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BANK OF INDIA Overnight Fund Direct Plan- Monthly IDCW

Bank of India · Overnight
Low
₹1004.68
Current NAV
28 Jun 2026
26.2%
1Y Return
13.2%
3Y CAGR
16.2%
5Y CAGR
Watchlist
Analysis & Suitability
Pros / Upsides
  • Exceptional short-term performance with a 1-year return exceeding 20%.
  • Highly cost-efficient with a low expense ratio of 0.22%.
  • Generates significant excess returns relative to benchmark index (Alpha: 3.42).
  • Very large asset base (AUM: ₹16,470 Cr) indicating high investor trust and liquidity.
Cons / Risks
  • Returns are subject to standard market fluctuations and interest rate risks.
  • No indexation benefits under current tax laws for short holding periods.
Suitable for
  • Systematic investments (SIP) for long-term target goal-based planning.
Not suitable for
  • Short-term trading or speculative investment horizons.
Risk Profile: Low Risk
Low Moderate High Very High
Risk Metrics
0.92
Sharpe Ratio
0.82
Beta
3.42
Alpha
1.12
Sortino
Fund Details
Fund House Bank of India
Category Overnight
AUM ₹16470 Cr
Expense Ratio 0.22%
Min SIP ₹500
Min Lumpsum ₹1000
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