Bank of India Money Market Fund Direct Growth
NAV as on 17-04-2025
₹ 10.2
Inception Returns
2%
/yr
Historical NAV & Returns
About Bank of India Money Market Fund Direct Growth
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 . This fund is suitable to keep your money safe.
Key Parameters
- Bank of India Money Market Fund Direct Growth has ₹159 Cr worth of assets under management (AUM) as on Dec 1969 and is less 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 2.00% since inception.
Holdings
Bank of India Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are Small Industries Development Bank Of India, Kotak Mahindra Bank Limited, National Bank For Agriculture And Rural Development, Aditya Birla Finance Limited, Punjab National 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.
Bank of India Money Market Fund Direct Growth Overview
| Expense ratio | 0.12% |
Benchmark | CRISIL Money Market A-I TR INR |
| AUM | ₹159 Cr |
| Inception Date | 4 February, 2025 |
| Min Lumpsum/SIP | ₹5000/-- |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (17-Apr-25)
Fund Distribution
as on (31-Dec-69)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Small Industries Development Bank Of India | 17.82% | 0% | |
Kotak Mahindra Bank Limited | 14.88% | 0% | |
National Bank For Agriculture And Rural Development | 14.85% | 0% | |
Aditya Birla Finance Limited | 14.82% | 0% | |
Punjab National Bank | 11.65% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Bank of India Money Market Fund Direct Growth | - | - | - | 2% |
 Tata Money Market Fund Direct Plan Growth | 8.21% | 7.43% | 6.42% | 6.77% |
 HDFC Money Market Direct Plan Growth Option | 8.09% | 7.28% | 6.31% | 7.37% |
 Aditya Birla Sun Life Money Manager Fund Direct Plan Growth | 8.08% | 7.32% | 6.34% | 7.47% |
Bank of India Money Market Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹159 Cr
Expense Ratio 0.12%
More funds from BOI AXA
5Y CAGR
▲ 5.53
5Y CAGR
▲ 5.17
5Y CAGR
▲ 10.83
Frequently Asked Questions for Bank of India Money Market Fund Direct Growth
Bank of India Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.2% | 1.2% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |