Bank of India S/T Income Direct Growth
DebtShort DurationModerate Risk
Direct
NAV (22-Oct-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹72 Cr
Expense Ratio
0.45%
ISIN
INF761K01736
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹27.00, Assets Under Management (AUM) of 71.82 Crores, and an expense ratio of 0.45%.
- Bank of India S/T Income Direct Growth has given a CAGR return of 6.71% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 69.67% in debts, and 30.01% in cash & cash equivalents.
- You can start investing in Bank of India S/T Income Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.24%
+7.69% (Cat Avg.)
3 Years
+13.19%
+5.85% (Cat Avg.)
5 Years
+8.62%
+6.23% (Cat Avg.)
10 Years
+6.32%
+6.17% (Cat Avg.)
Since Inception
+6.71%
— (Cat Avg.)
Portfolio Summaryas of 15th October 2024
| Debt | ₹50.03 Cr | 69.67% |
| Others | ₹21.78 Cr | 30.33% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.10%Goi 08/04/2034 | Bond - Gov't/Treasury | ₹10.23 Cr | 14.24% |
| Treps | Cash - Repurchase Agreement | ₹9.23 Cr | 12.85% |
| National Bank for Agriculture and Rural Development 7.68% | Bond - Gov't Agency Debt | ₹7.09 Cr | 9.87% |
| Power Finance Corp Ltd. 7.6% | Bond - Corporate Bond | ₹6.08 Cr | 8.46% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹6.05 Cr | 8.42% |
| Bajaj Finance Ltd. 8.1167% | Bond - Corporate Bond | ₹5.03 Cr | 7.01% |
| Canara Bank | Bond - Gov't Agency Debt | ₹4.85 Cr | 6.75% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹4.73 Cr | 6.58% |
| India (Republic of) 6.79% | Bond - Gov't/Treasury | ₹4.02 Cr | 5.59% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹3.01 Cr | 4.19% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹2.91 Cr | 4.05% |
| Net Receivables / (Payables) | Cash - Collateral | ₹2.71 Cr | 3.77% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹2.06 Cr | 2.87% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹1.98 Cr | 2.76% |
| 364 Day T-Bill 30.01.25 | Bond - Gov't/Treasury | ₹1.62 Cr | 2.26% |
| Corporate Debt Market Development Fund | Mutual Fund - Open End | ₹0.23 Cr | 0.32% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹22.15 Cr | 30.84% |
| Bond - Gov't/Treasury | ₹17.92 Cr | 24.96% |
| Bond - Gov't Agency Debt | ₹11.94 Cr | 16.62% |
| Cash - Repurchase Agreement | ₹9.23 Cr | 12.85% |
| Cash - CD/Time Deposit | ₹4.73 Cr | 6.58% |
| Cash - Commercial Paper | ₹2.91 Cr | 4.05% |
| Cash - Collateral | ₹2.71 Cr | 3.77% |
| Mutual Fund - Open End | ₹0.23 Cr | 0.32% |
Risk & Performance Ratios
Standard Deviation
This fund
9.60%
Cat. avg.
1.71%
Lower the better
Sharpe Ratio
This fund
0.72
Cat. avg.
-0.42
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.01
Higher the better
Fund Managers
Mithraem Bharucha
Since August 2021
Additional Scheme Detailsas of 15th October 2024
ISIN | INF761K01736 | Expense Ratio | 0.45% | Exit Load | No Charges | Fund Size | ₹72 Cr | Age | 11 years 9 months | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Short Term Bond TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Axis Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹9341.54 Cr | 8.3% |
| Mirae Asset Short Term Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹341.86 Cr | 7.8% |
| Tata Short Term Bond Fund Regular Growth Moderate Risk | 1.2% | 0.0% | ₹2908.25 Cr | 7.8% |
| Bandhan Bond Fund - Short Term Plan Regular Growth Moderate Risk | 0.8% | 0.0% | ₹8909.57 Cr | 8.5% |
| Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹341.86 Cr | 8.7% |
| ICICI Prudential Short Term Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹19948.92 Cr | 8.1% |
| Mahindra Manulife Short Duration Fund Regular Growth Moderate Risk | 1.3% | 0.0% | ₹68.75 Cr | 8.1% |
| Mahindra Manulife Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹68.75 Cr | 9.2% |
| Nippon India Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹7573.42 Cr | 8.3% |
| HDFC Short Term Debt Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹14622.22 Cr | 8.7% |
About the AMC
Total AUM
₹9,990 Cr
Address
B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013
Other Funds by BOI Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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- Mithraem Bharucha
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