February 3, 2024
mayank
Bank of India Short Term Income Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 25.6145
Quarterly NAV IDCW: Rs 11.8093
NAV IDCW Monthly: Rs 12.4548
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 BOI AXA Investment Managers Private Limited, 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
| Fund House | Bank of India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.65% |
| Benchmark | CRISIL SD Debt B-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 90 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.52% |
| (As on 31-Dec-2023) | |
| 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 | 0.89 | 0.08 | 0.91 | 2.36 | 3.46 | 6.67 | 12.32 | 4.15 | 4.79 | 6.51 |
| CCIL T Bill Liquidity Weight | 0.46 | 0.07 | 0.37 | 1.24 | 2.27 | 4.55 | 3.14 | 3.29 | 3.53 | 4.03 |
| Debt: Short Duration | 0.88 | 0.08 | 0.84 | 2.31 | 3.66 | 7.53 | 6.05 | 6.80 | 6.68 | 7.73 |
| Rank within category | 14 | 12 | 5 | 8 | 23 | 24 | 1 | 21 | 18 | 18 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 24 | 21 | 21 | 18 | 18 |
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 | 6.67 | 12.32 | 4.15 | 0.52 | 90 | 6.65 | — | 11Y 1M |
| ICICI Pru Short Term Dir | 4 star | 8.33 | 6.42 | 8.04 | 0.45 | 18,636 | 8.54 | — | 11Y 1M |
| HDFC Short Term Debt Dir | 4 star | 7.91 | 5.81 | 7.48 | 0.37 | 14,203 | 8.04 | — | 11Y 1M |
| Axis Short Term Dir | 4 star | 7.70 | 5.76 | 7.50 | 0.34 | 7,589 | 8.15 | — | 11Y 1M |
| ABSL Short Term Dir | 4 star | 7.97 | 6.17 | 7.73 | 0.38 | 6,778 | 8.64 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 16 | 43 |
| Macaulay Duration (yrs) | 2.92 | 2.63 |
| Average Maturity (yrs) | 3.75 | 3.39 |
| Yield to Maturity (%) | 7.2 | 7.64 |
| Avg Credit Rating | AAA | — |
How to Invest in Bank of India Short Term Income Fund?
Chanakya’s Mutual Fund Guidance For Bank of India Short Term Income Fund
Apply Online: https://online.boimf.in/
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-absl-income-fund/