Investment Objective and Approach

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. Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year - 3 years.

This product is suitable for investors who are seeking Regular income over short to medium term. The fund adopts a conservative approach by maintaining portfolio duration within the short-term category, making it appropriate for investors with moderate risk appetite and investment horizons of 1-3 years.

It endeavors to provide returns that are higher than those of ultra short term income funds by maintaining a higher portfolio duration. The strategy focuses on generating steady income while managing interest rate risk through careful portfolio construction and duration management.

Key investment characteristics:

- Category: Short Duration Debt Fund

- Duration: Macaulay duration of the portfolio is between 1 year - 3 years

- Risk Level: Moderate Risk

- Benchmark: CRISIL Short Duration Debt A-II Index

Fund Manager

This scheme was currently managed by its fund manager Mithraem Bharucha. Mithraem Bharucha joined Bank of India Investment Managers in August 2021 and has more than 14 years of experience in the fixed income markets- trading and portfolio management.

Professional Background:

- Prior to Bank of India Investment Managers, he was associated with organizations such as YES Mutual Fund and BNP Paribas Mutual fund.

- His qualifications include Bachelor's degree in Management Studies from Mumbai University and Master's in Business Administration with specialization in Finance.

Expertise Areas:

- Fixed income securities trading

- Portfolio management and optimization

- Cash management strategies

- Market analysis and risk assessment

About the Fund House (AMC)

Bank of India Investment Managers Private Limited is a wholly-owned subsidiary of Bank of India. Bank of India Investment Managers Private Limited (Formerly BOI Star Investment Managers Private Limited) (Formerly BOI AXA Investment Managers Private Limited) is a wholly-owned subsidiary of Bank of India (BOI).

Company Overview:

- With over 14 years of experience in fund management, the Bank of India Investment Managers Private Limited has always ensured to meet the investment objectives of its investors.

- It offers approx 17 varied Mutual Fund Schemes diversified across various sectors.

- As of June 30, 2023, the mutual fund's Assets Under Management (AUM) stood at over ₹6,554.90 crores.

Leadership Team:

- The leading squad of the Bank of India Mutual Fund includes Mr Mohit Bhatia as CEO/MD, Mr Alok Singh as CIO, and Ms Roshni Pawar as Investor Service Officer.

Fund House Strengths:

- Strong banking heritage with Bank of India's backing

- Comprehensive range of investment solutions across asset classes

- Experienced management team with deep market knowledge

- Focus on delivering consistent risk-adjusted returns

Should I Invest in Bank of India Short Term Income Fund?

Investment Suitability:

This fund may be suitable for investors who:

- Seek regular income with moderate risk

- Have investment horizon of 1-3 years

- Want exposure to short-duration debt instruments

- Prefer professionally managed fixed income portfolios

Key Performance Highlights:

- The fund has delivered a CAGR of 6.99% since inception (as of August 2025)

- Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.03%, 10.18% and 10.81% respectively

- In the last 1 year, this fund has outperformed all funds in its category

Financial Metrics:

- AUM: ₹164.77 crore (as of August 2025)

- Expense Ratio: 0.45% (as of May 2025)

- Minimum SIP: ₹1000

- Minimum Lumpsum: ₹5,000

Risk Considerations:

- Interest rate risk due to debt securities exposure

- Credit risk from underlying securities

- The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

FAQs

What is today's NAV of Bank of India Short Term Income Fund?

The latest NAV varies daily. You can check the current NAV on mutual fund platforms like Allvest or the official BOI Mutual Fund website for real-time updates.

What is the AUM of Bank of India Short Term Income Fund?

The AUM of Bank of India Short Term Income Fund is ₹164.77 crore as of recent data available in August 2025.

What is the expense ratio of Bank of India Short Term Income Fund?

The expense ratio of Bank of India Short Term Income Fund is 0.45% as of May 2025, which is competitive within the short duration debt category.

What are the returns of Bank of India Short Term Income Fund since inception?

The fund has delivered a CAGR of 6.99% since inception, launched on January 1, 2013.

What is the minimum SIP amount to invest in Bank of India Short Term Income Fund?

The min. SIP amount to invest in this scheme is ₹1000.

How do I invest in Bank of India Short Term Income Fund?

You can invest through Allvest's platform by completing KYC, selecting the fund, choosing your investment amount, and setting up payment methods for SIP or lumpsum investment.

How to start a SIP in Bank of India Short Term Income Fund?

Log into Allvest, search for the fund, select SIP option, choose investment amount and frequency, set up auto-debit mandate, and confirm your investment details.

How do I automate an SIP in Bank of India Short Term Income Fund?

Set up auto-debit through Allvest by linking your bank account, selecting auto-payment option during SIP setup, and authorizing recurring payments through bank mandate or UPI.

How can I withdraw/redeem my investment in Bank of India Short Term Income Fund?

You can redeem your investment through Allvest's platform by selecting the fund, choosing full or partial redemption, and the proceeds will be credited to your registered bank account within 1-3 working days.