April 16, 2025
mayank
Bank of India Short Term Income Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 28.6725
Quarterly NAV IDCW: Rs 13.2185
NAV IDCW Monthly: Rs 13.9409
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate reasonable returns by investing in debt and money market instruments. The scheme would not be investing more than 70% into securities having average maturity of more than 370 days.
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) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bank of India Short Term Income Fund
| Fund House | Bank of India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.96% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 114 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.50% |
| (As on 31-Mar-2025) | |
| Risk Grade | Low |
| Return Grade | Low |
Trailing Returns (%) of Bank of India Short Term Income Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bank of India Short Term Income Dir | 2.96 | 0.12 | 1.55 | 2.81 | 6.10 | 10.71 | 9.82 | 8.74 | 5.30 | 6.42 |
| 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: Short Duration | 3.23 | 0.13 | 1.75 | 3.07 | 4.64 | 9.45 | 7.48 | 7.19 | 7.12 | 7.49 |
| Rank within category | 24 | 18 | 25 | 24 | 1 | 1 | 1 | 1 | 18 | 17 |
| Number of funds in category | 25 | 26 | 26 | 25 | 25 | 25 | 23 | 21 | 18 | 17 |
Peer Comparison of Bank of India Short Term Income 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 Short Term Income Dir | 1 star | 10.71 | 9.82 | 8.74 | 0.50 | 114 | 6.96 | — | 12Y 3M |
| ICICI Pru Short Term Dir | 5 star | 9.49 | 8.25 | 7.95 | 0.45 | 20,428 | 8.60 | — | 12Y 3M |
| HDFC Short Term Debt Dir | 4 star | 9.42 | 7.62 | 7.47 | 0.40 | 14,208 | 8.13 | — | 12Y 3M |
| Axis Short Duration Dir | 4 star | 9.65 | 7.66 | 7.38 | 0.36 | 9,024 | 8.25 | — | 12Y 3M |
| ABSL Short Term Dir | 5 star | 9.67 | 7.85 | 7.98 | 0.37 | 8,068 | 8.69 | — | 12Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 18 | 56 |
| Macaulay Duration (yrs) | 2.61 | 2.70 |
| Average Maturity (yrs) | 3.25 | 3.50 |
| Yield to Maturity (%) | 6.90 | 7.23 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Bank of India Short Term Income Fund
WILL Post Soon
Apply Online: https://online.boimf.in/BOI/Landing
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
