Bank Of India Overnight Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026

Bank Of India Overnight Fund is a overnight fund offered by Bank of India Mutual Fund, available in Direct and Regular Plans across Daily IDCW, Weekly IDCW, Monthly IDCW, Growth. The scheme aims to generate returns commensurate with overnight rates by investing in overnight securities such as reverse repos, Tri-Party Repos (TREPS) and similar overnight maturity instruments. With multiple variants, Bank Of India Overnight Fund lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews Bank Of India Overnight Fund across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

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Bank Of India Overnight Fund Plans and Options Available

Bank Of India Overnight Fund is offered across 8 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Scheme Code	Plan	Option	ISIN (Growth / Payout)	ISIN (Reinvestment)	NAV (Rs)	NAV Date
147952	Direct Plan	Daily IDCW	-	INF761K01EV5	1000	20-Jul-2026
147950	Direct Plan	Weekly IDCW	-	INF761K01EW3	1000.0019	24-Mar-2025
147948	Direct Plan	Monthly IDCW	INF761K01EY9	INF761K01EX1	1003.0107	20-Jul-2026
147951	Direct Plan	Growth	INF761K01EU7	-	1391.6988	20-Jul-2026
147953	Regular Plan	Daily IDCW	-	INF761K01FA6	1000	20-Jul-2026
147947	Regular Plan	Weekly IDCW	-	INF761K01FB4	1000.2841	29-Jan-2026
147949	Regular Plan	Monthly IDCW	INF761K01FD0	INF761K01FC2	1002.9852	20-Jul-2026
147936	Regular Plan	Growth	INF761K01EZ6	-	1387.4132	20-Jul-2026

Investment Objective and Portfolio Approach

Bank Of India Overnight Fund seeks to generate returns commensurate with overnight rates by investing in overnight securities such as reverse repos, Tri-Party Repos (TREPS) and similar overnight maturity instruments.

In terms of portfolio construction, the scheme holds overnight securities and Tri-Party Repos with maturity of one business day, making this the shortest duration category among debt mutual funds.

Bank Of India Overnight Fund Performance and Returns

Bank Of India Overnight Fund has delivered returns that are dependent on the fund manager's portfolio decisions, market conditions and the expense ratio differential between plans; investors should check the latest factsheet for current figures. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in Bank Of India Overnight Fund

The Direct Plan of Bank Of India Overnight Fund is available for investors transacting directly with the AMC or through a registered investment advisor, and carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in Bank Of India Overnight Fund

The Growth option of Bank Of India Overnight Fund reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of Bank Of India Overnight Fund distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of Bank Of India Overnight Fund is not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, while the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. This is the annual fee deducted from the scheme's assets.

The exit load on Bank Of India Overnight Fund is typically Nil, since overnight funds are designed for very short term parking of capital; investors should confirm in the scheme information document.

Who Should Consider Bank Of India Overnight Fund

Short term parkers of capital. The scheme suits investors seeking to park surplus funds for a few days to a few months with minimal credit risk.

Conservative investors. The short maturity of the underlying portfolio in the scheme keeps interest rate and credit risk very low.

Emergency fund holders. The high liquidity of the scheme makes it a common choice for emergency or contingency funds.

Key Risks in the scheme

Credit risk. Even though the scheme invests in very short term and typically high quality instruments, a default by an issuer can affect NAV.

Interest rate risk. Very minimal given the extremely short maturity of holdings.

Liquidity risk. Typically very low for the scheme given the short maturity profile, but redemptions during market stress can be delayed.

How to Invest in Bank Of India Overnight Fund

Investors evaluating Bank Of India Overnight Fund should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in Bank Of India Overnight Fund can be made as a lump sum or through a Systematic Investment Plan of at least Rs 500 lump sum for most overnight funds, followed by regular monitoring of NAV and portfolio composition at least quarterly.

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Conclusion

Bank Of India Overnight Fund is a overnight fund scheme from Bank of India Mutual Fund available across 8 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 1391.6988 for the Direct Plan Growth option as on 20-Jul-2026 reflects the scheme's performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Frequently Asked Questions on Bank Of India Overnight Fund

What plans and options are available in Bank Of India Overnight Fund?

Ans. Bank Of India Overnight Fund is available in Direct and Regular Plans and Daily IDCW, Weekly IDCW, Monthly IDCW, Growth, giving investors 8 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of Bank Of India Overnight Fund?

Ans. The latest NAV of the Direct Plan Growth option of Bank Of India Overnight Fund is Rs 1391.6988 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of Bank Of India Overnight Fund?

Ans. The primary objective of Bank Of India Overnight Fund is to generate returns commensurate with overnight rates by investing in overnight securities such as reverse repos, Tri-Party Repos (TREPS) and similar overnight maturity instruments.

What is the difference between the Direct and Regular Plan in Bank Of India Overnight Fund?

Ans. The Direct Plan of Bank Of India Overnight Fund carries lower than the Regular Plan of the same scheme, since it excludes distributor commission, excluding distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of Bank Of India Overnight Fund?

Ans. The Regular Plan of Bank Of India Overnight Fund carries an expense ratio of not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, and the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on Bank Of India Overnight Fund?

Ans. The exit load on Bank Of India Overnight Fund is typically Nil, since overnight funds are designed for very short term parking of capital; investors should confirm in the scheme information document. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in Bank Of India Overnight Fund?

Ans. Bank Of India Overnight Fund can suit investors whose financial goals, risk appetite and investment horizon align with the overnight fund category. Consult a SEBI registered advisor to assess personal suitability.

Is Bank Of India Overnight Fund a good investment?

Ans. Bank Of India Overnight Fund can be appropriate for investors who understand the overnight fund category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.