NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹3032.28
0.02%
NAV as on 19 Nov 24, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 19 Nov 24, 12:00 AM
low to moderate risk
ultra short duration
debt
6.63%p.a.
Last 1Y
5.64%p.a.
Last 3Y
5.04%p.a.
Last 5Y
7.02%p.a.
Since Inception
About Bank of India Ultra Short Duration Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Ultra Short Duration Fund Plan Growth scheme from Bank of India Investment Managers Private Limited. 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 Plan Growth is Ultra Short Duration fund of its category with 174.32 Cr fund under management as on Nov 2024. 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 Plan Growth delivered 6.6% 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 Plan 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
ICICI Bank Ltd.
7.66%
LIC Housing Finance Ltd
5.72%
Power Finance Corporation Ltd.
5.71%
Godrej Industries Limited
5.70%
India (Republic of)
5.28%
91 Day T-Bill 15.11.24
2.86%
364 DTB 28112024
2.85%
HDFC Bank Limited
2.29%
364 Day T-Bill 30.01.25
0.56%
Corporate Debt Market Development Fund
0.24%
Fund Managers
- Mithraem Bharucha (Aug 2021 - Present)
Key Information
View Scheme Document
Bank of India Ultra Short Duration Fund Plan Growth SIP Calculator
If invested
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 Plan Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Bank of India Ultra Short Duration Fund Plan 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 Plan 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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Frequently Asked Questions
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