3 Year return

12.43%
Launched on January 2013 (11 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹78.8 Cr.

Expense Ratio

0.5% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4

Ratings by other agencies

0
0
3

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 Short Term Income Fund Direct Plan Growth

The Bank of India Short Term Income Fund Direct Plan Growth is a mutual fund scheme offered by Bank of India Mutual Fund. It falls under the debt fund category, which means it primarily invests in fixed-income instruments like bonds, government securities, and other money market instruments. These funds are generally considered to be lower risk compared to equity funds.

Investment Objectives of the Scheme

The primary objective of the Bank of India Short Term Income Fund is to generate reasonable returns while maintaining a moderate level of risk. It aims to achieve this by investing in a diversified portfolio of debt and money market instruments with varying maturities. The fund aims to provide investors with stable income and capital appreciation over the short to medium term.

Key Features of The Fund

5-year return 5.05%
Expense Ratio 0.5%
Fund Manager NA
Fund Size ₹78.8 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

This fund could be a suitable investment option for individuals who are looking for relatively lower-risk investment opportunities with a focus on generating regular income. If you have a shorter investment horizon and are risk-averse, this fund might align well with your financial goals. Additionally, investors seeking an alternative to traditional fixed deposits or looking to diversify their investment portfolio can consider this fund.

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.

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FAQs

What is today's NAV of Bank of India Short Term Income 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 Short Term Income Fund Jun 18 2024 is 26.2626

What is the AUM of Bank of India Short Term Income 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 Short Term Income Fund is 78.8 crore.

What is the expense ratio of Bank of India Short Term Income 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 Short Term Income Fund is 0.5%

What are the returns of Bank of India Short Term Income Fund since inception?

The Bank of India Short Term Income Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 6.66 since inception.

What is the minimum SIP amount to invest in Bank of India Short Term Income 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 Short Term Income Fund is 1000.

How do I invest in Bank of India Short Term Income 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 Short Term Income 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 Short Term Income 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 Short Term Income 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.