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Bank of India Ultra Short Duration Fund-Direct (IDCW-W)

Ultra Short Duration Fund
Invest Now

  • NAV

    1007.60(0.03%)

  • Fund Size (CR)

    ₹154.61

  • Expense Ratio

    0.34

  • Scheme Type

    Active Fund

  • Value Research

    -

  • Min. investment

    ₹5,000

  • Minimum Additional Investment

    ₹1,000

  • Minimum SIP Investment

    ₹1,000

  • Minimum Withdrawal

    ₹1,000

  • Exit Load Nil

    0%

  • Return Since Launch

    7.58%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: -0.02%
Annualized Return: 0% [object Object]

Basic Details

Scheme Manager

Mithraem Bharucha

Bench Mark

CRISIL Ultra Short Duration Debt A-I Index

Type

OPEN

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 16 April 202510002.530.03%-0.13%194/216
1 Month21 March 202510012.150.12%-0.87%205/216
3 Month23 January 202510128.401.28%-1.94%194/216
6 Month23 October 202410274.842.75%-3.62%201/216
1 Year23 April 202410640.586.41%6.41%7.22%188/211
3 Year22 April 202211986.5919.87%6.21%6.54%167/211
5 Year23 April 202012928.2329.28%5.27%5.65%152/197
Since Inception22 January 201324475.97144.76%7.58%6.14%23/216

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year2 May 20241,20,000291885.22143.24% 143.24%
3 Year2 May 20223,60,000875863.93143.30% 34.50%
5 Year4 May 20206,00,0001460077.57143.35% 19.47%
10 Year5 May 201512,00,0002920965.18143.41% 9.30%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

  • Investment type
  • Scheme based
  • SIP
  • Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

  • Invested Amount

    ₹25,000

  • Estimated Returns

    ₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

0.13%

Standard Deviation

0.01%

Beta

0.11%

Sharpe Ratio

-24.88%

Treynor's Ratio

0.01%

Jension's Alpha

Asset Allocation

Sector Allocation

There is no Sector Allocation data

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
There's no data available of Stock Holdings

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
Bank of India Ultra Short Duration Fund-Direct (IDCW-W)
154.610.12%1.28%2.75%6.41%6.21%
HSBC Ultra Short Duration Fund - Dir (IDCW-W) RI
2259.770.87%2.05%4.88%8.61%7.31%
Tata Ultra Short Term Fund - Direct (IDCW-W) RI
3937.601.18%2.23%4.15%8.31%7.04%
Sundaram Ultra Short Duration Fund - Direct (IDCW-M)
1723.330.52%1.69%4.20%8.21%6.98%
Aditya Birla SL Savings Fund - Direct (IDCW-W)
13293.681.32%2.29%4.23%8.19%7.33%
Aditya Birla SL Savings Fund - Direct (G)
13293.681.13%2.29%4.23%8.19%7.24%

List of Schemes under Bank of India Mutual Fund

Fund NameCategoryRisk1Y ReturnsRatingsFund Size (Cr)
Bank of India Midcap Tax Fund - Series 2EquityVery High1.82%0₹29.90
Bank of India Business Cycle FundEquityVery High0%0₹514.97
Bank of India Arbitrage FundHybridLow7.47%1₹43.72
Bank of India Small Cap FundEquityVery High10.07%4₹1,574.18
Bank of India Midcap Tax Fund - Series 1EquityVery High0.87%0₹56.79
Bank of India Consumption FundEquityVery High0%0₹388.42
Bank of India Bluechip FundEquityVery High1.53%3₹184.13
Bank of India ELSS Tax SaverEquityVery High0.16%4₹1,319.59
Bank of India Large & Mid Cap Equity FundEquityVery High5.76%2₹362.39
Bank of India Flexi Cap FundEquityVery High4.16%4₹1,962.03
Bank of India Money Market FundDebtModerately Low0%0₹134.49
Bank of India Short Term Income FundDebtModerately Low11.04%0₹120.49
Bank of India Overnight FundDebtLow6.69%5₹50.36
Bank of India Mid & Small Cap Equity & Debt FundHybridVery High7.18%4₹1,067.62
Bank of India Manufacturing & Infrastructure FundEquityVery High4.95%4₹513.93
Bank of India Liquid FundDebtModerately Low7.39%4₹1,810.18
Bank of India Conservative Hybrid FundHybridModerate5.35%3₹67.72
Bank of India Ultra Short Duration FundDebtModerate7.47%1₹197.34
Bank of India Multi Cap FundEquityVery High8.42%0₹778.03
Bank of India Multi Asset Allocation FundHybridVery High8.69%0₹334.40
Bank of India Credit Risk FundDebtModerately High5.9%2₹109.50
Bank of India Balanced Advantage FundHybridVery High3.34%2₹132.04

News

  • Bank of India Mutual Fund announces change in Key Personnel

    Bank of India Mutual Fund has announced that Mr. Subrat Kumar has been appointed as an Associate Director on the Board of the Trustee Company with effect from April 01, 2025.

    Details of Mr. Subrat Kumar,

    Age: 54 years

    Designation: Associate Director

    Qualification:' B.Sc, MBA in Finance, CAIIB

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

21 January 2013

Total AUM (Cr)

₹197.34

Bank of India Ultra Short Duration Fund-Direct (IDCW-W) is an Ultra Short Duration Fund-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in 21 January 2013, this fund is managed by Mithraem Bharucha. With assets under management (AUM) worth ₹197.34 (Cr), as of 24 April 2025, Bank of India Ultra Short Duration Fund-Direct (IDCW-W) is categorized as a Ultra Short Duration Fund within its segment. The fund has generated a return of 7.58% since its launch.
The current NAV of Bank of India Ultra Short Duration Fund-Direct (IDCW-W) is ₹1,007.6, as on 24 April 2025. The fund's benchmark index is CRISIL Ultra Short Duration Debt A-I Index. You can invest in Bank of India Ultra Short Duration Fund-Direct (IDCW-W) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1,000 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated 6.21% and 5.27% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 98.96% in Debt and 1.04% in cash and cash equivalents.

FAQs

How to Invest in Bank of India Ultra Short Duration Fund-Direct (IDCW-W) Direct Growth?

Bank of India Ultra Short Duration Fund-Direct (IDCW-W) is a popular fund in the Ultra Short Duration Fund segment. The fund has generated a return of 7.58% since inception. Looking to invest in Bank of India Ultra Short Duration Fund-Direct (IDCW-W) How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Ultra Short Duration Fund-Direct (IDCW-W) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Bank of India Ultra Short Duration Fund-Direct (IDCW-W)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Bank of India Ultra Short Duration Fund-Direct (IDCW-W) today and reap the benefits of this Ultra Short Duration Fund fund!

How much returns has Bank of India Ultra Short Duration Fund-Direct (IDCW-W) Direct Growth generated?

In the short term, i.e., 1 year, Bank of India Ultra Short Duration Fund-Direct (IDCW-W) has generated annualised return of 6.41%. In the long-term, the fund has generated 6.21% and 5.27% in 3 and 5 years respectively. Since its inception, the fund has generated 7.58% returns.

What is the expense ratio of Bank of India Ultra Short Duration Fund-Direct (IDCW-W) Direct Growth?

The expense ratio of Bank of India Ultra Short Duration Fund-Direct (IDCW-W) Direct Growth is 0.34%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of Bank of India Ultra Short Duration Fund-Direct (IDCW-W) Fund Direct Growth?

The Assets Under Management (AUM) of Bank of India Ultra Short Duration Fund-Direct (IDCW-W) is ₹197.34 (Cr) as of 2025-04-24 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Bank of India Ultra Short Duration Fund-Direct (IDCW-W) Direct Growth?

Redeeming or selling units of Bank of India Ultra Short Duration Fund-Direct (IDCW-W) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.


To redeem from Bank of India Ultra Short Duration Fund-Direct (IDCW-W):
  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Bank of India Ultra Short Duration Fund-Direct (IDCW-W)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.