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BANK OF INDIA Short Term Income Fund-Regular Plan- Growth

Fund House: Bank of India Mutual Fund
Category: Debt: Short Duration
Launch Date: 18-12-2008
Asset Class: Fixed Income
Benchmark: CRISIL Short Duration Fund BII Index
Expense Ratio: 1.07% As on (30-04-2023)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 82.71 Cr As on (30-04-2023)
Turn over: - | Exit Load: Nil
NAV as on 01-06-2023

22.8759

0.01 (0.0498%)

CAGR Since Inception

5.89%

Benchmark: 8.83%

PERFORMANCE

Returns Type:
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End : 
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This Scheme
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S&P BSE India Bond Index
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Gold
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PPF
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RETURNS ANALYSIS

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Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
10 Years 2 Months
There is no value for 4x
There is no value for 5x
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

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.

Current Asset Allocation (%)

Indicators

Standard Deviation 9.66
Sharpe Ratio 0.81
Alpha 17.89
Beta 7.0
Yield to Maturity 6.98
Average Maturity 1.48

PEER COMPARISON

Scheme Name Inception
Date		 1 Year
Return(%)		 2 Year
Return(%)		 3 Year
Return(%)		 5 Year
Return(%)		 10 Year
Return(%)
BANK OF INDIA Short Term Income Fund-Regular Plan- Growth 18-12-2008 13.35 15.17 11.72 3.75 5.85
Franklin India Short-Term Income Plan-Growth 31-01-2002 7.7 11.02 10.47 6.51 7.62
ICICI Prudential Short Term Fund - Growth Option 01-10-2001 7.65 5.24 6.02 7.32 7.65
Aditya Birla Sun Life Short Term Fund - Growth - Regular Plan 09-05-2003 6.92 4.98 6.37 7.2 7.9
Baroda BNP Paribas Short Duration Fund - Regular Plan - Growth Option 30-06-2010 6.87 4.29 5.1 6.23 7.23
HDFC Short Term Debt Fund - Growth Option 15-06-2010 6.84 4.72 5.71 7.26 7.73
BANDHAN Bond Fund - Short Term - Regular Plan - Growth 14-12-2000 6.79 4.22 4.87 6.78 7.2
Axis Short Term Fund - Regular Plan - Growth Option 22-01-2010 6.7 4.68 5.39 7.03 7.34
Axis Short Term Fund - Retail Plan - Growth Option 05-03-2010 6.69 4.68 5.39 7.03 7.35
Sundaram Short Duration Fund (Formerly Known as Principal Short Term Debt Fund) Regular Principal Units 01-01-2013 6.54 - - - -

Scheme Characteristics

Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year - 3 years.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.0%

Scheme Documents

There are no scheme documents available

Tax Benefits of investing in this fund

Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.

Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.

** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.

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