Should I invest in BANK OF INDIA Short Term Income Fund?

We don't give personal investment advice. BANK OF INDIA Short Term Income Fund-Direct Plan- Growth is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.8%. 5-year CAGR: 10.78%.

Bank of India

BANK OF INDIA Short Term Income Fund-Direct Plan- Growth

Latest NAV

₹30.8671

As of

17 Jul 2026

3,266 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.02%	+0.02%	+0.01	8 / 27	Q2
1W	0.00%	+6.43%	-6.44	13 / 27	Q2
2W	-0.02%	+6.40%	-6.42	8 / 27	Q2
1M	+0.69%	+7.80%	-7.11	17 / 27	Q3
3M	+1.78%	+8.94%	-7.16	18 / 27	Q3
6M	+3.11%	+10.38%	-7.27	21 / 27	Q4
YTD	+2.99%	+10.58%	-7.59	19 / 26	Q3
1Y	+5.48%	+12.69%	-7.22	13 / 26	Q2
2Y	+8.09%	+10.06%	-1.98	2 / 25	Q1
3Y	+7.64%	+8.98%	-1.33	9 / 25	Q2
4Y	+9.16%	+8.59%	+0.57	2 / 24	Q1
5Y	+10.78%	+7.87%	+2.91	2 / 22	Q1
7Y	+7.03%	+7.72%	-0.69	9 / 20	Q2
10Y	+5.91%	+7.78%	-1.87	17 / 17	Q4
Inception	+6.87%	+7.61%	-0.74	21 / 27	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+2.99%	+3.11%	-0.12	17 / 24
2025	+7.60%	+15.76%	-8.16	23 / 24
2024	+9.70%	+8.00%	+1.71	1 / 24
2023	+6.39%	+7.29%	-0.89	24 / 24
2022	+27.43%	+4.91%	+22.52	1 / 22
2021	+3.43%	+4.77%	-1.34	14 / 19
2020	-0.57%	+8.81%	-9.38	19 / 20
2019	-12.80%	+6.89%	-19.69	19 / 19
2018	+6.50%	+6.62%	-0.12	12 / 18
2017	+7.06%	+6.64%	+0.42	4 / 18
2016	+10.96%	+10.25%	+0.71	3 / 18

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+7.24%

153 windows

min -17.9% · max 28.2%

88% positive

3-Year rolling

+6.69%

129 windows

min -3.8% · max 14.6%

78% positive

5-Year rolling

+5.72%

105 windows

min 0.3% · max 10.9%

100% positive

7-Year rolling

+4.80%

80 windows

min 3.0% · max 7.0%

100% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

1.52%

3-year · annualised

Sharpe ratio

0.61

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.56%

Mar 2026 → Apr 2026

% positive months

97.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Short Term Debt Fund - Growth Option - Direct Plan	HDFC	₹35.2293	17 Jul 2026
Nippon India Short Duration Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹61.2321	17 Jul 2026
SBI SHORT TERM DEBT FUND - DIRECT PLAN -GROWTH	SBI	₹36.2894	17 Jul 2026
ICICI Prudential Short Term Fund - Direct Plan - Growth Option	ICICI Prudential	₹70.3253	17 Jul 2026
Invesco India Short Duration Fund - Direct Plan - Growth	Invesco	₹4,183.9599	17 Jul 2026
Bandhan Short Duration Fund - Direct Plan - Growth	Bandhan	₹65.4060	17 Jul 2026
Aditya Birla Sun Life Short Term Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹54.9595	17 Jul 2026
Franklin India Short Tem Income Plan - Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23Dec21) - Direct Retail Plan Growth Option	Franklin India	₹0.0000	17 Jul 2026
Mirae Asset Short Duration Fund - Direct Plan - Growth	Mirae Asset	₹17.7217	17 Jul 2026
Kotak Bond Short Term Plan-(Growth) - Direct	Kotak	₹60.9953	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹30.8671
16 Jul 2026	₹30.8597
15 Jul 2026	₹30.8442
14 Jul 2026	₹30.8309
13 Jul 2026	₹30.8702
10 Jul 2026	₹30.8677
9 Jul 2026	₹30.8446
8 Jul 2026	₹30.8330
7 Jul 2026	₹30.8731
6 Jul 2026	₹30.8864

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of BANK OF INDIA Short Term Income Fund-Direct Plan- Growth is ₹30.8671. It's a Short Duration Fund from Bank of India, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

BANK OF INDIA Short Term Income Fund-Direct Plan- Growth has NAV history starting from 03 Jan 2013, a track record of about 13 years 6 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

BANK OF INDIA Short Term Income Fund-Direct Plan- Growth is managed by Bank of India. It's classified by AMFI under the 'Short Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, BANK OF INDIA Short Term Income Fund-Direct Plan- Growth has delivered a absolute return of 5.48% — -7.22 pp behind the Short Duration Fund category average of 12.69%. The fund ranks #13 of 26 in its category — the second (Q2) quartile.

Over the trailing 3-year window, BANK OF INDIA Short Term Income Fund-Direct Plan- Growth has delivered a CAGR of 7.64% — -1.33 pp behind the Short Duration Fund category average of 8.98%. The fund ranks #9 of 25 in its category — the second (Q2) quartile.

Over the trailing 5-year window, BANK OF INDIA Short Term Income Fund-Direct Plan- Growth has delivered a CAGR of 10.78% — +2.91 pp ahead of the Short Duration Fund category average of 7.87%. The fund ranks #2 of 22 in its category — the top (Q1) quartile.

₹1 lakh invested in BANK OF INDIA Short Term Income Fund-Direct Plan- Growth exactly 10 years ago would be worth approximately ₹177,637 today — a multiplier of 1.78×, based on the 10-year CAGR of 5.91%. The category average over the same window would have grown ₹1 lakh to ₹211,578.

A ₹10,000 monthly SIP in BANK OF INDIA Short Term Income Fund-Direct Plan- Growth over the last 5 years — total invested ₹600,000 — would be worth ₹753,413 today. That's an XIRR (money-weighted annualised return) of 9.04%.

A ₹10,000 monthly SIP for 10 years in BANK OF INDIA Short Term Income Fund-Direct Plan- Growth = ₹1,200,000 invested. It would currently be worth ₹1,733,244 (multiplier 1.44×). XIRR: 7.14%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, BANK OF INDIA Short Term Income Fund-Direct Plan- Growth ranks #2 out of 22 funds in the Short Duration Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 7.87%; this fund delivered 10.78%.

The worst peak-to-trough decline BANK OF INDIA Short Term Income Fund-Direct Plan- Growth has experienced over the last 5-year window is 0.78% — its NAV fell from a high on 07 Apr 2022 to a low on 06 May 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, BANK OF INDIA Short Term Income Fund-Direct Plan- Growth averaged 5.72% (best 10.90%, worst 0.34%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.55 — reasonable risk-adjusted performance.

In calendar year 2025, BANK OF INDIA Short Term Income Fund-Direct Plan- Growth returned 7.60% — lagging the Short Duration Fund category average of 15.76% by 8.16 pp. It ranked #23 of 24 in its category that year.

BANK OF INDIA Short Term Income Fund-Direct Plan- Growth is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. BANK OF INDIA Short Term Income Fund-Direct Plan- Growth is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.8%. 5-year CAGR: 10.78%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.