Bank of India Short Term Fund
Bank of India Mutual Fund · Best Short Duration Mutual Funds
This is the Direct plan of Bank of India Short Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★☆☆☆☆1/5 vs 22 of 23 Short Duration Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Short Duration Fund (same plan and option). 22 of the 23 Short Duration Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +7.59% · ranks 6 of 22 Short Duration Funds
Volatility 1.5% vs 0.9% category avg
0.5% expense vs 0.4% category avg
79% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 5-year return (+10.81%) beats the Short Duration Fund average (+6.45%)
Concerns
- Weaker risk-adjusted returns — Sharpe 0.74 below the Short Duration Fund average of 0.89
- More volatile than its Short Duration Fund peers (1.5% vs 0.9%)
- High expense ratio (0.54%) vs the Short Duration Fund average of 0.36%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Short Duration Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.12% | +0.18% | -0.06% |
| 3M abs | +0.78% | +0.66% | +0.12% |
| 6M abs | +3.23% | +3.18% | +0.05% |
| 1Y CAGR | +5.06% | +5.22% | -0.16% |
| 3Y CAGR | +7.59% | +7.36% | +0.23% |
| 5Y CAGR | +10.81% | +6.45% | +4.36% |
Category average across peers in Short Duration Fund (up to 23 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 23 peers in Short Duration Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Bank of India Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +3.73% | |
| 2025 | +7.59% | |
| 2024 | +9.69% | |
| 2023 | +6.43% | |
| 2022 | +27.43% | |
| 2021 | +3.46% | |
| 2020 | -0.51% | |
| 2019 | -12.86% | |
| 2018 | +6.60% | |
| 2017 | +7.23% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt94.72%
- Cash & Equivalents5.28%
AMC Profile
Bank of India Mutual Fund is run by Bank of India Investment Managers, wholly owned by the bank since its former joint-venture partner AXA Investment Managers exited — the house was branded BOI AXA until then. It runs a compact equity, hybrid and debt line-up.
Fund Managers
MBMithraem BharuchaManaging since 17 Aug 2021
BMS; MBA; CFA Level 1 and MCOM Part 1
Over 15 years of experience in Fixed Income market domain, Investment strategy development, Trade idea generation, Trade execution, Cash Management, Fixed Income portfolio monitoring, Cash flow verification. Experience Details: 1. Bank of India Investment Managers Private Limited (August 17, 2021 - present) 2. YES Asset Management (India) Limited (October 2017 to August 10, 2021) 3. BNP Paribas Asset Management India Pvt. Ltd. (March 2007 to October 2017)
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Short Duration funds
Short duration funds run a Macaulay duration of 1 to 3 years. Long enough to earn more than a liquid or ultra short fund, short enough that a rate move does not swing the NAV the way it does in a long duration fund.
From the blog
Short duration vs corporate bond funds in 2026
01 Oct 2026
In the year to 30 September 2026, the median short duration fund returned 5.26% and the median corporate bond fund 4.95%, with lower volatility too.
Short duration vs corporate bond funds: April 2026
21 Apr 2026
The median short duration fund returned 5.79% in the year to 20 April 2026 and the median corporate bond fund 5.37%. Both trailed liquid funds' 6.34%.
Frequently asked questions
What is the NAV of Bank of India Short Term Fund?
As of 01 Oct 2026, the NAV of Bank of India Short Term Fund is ₹31.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Bank of India Short Term Fund delivered?
Bank of India Short Term Fund has returned +5.06% over 1 year, +7.59% per year over 3 years, +10.81% per year over 5 years and +6.83% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Bank of India Short Term Fund?
Bank of India Short Term Fund charges an expense ratio of 0.54% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Bank of India Short Term Fund?
Bank of India Short Term Fund's largest holdings are 7.6% Power Finance Corporation Limited (13/04/2029) (8.1%), 6.94% Government of India (11/05/2036) (7.9%), 6.90% LIC Housing Finance Limited (17/09/2027) (7.6%), L&T Finance Limited (19/03/2027) (7.4%) and 6.48% Government of India (06/10/2035) (5.7%). Holdings are disclosed monthly and change over time.
How risky is Bank of India Short Term Fund?
Bank of India Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.5% and its worst peak-to-trough fall in our sample was -19.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.74 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bank of India Short Term Fund's 0.74 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Bank of India Short Term Fund?
Bank of India Short Term Fund is benchmarked against the CRISIL Short Duration Debt A-II Index. Its alpha and beta on this page are measured against that index.
Who manages Bank of India Short Term Fund?
Bank of India Short Term Fund is managed by Mithraem Bharucha at Bank of India.
How is Bank of India Short Term Fund taxed?
Bank of India Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.