Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
BANK OF INDIA Overnight Fund Direct Plan Growth
★★★★★ monitor_heart Health Score: 75/100 · GoodBank of India Mutual Fund · Debt · Overnight Fund
₹1,392.89
AUM: ₹143 Cr
NAV updated about 2 months ago
Plan
Direct
Option
Growth
Risk
Low
Expense Ratio
0.09%
Exit Load
Nil
Fund Manager
Amit Modani
Inception
Jan 2020
Benchmark
CRISIL Liquid Overnight Index
Sharpe Ratio
-5.75
Std Dev (1Y)
0.25%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.6%
3m
+1.49%
6m
+2.77%
1y
+5.6%
3y
+6.35%
5y
+5.72%
10y
—
since inception
+5.23%
rate_review TopFund's Take on BANK OF INDIA Overnight Fund Direct Plan Growth
BANK OF INDIA Overnight Fund Direct Plan Growth holds up reasonably well within the Overnight Fund 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 75/100.
Cost: At 0.09%, the expense ratio is meaningfully cheaper — about 57% below the Overnight Fund category average of 0.21% (based on 62 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -5.75 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.25% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about BANK OF INDIA Overnight Fund Direct Plan Growth
The current NAV (Net Asset Value) of BANK OF INDIA Overnight Fund Direct Plan Growth is ₹1392.89. NAV is updated every business day after market close by AMFI.
1Y: 5.6% · 3Y CAGR: 6.35% · 5Y CAGR: 5.72%
The expense ratio is 0.09% per annum — the annual fee deducted from your investment to cover fund management costs.
BANK OF INDIA Overnight Fund Direct Plan Growth is managed by Amit Modani at Bank of India Mutual Fund.
BANK OF INDIA Overnight Fund Direct Plan Growth is a Low risk fund. Suitable for investors with a moderate risk appetite.
BANK OF INDIA Overnight Fund Direct Plan Growth is a Overnight Fund fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of BANK OF INDIA Overnight Fund Direct Plan Growth is ₹143 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.