Bank of India Ultra Short Term Fund is an Ultra Short fund run by Bank of India Mutual Fund. On 30-09-2026, it managed ₹196 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.8% a year and its Regular plan returned 6.3% a year.
NAV (Direct plan)
₹3,547.71
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹3,405.76
▲ 0.01% · 30-10-2026
Expense ratio
0.42%Direct1.02%Regular
0.42%
A year
Riskometer
Low to Moderate
Set by the fund house
3 year return
6.8%Direct6.3%Regular
6.8%
A year
Bank of India Ultra Short Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹3,547.71 (up 0.02% that day); Regular Plan Growth ₹3,405.76 (up 0.01% that day).
This fund (Direct plan)
₹3,547.7102
Bank of India Ultra Short Term Fund Returns vs Ultra Short Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
+0.29%
+1.36%
+3.08%
+6.24%
+6.83%
+6.26%
+6.43%
This fund (Regular)
+0.24%
+1.24%
+2.83%
+5.71%
+6.30%
+5.82%
+6.10%
Ultra Short average
+0.30%
+1.34%
+3.06%
+6.00%
+6.82%
+6.27%
+6.43%
Best in Ultra Short
+0.39%
+1.59%
+3.46%
+6.84%
+7.44%
+6.82%
+7.19%
Worst in Ultra Short
−0.11%
0.00%
+0.02%
0.00%
0.00%
+0.41%
+4.08%
Rank in Ultra Short
22/26
21/25
20/25
19/25
21/23
20/22
8/11
Category rows compare the Direct plans of 26 Ultra Short funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Ultra Short Duration Debt A-I Index. Returns of that index are not available to us, so the category average is the comparison.
Bank of India Ultra Short Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+5.20%
+4.77%
2025
+7.00%
+6.46%
2024
+7.19%
+6.67%
2023
+6.69%
+6.23%
2022
+4.56%
+4.36%
2021
+3.37%
+3.15%
Bank of India Ultra Short Term Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,618 periods, one for each trading day from 04-01-2016 to 30-10-2026.
0%2%4%6%8%10%
Bank of India Ultra Short Term Fund (Direct)
Category average, 26 Ultra Short funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Bank of India Ultra Short Term Fund (Direct)Category average, 26 Ultra Short funds
0%
0%
Below 0%
17%
12%
0-5%
83%
88%
5-10%
0%
0%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
3,093
7.3%
3.2%
11.0%
0%
7.1%
53%
2 years
2,858
7.2%
3.5%
10.3%
0%
7.1%
50%
3 years
2,618
6.9%
4.3%
9.8%
0%
7.0%
54%
5 years
2,134
6.2%
5.3%
9.2%
0%
6.2%
60%
7 years
1,652
6.4%
5.7%
8.7%
0%
6.2%
68%
10 years
924
6.9%
6.4%
7.4%
0%
6.8%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
7.2%
3.1%
10.3%
0%
7.1%
55%
2 years
142
7.2%
3.3%
9.7%
0%
7.1%
44%
3 years
130
7.0%
3.8%
9.4%
0%
6.9%
50%
5 years
106
6.5%
4.8%
8.9%
0%
6.5%
49%
7 years
82
6.1%
5.6%
8.4%
0%
6.2%
41%
10 years
46
6.3%
6.2%
6.4%
0%
6.3%
48%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 26 Ultra Short funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Bank of India Ultra Short Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Bank of India Ultra Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.24%
+6.00%
Standard deviation
0.47%
0.44%
Sharpe ratio
2.12
1.73
Sortino ratio
3.82
2.73
Maximum drawdown
−0.09%
(22-10-2026)
−0.09%
(08-07-2026)
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Bank of India Ultra Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.83%
+6.81%
Standard deviation
0.38%
0.36%
Sharpe ratio
2.15
2.17
Sortino ratio
4.12
3.92
Maximum drawdown
−0.09%
(22-10-2026)
−0.09%
(08-07-2026)
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Bank of India Ultra Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.26%
+6.28%
Standard deviation
0.36%
0.34%
Sharpe ratio
1.29
1.40
Sortino ratio
2.23
2.37
Maximum drawdown
−0.23%
(06-05-2022)
−0.22%
(06-05-2022)
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Bank of India Ultra Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.43%
+6.32%
Standard deviation
0.47%
0.50%
Sharpe ratio
2.19
1.84
Sortino ratio
4.25
2.99
Maximum drawdown
−0.76%
(24-03-2020)
−0.77%
(24-03-2020)
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Bank of India Ultra Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.24%
+7.08%
Standard deviation
0.53%
0.60%
Sharpe ratio
2.27
1.73
Sortino ratio
3.94
2.61
Maximum drawdown
−0.76%
(24-03-2020)
−0.92%
(24-07-2013)
From daily NAVs, 03-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−1%−0.8%−0.6%−0.4%−0.2%0%
Bank of India Ultra Short Term Fund (Direct)
Category average, 26 Ultra Short funds
2014201620182020202220242026
Bank of India Ultra Short Term Fund (Direct)Category average, 26 Ultra Short funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Bank of India Ultra Short Term Fund (Direct)
−0.76%
11-03-2020
24-03-2020
27-03-2020
3 days
0.0%
Category average
−0.92%
15-07-2013
24-07-2013
02-09-2013
40 days
0.0%
From the Direct plan's daily NAV since 03-01-2013, adjusted for unit splits, and the average of the 26 Ultra Short funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Bank of India Ultra Short Term Fund vs Other Ultra Short Funds
The five Ultra Short funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Bank of India Ultra Short Term Fund Expense Ratio and Costs
What each plan charges a year, in force from 15-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Ultra Short median
Cost rank (1 = cheapest)
Direct
0.34%
0.02%
0.00%
0.06%
0.42%
0.30%
26/26
Regular
0.85%
0.02%
0.00%
0.15%
1.02%
0.81%
21/26
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Ultra Short funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
5.71%
6.24%
0.53%
₹1,05,710
₹1,06,240
3 years
6.30%
6.83%
0.53% a year
₹1,20,116
₹1,21,921
5 years
5.82%
6.26%
0.44% a year
₹1,32,690
₹1,35,472
10 years
6.10%
6.43%
0.33% a year
₹1,80,781
₹1,86,484
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Bank of India Ultra Short Term Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 03-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planBank of India Ultra Short Term Fund (Direct)
₹16,60,000
₹26,74,146
₹10,14,146
6.6%
Regular planBank of India Ultra Short Term Fund (Regular)
₹16,60,000
₹26,04,396
₹9,44,396
6.2%
Category averageCategory average, 26 Ultra Short funds
₹16,60,000
₹26,61,605
₹10,01,605
6.5%
₹0₹10.0 L₹20.0 L₹30.0 L
Direct planBank of India Ultra Short Term Fund (Direct)
Regular planBank of India Ultra Short Term Fund (Regular)
Category averageCategory average, 26 Ultra Short funds
Amount invested
2014201620182020202220242026
Direct planBank of India Ultra Short Term Fund (Direct)Regular planBank of India Ultra Short Term Fund (Regular)Category averageCategory average, 26 Ultra Short fundsAmount invested
From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Bank of India Ultra Short Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
94.5%Debt
Asset
Fund
Category
Debt
94.5%
96.7%
Cash and others
5.5%
3.8%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 26 Ultra Short funds.
Rating
Fund
Category
Sovereign
7.5%
7.3%
AAA and A1+
82.9%
77.2%
AA
4.2%
12.2%
Bank of India Ultra Short Term Fund Portfolio Holdings
As on 30-09-2026 · 24 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
Union Bank of India (12/03/2027) · Certificate of deposit
ICRA A1+
7.43%
6.27% Power Finance Corporation Limited (15/07/2027) · Bond
CRISIL AAA
7.08%
Kotak Mahindra Bank Limited (21/12/2026)
CRISIL A1+
7.05%
7.59% REC Limited (31/05/2027) · Bond
CRISIL AAA
6.12%
National Bank For Agriculture and Rural Development (17/03/2027) · Certificate of deposit
CRISIL A1+
5.44%
Bank of Baroda (11/12/2026) · Certificate of deposit
FITCH A1+
5.05%
Small Industries Dev Bank of India (05/02/2027) · Certificate of deposit
CRISIL A1+
4.99%
Axis Bank Limited (12/02/2027)
CRISIL A1+
4.98%
HDFC Bank Limited (24/02/2027) · Certificate of deposit
CARE A1+
4.97%
LIC Housing Finance Limited (23/02/2027) · Commercial paper
CRISIL A1+
4.97%
Aditya Birla Housing Finance Limited (09/03/2027) · Commercial paper
CRISIL A1+
4.95%
Manappuram Finance Limited (23/02/2027) · Commercial paper
CRISIL A1+
4.95%
ICICI Securities Limited (15/03/2027) · Commercial paper
CRISIL A1+
4.94%
9.40% 360 One Prime Limited (04/03/2027) · Bond
ICRA AA
4.15%
Punjab National Bank (12/03/2027) · Certificate of deposit
CRISIL A1+
3.96%
HDFC Bank Limited (06/11/2026) · Certificate of deposit
CARE A1+
2.54%
364 Days Tbill (MD 25/12/2026) · Treasury bill
SOVEREIGN
2.52%
Motilal Oswal Financial Services Limited (05/02/2027) · Commercial paper
CRISIL A1+
2.49%
364 Days Tbill (MD 28/05/2027) · Treasury bill
SOVEREIGN
2.46%
364 Days Tbill (MD 15/10/2026) · Treasury bill
SOVEREIGN
1.27%
Small Industries Dev Bank of India (03/09/2027) · Certificate of deposit
CRISIL A1+
0.95%
364 Days Tbill (MD 07/01/2027) · Treasury bill
SOVEREIGN
0.88%
364 Days Tbill (MD 08/10/2026) · Treasury bill
SOVEREIGN
0.41%
Corporate Debt Market Development Fund
0.26%
Bank of India Ultra Short Term Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Bank of India Ultra Short Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.42%
Expense ratio (Regular)
1.02%
Category
Ultra Short
Risk
Low to Moderate
Launch date
16-07-2008
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹195.82 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
119379
ISIN (Direct)
INF761K01892
Scheme code (Regular)
109269
ISIN (Regular)
INF761K01298
NAV history
From 03-01-2013, 13.8 years
Benchmark
CRISIL Ultra Short Duration Debt A-I Index
Exit load
NIL
Tax on Bank of India Ultra Short Term Fund returns
Bank of India Ultra Short Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Bonus
₹3,532.3868
30-10-2026
direct
Growth
₹3,547.7102
30-10-2026
direct
Daily IDCW
₹1,005.0001
30-10-2026
direct
Weekly IDCW
₹1,005.6777
30-10-2026
regular
Growth
₹3,405.7633
30-10-2026
regular
Daily IDCW
₹1,005.00
30-10-2026
regular
Weekly IDCW
₹1,005.4228
30-10-2026
About Bank of India Ultra Short Term Fund
Bank of India Ultra Short Term Fund is a mutual fund from Bank of India Mutual Fund. Its category is Ultra Short. It was launched on 16-07-2008. Its benchmark is CRISIL Ultra Short Duration Debt A-I Index. At the end of September 2026 it held 24 securities.
Fund Manager
Mithraem Bharucha
Fund manager of Bank of India Ultra Short Term Fund, since 17-08-2021
Frequently Asked Questions for Bank of India Ultra Short Term Fund
What is the current NAV of Bank of India Ultra Short Term Fund?
The Direct plan NAV is ₹3,547.7102. The Regular plan NAV is ₹3,405.7633, as on 30-10-2026.
What are the returns of Bank of India Ultra Short Term Fund?
The Direct plan returned +6.24% in 1 year, +6.83% a year over 3 years, +6.26% a year over 5 years. The Regular plan returned +5.71% in 1 year, +6.30% a year over 3 years, +5.82% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Bank of India Ultra Short Term Fund?
The Direct plan charges 0.42% a year. The Regular plan charges 1.02% a year. This is the figure the fund house reported to AMFI, in force from 15-09-2026.
What is the AUM of Bank of India Ultra Short Term Fund?
Bank of India Ultra Short Term Fund managed ₹195.82 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Bank of India Ultra Short Term Fund?
At the end of September 2026 the largest holdings were Union Bank of India (12/03/2027) (7.43%), 6.27% Power Finance Corporation Limited (15/07/2027) (7.08%), Kotak Mahindra Bank Limited (21/12/2026) (7.05%), 7.59% REC Limited (31/05/2027) (6.12%), National Bank For Agriculture and Rural Development (17/03/2027) (5.44%). The fund held 24 securities in all.
How do I invest in Bank of India Ultra Short Term Fund?
Through Bank of India Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of Bank of India Ultra Short Term Fund?
Mithraem Bharucha (since 17-08-2021).
What is the exit load of Bank of India Ultra Short Term Fund?
NIL
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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