Debt
Direct
Short Duration
NAV as on 06-09-2024
₹ 26.74
Inception Returns
6.7%
/yr
Bank of India Short Term Income Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by . This fund is suitable to keep your money safe.
Bank of India Short Term Income Fund Direct Growth has given a CAGR return of 6.70% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.50%, 12.86% and 8.59% respectively.
Bank of India Short Term Income Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.26% Govt Stock 2033, National Bank for Agriculture and Rural Development 7.68%, HDFC Bank Limited, Power Finance Corp Ltd. 7.6%, Small Industries Development Bank of India 7.75%
As it is a short duration mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Short Term Income Fund Direct Growth has no lock in period.
Expense ratio | 0.5% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹76 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 130.47% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Government, Corporate
Bank of India Short Term Income Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.59% | 0.59% |
6 Month Returns | 3.79% | 3.79% |
1 Year Returns | 7.5% | 7.5% |
3 Years Returns | 43.75% | 12.86% |
5 Years Returns | 50.96% | 8.59% |
AAA | 100 |