BOI Mutual Funds

Bank of India Overnight Fund Direct Plan Growth

₹ 1319.69

NAV (Jul 28)

6.535%
3 Year CAGR
Scripbox Opinion
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Neutral
Click here for top ranked funds in overnight mutual funds.

Overnight funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.

Overnight Funds invest in securities with a maturity of 1 day.

These investments have very low interest rate risk; however this also reduces return.

The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account.Since most of the underlying holdings are Reverse Repos,funds in this category also score well on credit quality.We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.

Our analysis of this fundLearn how we rate funds ->

Consistency of Credit quality

Poor

The performance of the fund on a Consistency of Credit Quality metric has been Poor

Fund Size

Poor

The performance of the fund on a Fund Size metric has been Poor

View all 8 analysis

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Scripbox Recommended Overnight Funds
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Scheme Information

Investment Objective

The scheme seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.

Expense Ratio
0.09 %
Launched 5Y ago
2020-01-28
AUM in Crores
144.1
ISIN
INF761K01EU7
Lock-in (days)
No Lock-in
Benchmark
CRISIL Liquid Overnight Index
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation
0.2
Beta
0.5
Sharpe Ratio
0.2
YTM
-
asset-allocation

Asset allocation and Holdings

Last updated on 2025-04-02

Top Debt Holdings

Others

96.78%
96.78%

Reserve Bank of India

3.17%
3.17%

Others

0.05%
0.05%
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Frequently Asked Questions

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