Bank of India Short Term Income Fund Direct Growth

Bank of India Short Term Income Fund Direct Growth

Debt

Short Duration

NAV as on 21-04-2025

₹ 28.77

▲0.2%

1D

Inception Returns

7%

/yr

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
716 people have invested ₹ 2.3Cr in Bank of India Short Term Income Fund Direct Growth in the last three months

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

  1. Bank of India Short Term Income Fund Direct Growth has ₹120 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Bank of India Short Term Income Fund Direct Growth has given a CAGR return of 6.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.14%, 9.90% and 8.75% respectively.

Holdings

Bank of India Short Term Income Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 6.79% Govt Stock 2034, ICICI Bank Limited, Kotak Mahindra Prime Ltd., HDFC Bank Limited, Power Finance Corp Ltd. 7.6%

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
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.

Bank of India Short Term Income Fund Direct Growth Overview

Expense ratio0.45%
Benchmark
CRISIL Short Term Bond TR INR
AUM₹120 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
130.47%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (21-Apr-25)

Period
Bank of India Short Term Income Fund Direct Growth
Short Duration Index
1M
1.5%
1.4%
3M
2.9%
2.5%
6M
6.5%
4.2%
1Y
11.1%
8.8%
3Y
9.9%
6.8%
5Y
8.8%
6.5%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%
Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Corporate
42.7%
Government
31.6%
Cash Equivalent
25.7%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 114.1 Cr
₹ 109.1 Cr
₹ 99.4 Cr
  • AUM of the fund stands at 114.1 Cr as of Mar'25
  • AUM increased by 5 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Small Industries Development Bank Of India's allocation increased from 6.13% to 7.1%
Small Industries Development Bank Of India's allocation increased from 6.13% to 7.1%
Top Stocks sold last month
National Bank For Agriculture And Rural Development's allocation decreased from 7.77 % to 2.35 %
National Bank For Agriculture And Rural Development's allocation decreased from 7.77 % to 2.35 %
Debt allocation has gone up from 39.1% to 50.1%
Debt allocation has gone up from 39.1% to 50.1%
Cash allocation has gone down from 60.6% to 49.7%
Cash allocation has gone down from 60.6% to 49.7%

Top 2 Sectors in March were Corporate, Government

Mar'25
Corporate
43%
Government
32%
Feb'25
Corporate
41%
Government
24%

  • Debt & Cash

Holdings
Weight%
1M Change
6.79% Govt Stock 2034
6.79% Govt Stock 2034
17.38%
0%
ICICI Bank Limited
ICICI Bank Limited
8.2%
0%
Kotak Mahindra Prime Ltd.
Kotak Mahindra Prime Ltd.
7.78%
0%
HDFC Bank Limited
HDFC Bank Limited
5.9%
0%
Power Finance Corp Ltd. 7.6%
Power Finance Corp Ltd. 7.6%
5.08%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Bank of India Short Term Income Fund Direct Growth
Bank of India Short Term Income Fund Direct Growth
11.14%
9.9%
8.75%
6.98%
Bandhan Bond Fund - Short Term Plan Direct Plan Growth
Bandhan Bond Fund - Short Term Plan Direct Plan Growth
10.18%
7.43%
6.77%
7.97%
Kotak Bond Short Term Plan Direct Growth
Kotak Bond Short Term Plan Direct Growth
10.15%
7.63%
7.04%
8.16%
Mahindra Manulife Short Duration Fund Direct Growth
Mahindra Manulife Short Duration Fund Direct Growth
10.13%
7.64%
-
6.79%
See all
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Fund House
Bank of India Investment Managers Private Limited
Total Schemes
20
See all BOI AXA schemes
Total AUM
₹10.84K Cr
as on 31-Mar-2025
Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Phone
+912240479000
Website
service@boimf.in

Mutual Fund Insights

Insights icon
In the last 1 year, this fund has outperformed all funds in its category.
Insights icon
This fund expense ratio is slightly on the lower side within the category (short duration). Its expense ratio is 0.45% which is lower than the category average expense ratio of 0.71%.
Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
Over the last 3 months, this fund has experienced a 41.9% growth in AUM moving from 84.91 Cr to 120.49 Cr.
Insights icon
In the last 3 years, this fund has outperformed all funds in its category.

Bank of India Short Term Income Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.98% since inception which is more than its category average return of 5.97%
AUM size ₹120 Cr

AUM size ₹120 Cr

This fund has AUM of ₹120 Cr which is less than its category average of ₹ 5226 Cr
Expense Ratio 0.45%

Expense Ratio 0.45%

This fund has an expense ratio of 0.45% which is less than its category average expense ratio of 0.68%

More funds from BOI AXA

Frequently Asked Questions for Bank of India Short Term Income Fund Direct Growth

The current NAV of Bank of India Short Term Income Fund Direct Growth is ₹28.77 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
Bank of India Short Term Income Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.54%
1.54%
6 Month Returns
6.51%
6.51%
1 Year Returns
11.14%
11.14%
3 Years Returns
32.74%
9.9%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.45% as on March 2025
₹120 Cr as on March 2025
6.79% Govt Stock 2034(17.38%), ICICI Bank Limited(8.2%), Kotak Mahindra Prime Ltd.(7.78%), HDFC Bank Limited(5.9%), Power Finance Corp Ltd. 7.6%(5.08%) as on March 2025
Corporate(36.33%), Government(32.21%), Cash Equivalent(31.46%) as on March 2025
Yield to Maturity is 6.9 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.51 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
The Exit load of Bank of India Short Term Income Fund Direct Growth is 0%