Bank of India Money Market 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
★☆☆☆☆1/5 vs 69 of 71 Money Market Fund peers1Y- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How 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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Money Market Fund (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 69 of the 71 Money Market Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
Not enough Money Market Fund peers to rank yet
Volatility 4.6% vs 1.4% category avg
0.6% expense vs 0.5% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
No standout strengths identified.
Concerns
- 1-year return (-3.61%) trails the Money Market Fund average (+1.06%)
- Ranks #66 of 71 on 1-year return in its Money Market Fund cohort
- More volatile than its Money Market Fund peers (4.6% vs 1.4%)
- High expense ratio (0.55%) vs the Money Market Fund average of 0.45%
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 | -0.05% | +0.02% | -0.07% |
| 3M abs | +0.04% | +0.52% | -0.48% |
| 6M abs | -0.05% | +0.67% | -0.72% |
| 1Y CAGR | -3.61% | +1.06% | -4.67% |
| 3Y CAGR | — | +1.99% | — |
| 5Y CAGR | — | +1.63% | — |
Category average across peers in Money Market Fund (70 of 71 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.
Category rank
Vs 71 peers in Money Market Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
7 overlapping 1Y windows, sampled monthly across the fund’s history.
Worst falls, and the wait to get back
How far this fund has dropped from a high, and how long it took to reclaim it.
- -5.7%31 Dec 2025 → 22 May 2026
Still below that high — 5 months down, and no recovery yet.
Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | -5.54% | |
| 2025part | +6.30% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
12 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.
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.
Bank of India Multi Cap: How Nitin Gosar invests
Value Research · 1d ago
Lalithaa Jewellery Mart raises Rs 508 crore from anchor investors ahead of Rs 1,700-crore IPO
Moneycontrol.com · 6d ago
SBI Mutual Fund’s Stake in Urban Company Nears 8% After ₹428 Cr Block Deal
outlookbusiness.com · 8d ago
Bank of India Manufacturing & Infrastructure Fund - Direct Plan
CNBC TV18 · 10d ago
Bank of India Large & Mid Cap Fund - Direct Plan
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Bank of India Large & Mid Cap Fund - Eco Plan
CNBC TV18 · 10d ago
Bank of India Consumption Fund
CNBC TV18 · 10d ago
Bank of India Banking and Financial Services Fund - Direct Plan
CNBC TV18 · 10d ago
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 ₹10.04 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 -3.61% over 1 year and +0.26% 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 0.55% 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 to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.6% and its worst peak-to-trough fall in our sample was -5.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -2.21 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bank of India Money Market Fund's -2.21 means it has not compensated investors for its volatility over the window. Higher is better.
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.