Bank of India Overnight Fund Direct Growth

Fund Overview

Fund Size

₹51 Cr

Expense Ratio

0.09%

ISIN

INF761K01EU7

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

28 Jan 2020

About this fund

Bank of India Overnight Fund Direct Growth is a Overnight mutual fund schemes offered by BOI Mutual Fund. This fund has been in existence for 4 years, 3 months and 20 days, having been launched on 28-Jan-20.
As of 18-May-24, it has a Net Asset Value (NAV) of ₹1224.47, Assets Under Management (AUM) of 51.46 Crores, and an expense ratio of 0.09%.

Bank of India Overnight Fund Direct Growth has given a CAGR return of 4.81% since inception.
The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 100.00% in cash & cash equivalents.
You can start investing in Bank of India Overnight Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.87%

— (Cat Avg.)

3 Years

+5.42%

— (Cat Avg.)

Since Inception

+4.81%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Others

₹51.46 Cr

100.00%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Repo	Cash - Repurchase Agreement	₹51.25 Cr	99.58%
Net Receivables / (Payables)	Cash	₹0.21 Cr	0.40%
Treps	Cash - Repurchase Agreement	₹0.01 Cr	0.02%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - Repurchase Agreement	₹51.26 Cr	99.60%
Cash	₹0.21 Cr	0.40%

Risk & Performance Ratios

Standard Deviation

This fund

0.43%

Cat. avg.

Lower the better

Sharpe Ratio

This fund

-7.33

Cat. avg.

Higher the better

Sortino Ratio

This fund

Cat. avg.

Higher the better

Fund Managers

Mithraem Bharucha

Since August 2023

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF761K01EU7		Expense Ratio	0.09%		Exit Load	No Charges		Fund Size	₹51 Cr		Age	28 Jan 2020		Lumpsum Minimum	₹5,000		Fund Status	Open Ended Investment Company		Benchmark	CRISIL Overnight Index TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Overnight Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Overnight Fund Regular Growth Low Risk	0.1%	0.0%	₹8611.00 Cr	6.8%
Axis Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹8611.00 Cr	6.8%
Groww Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹28.28 Cr	6.7%
Groww Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹28.28 Cr	6.6%
Tata Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹3181.71 Cr	6.8%
Tata Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹3181.71 Cr	6.7%
Nippon India Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹6456.54 Cr	6.7%
Nippon India Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹6456.54 Cr	6.8%
Sundaram Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹772.43 Cr	6.7%
Sundaram Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹772.43 Cr	6.8%

About the AMC

BOI Mutual Fund

+91 22 40479000

https://www.boimf.in/

Total AUM

₹6,856 Cr

Address

B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013

Other Funds by BOI Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bank of India Midcap Tax Fund Series 1 Direct Growth Very High Risk	-	0.0%	₹65.86 Cr	49.6%
Bank of India Midcap Tax Fund Series 2 Direct Growth Very High Risk	-	0.0%	₹34.78 Cr	50.5%
Bank of India Mid & Small Cap Equity & Debt Direct Growth Very High Risk	1.2%	1.0%	₹724.24 Cr	51.0%
Bank of India Conservative Hybrid Fund Direct Growth Moderately High risk	1.3%	1.0%	₹71.40 Cr	13.7%
Bank of India Balanced Advantage Fund Direct Growth Very High Risk	1.5%	1.0%	₹125.97 Cr	25.8%
Bank of India Multi Cap Fund Direct Growth Very High Risk	1.4%	1.0%	₹498.08 Cr	50.8%
Bank of India Bluechip Fund Direct Growth Very High Risk	1.4%	1.0%	₹141.70 Cr	45.0%
Bank of India Flexi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹879.32 Cr	64.5%
Bank of India Large & Mid Cap Equity Fund Direct Growth Very High Risk	1.4%	1.0%	₹310.46 Cr	43.8%
Bank of India Liquid Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1317.91 Cr	7.4%
Bank of India S/T Income Direct Growth Moderate Risk	0.5%	0.0%	₹76.67 Cr	6.3%
Bank of India Manufacturing and Infrastructure fund Direct Growth Very High Risk	1.0%	1.0%	₹293.80 Cr	63.3%
Bank of India Tax Advantage Fund Direct Growth Very High Risk	1.2%	0.0%	₹1297.72 Cr	56.4%
Bank of India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.9%	0.0%	₹240.88 Cr	6.7%
Bank of India Credit Risk Fund Direct Growth Moderately High risk	1.1%	4.0%	₹137.49 Cr	7.0%
Bank of India Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹1052.37 Cr	52.0%
Bank of India Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹51.46 Cr	6.9%
Bank of India Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹28.97 Cr	7.5%

Risk Level

Your principal amount will be at Low Risk

Still got questions?
We're here to help.

What is the current NAV of Bank of India Overnight Fund Direct Growth?

The NAV of Bank of India Overnight Fund Direct Growth, as of 18-May-2024, is ₹1224.47.

What are the returns of Bank of India Overnight Fund Direct Growth?

The fund has generated 6.87% over the last 1 year and 5.42% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Bank of India Overnight Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 100.00% in cash and cash equivalents.

Who manages the Bank of India Overnight Fund Direct Growth?

The fund managers responsible for Bank of India Overnight Fund Direct Growth are:-

Mithraem Bharucha

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Bank of India Overnight Fund Direct Growth

Fund Overview