Data as on 04th feb 2025

Bank Of India Overnight Fund

  • Fund Type : An open ended debt scheme investing in overnight securities. A Relatively Low Interest Rate Risk and A Relatively Low Credit Risk.
    Entry Load : NA
    Date of Allotment : January 28, 2020
    Features : Liquity SIP SWP STP
  • Benchmark :
    Tier 1: CRISIL Liquid Overnight Index
    Exit Load :
    Nil

Investment Objective

The investment objective of the scheme is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not assure or guarantee any returns.

Fund Manager

  • Mr. Mithraem Bharucha

    BMS and MBA

    Alok singh
    See detail

Fund Highlights

Advantages of an Overnight Fund:

  • High Liquidity: Fund stands to provides highest liquidity within the Fixed Income mutual Fund Product segment with redemption on T+1 basis
  • No Lock in Period and No Exit Load: It offers overnight liquidity without any exit load
  • Lowest Risk Fund: This Fund category has lowest mark to market risk and lowest credit default risk
  • Stable returns: Fund is positioned to deliver consistent returns compared to other Fixed Income instruments
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  • Click here for SID

Riskometer

Scheme Riskometer:

 

The above Riskometer is based on the portfolio as on 31st March, 2026.

This product is suitable for investors who are seeking*:

  • Income over short term with low risk and high liquidity
  • Investments in overnight securities having residual maturity of 1 business day.

Benchmark Riskometer: Tier 1: CRISIL Liquid Overnight Index:

*Investor should consult their financial advisor if in doubt about whether the product is suitable for them

The above Benchmark Riskometer is based on the portfolio as on 31st March, 2026.

Potential Risk Class Matrix
Credit Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest rate Risk
Relatively Low (Class I) A-I
Moderate (Class II)
Relatively High (Class III)

Note: Annualized data for returns and Standard deviation as of Jan 16, 2019

  • Scheme
  • Benchmark

Fund Performance

Total Expense Ratio

Performance(Regular Plan - Growth Option & Direct Plan - Growth Option)

Current Value of Standard Investment of Rs 10000 in the
Date NAV Per Unit(Rs.) Scheme Returns(%)^ Benchmark Returns #(%) Additional Benchmark Returns # #(%) Scheme (Rs) Benchmark #(Rs) Additional Benchmark # # (Rs)
7 days 1362.1267 6.73 % 5.58 % 1.51 % 10013 10010 10003
15 days 1360.6140 5.85 % 5.39 % 2.26 % 10023 10022 10009
30 days 1357.7073 5.36 % 5.14 % 2.49 % 10044 10043 10021
1 yrs 1292.0706 5.56 % 5.47 % 5.30 % 10556 10547 10530
3 yrs 1133.1889 6.37 % 6.32 % 6.66 % 12036 12019 12136
5 yrs 1039.7127 5.57 % 5.56 % 5.64 % 13617 13109 13158
Since inception 1000.0000 5.15 % 5.12 % 5.59 % 13639 13614 13994
6 Months 1328.6897 5.31 % 5.22 % 3.96 % 10273 10269 10261
3 Months 1346.7758 5.15 % 5.05 % 3.43 % 10125 10122 10084

^ Past performance may or may not be sustained in the future
# CRISIL Liquid Overnight Index
# # CRISIL 1 Year T-Bill Index

^ Past performance may or may not be sustained in the future. *Date of Allotment - January 28, 2020.
Above returns are in Compounded Annual Growth Rate (CAGR).
@ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns.

1. Mr. Mithraem Bharucha has been managing this scheme w.e.f. August 17, 2021. In addition to this scheme, he manages 4 open ended schemes and co-manages 1 open ended scheme of Bank of India Mutual Fund.
2. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication.
3. Different plans shall have a different expense structure.

IDCW History (Regular Plan - Annual Dividend)

Record Date IDCW (`/Unit)
30-June-2021 2.90651261
30-June-2021 2.9065
29-July-2021 2.45378151
29-July-2021 2.45378151
CLICK HERE TO VIEW THE IDCW HISTORY
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