April 16, 2025
RA Jainee
Bank of India Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 2,997.1750
Weekly NAV IDCW: Rs 1,061.5519
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
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.
Fund Manager:
1) Mithraem Bharucha
Education: Mr. Bharucha is a BMS and MBA
Experience: Prior to joining Bank of India Mutual Fund, he has worked with YES Asset Management (India) Limited and BNP Paribas Asset Management India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| 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. |
Basic Details of Bank of India Liquid Fund
| Fund House | Bank of India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.88% |
| Benchmark | CRISIL Liquid Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,524 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.11% |
| (As on 31-Mar-2025) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%) of Bank of India Liquid Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bank of India Liquid Dir | 2.18 | 0.02 | 0.75 | 1.89 | 3.68 | 7.40 | 6.90 | 5.54 | 5.88 | 6.36 |
| CCIL T Bill Liquidity Weight | 1.62 | 0.00 | 0.58 | 1.41 | 2.46 | 5.04 | 4.24 | 3.46 | 3.68 | 3.94 |
| Debt: Liquid | 2.15 | 0.02 | 0.74 | 1.86 | 3.64 | 7.31 | 6.81 | 5.47 | 5.85 | 6.31 |
| Rank within category | 19 | 7 | 22 | 18 | 18 | 15 | 8 | 11 | 17 | 12 |
| Number of funds in category | 38 | 38 | 38 | 38 | 37 | 37 | 35 | 34 | 30 | 29 |
Peer Comparison of Bank of India Liquid Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bank of India Liquid Dir | 4 star | 7.40 | 6.90 | 5.54 | 0.11 | 1,524 | 6.88 | 0.01 (1) | 12Y 3M |
| ABSL Liquid Dir | 5 star | 7.45 | 6.93 | 5.58 | 0.21 | 41,051 | 6.95 | 0.01 (1) | 12Y 3M |
| Axis Liquid Dir | 4 star | 7.44 | 6.91 | 5.55 | 0.09 | 32,609 | 6.91 | 0.01 (1) | 12Y 3M |
| DSP Liquidity Dir | 4 star | 7.43 | 6.87 | 5.50 | 0.10 | 15,829 | 6.87 | 0.01 (1) | 12Y 3M |
| Mirae Asset Liquid Dir | 4 star | 7.41 | 6.89 | 5.54 | 0.09 | 8,684 | 6.74 | 0.01 (1) | 12Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 31 | 60 |
| Macaulay Duration (yrs) | 0.17 | 0.12 |
| Average Maturity (yrs) | 0.17 | 0.13 |
| Yield to Maturity (%) | 6.94 | 6.81 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Bank of India Liquid Fund
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