Bank of India Money Market Fund
Bank of India Mutual Fund · Best Money Market Mutual Funds
This is the Direct plan of Bank of India Money Market Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed weekly, which is why this NAV sits below the growth plan of the same fund.
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returnsNAV history
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough Money Market Fund peers to rank yet
Volatility not available yet
0.2% expense vs 0.2% category avg
Not enough history for a rolling 3Y view
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Money Market Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (Money Market Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.20% | +0.07% | +0.13% |
| 3M abs | — | +0.66% | — |
| 6M abs | — | +0.93% | — |
| 1Y CAGR | — | +1.66% | — |
| 3Y CAGR | — | +2.34% | — |
| 5Y CAGR | — | +2.21% | — |
Category average across peers in Money Market Fund (67 of 70 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
Pick a longer period to plot the path.
1 monthly installments of ₹10,000 into Bank of India Money Market Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹454.51Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Bank of India in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Debt funds
Debt funds lend money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.
Frequently asked questions
What is the NAV of Bank of India Money Market Fund?
As of 20 Aug 2026, the NAV of Bank of India Money Market Fund is ₹10.02 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Bank of India Money Market Fund delivered?
Bank of India Money Market Fund has returned +0.20% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Bank of India Money Market Fund?
Bank of India Money Market Fund charges an expense ratio of 0.18% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Bank of India Money Market Fund?
Its largest holdings are SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 11JUN27 (6.2%), PUNJAB NATIONAL BANK CD 15DEC26 (5.2%), GOVERNMENT OF INDIA 37116 364 DAYS TBILL 25FB27 FV RS 100 (5.1%), KOTAK MAHINDRA BANK LIMITED CD 04FEB27 (5.1%) and AXIS BANK LIMITED CD 12FEB27 (5.1%). Holdings are disclosed monthly and change over time.
How risky is Bank of India Money Market Fund?
It is rated low on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Bank of India Money Market Fund?
Bank of India Money Market Fund is benchmarked against the CRISIL Money Market A-I Index. Its alpha and beta on this page are measured against that index.
Who manages Bank of India Money Market Fund?
Bank of India Money Market Fund is managed by Mithraem Bharucha at Bank of India.
How is Bank of India Money Market Fund taxed?
Bank of India Money Market Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.