Bank of India Short Term Income Fund Direct-Growth

Q: What are the returns of Bank of India Short Term Income Fund?

The Bank of India Short Term Income Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 6.98% since inception. Bank of India Short Term Income Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 11.08% 9.9% 10.9% 6.44% 6.98%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹28.7847+0.02% 1 day change	6.98% p.a.	#NA View Ranked Funds	N.A.

Historical NAV & returns

NAV: ₹28.7847 as on Apr 23, 2025

This fund Category average

Bank of India Short Term Income Fund overview

VRO rating	N.A.
Expense ratio	0.5% as on Mar 31, 2025
Exit load	0% Exit load of 0.50% if redeemed within 6 months!
AUM (Fund size)	₹114 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	CRISIL Short Duration Debt A-II Index
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Bank of India Short Term Income Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	1.51%	1.75%
3 months	2.88%	3.18%
6 months	6.52%	5.1%
1 year	11.08%	9.88%
3 years	9.9%	7.63%
5 years	10.9%	7.33%
7 years	5.4%	7.27%
10 years	6.44%	7.54%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 44.65%

SOV 26.66%

AAA 23.47%

Cash & Call Money 5.0%

Top Debt Holdings

GOI 26.45%

ICICI Bank Ltd. 8.62%

Indian Bank 8.27%

Axis Bank Ltd. 6.95%

Allocation by Instruments

Certificate of Deposit 39.61%

GOI Securities 26.45%

Debenture 10.18%

Non Convertible Debenture 9.75%

Other Holdings

Others 0.22%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Bank of India Short Term Income Fund	N.A.	₹114 Crs	12 yrs 3 m	0.5%
ICICI Prudential Short Term Fund	N.A.	₹20,428 Crs	12 yrs 3 m	0.45%
UTI Short Duration Fund	N.A.	₹2,566 Crs	12 yrs 3 m	0.42%
Sundaram Short Duration Fund	N.A.	₹202 Crs	12 yrs 3 m	0.31%
Aditya Birla Sun Life Short Term Fund	N.A.	₹8,068 Crs	12 yrs 3 m	0.37%
Baroda BNP Paribas Short Duration Fund	N.A.	₹204 Crs	12 yrs 3 m	0.38%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Bank of India Short Term Income Fund	1.51%	6.52%	11.08%	9.9%	10.9%	6.44%
ICICI Prudential Short Term Fund	1.72%	5.06%	9.76%	8.27%	7.8%	8.34%
UTI Short Duration Fund	1.71%	4.82%	9.42%	7.65%	8.15%	6.95%
Sundaram Short Duration Fund	1.74%	4.95%	9.95%	7.56%	8.42%	7.09%
Aditya Birla Sun Life Short Term Fund	1.79%	5.14%	10.04%	7.92%	7.93%	8.15%
Baroda BNP Paribas Short Duration Fund	1.84%	5.06%	9.9%	7.6%	6.77%	7.84%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Bank of India Short Term Income Fund	4.5	2.84	0.67	3.24
ICICI Prudential Short Term Fund	0.86	1.47	1.69	2.08
UTI Short Duration Fund	0.95	1.9	0.89	1.18
Sundaram Short Duration Fund	1.03	2.1	0.74	1.01
Aditya Birla Sun Life Short Term Fund	1.01	1.9	1.04	1.41
Baroda BNP Paribas Short Duration Fund	1.25	2.67	0.5	0.52

View all Short Duration funds

Key risk & return ratios Compared to other funds in the category

Alpha	8.91 vs. 3.75 Higher outperformance against benchmark
Sharpe	0.67 vs. 3.95 Poor risk-adjusted returns
Beta	2.84 vs. 1.29 More sensitive to market's ups & downs
Standard deviation	4.5 vs. 1.08 More volatile performance

Compare Bank of India Short Term Income Fund in detail with

About this fund

About Bank of India Short Term Income Fund

Bank of India Short Term Income Fund Direct-Growth is a Short Duration mutual fund scheme from Bank Of India Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. Bank of India Short Term Income Fund Direct-Growth has ₹114 Crores worth of assets under management (AUM) as on 31/03/2025 and is small fund of its category. The latest Net Asset Value (NAV) of Bank of India Short Term Income Fund Direct-Growth as of 23/04/2025 is ₹28.78. The fund has an expense ratio of 0.5%, which is higher than what most other Short Duration funds charge.

Bank of India Short Term Income Fund Direct-Growth returns of last 1-year are 11.04%. Since launch, it has delivered 6.98% average annual returns. The fund has doubled the money invested in it every 11 yrs.
Bank of India Short Term Income Fund Direct-Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is high.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, ICICI Bank Ltd., Indian Bank, Axis Bank Ltd., HDFC Bank Ltd..

...

Fund AUM	₹114 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Mithraem Bharucha

Mr. Bharucha is a BMS and MBA Prior to joining Bank of India Mutual Fund, he has worked with YES Asset Management (India) Limited and BNP Paribas Asset Management India Pvt. Ltd.

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.

Bank of India Mutual Fund details

No. of schemes	20 view all schemes
Total AUM	₹11,518 Crs as on Mar 31, 2025
Address	B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai, 400013
Email	service@boiaxa-im.com

More funds from Bank of India Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Bank of India Liquid Fund	N.A.	₹1,524 Crs	7.37%	6.92%
Bank of India Ultra Short Duration Fund	N.A.	₹155 Crs	7.46%	6.61%
Bank of India Overnight Fund	N.A.	₹41 Crs	6.67%	6.43%
Bank of India Credit Risk Fund	N.A.	₹110 Crs	5.9%	5.8%
Bank of India Money Market Fund	N.A.	₹159 Crs	N.A.	N.A.

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Bank of India Short Term Income Fund?

The current Net Asset Value (NAV) of the Bank of India Short Term Income Fund - Direct Growth plan is approximately ₹28.7847 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Bank of India Short Term Income Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 6.98% since inception.

Bank of India Short Term Income Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
11.08%	9.9%	10.9%	6.44%	6.98%

How much does this mutual fund charge as expense ratio?

The Bank of India Short Term Income Fund - Direct Growth has an expense ratio of 0.5%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Bank of India Short Term Income Fund currently has assets under management (AUM) or fund size valued at approximately ₹114 Crs crore as of Mar 31, 2025.

To whom does Bank of India Short Term Income Fund lend to?

The top 3 debt holdings of Bank of India Short Term Income Fund are as follows

Holding Name	Percentage of Portfolio
GOI	26.45%
ICICI Bank Ltd.	8.62%
Indian Bank	8.27%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Bank of India Short Term Income Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	44.65%
SOV	26.66%
AAA	23.47%

What is risk level of Bank of India Short Term Income Fund?

This is a Short Duration fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Bank of India Short Term Income Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Bank of India Short Term Income Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Bank of India Short Term Income Fund is complete.

How can I redeem my investments in Bank of India Short Term Income Fund?

Redeeming your investments in Bank of India Short Term Income Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Bank of India Short Term Income Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Short Duration

#NA

Return Outperformance: This fund has generated highest return amongst Short Duration funds in the last 5 Years.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.