- Mutual Funds
- BOI Mutual Funds
- Bank of India Ultra Short Duration Fund (RIDCW-W)
Formerly BOI AXA Ultra S/D Reg Wly IDCW-R
Bank of India Ultra Short Duration Fund (RIDCW-W)
₹ 1008.8317
NAV (Oct 03)
Ultra short 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.
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
₹ 1008.8317
NAV (Oct 3)
Fund Returns
Last 1Y | 6.3% |
Last 3Y | 4.2% |
Last 5Y | 4.6% |
Last 10Y | 5.4% |
Since Inception | 5.5% |
6 Month CAGR | 3.2% |
Scheme Information
The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns.
Expense Ratio | 1.22 |
Launched (15y ago) | Jul 16, 2008 |
AUM in Crores | 145.426 |
ISIN | INF761K01CX5 |
Lock-in | No Lock-in |
Benchmark | CRISIL Ultra Short Duration Fund TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.6 |
Standard Deviation (5yr) | 0.6 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -1.953 |
Sharpe Ratio (5yr) | -1.087 |
YTM | 7.08 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Bank of India Ultra Short Duration Fund (RIDCW-W) | 8,17,924 | 85,312 | 4.6% | |
| 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
rec limited
9.5%axis bank limited
8.7%bank of baroda
8.1%hdfc bank limited
7.9%lic housing finance limited
7.6%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 44,468 cr | ||
₹ 18,357 cr | ||
₹ 10,408 cr | ||
₹ 14,357 cr | ||
₹ 9,121 cr |
About the AMC
Bank of India Investment Managers Private Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
26% | 19.2% | ||
32.6% | 10.4% | ||
25.6% | 18.6% | ||
35.5% | 29.1% | ||
27% | 15.5% |
Bank of India Ultra Short Duration Fund (RIDCW-W) Review
Bank of India Ultra Short Duration Fund (RIDCW-W) is a Ultra Short Debt fund and has delivered an annualised return of 5.5% over a period of 15 years. The fund was previously known as BOI AXA Ultra S/D Reg Wly 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 Ultra Short Duration Fund (RIDCW-W) as of 10/3/2023 is ₹1008.83 with the total AUM as of 10/4/2023 is ₹145.426. With Scripbox you can compare and check the latest nav for all mutual funds in India. Bank of India Ultra Short Duration Fund (RIDCW-W) was launched on Jul 16, 2008. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for Bank of India Ultra Short Duration Fund (RIDCW-W) 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 Ultra Short Duration Fund (RIDCW-W) 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 Ultra Short Duration Fund TR INR.
Bank of India Ultra Short Duration Fund (RIDCW-W) is rated as a 1 fund in Debt and delivered 6.3% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Bank of India Ultra Short Duration Fund (RIDCW-W).
Frequently Asked Questions
What is Bank of India Ultra Short Duration Fund (RIDCW-W)?
How to invest in Bank of India Ultra Short Duration Fund (RIDCW-W)?
You can invest in Bank of India Ultra Short Duration Fund (RIDCW-W) 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 Ultra Short Duration Fund (RIDCW-W)?
The minimum sip amount for Bank of India Ultra Short Duration Fund (RIDCW-W) is ₹1000. You can invest in multiples of ₹5000.
Is Bank of India Ultra Short Duration Fund (RIDCW-W) good to invest in?
As per Scripbox experts, Bank of India Ultra Short Duration Fund (RIDCW-W) is a Not Recommended fund. You can investBank of India Ultra Short Duration Fund (RIDCW-W) 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 Ultra Short Duration Fund (RIDCW-W)?
The expense ratio of the Bank of India Ultra Short Duration Fund (RIDCW-W) is 1.22% for regular plan.