- Mutual Funds
- BOI Mutual Funds
- Bank of India Short Term Income Fund (RIDCW-M)
Formerly BOI AXA S/T Income Reg Mly IDCW-R
Bank of India Short Term Income Fund (RIDCW-M)
₹ 12.3106
NAV (Apr 22)
Short term 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.
Short Term Funds invest in debt and money market instruments such that the duration of the portfolio is between 1 to 3 years.This exposes them to higher variations when interest rates change.
The category is one of the largest categories within the Debt Segment (9% of the total assets).
We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 12.3106
NAV (Apr 22)
Fund Returns
Last 1Y | 5.7% |
Last 3Y | 11.8% |
Last 5Y | 3.5% |
Last 10Y | 4.4% |
Since Inception | 4.8% |
6 Month CAGR | 3.6% |
Scheme Information
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.
Expense Ratio | 1.06 |
Launched (16y ago) | Dec 18, 2008 |
AUM in Crores | 82.584 |
ISIN | INF761K01587 |
Lock-in | No Lock-in |
Benchmark | CRISIL Short Term Bond TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 9.6 |
Standard Deviation (5yr) | 11 |
Beta (3yr) | 1.51 |
Beta (5yr) | 0.81 |
Sharpe Ratio (3yr) | 0.671 |
Sharpe Ratio (5yr) | -0.096 |
YTM | 7.02 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Bank of India Short Term Income Fund (RIDCW-M) | 7,96,375 | 63,763 | 3.5% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
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 before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Debt Holdings
7.26% govt stock 2033
22.4%7.38% govt stock 2027
11.9%treps
11.7%power finance corporation limited
11.1%national bank for agriculture and rural development
8.3%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
Bank of India Investment Managers Private Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
25.4% | 20.4% | ||
31.8% | 12% | ||
25% | 19.8% | ||
24.6% | 17% | ||
25.2% | 19.9% |
Bank of India Short Term Income Fund (RIDCW-M) Review
Bank of India Short Term Income Fund (RIDCW-M) is a Short Term Debt fund and has delivered an annualised return of 4.8% over a period of 15 years. The fund was previously known as BOI AXA S/T Income Reg Mly IDCW-R. The fund is managed by Bank of India Investment Managers Private Limited. The fund manager’s name is Mithraem Bharucha.
Nav of Bank of India Short Term Income Fund (RIDCW-M) as of 4/22/2024 is ₹12.31 with the total AUM as of 4/23/2024 is ₹82.584. With Scripbox you can compare and check the latest nav for all mutual funds in India. Bank of India Short Term Income Fund (RIDCW-M) was launched on Dec 18, 2008. The category risk of the fund is Moderate Risk.
The minimum SIP amount for Bank of India Short Term Income Fund (RIDCW-M) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
Bank of India Short Term Income Fund (RIDCW-M) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Short Term Bond TR INR.
Bank of India Short Term Income Fund (RIDCW-M) is rated as a 2 fund in Debt and delivered 5.7% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Bank of India Short Term Income Fund (RIDCW-M).
Frequently Asked Questions
What is Bank of India Short Term Income Fund (RIDCW-M)?
How to invest in Bank of India Short Term Income Fund (RIDCW-M)?
You can invest in Bank of India Short Term Income Fund (RIDCW-M) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Bank of India Short Term Income Fund (RIDCW-M)?
The minimum sip amount for Bank of India Short Term Income Fund (RIDCW-M) is ₹1000. You can invest in multiples of ₹5000.
Is Bank of India Short Term Income Fund (RIDCW-M) good to invest in?
As per Scripbox experts, Bank of India Short Term Income Fund (RIDCW-M) is a Neutral fund. You can investBank of India Short Term Income Fund (RIDCW-M) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Bank of India Short Term Income Fund (RIDCW-M)?
The expense ratio of the Bank of India Short Term Income Fund (RIDCW-M) is 1.06% for regular plan.