3 Year return

5.5%
Launched on January 2020 (4 years)

Investment Details

₹NA

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

Low Risk

Your principal will be at

Low Risk

Scheme Information

Asset Under Management

₹70.61 Cr.

Expense Ratio

0.08% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

5
0
0

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Bank of India Mutual Fund Managers

There are no records found for Fund Manager

Fund House Details

Bank of India Mutual Fund

Bank of India Mutual Fund Asset management company

AUM ₹6,554.91 Cr.
No. of Schemes 62
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Bank of India Mutual Fund

List of mutual fund schemes by AMC

About Bank of India Overnight Fund Direct Plan Growth

The Bank of India Overnight Fund Direct Plan Growth is an open-ended debt mutual fund scheme that invests in overnight securities. Overnight securities are those that have a maturity of one day. This fund aims to generate income commensurate with low risk and high liquidity by investing in these securities. The Bank of India Overnight Fund Direct Plan Growth is an open-ended fund. The expense ratio of the Bank of India Overnight Fund Direct Plan Growth is lower than the category average.

Investment Objectives of the Scheme

The investment objective of the Bank of India Overnight Fund Direct Plan Growth is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.

Key Features of The Fund

5-year return NA
Expense Ratio 0.08%
Fund Manager NA
Fund Size ₹70.61 Cr
Risk Profile Low

Is This Scheme Right for Me?

This fund is suitable for investors who want to invest for very short term and are looking for an alternative to bank accounts/deposits. It is also suitable for investors who want to park their surplus funds for a few days or weeks. If you are looking for a safe and liquid investment option for your short-term funds, the Bank of India Overnight Fund Direct Plan Growth can be a good option. However, it is important to remember that all investments carry some risk. So, it is important to do your own research before investing.

AMC Contact Details

Name Bank of India Mutual Fund
Launch Date March 2008
Addresss Bank of India Investment Managers Private Limited, B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013.
Contact 022-612490001800 - 266 - 2676 1800 - 103 – 226391-22-61249024
Email service@boimf.in
Website https://www.boimf.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Plan Your Investments Efficiently

SIPs can help you invest with minimum contributions over a period of time. With Angel One's free SIP calculator online, you can set your end goal and determine the required contribution amount. Check how over time, with small contributions, you can build up enough to achieve your financial goals.

FAQs

What is today's NAV of Bank of India Overnight Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Bank of India Overnight Fund Jun 16 2024 is 1230.6479

What is the AUM of Bank of India Overnight Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Bank of India Overnight Fund is 70.61 crore.

What is the expense ratio of Bank of India Overnight Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Bank of India Overnight Fund is 0.08%

What are the returns of Bank of India Overnight Fund since inception?

The Bank of India Overnight Fund was launched on Jan 27 2020. The fund has delivered a CAGR of 4.84 since inception.

What is the minimum SIP amount to invest in Bank of India Overnight Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Bank of India Overnight Fund is 0.

How do I invest in Bank of India Overnight Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Bank of India Overnight Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Bank of India Overnight Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Bank of India Overnight Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.