Data as on 31st  March 2024

Bank Of IndiaSHORT TERM INCOME FUND

  • Fund Type : An open ended short term debt scheme investing in instruments with Macaulay duration of the portfolio between 1 year and 3 years. A Moderate Interest Rate Risk and Moderate Credit Risk.
    Entry Load : Nil
    Date of Allotment : December 18, 2008
    Features : Liquity SIP SWP STP
  • Benchmark :
    CRISIL Short Duration Debt B-II Index
    Exit Load :
    Nil

Investment Objective

The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.

Fund Manager

  • Mr. Mithraem Bharucha

    BMS and MBA

    Alok singh
    See detail

Fund Highlights

  • An open-ended short duration debt fund suitable for medium-term deployment of funds.
  • An ideal investment avenue for an investment horizon of 1 year to 3 years.
  • Suitable for those who are looking for an alternative to Fixed Deposits with liquidity and tax efficiency.
  • It endeavors to provide returns that are higher than those of ultra short term income funds by maintaining a higher portfolio duration.
  • Click here for KIM
  • Click here for SID

Riskometer

Scheme Riskometer:

The above Riskometer is based on the portfolio as on February, 2024.

This product is suitable for investors who are seeking*:

  • Regular income over short to medium term.
  • Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year - 3 years.

Benchmark Riskometer: CRISIL Short Duration Debt B-II Index:

Potential Risk Class Matrix
Credit Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest rate Risk
Relatively Low (Class I)
Moderate (Class II) B-II
Relatively High (Class III)

Top 10 Portfolio Holdings

Portfolio Details % to Net Assets
Government of India 42.5%
TREPS 23.8%
Power Finance Corporation Limited 9.9%
National Bank For Agriculture and Rural Development 7.4%
Axis Bank Limited 5.9%
REC Limited 5.0%
Power Grid Corporation of India Limited 2.4%
Reliance Jio Infocomm Limited 1.2%

Credit Profile

Data Not Available

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Asset Allocation

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  • Scheme
  • Benchmark

Fund Performance

Total Expense Ratio

Performance(Regular Plan – Growth)

Period Scheme Benchmark
1 yr 6.2 % 7.5 %
3 yrs 12.0 % 5.4 %
5 yrs 3.5 % 6.6 %

IDCW History(Regular Plan- Quarterly IDCW)

Record Date IDCW (`/Unit)
25-January-2011 0.043921
25-January-2011 0.040935
25-February-2011 0.052705
25-February-2011 0.049122
CLICK HERE TO VIEW THE IDCW HISTORY

Liq-uity

 

Liq-uity is a revolutionary new concept in investing where the daily gains, if any, from BOI AXA Liquid Fund (BALF) or BOI AXA Ultra Short Duration Fund  get transferred (BAUSDF) to BOI AXA Large & Mid Cap Fund (BALMCF) / BOI AXA MANUFACTURING & INFRASTRUCTURE FUND (BAMIF) on all business days. So your capital is liquid, and your daily gains keep growing! Could there be a better way to invest?

Liq-uity is a revolutionary new concept in investing where the daily gains, if any, from BOI AXA Liquid Fund (BALF) or BOI AXA Ultra Short Duration Fund (BAUSDF) get transferred to BOI AXA Large & Mid Cap Fund (BAELMCF) / BOI AXA MANUFACTURING & INFRASTRUCTURE FUND (BAMIF) on all business days. So your capital is liquid, and your daily gains keep growing! Could there be a better way to invest?

WHAT IS Liq-uity

  • For investors opting for the Daily Dividend Transfer Facility under Liq-uity in BALF/ BAUSDF, the daily dividend gets transferred to BALMCF / BAMIF while the initial investment remains invested in BALF / BAUSDF.
  • For investors opting for the Growth Option, the daily appreciation in NAV gets switched from BALF / BAUSDF in to BALMCF/ BAMIF. To effect the switch, the Units in BALF/BAUSDF will automatically get redeemed to the extent of the daily appreciation amount and the appreciation amount will be invested in BALMCF/ BAMIF.
  • Daily transfer of such gains enables you to ride market volatility with the endeavor to optimize returns.

Advantages of Liq-uity

  • Enables investors to get the best out of both fixed income and equity investments
    • Enjoy the benefits of Liq-uity
    • Enjoy the opportunity to earn attractive returns in line with equity markets
  • Conservative
    • Only your gains earned from BALF / BAUSDF are transferred to  BALMCF/ BAMIF
    • Initial Capital remains invested in BALF / BAUSDF at all times
  • Daily Participation in Equities
    • Take advantage of Rupee Cost Averaging on a daily basis (on all business days)
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