Name	Sector	Instruments	Assets
HDFC Bank Ltd.	Financial	CD	11.91%
National Bank For Agriculture & Rural Development	Financial	Debenture	9.49%
Reserve Bank of India	Financial	T-Bills	9.25%
REC Ltd.	Financial	NCD	7.91%
Manappuram Finance Ltd.	Financial	NCD	6.98%
360 ONE Wealth Ltd.	Financial	NCD	6.32%
Export-Import Bank Of India	Financial	CD	6.24%
Bank Of Baroda	Financial	CD	6.14%
Indian Bank	Financial	CD	6.14%
AU Small Finance Bank Ltd.	Financial	CD	6.01%
Small Industries Devp. Bank of India Ltd.	Financial	CD	5.01%
ICICI Securities Ltd.	Financial	CP	4.35%
Bank Of Baroda	Financial	CD	3.12%
Canara Bank	Financial	CD	3.07%
Small Industries Devp. Bank of India Ltd.	Financial	CD	2.96%
Union Bank of India	Financial	CD	2.75%
Reserve Bank of India	Financial	T-Bills	1.26%

See All

Minimum investments

Min. for 1st investment

Not Supported

Min. for 2nd investment

Not Supported

Min. for SIP

Not Supported

Returns and rankings

Annualised returns

Absolute returns

Name	3Y	5Y	10Y	All
Fund returns	+6.4%	+5.3%	+6.4%	+7.0%
Category average (Debt Ultra Short Duration)	+6.8%	+5.7%	+6.0%	--
Rank (Debt Ultra Short Duration)	21	20	5	--

Exit load, stamp duty and tax

Exit load

Nil

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

Returns are taxed as per your Income Tax slab.

Check past data

Compare similar funds

	Name	1Y	3Y	Fund Size(Cr)
	Aditya Birla Sun Life Savings Growth	+7.29%	+7.42%	23,615.17
	Mirae Asset Ultra Short Duration Fund Growth	+7.07%	+7.26%	2,067.19
	Baroda BNP Paribas Ultra Short Duration Fund Growth	+6.90%	+7.18%	765.48
	SBI Ultra Short Duration Fund Growth	+6.92%	+7.08%	14,639.39
	PGIM India Ultra Short Duration Plan Growth	--	--	510.34
Compare

Fund management

MB
Mithraem Bharucha
Aug 2021 - Present
View details

Education

Mr. Bharucha is a BMS and MBA

Experience

Prior to joining Bank of India Mutual Fund, he has worked with YES Asset Management (India) Limited and BNP Paribas Asset Management India Pvt. Ltd.

Also manages these schemes

Bank of India Liquid Fund Institutional Growth

Bank of India Liquid Fund Super Institutional Growth

Bank of India Liquid Fund Growth

Bank of India Multi Asset Allocation Fund Growth

Bank of India Short Term Income Fund Growth

Bank of India Ultra Short Duration Fund Growth

Bank of India Ultra Short Duration Fund Institutional Growth

Bank of India Overnight Fund Growth

Bank of India Money Market Fund Growth

About Bank of India Ultra Short Duration Fund Growth

Bank of India Ultra Short Duration Fund Growth is a Debt Mutual Fund Scheme launched by Bank of India Mutual Fund. This scheme was made available to investors on 31 Mar 2008. Mithraem Bharucha is the Current Fund Manager of Bank of India Ultra Short Duration Fund Growth fund. The fund currently has an Asset Under Management(AUM) of ₹13,863 Cr and the Latest NAV as of 09 Jan 2026 is ₹3,252.28. The Bank of India Ultra Short Duration Fund Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹1,000. ;

Investment Objective

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.;

Fund benchmarkCRISIL Ultra Short Duration Debt A-I Index

Scheme Information Document(SID)