Bank of India Short Term Fund
- NAV as on 25 Sep 2026
- ₹28.40-0.02%1 day
- Return since launch
- 5.9%
- 52-week range
- ₹27.13 — ₹28.45
- AUM
- ₹260 Cr
Bank of India Short Term Fund is a Short Duration debt fund from Bank of India Mutual Fund with ₹260 Cr under management, launched in 2008. Over three years it has returned 6.4% a year, against 6.7% for its category. The expense ratio is 1.19% and the SEBI riskometer reading is Low to Moderate.
Performance
Bank of India Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.6% against +4.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.8% | +0.1 pts | 4.7% | 4.8% |
| 2Y | 5.5% | +0.1 pts | 5.4% | 5.5% |
| 3Y | 6.4% | −0.3 pts | 6.7% | 6.2% |
| 5Y | 8.0% | +1.9 pts | 6.0% | 6.3% |
| 7Y | 8.4% | +2.2 pts | 6.2% | 6.0% |
| 10Y | 6.6% | +0.3 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | 0.0 pts | 0.1% | 0.1% |
| 3M | 0.8% | +0.2 pts | 0.6% | 0.6% |
| 6M | 3.0% | +0.1 pts | 2.9% | 3.0% |
| 1Y | 4.6% | 0.0 pts | 4.7% | 4.8% |
| 2Y | 6.8% | +0.6 pts | 6.2% | 6.3% |
| 3Y | 7.0% | +0.3 pts | 6.7% | 6.8% |
| 5Y | 10.3% | +4.2 pts | 6.0% | 5.8% |
| 7Y | 7.8% | +1.5 pts | 6.4% | 6.2% |
| 10Y | 5.2% | −1.1 pts | 6.3% | 6.4% |
Since launch (3 Dec 2008): 5.9%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.0% | −1.1 pts | 8.1% |
| 2024 | 9.0% | +0.7 pts | 8.3% |
| 2023 | 6.0% | −1.4 pts | 7.3% |
| 2022 | 26.9% | +22.0 pts | 5.0% |
| 2021 | 3.1% | −1.5 pts | 4.5% |
| 2020 | -1.1% | −10.9 pts | 9.8% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.19%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.00%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.18%
- Exit load
- Exit load of 1% if units in excess of 10% of the initial units allotted are redeemed within 6 months
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Short Duration Debt A-II Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.74 | 0.94 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.50 | 1.59 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.59 | 1.35 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bank of India Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt94.7%
- Other5.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Power Finance Corporation Ltd. | Financial | 8.06% | ₹20.96 Cr | +2.24% | +1.79% | +2.26% |
| LIC Housing Finance Ltd. | Financial | 7.63% | ₹19.84 Cr | +7.40% | +7.13% | +7.38% |
| L&T Finance Ltd. | Financial | 7.39% | ₹19.24 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 5.77% | ₹15.00 Cr | +7.52% | +7.28% | +7.52% |
| Others | Others | 5.58% | ₹14.52 Cr | +0.87% | +0.84% | +0.48% |
| Canara Bank | Financial | 5.57% | ₹14.49 Cr | — | — | +3.97% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.46% | ₹14.20 Cr | +5.54% | +5.38% | +3.75% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 4.58% | ₹11.92 Cr | +4.43% | +4.30% | — |
| Godrej Industries Ltd. | Consumer Staples | 3.85% | ₹10.03 Cr | +3.75% | +3.61% | +3.75% |
| Indian Railway Finance Corporation Ltd. | Financial | 3.83% | ₹9.98 Cr | +3.72% | +3.62% | +3.74% |
| HDFC Bank Ltd. | Financial | 3.79% | ₹9.87 Cr | — | +1.74% | +1.74% |
| ICICI Securities Ltd. | Financial | 3.70% | ₹9.62 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 3.26% | ₹8.48 Cr | +2.62% | +2.54% | +2.64% |
| GOI | Sovereign | 1.96% | ₹5.09 Cr | +1.90% | +1.85% | +1.89% |
| Vedanta Ltd. | Metals & Mining | 1.95% | ₹5.06 Cr | +1.88% | +1.81% | +1.85% |
| Bajaj Finance Ltd. | Financial | 1.92% | ₹5.01 Cr | +1.87% | +1.81% | +1.87% |
| Punjab State | Others | 1.86% | ₹4.84 Cr | +1.79% | +1.75% | — |
| Godrej Housing Finance Ltd. | Financial | 1.85% | ₹4.81 Cr | +1.76% | — | — |
| Punjab National Bank | Financial | 1.11% | ₹2.90 Cr | +2.57% | +1.79% | +5.45% |
| Reserve Bank of India | Financial | 0.72% | ₹1.86 Cr | +0.69% | +0.65% | +0.09% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bank Of Baroda | 7.17% | 0.00% | -7.17% |
| Power Finance Corporation Ltd. | 2.22% | 8.06% | +5.84% |
| AU Small Finance Bank Ltd. | 1.82% | 0.00% | -1.82% |
| L&T Finance Ltd. | 7.02% | 7.39% | +0.37% |
| LIC Housing Finance Ltd. | 7.30% | 7.63% | +0.33% |
| Punjab National Bank | 1.42% | 1.11% | -0.31% |
| Canara Bank | 5.29% | 5.57% | +0.28% |
| Small Industries Devp. Bank of India Ltd. | 5.19% | 5.46% | +0.27% |
| ICICI Securities Ltd. | 3.51% | 3.70% | +0.19% |
| Torrent Pharmaceuticals Ltd. | 4.39% | 4.58% | +0.19% |
| HDFC Bank Ltd. | 3.60% | 3.79% | +0.19% |
| Muthoot Finance Ltd. | 3.69% | 3.86% | +0.17% |
| Godrej Industries Ltd. | 3.69% | 3.85% | +0.16% |
| Indian Railway Finance Corporation Ltd. | 3.69% | 3.83% | +0.14% |
| Godrej Housing Finance Ltd. | 1.76% | 1.85% | +0.09% |
| GOI | 1.87% | 1.96% | +0.09% |
| Vedanta Ltd. | 1.86% | 1.95% | +0.09% |
| Bajaj Finance Ltd. | 1.84% | 1.92% | +0.08% |
| Punjab State | 1.80% | 1.86% | +0.06% |
| National Bank For Agriculture & Rural Development | 1.29% | 1.34% | +0.05% |
| Reserve Bank of India | 0.68% | 0.72% | +0.04% |
| Others | 0.29% | 0.30% | +0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹11,181 Cr | 0.91% | 5.1% | 6.5% | 6.7% |
 ICICI Prudential Short Term Fund | ₹19,403 Cr | 1.05% | 5.1% | 6.6% | 6.8% |
 HDFC Short Term Fund | ₹14,486 Cr | 0.72% | 4.8% | 6.4% | 6.7% |
 Bandhan Short Term Fund | ₹8,731 Cr | 0.87% | 5.8% | 6.7% | 6.7% |
 Axis Short Term Fund | ₹7,501 Cr | 0.93% | 5.0% | 6.6% | 6.7% |
 Aditya Birla Sun Life Short Term Fund | ₹5,782 Cr | 0.96% | 4.7% | 6.3% | 6.5% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate reasonable returns by investing in debt and money market instruments. The scheme would not be investing more than 70% into securities having average maturity of more than 370 days.
Fund managers
- Mithraem BharuchaMr. Bharucha is a BMS and MBAPrior to joining Bank of India Mutual Fund, he has worked with YES Asset Management (India) Limited and BNP Paribas Asset Management India Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.00% absolute | ₹60,000 | ₹61,800 | 3.00% | |
| 1 year4.63% annualised | ₹1,20,000 | ₹1,23,052 | 2.54% | |
| 3 years6.98% annualised | ₹3,60,000 | ₹4,01,503 | 11.53% | |
| 5 years10.28% annualised | ₹6,00,000 | ₹7,86,811 | 31.14% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.