HealthyDirect · GrowthFit for a long SIP
Bank of India Money Market Fund
Bank of India Mutual FundDebt Scheme - Money Market Fund1.7 years
The scheme seeks to generate returns with reasonable liquidity to the unitholders by investing in money market instruments.
- NAV
- 11.2509
- 29 Oct 2026
- 1Y
- +6.4%
- Trailing CAGR
- AUM
- ₹442.64 Cr
- 31 Aug 2026
- Volatility
- Low
- 0.5% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 95% of rolling 1-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Fail
1.7 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.17% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.2%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Mithraem Bharucha · 1.8 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 52.2% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.4%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+7.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.5%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +7.0%
- Calendar-day CAGR
- Excess 1Y
- +0.1%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.2%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +19%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 28 recovered episodes
- Longest recovery
- 10 days
- Trough to prior peak
11 May 2026 – 1 Jun 2026
Trough 22 May 2026 · recovered in 10 days
-0.2%
6 Jul 2026 – 17 Jul 2026
Trough 8 Jul 2026 · recovered in 9 days
-0.1%
18 Mar 2026 – 27 Mar 2026
Trough 24 Mar 2026 · recovered in 3 days
-0.1%
13 Oct 2026 – 27 Oct 2026
Trough 22 Oct 2026 · recovered in 5 days
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
37
Vs category
50
Consistency
95
Risk-adjusted
100
Drawdown
100
Mean
76
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 95% of rolling 1-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 31 holdings · top 10 are 52.2%.
- Top 5
- 26.7%
- Top 10
- 52.2%
- Largest holding
- 5.5%
- Effective holdings
- 22.9
UNION BANK OF INDIA CD 19JAN27
Financial
5.5%
GOVERNMENT OF INDIA 37116 364 DAYS TBILL 25FB27 FV RS 100
Financial
5.5%
KOTAK MAHINDRA BANK LIMITED CD 04FEB27
Financial
5.5%
AXIS BANK LIMITED CD 12FEB27
Financial
5.5%
KOTAK SECURITIES LTD 365D CP 12FEB27
Financial
5.5%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
LIC MF Money Market Fund
LIC Mutual Fund
- 1Y
- +6.5%
- 3Y
- +6.7%
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 1.92
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
TRUSTMF Money Market Fund
Trust Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.1%
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 3.03
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Union Money Market Fund
Union Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.1%
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 1.47
- 3Y win
- +3%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Franklin India Money Market Fund - Institutional Option
Franklin Templeton Asset Management (India) Private Limited
- 1Y
- +8.7%
- 3Y
- +9.0%
- Vol
- 0.5%
- Max DD
- -0.7%
- Sharpe
- 5.11
- 3Y win
- n/a
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown
ICICI Prudential Money Market Fund
ICICI Prudential Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.3%
- Vol
- 0.5%
- Max DD
- -1.2%
- Sharpe
- 1.51
- 3Y win
- +31%
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER