Bank of India Money Market Fund
Fund basics
Returns
No CAGR is shown for an Weekly IDCW scheme, and that is deliberate. Its NAV falls by every payout it makes, so a return computed from NAV alone understates it by exactly the amount distributed — and AMFI's daily file carries no payout history to add back. A wrong number wearing the right label is worse than an honest gap. The Growth option of this same fund is the one to compare on returns.
Direct vs Regular — same portfolio, two prices
The same fund, the same manager, the same shares. The only difference is the distributor commission inside the Regular plan's expense ratio — charged every year, on the whole balance.
| Plan | NAV | 1y | 3y | 5y |
|---|---|---|---|---|
| Direct (this page) | 10.0335 | — | — | — |
| Regular | 10.0552 | — | — | — |
The two NAVs are 0.2% apart today. They started life at the same ₹10 — the whole of that gap is what the commission has taken out of the Regular plan since launch.
How it compares with its closest peers
The same category, the same plan, the same option — the only comparison that means anything. A Money Market Direct Plan Weekly IDCW scheme against another of exactly the same kind.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Money Manager Fund Aditya Birla Sun Life Mutual Fund | 0.0% | — | — | 0.9% | -6.87 | -1.8% |
| Bandhan Money Market Fund Bandhan Mutual Fund | 0.0% | — | — | 0.9% | -7.14 | -1.6% |
| DSP Money Market Fund DSP Mutual Fund | — | — | — | — | — | -0.2% |
| HSBC Money Market Fund HSBC Mutual Fund | 0.0% | — | — | 1.1% | -6.05 | -0.6% |
| ICICI Prudential Money Market Fund ICICI Prudential Mutual Fund | 0.0% | — | — | 1.1% | -5.94 | -1.4% |
| Invesco India Money Market Fund Invesco Mutual Fund | — | — | — | 1.9% | -2.99 | -0.5% |
| Mirae Asset Money Market Fund Mirae Asset Mutual Fund | — | — | — | — | — | -0.2% |
| UTI - Money Market Fund UTI Mutual Fund | 2.0% | — | — | 1.7% | -2.63 | -3.5% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Money Market scheme is
Money-market instruments maturing within a year.
Treasury bills, commercial paper and certificates of deposit. Credit risk is low by construction because the borrowers are the largest institutions in the country.
Who it suits. Conservative parking for up to a year.
How long money should stay. Up to 1 year.
Compare this scheme with others →
Questions people ask
What is the NAV of Bank of India Money Market Fund — Direct Plan — Weekly IDCW?
₹10.0335 as on 25 Aug 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of Bank of India Money Market Fund?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the Weekly IDCW option mean?
An IDCW option pays part of the fund's gains out to you, and the NAV falls by exactly what it pays. It is not extra return — it is your own money returned, taxed at your slab rate. That also means a return computed from NAV alone understates an IDCW scheme, which is why no CAGR is shown here for it.
What kind of scheme is this?
Money-market instruments maturing within a year. Treasury bills, commercial paper and certificates of deposit. Credit risk is low by construction because the borrowers are the largest institutions in the country.
How long should money stay in it?
Typically Up to 1 year. Conservative parking for up to a year.