Overview
Bank of India Overnight Fund Direct Growth
Bank of India Mutual Fund
The scheme seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.
Investments in Bank of India Overnight Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 1300.0381
Fund Size (AUM)
₹41.29 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹None
Launch Date
28-Jan-2020
Expense Ratio
0.09%
Exit Load
Nil
Benchmark
CRISIL Liquid Overnight Index
Standard Deviation
0.23
History
Performance & Ratios
1-Year SIP Return
6.7%
3-Year SIP Return
6.69%
5-Year SIP Return
5.96%
Mean Return
-
Alpha
0.98
Beta
0.45
Sharpe Ratio
0.2
Sortino Ratio
0.21
Information Ratio
8.1
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 6.69% | 6.42% | 5.17% | 3.44% |
| Category Average | 6.48% | 6.24% | 4.97% | N/A |
| Rank Within Category | 2 | 1 | 1 | N/A |
Holdings (1)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 9.67% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Axis Overnight Fund Direct Growth | 6348.03 | 6.65 | 6.38 | 0.05 | N/A |
| Nippon India Overnight Fund Direct Growth | 4738.29 | 6.64 | 6.36 | 0.08 | N/A |
| Aditya Birla Sun Life Overnight Fund Direct Growth | 5253.21 | 6.61 | 6.35 | 0.08 | N/A |
| DSP Overnight Fund Direct Growth | 1366.7 | 6.6 | 6.35 | 0.08 | N/A |
| Quant Overnight Fund Direct Growth | 139.18 | 6.68 | N/A | 0.16 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
SIP Not Available for investment
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 7, 10, 15, 20, 25
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 7, 10, 15, 20, 25
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Bank of India Mutual Fund
Bank of India Mutual fund started their mutual fund on 31/03/2008 and its managing total assets of Rs. 4,325 Cr. Its ranked at 29 as per total assets at end of 30th Sep 2017. Bank of India Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Bank of India Mutual fund is basically a joint venture between Bank of India and AXA Investment Managers, which is one of the key players in the financial protection industry. Both these companies are trusted brands and have a global presence. Bank of India has 5000 branches across the country and is spread over 22 countries and 5 continents.
AXA is located in 21 countries and has an asset under management of EUR 746 Billion. Bank of India holds 51% stake, while AXA Investment Manager holds 49%.
BOI AXA Mutual Funds provide different schemes under various categories of mutual funds, like equity, debt and hybrid. An investor can choose the respective scheme as per his/her risk appetite and investment duration. The AMC always aims to keep investor's objective as its focal point.
Launch Date
2008-03-31T00:00:00.976Z
Total AUM
₹ 11430.13 Cr
Address
B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Phone
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
Compare with Another Fund
Bank of India Overnight Fund Direct Growth
Bank of India Mutual Fund
You May Be Interested In
Quant Overnight Fund Direct Growth
Overnight
ICICI Prudential Debt Management Fund (FOF) Direct Plan Growth
Medium to Long Duration
Aditya Birla Sun Life Low Duration Fund Direct Growth
Low Duration
Quant Gilt Fund Direct Growth
Gilt
Bajaj Finserv Liquid Fund Direct Growth
Liquid
Aditya Birla Sun Life Money Manager Fund Direct Growth
Money Market
Sundaram Low Duration Fund Direct Growth
Low Duration
Aditya Birla Sun Life Floating Rate Direct Fund Growth
Floater
Sundaram Ultra Short Duration Fund Direct Growth
Ultra Short Duration
ITI Banking and PSU Debt Fund Direct Growth
Banking and PSU
Explore More Mutual Funds
Equity Mutual Funds - Top Equity Fund Picks
Explore top equity mutual funds to diversify your portfolio. Filter by NAV, fund size, and more to find the best equity funds.
Hybrid Mutual Funds - Top Hybrid Funds
Find top hybrid mutual funds for balanced growth. Filter by NAV, fund size, and risk to choose the best hybrid funds.
Commodities Mutual Funds
Explore commodities mutual funds for diversification. Filter by NAV and fund size to find the best commodity funds.
ELSS Mutual Funds - Top Tax-Saving Funds
Discover top ELSS mutual funds for tax savings and growth. Filter by NAV, fund size, and AMC to find the best ELSS funds.
Large Cap Equity Funds
Find top large cap equity funds. Filter by AMC, NAV, and fund size to choose the best funds.
Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Bank of India Overnight Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Bank of India Overnight Fund Direct Growth?
The top stocks held by Bank of India Overnight Fund Direct Growth include Reserve Bank of India.
Which industries does Bank of India Overnight Fund Direct Growth invest in?
Bank of India Overnight Fund Direct Growth primarily invests in the following industries: Financial.
Who is the fund manager of Bank of India Overnight Fund Direct Growth?
The fund manager of Bank of India Overnight Fund Direct Growth is Mithraem Bharucha.
How many years has the fund manager been managing Bank of India Overnight Fund Direct Growth?
Mithraem Bharucha: Calculating...
What is the minimum investment for Bank of India Overnight Fund Direct Growth?
The minimum investment for Bank of India Overnight Fund Direct Growth is ₹5000 for lumpsum investments and ₹None for SIPs.
What are the average 1-year returns for Bank of India Overnight Fund Direct Growth?
Calculating...
What are the average 3-year returns for Bank of India Overnight Fund Direct Growth?
Calculating...
What is the expense ratio of Bank of India Overnight Fund Direct Growth, and how does it compare to its category?
The expense ratio of Bank of India Overnight Fund Direct Growth is 0.09%. The average expense ratio for similar funds in the Debt is Calculating....