3.48 4.26 5.60 6.49 7.28
CCIL T Bill Liquidity Weight 1.24 -0.04 0.05 0.21 0.72 0.97 1.98 2.58 3.26 3.62 4.20
Debt: Ultra Short Duration 2.26 0.08 0.11 0.42 1.21 1.78 3.56 4.57 5.13 5.82 6.96
Rank within category 13 5 5 5 10 11 15 14 6 3 3
Number of funds in category 26 26 26 26 26 26 26 21 13 13 12

As on 17-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 - Regular Plan  | Invest Online
3 star
Jul-08 3.48 4.26 5.60 0.60 130
Aditya Birla Sun Life Savings Fund  | Invest Online
4 star
Nov-01 3.93 5.41 6.32 0.51 14,762
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.56 4.90 -- 0.64 13,459
ICICI Prudential Ultra Short Term Fund  | Invest Now
4 star
May-11 3.81 5.30 6.14 0.87 13,058
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.56 4.73 5.96 0.49 12,513

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.05 24-Mar-2020 - 31-Mar-2020 -0.64 17-Mar-2020 - 24-Mar-2020
Month 1.76 30-Aug-2013 - 01-Oct-2013 -0.46 25-Feb-2020 - 26-Mar-2020
Quarter 3.44 20-Aug-2013 - 19-Nov-2013 0.36 24-Dec-2019 - 24-Mar-2020
Year 10.61 20-Aug-2013 - 20-Aug-2014 3.02 20-May-2021 - 20-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Bank of India Ultra Short Duration Reg-G 4.22 0.53 1.38 2.84 1.13 1.74
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Ultra Short Duration 4.51 0.91 1.26 3.25 1.00 1.91
Rank within category 14 6 10 13 11 13
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 0.36
Yield to Maturity (%) 5.88 5.88 3.29 6.01
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

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:


0.09%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 2,641.4252

IDCW Weekly: ₹ 1,008.8069

IDCW Daily: ₹ 1,007.4498


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: 16-Jul-2008
Return Since Launch: 7.13%
Benchmark: CRISIL Ultra Short Duration Fund BI Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 130 Cr (As on 31-Jul-2022)
Expense Ratio: 0.60% (As on 31-Jul-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Aug-20220.9017

 12-Aug-20220.1622
 11-Aug-20220.1587
 10-Aug-20220.2743
 08-Aug-20220.3556
 04-Aug-20220.1397
 03-Aug-20220.1480
 02-Aug-20220.3008
 01-Aug-20220.6444
 29-Jul-20220.1933
 28-Jul-20220.0742
 25-Jul-20220.4194
 22-Jul-20220.1529
 21-Jul-20220.0072
 20-Jul-20220.0427
 19-Jul-20220.0361
 18-Jul-20220.4525
 15-Jul-20220.1632
 14-Jul-20220.1331
 13-Jul-20220.0718
 12-Jul-20220.0940
 11-Jul-20220.3295
 08-Jul-20220.1400
 07-Jul-20220.2299
 06-Jul-20220.2122
IDCW Weekly08-Aug-20220.9448

 01-Aug-20220.9122
 25-Jul-20220.6585
 18-Jul-20220.9151
 11-Jul-20221.2180
 04-Jul-20221.3189
 27-Jun-20221.3170
 20-Jun-20220.3604
 13-Jun-20220.9016
 06-Jun-20220.6894
 02-May-20220.6607
 25-Apr-20221.0714
 18-Apr-20220.6447
 04-Apr-20221.0696
 28-Mar-20220.8730
 21-Mar-20221.0613
 14-Mar-20220.8560
 07-Mar-20220.4253
 28-Feb-20220.4871
 21-Feb-20220.7145
 14-Feb-20220.9576
 08-Feb-20220.5121
 31-Jan-20220.5786
 24-Jan-20220.2943
 17-Jan-20220.8158

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

Upcoming Video

Investors' Hangout

Most-asked mutual fund queries answered

DateFri, 19-Aug-2022
Time12:30 PM - 12:40 PM

attending You have reserved a spot