Bank of India Money Market Fund Direct Growth
Get the latest NAV of Bank of India Money Market Fund Direct Growth. 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.
₹10.49
NAV as on 15 Sep 2025
4.89%/per year
Since Inception
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2 people have invested ₹ 35K in Bank of India Money Market Fund Direct Growth 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 (15-Sep-25)
The fund has underperformed the benchmark (Money Market Index) over the last 1Y, 3Y, 5Y time periods.
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-Sep-25)
Fund Distribution
as on (14-Sep-25)
Bank of India Money Market Fund Sector Allocation
See fund sector allocation details as on (14-Sep-25)
Sector Allocation
Top 2 Sectors in August were Corporate, Government
Corporate
49%
Government
21%
Corporate
41%
Government
22%
Bank of India Money Market Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.12% |
Benchmark | CRISIL Money Market A-I TR INR |
| AUM | ₹166 Cr |
| Inception Date | 4 February, 2025 |
| Min Lumpsum/SIP | ₹5000/-- |
| 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 Direct Growth 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 Direct Growth has ₹166 Cr worth of assets under management (AUM) as on Sep 2025 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
Bank of India Money Market Fund Direct Growth has given a CAGR return of 4.89% since inception.
Holdings
Bank of India Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Bank Of Baroda, Indian Bank, Export-Import Bank Of India, HDFC Bank Limited, Canara Bank
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 Direct Growth
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 0.00. Bank of India Money Market Fund Direct Growth has no lock in period.
Fund Manager
Mithraem Bharucha
Fund Manager of Bank of India Money Market Fund Direct Growth, since 20 February 2025
- AUM of the fund stands at 165.9 Cr as of Aug'25
- AUM increased by 25.1 Cr between Aug'25 and Jul'25
Frequently Asked Questions for Bank of India Money Market Fund Direct Growth
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.