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Home Mutual FundsDebtUltra Short Duration FundBank Of India Ultra Short Duration Fund

Bank Of India Ultra Short Duration Fund

The fund details shown here are of the Growth Plan option and belongs to the Debt, Ultra Short Duration Fund category.

The NAV for Bank Of India Ultra Short Duration Fund Fund is 3,033.739 as of 22 Nov 2024. NAV or Net Asset Value, is a crucial metric in the context of mutual funds. It represents the per - unit market value of a mutual fund scheme. NAV is calculated by the fund house on every business day and is a key factor in determining the value of an investor's holdings in the mutual fund.

This fund has given 5.64% annualized return for the last 3 years.

At present Bank Of India Ultra Short Duration Fund has not been rated by us.

  • 1M
  • 3M
  • 6M
  • 1YR
  • 3YR
  • 5YR
  • 10YR
  • Since Inception

Performance

Monthly SIP of   ₹    for

Below table shows comparison of Bank Of India Ultra Short Duration Fund with respect to the investments in Fixed Deposit and Gold for the Total investment of ₹36,000 over the period of 3 years.

Total Value Gain Return %
This Fund

39,578

3,578

6.23%
Bank FD

39,824

3,824

 6.5%
Gold

40,770

4,770

 8.00%

Fund Information

  • As of 31 Jan 2024, fund size of Bank Of India Ultra Short Duration Fund is 135.85 Cr.

  • Bank Of India Ultra Short Duration Fund shown here is of Growth plan.

  • The Total Expense Ratio (TER) of the fund is 1.21%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.

  • Bank Of India Ultra Short Duration Fund is an Debt oriented mutual fund in the - Ultra Short Duration Fund category.

  • Nifty 50 Arbitrage Index is the benchmark for Bank Of India Ultra Short Duration Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.

  • The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on 16 Jul 2008 as at present it is 16 years old fund.

  • Name of the AMC is Bank of India Mutual Fund. Click here to know more about Bank of India Mutual Fund.

Fund Managed By

Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. Bank Of India Ultra Short Duration Fund managed by following fund manager(s);

How does the Return Comparison of the Bank Of India Ultra Short Duration Fund fare against peer funds in the Ultra Short Duration fund category?

Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by Bank Of India Ultra Short Duration Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Ultra Short Duration fund category these peer funds belongs to.

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.37% 0.91% 5.14% 5.14% 7.21% 5.80% 6.36% 6.87% 7.47%
Category Average 0.30% 0.79% 4.13% 4.54% 6.54% 5.04% 4.64% 5.39% 6.45%
Bank Of India Ultra Short Duration Fund 0.14% 0.54% 1.66% 3.28% 6.60% 6.46% 5.64% 5.03% 6.63%
ICICI Prudential Ultra Short Term Fund 0.14% 0.60% 1.79% 3.59% 7.44% 7.17% 6.19% 5.88% 7.12%
ICICI Prudential Ultra Short Term Fund 0.14% 0.60% 1.79% 3.59% 7.44% 7.17% 6.19% 5.88% 7.12%
Aditya Birla Sun Life Savings Fund 0.15% 0.64% 1.93% 3.78% 7.73% 7.44% 6.42% 6.08% 7.20%
Aditya Birla Sun Life Savings Fund 0.15% 0.64% 1.93% 3.78% 7.73% 7.44% 6.42% 6.08% 7.20%
HDFC Ultra Short Term Fund 0.14% 0.59% 1.78% 3.60% 7.42% 7.17% 6.15% 5.71% -

Fund Portfolio Details

Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of Bank Of India Ultra Short Duration Fund are shown below;

Equity -

Debt 97.45%

Others 2.55%

Top Holdings

Name of the InstrumentHolding Percentage
EXPORT IMPORT BANK OF INDIA CD 14MAR24 8.76%
HDFC BANK LIMITED 364D CP 22MAR24 8.74%
STATE BANK OF INDIA CD 17MAY24 8.64%
LIC HOUSING FINANCE LIMITED SRTR 379OPT2 8.79NCD05MR24 10L LOAUPTO21AP19 8.10%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 21JUN24 7.86%
Others 57.90%
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Allocation by Instruments

Type of the InstrumentHolding Percentage
CERTIFICATE OF DEPOSIT 25.26%
COMMERCIAL PAPER 8.74%
DEBENTURE 24.99%
BOND 11.05%

Portfolio Holdings shown is as of 31 Jan 2024

Riskometer

Investors understand that their principal
will be at Low to Moderate risk