Overview
Bank of India Liquid Fund Direct Growth
Bank of India Mutual Fund
The fund aims to generate reasonable market related returns by investing in Money Market instruments. Also seeks to provide high liquidity to investors. The scheme would be investing more than 80% into securities having average maturity less than or equal to 6 months with low risk profile.
Investments in Bank of India Liquid 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
₹ 3000.2456
Fund Size (AUM)
₹1523.92 Cr
Risk
Low to Moderate (Risk rating: 7/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹1000
Launch Date
01-Jan-2013
Expense Ratio
0.11%
Exit Load
Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
Benchmark
CRISIL Liquid Debt A-I Index
Standard Deviation
0.3
History
Performance & Ratios
1-Year SIP Return
7.24%
3-Year SIP Return
7.2%
5-Year SIP Return
6.33%
Mean Return
6.76%
Alpha
1.81
Beta
0.64
Sharpe Ratio
1.62
Sortino Ratio
1.63
Information Ratio
12.21
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.39% | 6.91% | 5.53% | 6.1% |
| Category Average | 7.1% | 6.67% | 5.32% | N/A |
| Rank Within Category | 15 | 8 | 11 | N/A |
Holdings (30)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Punjab National Bank | Financial | CD | 6.48% |
| Reserve Bank of India | Financial | T-Bills | 6.09% |
| Axis Bank Ltd. | Financial | CD | 5.27% |
| HDFC Securities Ltd. | Financial | CP | 4.88% |
| Reserve Bank of India | Financial | T-Bills | 4.86% |
| Canara Bank | Financial | CD | 4.85% |
| Reserve Bank of India | Financial | T-Bills | 3.26% |
| Bajaj Finance Ltd. | Financial | CP | 3.25% |
| Bank Of Baroda | Financial | CD | 3.25% |
| Export-Import Bank Of India | Financial | CP | 3.25% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Aditya Birla Sun Life Liquid Fund Direct Growth | 41051.49 | 7.44 | 6.94 | 0.21 | N/A |
| Mahindra Manulife Liquid Fund Direct Growth | 1025.78 | 7.4 | 6.93 | 0.14 | N/A |
| Union Liquid Fund Direct Growth | 3206.36 | 7.41 | 6.92 | 0.07 | N/A |
| Edelweiss Liquid Direct Growth | 5243.37 | 7.43 | 6.92 | 0.09 | N/A |
| Bajaj Finserv Liquid Fund Direct Growth | 4200.75 | 7.4 | N/A | 0.11 | 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
2008-03-31T00:00:00.503Z
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
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Bank of India Liquid Fund Direct Growth
Bank of India Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Bank of India Liquid 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 Liquid Fund Direct Growth?
The top stocks held by Bank of India Liquid Fund Direct Growth include Punjab National Bank, Reserve Bank of India, Axis Bank Ltd..
Which industries does Bank of India Liquid Fund Direct Growth invest in?
Bank of India Liquid Fund Direct Growth primarily invests in the following industries: Financial, Services, Sovereign.
Who is the fund manager of Bank of India Liquid Fund Direct Growth?
The fund manager of Bank of India Liquid Fund Direct Growth is Mithraem Bharucha.
How many years has the fund manager been managing Bank of India Liquid Fund Direct Growth?
Mithraem Bharucha: Calculating...
What is the minimum investment for Bank of India Liquid Fund Direct Growth?
The minimum investment for Bank of India Liquid Fund Direct Growth is ₹5000 for lumpsum investments and ₹1000 for SIPs.
What are the average 1-year returns for Bank of India Liquid Fund Direct Growth?
Calculating...
What are the average 3-year returns for Bank of India Liquid Fund Direct Growth?
Calculating...
What is the expense ratio of Bank of India Liquid Fund Direct Growth, and how does it compare to its category?
The expense ratio of Bank of India Liquid Fund Direct Growth is 0.11%. The average expense ratio for similar funds in the Debt is Calculating....