Bank of India Short Term Income Fund Direct Growth
Debt
Direct
Short Duration
NAV as on 22-11-2024
₹ 27.64
Inception Returns
6.9%
/yr
About Bank of India Short Term Income Fund Direct Growth
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.
Key Parameters
- Bank of India Short Term Income Fund Direct Growth has ₹77 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Bank of India Short Term Income Fund Direct Growth has given a CAGR return of 6.87% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.88%, 13.96% and 8.87% respectively.
Holdings
Bank of India Short Term Income Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are National Bank for Agriculture and Rural Development 7.68%, Power Finance Corp Ltd. 7.6%, Small Industries Development Bank Of India, Bajaj Finance Ltd. 8.1167%, 6.79% Govt Stock 2034
Taxation
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.
Investment objective of Bank of India Short Term Income Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Bank of India Short Term Income Fund Direct Growth Overview
| Expense ratio | 0.45% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹77 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 slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 71.7 Cr as of Oct'24
- AUM increased by 1 Cr between Oct'24 and Sep'24
Top 2 Sectors in October were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Bank for Agriculture and Rural Development 7.68% | 9.85% | 0% | |
Power Finance Corp Ltd. 7.6% | 8.45% | 0% | |
Small Industries Development Bank Of India | 8.42% | 0% | |
Bajaj Finance Ltd. 8.1167% | 7.02% | 0% | |
6.79% Govt Stock 2034 | 5.57% | 0% |
Mutual Fund Insights
Bank of India Short Term Income Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹77 Cr
Expense Ratio 0.45%
Frequently Asked Questions for Bank of India Short Term Income Fund Direct Growth
Bank of India Short Term Income Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.34% | 2.34% |
6 Month Returns | 5.77% | 5.77% |
1 Year Returns | 9.88% | 9.88% |
3 Years Returns | 47.99% | 13.96% |
5 Years Returns | 52.92% | 8.87% |
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- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |