HealthyDirect · GrowthFit for a long SIP
BANK OF INDIA SHORT TERM FUND
Bank of India Mutual FundIncome/Debt Oriented Schemes - Short Term Fund13.8 years
The scheme seeks to generate reasonable returns by investing in debt and money market instruments. The scheme would not be investing more than 70% into securities having average maturity of more than 370 days.
- NAV
- 31.0342
- 29 Oct 2026
- 1Y
- +4.3%
- Trailing CAGR
- AUM
- ₹259.23 Cr
- 30 Sept 2026
- Volatility
- Low
- 6.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 66% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.54% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -19.8%. Ask whether you can hold through a similar fall.
Vs category
Pass
66% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Mithraem Bharucha · 5.2 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 63.8% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+4.3%
- 3Y+7.5%
- 5Y+10.8%
- 10Y+5.6%
- SI+6.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.2%
- 3Y+6.4%
- 5Y+8.1%
- 10Y+7.0%
- Since inception
- +6.8%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- Category median, same plan and option
- 3Y win rate
- +66%
- Windows beating the median
- 3Y percentile
- 88
- Vs comparable share classes
- SIP 3Y XIRR
- +6.4%
- Simulated monthly SIP
- Worst rolling 3Y
- -4.0%
- 2619 daily-ending windows
- Median rolling 3Y
- +8.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2135 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -19.8%
- Worst peak-to-trough
- Current
- -0.3%
- Below last peak
- Current spell
- 50 days
- Days below latest peak
- Time below peak
- +51%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 291 recovered episodes
- Longest recovery
- 706 days
- Trough to prior peak
6 Jun 2019 – 31 Mar 2022
Trough 24 Apr 2020 · recovered in 706 days
-19.8%
15 Jul 2013 – 5 Sept 2013
Trough 24 Jul 2013 · recovered in 43 days
-1.5%
2 Apr 2019 – 3 Jun 2019
Trough 13 May 2019 · recovered in 21 days
-1.4%
7 Apr 2022 – 6 Jul 2022
Trough 6 May 2022 · recovered in 61 days
-0.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
88
Vs category
50
Consistency
58
Risk-adjusted
34
Drawdown
51
Mean
56
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 66% of rolling 3-year windows.
- Three-year return is above the category median.
Portfolio
30 Sept 2026 · 27 holdings · top 10 are 63.8%.
- Top 5
- 40.5%
- Top 10
- 63.8%
- Largest holding
- 11.6%
- Effective holdings
- 18.1
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
11.6%
POWER FINANCE CORPORATION LIMITED SR 237A 7.60 BD 13AP29 FVRS1LAC
Financial
8.1%
LIC HOUSING FINANCE LTD TR 456 6.90 NCD 17SP27 FVRS1LAC
Financial
7.6%
L&T FINANCE LIMITED 364D CP 19MAR27
Financial
7.5%
GOVERNMENT OF INDIA 36574 GOI 06OT35 6.48 FV RS 100
Entities
5.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Short Term Fund
Axis Mutual Fund
- 1Y
- +4.8%
- 3Y
- +7.6%
- Vol
- 1.5%
- Max DD
- -2.6%
- Sharpe
- 1.45
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HDFC Short Term Fund
HDFC Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.2%
- Vol
- 1.3%
- Max DD
- -2.7%
- Sharpe
- 1.45
- 3Y win
- +66%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Kotak Short Term Fund
Kotak Mahindra Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.2%
- Vol
- 1.8%
- Max DD
- -3.1%
- Sharpe
- 1.10
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Mahindra Manulife Short Term Fund
Mahindra Manulife Mutual Fund
- 1Y
- +4.7%
- 3Y
- +7.5%
- Vol
- 0.9%
- Max DD
- -1.1%
- Sharpe
- 0.60
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Nippon India Short Term Fund
Nippon India Mutual Fund
- 1Y
- +4.4%
- 3Y
- +7.4%
- Vol
- 1.4%
- Max DD
- -2.9%
- Sharpe
- 1.42
- 3Y win
- +73%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns