Bank of India Ultra Short Duration Fund
The fund aims to generate reasonable market related returns by investing in Money Market instruments. Also seeks to provide high liquidity to investors. The scheme would be investing more than 50% into instruments having maturity less than or equal to 1 year and rest having maturity more than 1 year with low /medium risk appetite.
Growthvine rating: 1/5 — ranked #30 of 31 in category.
Fund basics
| Category | Debt: Ultra Short Duration |
|---|---|
| NAV | ₹3375.19 (as of 2026-08-21) |
| AUM | ₹168 Cr |
| Expense ratio | 0.85% |
| Riskometer | Low to Moderate |
| Fund manager | Mithraem Bharucha |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 5.73% |
|---|---|
| Sharpe ratio | 1.12 |
| Standard deviation | 0.40% |
| Max drawdown | -0.77% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 84.4% of NIFTY Ultra Short Duration Debt Index's upside and — of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 3.8% | Q3 | #18 of 30 |
| 2025 | 6.5% | Q3 | #19 of 25 |
| 2024 | 6.7% | Q4 (Bottom) | #21 of 24 |
| 2023 | 6.2% | Q4 (Bottom) | #21 of 24 |
| 2022 | 4.4% | Q2 | #11 of 23 |