Data as on 04th feb 2025

Bank Of India Overnight Fund

Investment Objective

The investment objective of the scheme is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not assure or guarantee any returns.

Fund Manager

  • Mr. Mithraem Bharucha

    BMS and MBA

    Mr. Mithraem Bharucha
    See detail

Fund Highlights

Advantages of an Overnight Fund:

  • High Liquidity: Fund stands to provides highest liquidity within the Fixed Income mutual Fund Product segment with redemption on T+1 basis
  • No Lock in Period and No Exit Load: It offers overnight liquidity without any exit load
  • Lowest Risk Fund: This Fund category has lowest mark to market risk and lowest credit default risk
  • Stable returns: Fund is positioned to deliver consistent returns compared to other Fixed Income instruments
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Riskometer

Scheme Riskometer:

Investor understand that their principal will be at very high risk 

The above Riskometer is based on the portfolio as on 30th June, 2026.

This product is suitable for investors who are seeking*:

  • Income over short term with low risk and high liquidity
  • Investments in overnight securities having residual maturity of 1 business day.

Benchmark Riskometer: Tier 1: CRISIL Liquid Overnight Index:

Investor understand that their principal will be at very high risk

*Investor should consult their financial advisor if in doubt about whether the product is suitable for them

The above Benchmark Riskometer is based on the portfolio as on 30th June, 2026.

Potential Risk Class Matrix
Credit Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest rate Risk
Relatively Low (Class I) A-I
Moderate (Class II)
Relatively High (Class III)
Risk vs Return: Comparison of Overnight Index vs Liquid Index

Note: Annualized data for returns and Standard deviation as of Jan 16, 2019

Fund Performance

  • Scheme
  • Benchmark
Total Expense Ratio
november-2025.xlsx file downloaded successfully

Performance for Regular-Growth Plan

Current Value of Standard Investment of Rs 10000 in the
Date NAV Per Unit(Rs.) Scheme Returns(%)^ Benchmark Returns #(%) Additional Benchmark Returns # #(%) Scheme (Rs) Benchmark #(Rs) Additional Benchmark # #(Rs)
7 Days 1388.2037 5.16 % 5.18 % 5.48 % 10010 10010 10010
15 Days 1386.6194 5.19 % 5.17 % 3.48 % 10021 10021 10014
30 Days 1383.4987 5.17 % 5.18 % 3.31 % 10043 10043 10028
3 Months 1369.4937 5.82 % 5.21 % 4.65 % 10144 10129 10115
6 Months 1352.7606 5.49 % 5.13 % 4.47 % 10271 10260 10206
1 Year 1316.6338 5.54 % 5.32 % 4.21 % 10554 10532 10421
3 Years 1158.1191 6.26 % 6.15 % 6.32 % 11999 11964 12019
5 Years 1050.6794 5.75 % 5.70 % 5.67 % 13547 13193 13177
Since inception 1000.0000 5.18 % 5.13 % 5.54 % 13896 13849 14203

^ Past performance may or may not be sustained in the future
# CRISIL Liquid Overnight Index
# # CRISIL 1 Year T-Bill Index

^ Past performance may or may not be sustained in the future. *Date of Allotment - January 28, 2020.
Above returns are in Compounded Annual Growth Rate (CAGR).
@ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns.

1. Mr. Mithraem Bharucha has been managing this scheme w.e.f. August 17, 2021. In addition to this scheme, he manages 4 open ended schemes and co-manages 1 open ended scheme of Bank of India Mutual Fund.
2. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication.
3. Different plans shall have a different expense structure.

IDCW History (Regular Plan - Annual Dividend)

Record Date IDCW (`/Unit)
27-March-263.9749793
27-March-263.9749793
27-April-264.5530000
27-April-264.5530000
CLICK HERE TO VIEW THE IDCW HISTORY