Bank of India Ultra Short Duration Fund Direct Growth

Bank of India Ultra Short Duration Fund Direct Growth

NAV as on 21-04-2025

₹ 3230.21

0.1%

1D

Inception Returns

7.4%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
5 people have invested ₹ 79.2K in Bank of India Ultra Short Duration Fund Direct Growth in the last three months

About Bank of India Ultra Short Duration Fund Direct Growth

Bank of India Ultra Short Duration 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 Ultra Short Duration Fund Direct Growth has ₹204 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Bank of India Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.50%, 6.61% and 5.53% respectively.

Holdings

Bank of India Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Icici Securities Limited (Earlier Icici Brokerage Services Limited), Bharti Telecom Limited, Bank Of Baroda**, HDFC Bank Limited, Small Industries Development Bank Of India

Taxation

As it is a ultra 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 Ultra Short Duration Fund Direct Growth

The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns.

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 Ultra Short Duration Fund Direct Growth has no lock in period.

Bank of India Ultra Short Duration Fund Direct Growth Overview

Expense ratio0.34%
Benchmark
CRISIL Ultra Short Duration Fund TR INR
AUM₹204 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
303.87%
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
Low to Moderate Risk

Trailing Returns

as on (21-Apr-25)

Period
Bank of India Ultra Short Duration Fund Direct Growth
Ultra Short Duration Index
1M
0.9%
0.7%
3M
2.1%
1.8%
6M
3.8%
3.3%
1Y
7.5%
6.8%
3Y
6.6%
6.4%
5Y
5.5%
5.5%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
93.3%

AA
6.7%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Corporate
42.8%
Cash Equivalent
36.8%
Government
20.4%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 154.6 Cr
₹ 157.4 Cr
₹ 197.1 Cr
  • AUM of the fund stands at 154.6 Cr as of Mar'25
  • AUM decreased by 2.8 Cr between Mar'25 and Feb'25
Top Stocks bought last month
National Bank For Agriculture And Rural Development's allocation increased from 5.26% to 5.94%
National Bank For Agriculture And Rural Development's allocation increased from 5.26% to 5.94%
Small Industries Development Bank of India's allocation increased from 5.26% to 5.62%
Small Industries Development Bank of India's allocation increased from 5.26% to 5.62%
Cash allocation has gone down from 79.5% to 79%
Cash allocation has gone down from 79.5% to 79%
Debt allocation has gone up from 20.2% to 20.7%
Debt allocation has gone up from 20.2% to 20.7%

Top 2 Sectors in March were Corporate, Government

Mar'25
Corporate
43%
Government
20%
Feb'25
Corporate
43%
Government
20%
  • Debt & Cash

Holdings
Weight%
1M Change
Icici Securities Limited (Earlier Icici Brokerage Services Limited)
Icici Securities Limited (Earlier Icici Brokerage Services Limited)
10.2%
0%
Bharti Telecom Limited
Bharti Telecom Limited
8.68%
0%
Bank Of Baroda**
Bank Of Baroda**
8.63%
100%
HDFC Bank Limited
HDFC Bank Limited
7.62%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
7.62%
0%
  • Returns %

  • Fund Ratios

  • Overview

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Fund House
Bank of India Investment Managers Private Limited
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
Over the last 6 months, this fund has experienced a 22.5% growth in AUM moving from 166.12 Cr to 203.56 Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.56%.
Insights icon
In the last 5 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.28% return, outperforming this fund by 1.74% per annum.
Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.39% return, outperforming this fund by 0.78% per annum.
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In the last 1 year, Aditya Birla Sun Life Savings Fund Direct Plan Growth has given 8.17% return, outperforming this fund by 0.68%.

Bank of India Ultra Short Duration Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.36% since inception which is less than its category average return of 7.85%
AUM size ₹204 Cr

AUM size ₹204 Cr

This fund has AUM of ₹204 Cr which is less than its category average of ₹ 3837 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.62%

Frequently Asked Questions for Bank of India Ultra Short Duration Fund Direct Growth

The current NAV of Bank of India Ultra Short Duration Fund Direct Growth is ₹3230.21 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
Bank of India Ultra Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.92%
0.92%
6 Month Returns
3.84%
3.84%
1 Year Returns
7.5%
7.5%
3 Years Returns
21.18%
6.61%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.34% as on March 2025
₹204 Cr as on March 2025
Icici Securities Limited (Earlier Icici Brokerage Services Limited)(10.2%), Bharti Telecom Limited(8.68%), Bank Of Baroda**(8.63%), HDFC Bank Limited(7.62%), Small Industries Development Bank Of India(7.62%) as on March 2025
Corporate(42.78%), Cash Equivalent(36.84%), Government(20.39%) as on March 2025
Yield to Maturity is 7.19 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 0.47 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
93.34
AA
6.66
The Exit load of Bank of India Ultra Short Duration Fund Direct Growth is 0%