DhanLap logo

Loan Against Bank of India Short Term Income Fund Direct IDCW Quarterly

Debt

|

Short Duration

|

Dividend

ISIN NO.  -  INF761K01777

LAUNCH DATE  -  05-Feb-2013

Returns (CAGR)

1 yr. 13.54

3 yr. 11.61

5 yr. 3.99

Since Inception 6.6%

Risk Category

Moderate

Stop Redemptions with Loan Against Mutual Funds

Unlock the potential of your mutual fund investments with loan facilities from a wide range of eligible mutual fund schemes. By availing a loan against your mutual funds, you can access funds without the need to sell or redeem your investments. Retain ownership of your mutual fund units and benefit from potential growth and dividends while meeting your financial requirements.

Why Take a Loan Instead of Selling or Redeeming Mutual Fund Units?

Taking a loan against your Bank of India Short Term Income Fund Direct IDCW Quarterly units offers several advantages over selling or redeeming your investments:

27-Oct-2023
11.5179

Fund size:
93.4367 Cr

Exit Load:
Nil

Expense Ratio:
0.52%

Fund House:
BOI AXA Mutual Fund

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Min. Lump sum Investment ₹5000

Min. SIP Investment 1000

CATEGORY AVERAGE 1 yr. 4.5% 3 yr. 5.2%

Check your eligible loan amount against mutual funds.

Value of your mutual fund
You are eligible for
50,000
Minimum portfolio value: ₹50,000
Interest Rate: 10%
Choose tenure
installment options
EMI
4395
per month
Balloon
help

Balloon Payment

(Interest only)

Pay monthly installments towards interest only. Settle the principal at the end of tenure.

416
per month

About Bank of India Short Term Income Fund Direct IDCW Quarterly

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. ;

What is a loan against
mutual funds?

With a Loan against Mutual Fund, you offer your MF units as collateral for the loan. The lender holds the Mutual Fund units as a security till you repay the loan amount. Your Mutual Funds will continue to earn returns, but you cannot sell them while you have pledged them to the lender.

You may borrow up to 50% of the value of your equity mutual fund schemes in your portfolio. The value of your mutual fund scheme is derived by multiplying the number of units by the scheme's NAV. The total value of all equity mutual fund schemes will be used to calculate your portfolio value.

Why Take a Loan Instead of Selling or Redeeming Mutual Fund Units?

Taking a loan against your Mutual Fund units offers several advantages over selling or redeeming your investments:

How to Apply for the Loan?

Applying for a loan against your Bank of India Short Term Income Fund Direct IDCW Quarterly through DhanLAP is simple.

Complete your EKYC
Pledge your Mutual Fund Holdings
Get Instant Loan disbursal to your bank account.
Apply for Loan against Mutual Funds Now

Eligibility Criteria for Loan Against Bank of India Short Term Income Fund Direct IDCW Quarterly

To be eligible for a loan against your Bank of India Short Term Income Fund Direct IDCW Quarterly units with DhanLAP , you typically need to meet the following criteria:

Icon description You should be between 18 and 65 years of age
Icon description Your entire mutual fund portfolio should not be less than ₹50,000
Icon description You should hold Mutual Funds approved with CAMS & Kfintech (RTAs).
Icon description Debt & ELSS funds are not eligible.
Icon description Joint mutual fund holders are not eligible for a loan.
Icon description You should be an Indian resident

Benefits of Taking Loan Against Your Bank of India Short Term Income Fund Direct IDCW Quarterly with DhanLAP

Choosing a loan against Bank of India Short Term Income Fund Direct IDCW Quarterly with DhanLAP offers several benefits:

1

Higher Loan Amount: DhanLAP allows you to avail a higher loan amount compared to regular LAMF products, enabling you to meet substantial financial requirements.

2

Longer Repayment Tenure: You can choose a longer repayment tenure for DhanLAP, giving you more flexibility in managing your loan repayments.

3

Customized Loan Structures: DhanLAP offers customized loan structures tailored to your financial goals and requirements, providing you with greater control over the loan terms.

4

Fully End-to-end Digital Process: The documentation process for DhanLAP is fully digital and hassle-free, ensuring a smoother loan application experience.

5

Avoid Disruption to Investment Strategy: Loan Against Your Bank of India Short Term Income Fund Direct IDCW Quarterly with DhanLAP allows you to avoid disrupting your investment strategy and long-term financial goals. Instead of selling or redeeming your mutual fund units, you can leverage them as collateral for a loan and continue to benefit from potential market growth.

6

Cost-Effective Solution: DhanLAP offers competitive interest rates, making it a cost-effective solution compared to traditional loan options. By opting for a Loan against Your Bank of India Short Term Income Fund Direct IDCW Quarterly units with DhanLAP, you can access funds while minimizing the impact on your finances.

7

Quick Access to Funds: With DhanLAP, you can enjoy quick and convenient access to funds. The loan approval and disbursal process is efficient, allowing you to meet your financial needs promptly.

8

Flexibility in Loan Utilization: The loan amount obtained through DhanLAP can be used for a wide range of purposes, including home renovation, education expenses, medical emergencies, debt consolidation, or any other financial requirements you may have. You have the freedom to utilize the funds as per your specific needs.

9

Convenient Repayment Options: DhanLAP provides flexible repayment options tailored to your financial circumstances. You can choose from various repayment tenures and select a repayment plan that suits your cash flow and repayment capabilities.

10

Simple and Transparent Process: DhanLAP ensures a simplified and transparent loan process. The documentation requirements are clear, and the loan terms and conditions are communicated upfront, providing you with clarity and peace of mind.

By choosing Loan Against Bank of India Short Term Income Fund Direct IDCW Quarterly with DhanLAP, you can unlock the value of your investments without liquidating them, enabling you to meet your financial goals while preserving your long-term wealth creation potential.

Apply for Loan against Mutual Funds Now

List of boi axa mutual fund Schemes.

Fund Name

3Y Returns

Loan Against Bank of India Bluechip Fund Direct Growth

Loan Against Bank of India Bluechip Fund Direct IDCW

Loan Against Bank of India Credit Risk Fund Direct Growth

41.39

Loan Against Bank of India Small Cap Fund Direct IDCW

37.46

Loan Against Bank of India Small Cap Fund Direct Growth

37.46

Loan Against Bank of India Manufacturing & Infrastructure Direct Growth

33.02

Loan Against Bank of India Manufacturing & Infrastructure Direct IDCW Quarterly

33.02

Loan Against Bank of India Flexi Cap Fund Direct Growth

27.32

Loan Against Bank of India Flexi Cap Fund Direct IDCW

27.32

Loan Against Bank of India Mid & Small Cap Equity & Debt Fund Direct IDCW

26.56

Loan Against Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth

26.56

Loan Against Bank of India Tax Advantage Direct Growth

23.63

Loan Against Bank of India Tax Advantage Direct IDCW

23.63

Loan Against Bank of India Midcap Tax Fund Series 1 Direct Growth

22.94

Loan Against Bank of India Midcap Tax Fund Series 2 Direct Growth

22.33

Loan Against Bank of India Large & Mid Cap Equity Fund Direct Growth

21.6

Loan Against Bank of India Large & Mid Cap Equity Fund Direct Bonus

21.6

Loan Against Bank of India Conservative Hybrid Fund Direct IDCW Quarterly

13.49

Loan Against Bank of India Conservative Hybrid Fund Direct Growth

13.49

Loan Against Bank of India Short Term Income Fund Direct IDCW Quarterly

11.61

Loan Against Bank of India Short Term Income Fund Direct Growth

11.61

Loan Against Bank of India Balanced Advantage Fund Direct Growth

11.4

Loan Against Bank of India Balanced Advantage Fund Direct IDCW

11.4

Loan Against Bank of India Liquid Fund Direct IDCW Daily

4.88

Loan Against Bank of India Liquid Fund Direct IDCW Weekly

4.88

Loan Against Bank of India Overnight Fund Direct IDCW Weekly

4.71

Loan Against Bank of India Overnight Fund Direct Growth

4.71

Loan Against Bank of India Ultra Short Duration Fund Direct Bonus

4.69

Loan Against Bank of India Ultra Short Duration Fund Direct Growth

4.69

Loan Against Bank of India Arbitrage Fund Direct IDCW Monthly

4.1

Loan Against Bank of India Arbitrage Fund Direct Growth

4.1

Explore More Loans Against AMC Options:

Explore More Loans Against AMC Schemes:

DhanLap Logo
Our vision is to provide customers with the most efficient way of managing their assets to get more out of it.
Follow Us
instagram icon Youtube icon
Download App
App Store Logo Google Play Store Logo
DhanLAP, dhanlap.com are brand and product of Ark Neo Financial Services Pvt. Ltd.
About
Loan against Securities Loan against Mutual Funds Loan against Shares List of AMCs Contact Us Press Release
Help
FAQ
Blogs
Legal
Terms & Conditions
Privacy Policy
startup india logo
startup registration logo
All Rights Reserved | Copyright 2024