| Launch date | 28 Jan 2025 |
| Allotment date | 04 Feb 2025 |
| End date | 03 Feb 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.06%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Mithraem BharuchaJan 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #31 in India |
|---|---|
| Total AUM | ₹13,424.16Cr |
| Date of Incorporation | 31 Mar 2008 |
|---|
Bank of India Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by Bank of India Mutual Fund. This scheme was made available to investors on 31 Mar 2008. Mithraem Bharucha is the Current Fund Manager of Bank of India Money Market Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹13,424 Cr and the Latest NAV as of 17 Apr 2026 is ₹10.90. The Bank of India Money Market Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. ;
Investment Objective
The scheme seeks to generate returns with reasonable liquidity to the unitholders by investing in money market instruments. ;
| Fund benchmark | CRISIL Money Market A-I Index |
|---|
Fund house contact details
Peer Comparison
| Debt, Money Market funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Tata Money Market Fund Direct Growth | 4 | 6.8% | 7.6% | 32,382.40 |
Bandhan Money Market Fund Direct Growth | 4 | 6.8% | 7.5% | 13,437.11 |
Franklin India Money Market Fund Direct Growth | 4 | 6.7% | 7.5% | 3,959.38 |
ICICI Prudential Money Market Direct Growth | 4 | 6.7% | 7.5% | 31,749.72 |
Union Money Market Fund Direct Growth | 5 | 6.7% | 7.2% | 682.95 |