NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹10.77
0.02%
NAV as on 31 Mar 26, 12:00 AM
risk
money market fund
debt
NAV as on 31 Mar 26, 12:00 AM
risk
money market fund
debt
6.29%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
6.62%p.a.
Since Inception
About Bank of India Money Market Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Bank of India Money Market Fund - Growth scheme from Bank of India Mutual Fund. It is a Money Market Fund mutual fund scheme that predominantly invests in Money Market Fund stocks of companies. Launched on Jan 2025, Bank of India Money Market Fund - Growth is Money Market Fund fund of its category with 400.65 Cr fund under management as on Mar 2026. The expense ratio of this fund is less than that of most other Fund category Money Market Fund funds.
- Bank of India Money Market Fund - Growth delivered 6.3% annual returns during the last year. It has delivered 6.6% average annual returns since the fund was launched.
- Bank of India Money Market Fund - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The Investment Objective Is To Generate Returns With Reasonable Liquidity To The Unitholders By Investing In Money Market Instruments.
Top 10 Holdings
Repo
2.30%
Net Receivables
0.06%
CENTRAL GOVERNMENT LOAN 30243 GOI 12AP26 5.63 FV RS 100
2.70%
GOVERNMENT OF INDIA 35466 364 DAYS TBILL 15JN26 FV RS 100
2.71%
INDIAN BANK CD 19JAN26
8.84%
UNION BANK OF INDIA CD 03FEB26
8.96%
AXIS BANK LIMITED CD 04FEB26
8.27%
HDFC BANK LIMITED CD 04FEB26
4.33%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 13MAR26
2.68%
ICICI SECURITIES LIMITED 365D CP 20MAR26
2.34%
Fund Managers
- Mithraem Bharucha (Jan 2025 - Present)
Key Information
View Scheme Document
Bank of India Money Market Fund - Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Bank of India Money Market Fund - Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Bank of India Money Market Fund - Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Bank of India Money Market Fund - Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Frequently Asked Questions
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