Data as on 04th feb 2025

Bank Of India Ultra Short Duration Fund

  • Fund Type : An open ended ultra-short term debt scheme investing in instruments with Macaulay duration of the portfolio between 3 months and 6 months. A Relatively Low Interest Rate Risk and Moderate Credit Risk.
    Entry Load : Nil
    Date of Allotment : July 16, 2008
    Features : Liquity SIP SWP STP
  • Benchmark :
    Tier 1: CRISIL Ultra Short Duration Debt A-I Index
    Exit Load :
    Nil

Investment Objective

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. Further there is no assurance that the investment objectives of the Scheme will be realized.

Fund Manager

  • Mithraem Bharucha

    BMS and MBA

    Mithraem Bharucha
    See detail

    Over 13 years of experience in Fixed Income market domain, Investment strategy development.

Fund Highlights

  • An open-ended ultra short duration debt fund suitable for short-term deployment of funds.
  • An ideal investment avenue for short to medium term parking of funds.
  • Suitable for those with an investment horizon of 3 to 6 months.
  • It endeavors to provide returns that are higher than those of liquid funds by maintaining a higher portfolio duration.
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Riskometer

Scheme Riskometer:

The above Riskometer is based on the portfolio as on October, 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 3 months and 6 months

Benchmark Riskometer: CRISIL Ultra Short Duration Debt B-I Index:

The above Riskometer is based on the portfolio as on October 31, 2021.

Regular income over short to medium term.

Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months

*Investor should consult their financial advisor if they are not clear about the suitability of the product.

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

Top 10 Portfolio Holdings

Portfolio Details % to Net Assets
TREPS 9.8%
REC Limited 9.8%
HDFC Bank Limited 9.8%
Power Finance Corporation Limited 9.5%
LIC Housing Finance Limited 9.5%
National Bank For Agriculture and Rural Development 7.9%
Manappuram Finance Limited 7.5%
360 One Prime Limited 6.9%
Bank of Baroda 5.2%
Indian Bank 5.2%

Credit Profile

36.8
AAA
36.1
A1+
14.3
AA
9.8
TREPS
1.8
Others*
1
SOV

Asset Allocation

50.3%
Money Market Instruments
36%
Corporate Debt
11.1%
Government Bond And Treasury Bill
2.3%
Cash & Other Receivables
0.3%
Corporate Debt Market Development Fund
  • Scheme
  • Benchmark

Fund Performance

Total Expense Ratio

Performance(Regular Plan – Growth)

Current Value of Standard Investment of Rs 10000 in the
Period NAV Per Unit (Rs.) Scheme Benchmark Additional Benchmark Returns Schemes Benchmarkrs Additional Benchmark
1 yrs NA 6.83 % 7.33 % 7.85 % 10,696 10,747 10,741
3 yrs NA 6.45 % 7.34 % 7.89 % 12,076 12,380 12,277
5 yrs NA 5.24 % 6.01 % 5.48 % 12,893 13,376 13,124
10 yrs NA 3.81 % 3.96 % 6.48 % 18,780 19,222 18,445
Since inception NA 4.11 % 4.35 % 6.48 % 31,801 33,971 28,895

IDCW History

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