Overview
Bank of India Ultra Short Duration 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 50% into instruments having maturity less than or equal to 1 year and rest having maturity more than 1 year with low /medium risk appetite.
Investments in Bank of India Ultra Short Duration 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
₹ 3230.2124
Fund Size (AUM)
₹154.61 Cr
Risk
Low to Moderate (Risk rating: 7/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹1000
Launch Date
01-Jan-2013
Expense Ratio
0.38%
Exit Load
Nil
Benchmark
CRISIL Ultra Short Duration Debt A-I Index
Standard Deviation
0.43
History
Performance & Ratios
1-Year SIP Return
7.06%
3-Year SIP Return
6.86%
5-Year SIP Return
6.06%
Mean Return
7.44%
Alpha
2.09
Beta
0.94
Sharpe Ratio
0.3
Sortino Ratio
0.28
Information Ratio
9.86
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.45% | 6.61% | 5.53% | 8.16% |
| Category Average | 7.22% | 6.46% | 5.5% | N/A |
| Rank Within Category | 23 | 23 | 21 | N/A |
Holdings (16)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| ICICI Securities Ltd. | Financial | CP | 10.2% |
| Bharti Telecom Ltd. | Communication | CP | 8.68% |
| Bank Of Baroda | Financial | CD | 8.63% |
| HDFC Bank Ltd. | Financial | CD | 7.62% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 7.62% |
| Godrej Industries Ltd. | Consumer Staples | NCD | 6.53% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 6.46% |
| Power Finance Corporation Ltd. | Financial | Debenture | 6.45% |
| Axis Bank Ltd. | Financial | CD | 6.41% |
| Reserve Bank of India | Financial | T-Bills | 6.33% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Nippon India Ultra Short Duration Fund Direct Growth | 6497.63 | 8.11 | 7.38 | 0.38 | N/A |
| Axis Ultra Short Duration Fund Direct Growth | 4800.7 | 8.0 | 7.24 | 0.36 | N/A |
| ICICI Prudential Ultra Short Term Fund Direct Growth | 12673.77 | 7.92 | 7.22 | 0.39 | N/A |
| Sundaram Ultra Short Duration Fund Direct Growth | 1723.33 | 7.89 | 7.15 | 0.24 | N/A |
| UTI Ultra Short Duration Fund Direct Growth | 3142.9 | 7.92 | 7.09 | 0.37 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 1000
Multiplier: 100
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
2008-03-31T00:00:00.484Z
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 Ultra Short Duration 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 Ultra Short Duration 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 Ultra Short Duration Fund Direct Growth?
The top stocks held by Bank of India Ultra Short Duration Fund Direct Growth include ICICI Securities Ltd., Bharti Telecom Ltd., Bank Of Baroda.
Which industries does Bank of India Ultra Short Duration Fund Direct Growth invest in?
Bank of India Ultra Short Duration Fund Direct Growth primarily invests in the following industries: Financial, Communication, Consumer Staples.
Who is the fund manager of Bank of India Ultra Short Duration Fund Direct Growth?
The fund manager of Bank of India Ultra Short Duration Fund Direct Growth is Mithraem Bharucha.
How many years has the fund manager been managing Bank of India Ultra Short Duration Fund Direct Growth?
Mithraem Bharucha: Calculating...
What is the minimum investment for Bank of India Ultra Short Duration Fund Direct Growth?
The minimum investment for Bank of India Ultra Short Duration Fund Direct Growth is ₹5000 for lumpsum investments and ₹1000 for SIPs.
What are the average 1-year returns for Bank of India Ultra Short Duration Fund Direct Growth?
Calculating...
What are the average 3-year returns for Bank of India Ultra Short Duration Fund Direct Growth?
Calculating...
What is the expense ratio of Bank of India Ultra Short Duration Fund Direct Growth, and how does it compare to its category?
The expense ratio of Bank of India Ultra Short Duration Fund Direct Growth is 0.38%. The average expense ratio for similar funds in the Debt is Calculating....