NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Bank of India Short Term Income Fund Growth for NRI [25.51]

Min Investment

₹5,000

Fund Size

₹71.7 Cr

Expense Ratio

1.0%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹25.51

0.04%

NAV as on 19 Nov 24, 12:00 AM

moderate risk

short duration

debt

NAV as on 19 Nov 24, 12:00 AM

moderate risk

short duration

debt

9.25%p.a.

Last 1Y

13.46%p.a.

Last 3Y

8.39%p.a.

Last 5Y

5.94%p.a.

Since Inception

About Bank of India Short Term Income Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Bank of India Short Term Income Fund Growth scheme from Bank of India Investment Managers Private Limited. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Dec 2008, Bank of India Short Term Income Fund Growth is Short Duration fund of its category with 71.7 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.

  • Bank of India Short Term Income Fund Growth delivered 9.3% annual returns during the last year. It has delivered 5.9% average annual returns since the fund was launched.
  • Bank of India Short Term Income Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.

Top 10 Holdings

National Bank for Agriculture and Rural Development 7.68%

9.85%

Power Finance Corp Ltd. 7.6%

8.45%

Small Industries Development Bank Of India

8.42%

Bajaj Finance Ltd. 8.1167%

7.02%

6.79% Govt Stock 2034

5.57%

7.1% Govt Stock 2034

4.73%

Tata Capital Housing Finance Limited

4.19%

7.26% Govt Stock 2033

2.86%

364 Day T-Bill 30.01.25

2.26%

Corporate Debt Market Development Fund

0.33%

Fund Managers

  1. Mithraem Bharucha (Aug 2021 - Present)

Key Information

View Scheme Document

Bank of India Short Term Income Fund Growth SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Bank of India Short Term Income Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Bank of India Short Term Income Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Bank of India Short Term Income Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

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