3 Year return
5.44%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Low Risk
Asset Under Management
₹51.46 Cr.
Expense Ratio
0.08% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal within 3 years
Tax based on your income tax bracket
Withdrawal after 3 years
20% tax after indexation (adjusting for inflation)
Fund Holdings
Bank of India Mutual Fund Managers
Fund House Details
Bank of India Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Aditya Birla Sun Life Overnight Fund Direct Monthly Payout of IDCW Payout |
5.57% |
2.5 |
ICICI Prudential Overnight Fund Direct Plan Weekly IDCW Payout |
5.55% |
2 |
UTI Overnight Fund Direct Plan Periodic IDCW Payout |
5.36% |
4.5 |
Schemes by Bank of India Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Growth
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Annual IDCW Payout
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Annual IDCW Reinvestment
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Monthly IDCW Payout
Hybrid . Arbitrage Fund
Bank of India Arbitrage Fund Direct Plan Monthly IDCW Reinvestment
About Bank of India Overnight Fund Direct Plan Growth
The Bank of India Overnight Fund Direct Plan Growth is an open-ended debt mutual fund scheme that invests in overnight securities. Overnight securities are those that have a maturity of one day. This fund aims to generate income commensurate with low risk and high liquidity by investing in these securities. The Bank of India Overnight Fund Direct Plan Growth is an open-ended fund. The expense ratio of the Bank of India Overnight Fund Direct Plan Growth is lower than the category average.
Investment Objectives of the Scheme
The investment objective of the Bank of India Overnight Fund Direct Plan Growth is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.
Key Features of The Fund
5-year return | NA |
Expense Ratio | 0.08% |
Fund Manager | NA |
Fund Size | ₹51.46 Cr |
Risk Profile | Low |
Is This Scheme Right for Me?
This fund is suitable for investors who want to invest for very short term and are looking for an alternative to bank accounts/deposits. It is also suitable for investors who want to park their surplus funds for a few days or weeks. If you are looking for a safe and liquid investment option for your short-term funds, the Bank of India Overnight Fund Direct Plan Growth can be a good option. However, it is important to remember that all investments carry some risk. So, it is important to do your own research before investing.
AMC Contact Details
Name | Bank of India Mutual Fund |
Launch Date | March 2008 |
Addresss | Bank of India Investment Managers Private Limited, B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013. |
Contact | 022-612490001800 - 266 - 2676 1800 - 103 – 226391-22-61249024 |
service@boimf.in | |
Website | https://www.boimf.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
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What is the minimum SIP amount to invest in Bank of India Overnight Fund?
How do I invest in Bank of India Overnight Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Bank of India Overnight Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Bank of India Overnight Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Bank of India Overnight Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.