Bank of India Money Market Fund Direct - Growth

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹10.4046+0.05% 1 day change	4.0%	#NA View Ranked Funds	₹109 Cr

Historical NAV & returns

NAV: ₹10.4046 as on Jul 21, 2025

This fund Category average

Bank of India Money Market Fund overview

Expense ratio	0.12% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹109 Cr
Lock-in Period	Nil
Age	5 m since Jan 28, 2025
Benchmark	CRISIL Money Market A-I Index
Min. investment	This scheme is currently not buyable
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Bank of India Money Market Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jun 06, 2025

Period	This fund	Category average
1 Month	0.51%	0.51%
3 Months	1.89%	1.9%

Asset allocationas on May 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 87.43%

SOV 8.88%

Cash & Call Money 3.69%

Top Debt Holdings

Aditya Birla Finance Ltd. 21.96%

Export-Import Bank Of India 13.13%

NTPC Ltd. 10.95%

Axis Bank Ltd. 10.57%

Allocation by Instruments

Certificate of Deposit 50.17000000000001%

Commercial Paper 37.26%

Treasury Bills 8.88%

Repo 3.63%

Other Holdings

Others 0.07%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Bank of India Money Market Fund	N.A.	109 Cr	5 m	0.12%
UTI Money Market Fund	N.A.	18,385 Cr	12 yrs 6 m	0.15%
Nippon India Money Market Fund	N.A.	19,655 Cr	12 yrs 6 m	0.22%
PGIM India Money Market Fund	N.A.	183 Cr	5 yrs 4 m	0.2%
Sundaram Money Market Fund	N.A.	1,356 Cr	6 yrs 10 m	0.17%
Axis Money Market Fund	N.A.	17,355 Cr	5 yrs 11 m	0.16%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Bank of India Money Market Fund	0.51%	N.A.	N.A.	N.A.	N.A.	N.A.
UTI Money Market Fund	0.51%	4.35%	8.2%	7.64%	6.17%	6.92%
Nippon India Money Market Fund	0.52%	4.4%	8.24%	7.67%	6.22%	6.94%
PGIM India Money Market Fund	0.52%	4.25%	8.0%	7.48%	6.04%	3.24%
Sundaram Money Market Fund	0.53%	4.35%	8.13%	7.39%	5.86%	4.27%
Axis Money Market Fund	0.52%	4.38%	8.26%	7.67%	6.2%	3.8%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Bank of India Money Market Fund	N.A.	N.A.	N.A.	N.A.
UTI Money Market Fund	0.36	0.87	2.86	4.7
Nippon India Money Market Fund	0.36	0.88	2.92	4.94
PGIM India Money Market Fund	0.37	0.91	2.37	4.06
Sundaram Money Market Fund	0.37	0.92	2.13	3.61
Axis Money Market Fund	0.37	0.93	2.84	4.58

View all Money Market funds

Key risk & return ratios Compared to other funds in the category

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Bank of India Money Market Fund in detail with

About this fund

About Bank of India Money Market Fund

Bank of India Money Market Fund Direct - Growth is a Money Market mutual fund scheme from Bank Of India Mutual Fund. This fund has been in existence for 5 m, having been launched on 28/01/2025. Bank of India Money Market Fund Direct - Growth has ₹109 Crores worth of assets under management (AUM) as on 31/05/2025 and is small fund of its category. The latest Net Asset Value (NAV) of Bank of India Money Market Fund Direct - Growth as of 21/07/2025 is ₹10.40. The fund has an expense ratio of 0.12%, which is close to what most other Money Market funds charge.

The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Aditya Birla Finance Ltd., Export-Import Bank Of India, NTPC Ltd., Axis Bank Ltd., Reserve Bank of India.

...

Fund AUM	109 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Mithraem Bharucha

Mr. Bharucha is a BMS and MBA Prior to joining Bank of India Mutual Fund, he has worked with YES Asset Management (India) Limited and BNP Paribas Asset Management India Pvt. Ltd.

Investment objective

The scheme seeks to generate returns with reasonable liquidity to the unitholders by investing in money market instruments.

Bank of India Mutual Fund details

No. of schemes	20 view all schemes
Total AUM	12,458 Cr as on Jun 30, 2025
Address	B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai, 400013
Email	service@boiaxa-im.com

More funds from Bank of India Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Bank of India Short Term Income Fund	N.A.	137 Cr	10.72%	10.41%
Bank of India Liquid Fund	N.A.	1,849 Cr	7.17%	7.09%
Bank of India Ultra Short Duration Fund	N.A.	224 Cr	7.55%	6.95%
Bank of India Overnight Fund	N.A.	72 Cr	6.41%	6.53%
Bank of India Credit Risk Fund	N.A.	110 Cr	6.45%	6.13%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Bank of India Money Market Fund?

The current Net Asset Value (NAV) of the Bank of India Money Market Fund - Direct Growth plan is approximately ₹10.4046 as of Jul 21, 2025.

How much does this mutual fund charge as expense ratio?

The Bank of India Money Market Fund - Direct Growth has an expense ratio of 0.12%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Bank of India Money Market Fund currently has assets under management (AUM) or fund size valued at approximately 109 Cr as on May 31, 2025.

To whom does Bank of India Money Market Fund lend to?

The top 3 debt holdings of Bank of India Money Market Fund are as follows

Holding Name	Percentage of Portfolio
Aditya Birla Finance Ltd.	21.96%
Export-Import Bank Of India	13.13%
NTPC Ltd.	10.95%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Bank of India Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	87.43%
SOV	8.88%
Cash & Call Money	3.69%

What is risk level of Bank of India Money Market Fund?

This is a Money Market fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Bank of India Money Market Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Bank of India Money Market Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Bank of India Money Market Fund is complete.

How can I redeem my investments in Bank of India Money Market Fund?

Redeeming your investments in Bank of India Money Market Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Bank of India Money Market Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Money Market

#NA

Return Outperformance: This fund has generated highest return amongst Money Market funds in the last 3 Months .
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.