Bank of India Money Market Fund
Get the latest NAV of Bank of India Money Market Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹10.97
NAV as on 12 Jun 2026
7.09%/per year
Since Inception
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15 people have invested ₹ 24.8L in Bank of India Money Market Fund in the last three months
Bank of India Money Market Fund Performance vs. Money Market Index
Fund returns vs Benchmark returns vs Category Average returns as on (12-Jun-26)
The fund has outperformed the benchmark (Money Market Index) over 1Y, but underperformed over 3Y, 5Y.
Peer comparison
Bank of India Money Market Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Bank of India Money Market Fund Asset Allocation
See fund asset allocation details as on (14-May-26)
Fund Distribution
as on (14-May-26)
Bank of India Money Market Fund Sector Allocation
See fund sector allocation details as on (14-May-26)
Sector Allocation
Top 2 Sectors in April were Corporate, Government
Corporate
57%
Government
10%
Corporate
48%
Government
15%
Bank of India Money Market Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.14% |
Benchmark | CRISIL Money Market A-I TR INR |
| AUM | ₹470 Cr |
| Inception Date | 4 February, 2025 |
| Min Lumpsum/SIP | ₹5,000/₹1,000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 98.89% |
| Risk |   Low to Moderate Risk |
About Bank of India Money Market Fund
Bank of India Money Market Fund is a debt fund. This fund was started on 4 February, 2025. The fund is managed by Mithraem Bharucha. This fund is suitable to keep your money safe.
Key Parameters
- Bank of India Money Market Fund has ₹470 Cr worth of assets under management (AUM) as on May 2026 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
Bank of India Money Market Fund has given a CAGR return of 7.09% since inception. Over the last 1 year the fund has given a CAGR return of 6.20%.
Holdings
Bank of India Money Market Fund has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are HDFC Bank Limited, Canara Bank, Kotak Mahindra Bank Ltd., Punjab National Bank, Day Tbill
Taxation
As it is a money market mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of Bank of India Money Market Fund
The investment objective is to generate returns with reasonable liquidity to the unitholders by investing in money market instruments.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Money Market Fund has no lock in period.
Fund Manager
Mithraem Bharucha
Fund Manager of Bank of India Money Market Fund, since 20 February 2025
- AUM of the fund stands at 483.1 Cr as of Apr'26
- AUM increased by 56 Cr between Apr'26 and Mar'26
Frequently Asked Questions for Bank of India Money Market Fund
How do I invest in Bank of India Money Market Fund?
- Download the INDmoney app.
- Search for ‘Bank of India Money Market Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.