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

INVEST VIA NRE/NRO

Bank of India Ultra Short Duration Fund -Growth for NRI [3270.97]

Min Investment

₹5,000

Fund Size

₹167.56 Cr

Expense Ratio

0.9%

Exit Load

0%

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

₹3270.97

0.00%

NAV as on 17 Feb 26, 12:00 AM

low to moderate risk

ultra short duration

debt

NAV as on 17 Feb 26, 12:00 AM

low to moderate risk

ultra short duration

debt

6.23%p.a.

Last 1Y

6.39%p.a.

Last 3Y

5.43%p.a.

Last 5Y

6.96%p.a.

Since Inception

About Bank of India Ultra Short Duration Fund -Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Bank of India Ultra Short Duration Fund -Growth scheme from Bank of India Mutual Fund. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Jul 2008, Bank of India Ultra Short Duration Fund -Growth is Ultra Short Duration fund of its category with 167.56 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.

  • Bank of India Ultra Short Duration Fund -Growth delivered 6.2% annual returns during the last year. It has delivered 7.0% average annual returns since the fund was launched.
  • Bank of India Ultra Short Duration 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 deliver reasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns.

Top 10 Holdings

Net Payables

-8.71%

Others Class A2 AIF

0.29%

364 Days Treasury Bill (MD 24/07/2025)

0.20%

AXIS BANK LIMITED CD 05SEP25

7.64%

AU SMALL FINANCE BANK LIMITED CD 01OCT25

5.07%

BHARTI TELECOM LIMITED 360D CP 17OCT25

7.08%

GOVERNMENT OF INDIA 35466 364 DAYS TBILL 15JN26 FV RS 100

1.26%

GOVERNMENT OF INDIA 35509 182 DAYS TBILL 31JL25 FV RS 100

3.26%

Indian Bank (04/02/2026)

5.16%

GOVERNMENT OF INDIA 35543 182 DAYS TBILL 07AG25 FV RS 100

4.70%

Fund Managers

  1. Mithraem Bharucha (Aug 2021 - Present)

Key Information

View Scheme Document

Bank of India Ultra Short Duration 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 Ultra Short Duration 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 Ultra Short Duration 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 Ultra Short Duration 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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