BANK OF INDIA Short Term Income Fund
Short Duration Fund · Bank of India Investment Managers Private Limited
Among the 148 similar short duration funds we track, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.7 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹17.4 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹80,200. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.BANK OF INDIA Short Term Income Fund is a short duration fund from Bank of India Investment Managers Private Limited. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 92/99 (its recent momentum versus category peers) and a King Score of 69/100 (a long-term quality composite). The current NAV is ₹31.09 (as of 2026-09-16).
Growth of ₹100 - last 5 years
BANK OF INDIA Short Term Income Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | 0.08% | -0.05% |
| 3 months | 1.46% | 1.33% |
| 6 months | 2.96% | 2.93% |
| 1 year | 5.5% | 5.66% |
| 3 years (CAGR) | 7.65% | 7.44% |
| 5 years (CAGR) | 10.81% | 6.8% |
| 10 years (CAGR) | 5.79% | 7.05% |
The last 10 years return of BANK OF INDIA Short Term Income Fund works out to 5.79% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹1.8 lakh today. The last 5 years return is 10.81% a year (₹1 lakh → ₹1.7 lakh), and the last 3 years return is 7.65% - ahead of its category's 7.44% average by 0.2 points. Its trailing one-year return is 5.5%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | BANK OF INDIA Short Te | Benchmark |
|---|---|---|
| 2018 | +6.6% | n/a |
| 2019 | -12.9% | n/a |
| 2020 | -0.5% | n/a |
| 2021 | +3.5% | n/a |
| 2022 | +27.4% | n/a |
| 2023 | +6.4% | n/a |
| 2024 | +9.7% | n/a |
| 2025 | +7.6% | n/a |
| 2026 | +3.8% | n/a |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in BANK OF INDIA Short Term Income Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹412,115 | 7.13% |
| 5 years | ₹610,000 | ₹758,049 | 8.62% |
| 10 years | ₹1,210,000 | ₹1,743,845 | 7.1% |
Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹1,743,845 - an XIRR of 7.1%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -19.8% | -3.48% |
| Worst drawdown (3Y) | -0.56% | -0.52% |
| Volatility (1Y) | 1.44% | 1.48% |
| Sharpe (3Y) | 0.72 | 0.83 |
| Bull-market return | 8.6% | 7.56% |
| Bear-market return | -4.6% | 8.33% |
Timing matters more than people admit: the best possible 1-year stretch in BANK OF INDIA Short Term Income Fund (starting 2022-03-30) gained 28.5%, while the worst (starting 2019-04-30) lost 19.5%. The worst peak-to-bottom fall BANK OF INDIA Short Term Income Fund has ever put investors through is -19.8% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -4.6% annualised, versus 8.6% in rising markets.
How BANK OF INDIA Short Term Income Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), BANK OF INDIA Short Term Income Fund has historically returned about -4.6% annualised, versus roughly 8.6% when the market is rising. Its deepest fall on record is -19.8%. Right now it sits about 0.04% below its all-time high (last hit 2026-09-11). The real question isn't the average year - it's whether you could hold on through the worst one.
How BANK OF INDIA Short Term Income Fund ranks in its category
Percentile versus its ~148 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 8.77% |
| 3Y windows positive | 78.2% |
| Worst 3Y window | -4.0% |
| Median 5Y rolling CAGR | 4.11% |
| Median 10Y rolling CAGR | 6.36% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, BANK OF INDIA Short Term Income Fund returned a median of 8.77% a year, and 78.2% of those windows were positive.
Who manages BANK OF INDIA Short Term Income Fund - and how good are they?
BANK OF INDIA Short Term Income Fund is managed by Mithraem Bharucha. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Mithraem Bharucha's full record
Mithraem Bharucha currently runs 6 funds, across Liquid Fund, Money Market Fund, Multi Asset Allocation, Overnight Fund and more, with about ₹2,190 Cr under management. The book's average King Score is 81.8/100. Their strongest fund by King Score is BANK OF INDIA Overnight Fund (89/100); BANK OF INDIA Short Term Income Fund ranks #4 of 6 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BANK OF INDIA Overnight Fund | 98 | 89 | 1.3% | 2.8% | 5.5% | 6.2% | 5.8% | n/a | -0.87 | 5.9% | 0.0% |
| 2 | BANK OF INDIA Liquid Fund | 94 | 89 | 1.7% | 3.5% | 6.6% | 7.0% | 6.4% | 6.1% | 1.17 | 6.9% | -0.2% |
| 3 | BANK OF INDIA Ultra Short Duration Fund | 84 | 80 | 1.8% | 3.6% | 6.6% | 6.9% | 6.2% | 6.5% | 0.81 | 6.9% | -0.8% |
| 4 | BANK OF INDIA Short Term Income Fund (this page) | 92 | 69 | 1.5% | 3.0% | 5.5% | 7.7% | 10.8% | 5.8% | 0.72 | 8.8% | -19.8% |
| 5 | Bank of India Money Market Fund | 96 | n/a | 1.9% | 3.6% | 6.8% | n/a | n/a | n/a | 0.9 | n/a | -0.1% |
| 6 | Bank of India Multi Asset Allocation Fund | 84 | n/a | 1.0% | 5.0% | 10.8% | n/a | n/a | n/a | 0.46 | n/a | -9.4% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.45% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹145 Cr |
| Age | 13.7 years |
| Plan / Option | Direct · Growth |
How BANK OF INDIA Short Term Income Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| Mahindra Manulife Short Duration Fund | 94 | 89 | 7.7% |
| Axis Short Duration Fund | 96 | 86 | 7.8% |
| Sundaram Short Duration Fund (Formerly Known as Principal Short Term Debt Fund) | 87 | 86 | 7.4% |
| Bandhan Short Duration Fund | 99 | 85 | 7.7% |
| Baroda BNP Paribas Short Duration Fund | 95 | 84 | 7.5% |
| ICICI Prudential Short Term Fund | 97 | 83 | 7.8% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
BANK OF INDIA Short Term Income Fund review: the bottom line
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Frequently asked questions
Is BANK OF INDIA Short Term Income Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, BANK OF INDIA Short Term Income Fund scores 69/100 on our King Score and RS 92/99 within its category, has compounded 7.65% a year over three years, and its worst drawdown was -19.8%. Compare those against your needs and the peer table above.
What is the NAV of BANK OF INDIA Short Term Income Fund today?
The latest NAV is ₹31.09 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the last 10 years return of BANK OF INDIA Short Term Income Fund?
Over the last 10 years BANK OF INDIA Short Term Income Fund has returned about 5.79% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹1.8 lakh today, before tax. See the year-by-year table above for how uneven the ride was.
What is the expense ratio of BANK OF INDIA Short Term Income Fund?
The Direct-plan expense ratio is 0.45% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of BANK OF INDIA Short Term Income Fund?
BANK OF INDIA Short Term Income Fund is managed by Mithraem Bharucha.
Is BANK OF INDIA Short Term Income Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -19.8% - ₹1 lakh briefly becoming about ₹80,200. As a debt fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is BANK OF INDIA Short Term Income Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹17.4 lakh (XIRR 7.1%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of BANK OF INDIA Short Term Income Fund?
A ₹10,000/month SIP over 10 years would have grown to about ₹1,743,845 (an XIRR of 7.1%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does BANK OF INDIA Short Term Income Fund rank among similar funds?
On 3-year returns it sits around the 94th percentile of its category, and its consistency ranks 72th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is BANK OF INDIA Short Term Income Fund tax-efficient / what about capital gains?
As a debt fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See BANK OF INDIA Short Term Income Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
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- Compare it side-by-side with any peer
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Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.