Bank of India Money Market Fund - Direct - Growth

Bank of India Money Market Fund - Direct - Growth ranks among the stronger performers in the Money Market category, backed by a 5-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 91/100.

Cost: At 0.18%, the expense ratio runs 12% above the Money Market category average of 0.16%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.46 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 0.54% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to conservative investors prioritising capital stability and predictable income over high growth.