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DEBT•OVERNIGHT FUND

Bank of India Overnight Fund

3 Year return

6.51%
NAV on December 12, 2025
1346.7359
1D Returns
+0.19%
Launched on January 2020(5 years)

Investment Details

N/A
Minimum SIP Amount
₹5000
Minimum one time investment
Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

₹
Your Investment₹3,600
Gain
10.72%₹386
Total Value ₹3,986

Risk Involved

scale
Your principal will be at
Very High Risk

Scheme Information

Asset Under Management
₹50.62 Cr.
Expense Ratio
0.08% (inclusive of GST)
Exit Load
Nil

Ratings

ARQ Rating
0

Ratings by other agencies

Value Research
5
Crisil
0
Morning Star
0

Tax Implications

Tax on gains as per your income tax bracket

Bank of India Mutual Fund Manager

MB

Mithraem Bharucha

Fund Manager since Jan 2025

Fund House Details

Bank of India Mutual Fund

Bank of India Mutual Fund

Asset management company

AUM
₹13,428.5 Cr.
No. of Schemes
74
Setup Date
March 2008

Peer Comparison

Comparison with other similar funds

Funds3 Y ReturnsARQ Rating
Mirae Asset Overnight Fund6.4461%
3.5
Axis Overnight Fund6.4594%
5
HSBC Overnight Fund6.4331%
2

Schemes by Bank of India Mutual Fund

List of mutual fund schemes by AMC

About Bank of India Overnight Fund Direct Plan Growth

The Bank of India Overnight Fund Direct Plan Growth is an open-ended debt mutual fund scheme that invests in overnight securities. Overnight securities are those that have a maturity of one day. This fund aims to generate income commensurate with low risk and high liquidity by investing in these securities. The Bank of India Overnight Fund Direct Plan Growth is an open-ended fund. The expense ratio of the Bank of India Overnight Fund Direct Plan Growth is lower than the category average.

Investment Objectives of the Scheme

The investment objective of the Bank of India Overnight Fund Direct Plan Growth is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.

Key Features of The Fund

5-year return
5.4817%
Expense Ratio
0.08%
Fund Manager
Mithraem Bharucha
Fund Size
₹50.62 Cr.
Risk Profile
Low

Is This Scheme Right for Me?

This fund is suitable for investors who want to invest for very short term and are looking for an alternative to bank accounts/deposits. It is also suitable for investors who want to park their surplus funds for a few days or weeks. If you are looking for a safe and liquid investment option for your short-term funds, the Bank of India Overnight Fund Direct Plan Growth can be a good option. However, it is important to remember that all investments carry some risk. So, it is important to do your own research before investing.

AMC Contact Details

NameBank of India Mutual Fund
Launch DateMarch 2008
AddressBank of India Investment Managers Private Limited, B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013.
Contact022-612490001800 - 266 - 2676 1800 - 103 – 226391-22-61249024
Emailservice@boimf.in
Websitehttps://www.boimf.in/
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Plan Your Investments Efficiently

SIPs can help you invest with minimum contributions over a period of time. With Angel One's free SIP calculator online, you can set your end goal and determine the required contribution amount. Check how over time, with small contributions, you can build up enough to achieve your financial goals.

FAQs

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Bank of India Overnight Fund on December 12, 2025, is ₹1346.7359
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Bank of India Overnight Fund, is ₹50.62 crore.
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of Bank of India Overnight Fund is 0.08%
The Bank of India Overnight Fund was launched on January 27, 2020. The fund has delivered a CAGR of undefined since inception.
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Bank of India Overnight Fund is ₹undefined.
  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.
  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.
  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.
  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.

ENTER AMOUNT

₹
₹3,986 in 3Y at 6.5146% returns
SIP Date1st of every month

Your next SIP Payment will be on 14 January 2026

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