Bank of India Mutual Fund launches Bank of India Money Market Fund

NFO period: 28^th January – 03^rd February, 2025

Highlights of the NFO:

• Scheme type – An open ended debt scheme investing in money market instruments. A Relatively Low interest rate risk and moderate Credit Risk


• Investment objective – The investment objective is to generate returns with reasonable liquidity to the unitholders by investing in money market instruments. There is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking regular income over short to medium term by investing in Money Market instruments with maturity upto one year.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (Re-investment of IDCW and payout of IDCW option).


• Fund Managers – Mr. Mithraem Bharucha


• Benchmark – CRISIL Money Market A-1 Index