Should I invest in BANK OF INDIA Ultra Short Duration Fund?

We don't give personal investment advice. BANK OF INDIA Ultra Short Duration 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: 0.2%. 5-year CAGR: 5.98%.

Bank of India

BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth

Latest NAV

₹3,455.7769

As of

3 Jun 2026

3,235 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%	+0.03%	-0.01	26 / 27	Q4
1W	+0.20%	-3.38%	+3.58	19 / 28	Q3
2W	+0.24%	+0.19%	+0.04	4 / 27	Q1
1M	+0.34%	+0.31%	+0.03	6 / 27	Q1
3M	+1.56%	+1.58%	-0.02	6 / 27	Q1
6M	+2.91%	+3.00%	-0.09	10 / 27	Q2
YTD	+2.46%	+2.64%	-0.18	8 / 27	Q2
1Y	+6.07%	+2.55%	+3.53	21 / 28	Q3
2Y	+6.82%	+3.03%	+3.80	22 / 27	Q4
3Y	+6.77%	+7.07%	-0.30	24 / 26	Q4
4Y	+6.66%	+6.96%	-0.30	24 / 26	Q4
5Y	+5.98%	+6.42%	-0.44	24 / 25	Q4
7Y	+5.81%	+6.39%	-0.58	18 / 20	Q4
10Y	+6.54%	+6.51%	+0.03	8 / 11	Q3
Inception	+7.26%	+2.98%	+4.28	9 / 28	Q2

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	+2.46%	+2.39%	+0.07	6 / 25
2025	+6.97%	+7.21%	-0.24	22 / 25
2024	+7.12%	+7.61%	-0.49	23 / 24
2023	+6.70%	+7.20%	-0.51	22 / 24
2022	+4.56%	+4.77%	-0.21	21 / 25
2021	+3.35%	+0.07%	+3.28	21 / 24
2020	+5.17%	+4.63%	+0.54	17 / 23
2019	+7.79%	+7.27%	+0.52	12 / 18
2018	+7.68%	+6.38%	+1.30	7 / 13
2017	+8.09%	+7.15%	+0.93	2 / 13
2016	+9.35%	+8.94%	+0.41	6 / 12

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

+7.26%

152 windows

min 3.2% · max 10.5%

100% positive

3-Year rolling

+7.03%

127 windows

min 4.3% · max 9.8%

100% positive

5-Year rolling

+6.85%

103 windows

min 5.3% · max 9.1%

100% positive

7-Year rolling

+6.85%

79 windows

min 5.8% · max 8.7%

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

0.32%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.06%

May 2026 → May 2026

% positive months

100.0%

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 Ultra Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Ultra Short Term Fund - Direct Plan-Growth Option	HDFC	₹16.3326	3 Jun 2026
Nippon India Ultra Short Duration Fund- Direct Plan- Growth Option	Nippon India	₹4,713.2064	3 Jun 2026
SBI ULTRA SHORT DURATION FUND - DIRECT PLAN - GROWTH	SBI	₹6,418.2058	3 Jun 2026
ICICI Prudential Ultra Short Term Fund - Direct Plan - Growth	ICICI Prudential	₹31.7072	3 Jun 2026
Invesco India Ultra Short Duration Fund - Direct Plan - Growth	Invesco	₹3,045.4367	3 Jun 2026
BANDHAN ULTRA SHORT DURATION FUND - DIRECT PLAN GROWTH	Bandhan	₹16.2708	3 Jun 2026
Aditya Birla Sun Life Savings Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹590.3559	3 Jun 2026
Motilal Oswal Ultra Short Term Fund (MOFUSTF) -Direct Plan- Growth	Motilal Oswal	₹18.3824	3 Jun 2026
Franklin India Ultra Short Duration Fund - Direct - Growth	Franklin India	₹11.2823	3 Jun 2026
Mirae Asset Ultra Short Duration Fund Direct Growth	Mirae Asset	₹1,398.9872	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹3,455.7769
2 Jun 2026	₹3,455.2470
1 Jun 2026	₹3,454.3252
29 May 2026	₹3,451.6156
27 May 2026	₹3,448.8430
26 May 2026	₹3,447.8491
25 May 2026	₹3,447.8398
22 May 2026	₹3,446.3457
21 May 2026	₹3,446.5607
20 May 2026	₹3,447.6027

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 03 Jun 2026, the NAV of BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth is ₹3,455.7769. It's a Ultra 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 Ultra Short Duration Fund- Direct Plan- Growth has NAV history starting from 03 Jan 2013, a track record of about 13 years 5 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 Ultra Short Duration Fund- Direct Plan- Growth is managed by Bank of India. It's classified by AMFI under the 'Ultra Short Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth has delivered a absolute return of 6.07% — +3.53 pp ahead of the Ultra Short Duration Fund category average of 2.55%. The fund ranks #21 of 28 in its category — the third (Q3) quartile.

Over the trailing 3-year window, BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth has delivered a CAGR of 6.77% — -0.3 pp behind the Ultra Short Duration Fund category average of 7.07%. The fund ranks #24 of 26 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth has delivered a CAGR of 5.98% — -0.44 pp behind the Ultra Short Duration Fund category average of 6.42%. The fund ranks #24 of 25 in its category — the bottom (Q4) quartile.

₹1 lakh invested in BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth exactly 10 years ago would be worth approximately ₹188,415 today — a multiplier of 1.88×, based on the 10-year CAGR of 6.54%. The category average over the same window would have grown ₹1 lakh to ₹187,841.

A ₹10,000 monthly SIP in BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth over the last 5 years — total invested ₹600,000 — would be worth ₹707,840 today. That's an XIRR (money-weighted annualised return) of 6.54%.

A ₹10,000 monthly SIP for 10 years in BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth = ₹1,200,000 invested. It would currently be worth ₹1,647,660 (multiplier 1.37×). XIRR: 6.17%. 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 Ultra Short Duration Fund- Direct Plan- Growth ranks #24 out of 25 funds in the Ultra Short Duration Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 6.42%; this fund delivered 5.98%.

The worst peak-to-trough decline BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth has experienced over the last 5-year window is 0.23% — its NAV fell from a high on 02 May 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 Ultra Short Duration Fund- Direct Plan- Growth averaged 6.85% (best 9.10%, worst 5.34%). 100% of rolling windows ended positive.

In calendar year 2025, BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth returned 6.97% — lagging the Ultra Short Duration Fund category average of 7.21% by 0.24 pp. It ranked #22 of 25 in its category that year.

BANK OF INDIA Ultra Short Duration 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 Ultra Short Duration 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: 0.2%. 5-year CAGR: 5.98%.

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

BANK OF INDIA Ultra Short Duration Fund- Direct Plan- Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Ultra Short Duration Fund

Recent NAVs

Frequently asked questions

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