INF754K01202
Bank of India Money Market Fund - Latest NAV, AUM, Returns & Investment Guide 2025
Explore Bank of India Money Market Fund with latest NAV, AUM, performance analysis and investment strategy. Learn about investment objectives, fund manager details and how to invest.
The investment objective of the fund is to generate returns with reasonable liquidity to the unitholders by investing in money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.
The fund follows a conservative investment strategy focused on maintaining capital preservation while providing moderate returns. The fund invests in Certificate of Deposits (CDs), Commercial Bills (CB), Treasury Bills and Government Securities having maturity up to 1 year with a focus on maintaining higher credit quality and higher accruals. It further aims to capture opportunities in Money Market instruments with better liquidity.
Key features of the investment approach include:
- Investment in short-term money market instruments with maturities up to one year
- Focus on maintaining high credit quality in the portfolio
- Emphasis on liquidity and capital preservation
- Active management to capture better accrual opportunities in money market securities
Mr. Mithraem Bharucha manages the fund with over 14 years of experience in fixed-income markets, trading and portfolio management. He joined Bank of India Investment Managers in August 2021, having previously worked with BNP Paribas Mutual Fund and YES Mutual Fund. He holds a Bachelor's degree in Management Studies from Mumbai University and an MBA with specialization in Finance.
The fund benefits from the broader investment team's expertise, including Mr. Alok Singh as CIO and Mr. Mohit Bhatia as CEO/MD of Bank of India Investment Managers.
Bank of India Investment Managers Private Limited serves as the Asset Management Company for this fund. The company has continuously proved to be trustworthy with 14 years of rich experience in fund management and has always catered to the needs of investors across various objectives.
Key highlights of the AMC:
- Total AUM of over Rs 6,554.90 crore as of June 30, 2023
- Currently manages 17 varied mutual fund schemes across 2 lakh+ investors
- Owned by Bank of India Investment Managers Pvt. Ltd., a subsidiary of the Bank of India
- Strong regulatory compliance with SEBI registration
- Established strong investment processes in line with regulatory limits and best practices
The fund house follows the investment philosophy: "GUIDED BY RESEARCH, DRIVEN BY RESULTS!" which captures a balanced approach by leveraging thorough research to make informed, strategic moves while focusing on achieving results.
This fund is suitable for investors seeking:
Ideal Investment Profile:
- Conservative investors looking for capital preservation with modest returns
- Those seeking an alternative to savings accounts and short-term fixed deposits with potentially higher returns
- Investors requiring high liquidity for emergency funds or short-term parking of surplus money
- Risk-averse investors who prefer stable, low-volatility investment options
Key Considerations:
- Low Risk: The fund has low volatility with a standard deviation of 0.54, indicating stable performance
- Liquidity: Money market funds typically offer high liquidity for quick redemptions
- Credit Quality: Focus on high-quality instruments reduces default risk
- Returns: Expect modest returns in line with short-term interest rates
Recent Performance Metrics (as of available data):
- Latest NAV: ₹10.31
- AUM: ₹108.75 crore as of June 5, 2025
- Expense Ratio: 0.12% as of June 5, 2025
The fund's low expense ratio makes it cost-effective for investors, while the reasonable AUM size ensures adequate diversification without compromising liquidity.
What is today's NAV of Bank of India Money Market Fund?
The latest NAV is ₹10.31, though investors should check the official website for the most current NAV as it updates daily.
What is the AUM of Bank of India Money Market Fund?
The Assets Under Management (AUM) is ₹108.75 crore as of June 5, 2025.
What is the expense ratio of Bank of India Money Market Fund?
The expense ratio is 0.12% as of June 5, 2025, which is relatively low and cost-effective for investors.
What are the returns of Bank of India Money Market Fund since inception?
Money market funds typically provide returns in line with short-term interest rates. Specific inception returns data should be verified from the latest fund factsheet on the AMC's official website.
What is the minimum SIP amount to invest in Bank of India Money Market Fund?
The minimum SIP amount varies by distributor platform. Contact Allvest or check their platform for current minimum SIP requirements.
How do I invest in Bank of India Money Market Fund?
You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing investment amount, and setting up payment methods via SIP or lump sum.
How to start a SIP in Bank of India Money Market Fund?
Log into Allvest, select this fund, choose the SIP option, set your monthly investment amount, and configure auto-debit from your bank account.
How do I automate an SIP in Bank of India Money Market Fund?
Through Allvest, you can set up automatic payments via bank mandate or UPI autopay to ensure seamless monthly investments without manual intervention.
How can I withdraw/redeem my investment in Bank of India Money Market Fund?
You can redeem your investment through Allvest by selecting the fund in your portfolio and clicking redeem. The amount typically gets credited to your bank account within 1-3 working days.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer