Bank of India Money Market Fund vs UTI Banking & PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Money Market Fund is a Money Market fund and UTI Banking & PSU Debt Fund is a Banking & PSU fund. In the year to 30-10-2026, Bank of India Money Market Fund (Direct) returned 6.4% and UTI Banking & PSU Debt Fund (Direct) returned 5.7%. Bank of India Money Market Fund charges 0.17% a year and UTI Banking & PSU Debt Fund 0.24% (Direct plans). Their portfolios overlap 13.1%: they hold 5 of the same securities.
Bank of India Money Market Fund
Money Market
- 1 year return
- 6.4%
- Expense ratio
- 0.17%
- NAV
- ₹11.25
UTI Banking & PSU Debt Fund
Banking & PSU
- 1 year return
- 5.7%
- Expense ratio
- 0.24%
- NAV
- ₹24.15
Which is better, Bank of India Money Market or UTI Banking & PSU Debt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank of India Money Market returned more over 1 year: 6.4% against 5.7%.
- Bank of India Money Market costs less: 0.17% a year against 0.24% (Direct plans).
- Bank of India Money Market fell less in its worst fall since 05-02-2025: −0.2% against −0.4%.
- UTI Banking & PSU Debt is the larger fund: ₹1,448 Cr against ₹410 Cr.
- Their portfolios overlap 13.1%: 5 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bank of India Money Market Fund | UTI Banking & PSU Debt Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | UTI Mutual Fund |
| Category | Money Market | Banking & PSU |
| AUM | ₹410 Cr (30-09-2026) | ₹1,448 Cr (30-09-2026) |
| NAV | ₹11.25 (Direct) | ₹24.15 (Direct) |
| Expense ratio (Direct) | 0.17% | 0.24% |
| Expense ratio (Regular) | 0.54% | 0.47% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Money Market A-I Index | NIFTY Banking & PSU Debt Index A-II |
| Launch date | 04-02-2025 | 03-02-2014 |
| Minimum investment | ₹5,000 | Regular Plan-Monthly Reinvestment of IDCW- Rs.20000, Regular Plan-Monthly Payout of IDCW- Rs.20000, Regular Plan-Half-yearly Reinvestment of IDCW- Rs.20000, Regular Plan-Half-yearly Payout of IDCW- Rs.20000, Regular Plan-Growth- Rs.500, Direct Plan-Growth |
| Lock in | None | None |
| Fund managers | Mithraem Bharucha | Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Nil |
Bank of India Money Market vs UTI Banking & PSU Debt: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bank of India Money Market Fund (Direct) | +0.32% | +1.47% | +3.26% | +6.41% | -- | -- | -- |
| UTI Banking & PSU Debt Fund (Direct) | +0.29% | +1.41% | +3.21% | +5.74% | +7.47% | +7.79% | +6.46% |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | -- | -- | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
Category average: the average of the 27 Money Market funds and the 19 Banking & PSU funds, same plan type.
Bank of India Money Market vs UTI Banking & PSU Debt: Year-wise Returns
| Year | Bank of India Money MarketBank of India Money Market | UTI Banking & PSU DebtUTI Banking & PSU Debt |
|---|---|---|
| 2026to date | +5.33% | +4.86% |
| 2025 | -- | +8.04% |
| 2024 | -- | +7.92% |
| 2023 | -- | +7.01% |
| 2022 | -- | +10.57% |
| 2021 | -- | +2.95% |
Bank of India Money Market vs UTI Banking & PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 176 of them, one for each trading day from 05-02-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bank of India Money Market Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
to
Feb 2026Apr 2025
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Money Market | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.6% | 6.0% | 7.4% |
| UTI Banking & PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.1% | 5.0% | 7.8% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 05-02-2025. Past returns do not promise future returns.
Bank of India Money Market vs UTI Banking & PSU Debt: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 05-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India Money MarketBank of India Money Market Fund (Direct) | ₹2,10,000 | ₹2,22,650 | ₹12,650 | 6.6% |
| UTI Banking & PSU DebtUTI Banking & PSU Debt Fund (Direct) | ₹2,10,000 | ₹2,21,950 | ₹11,950 | 6.2% |
Bank of India Money MarketBank of India Money Market Fund (Direct)
UTI Banking & PSU DebtUTI Banking & PSU Debt Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Bank of India Money Market vs UTI Banking & PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Money Market Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.41% | +5.74% |
| Standard deviation | 0.56% | 0.65% |
| Sharpe ratio | 2.07 | 0.76 |
| Sortino ratio | 3.41 | 1.14 |
| Maximum drawdown | −0.2% (22-05-2026) | −0.3% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Money Market Fund (Direct) | UTI Banking & PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.03% | +7.16% |
| Standard deviation | 0.52% | 2.96% |
| Sharpe ratio | 2.97 | 0.44 |
| Sortino ratio | 5.37 | 0.60 |
| Maximum drawdown | −0.2% (22-05-2026) | −6.7% (30-04-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 05-02-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bank of India Money Market Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
| UTI Banking & PSU Debt Fund (Direct) | −0.4% | 06-06-2025 | 13-06-2025 | 02-07-2025 | 19 days | 0.0% |
From daily values since 05-02-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Money Market Fund (Direct)
UTI Banking & PSU Debt Fund (Direct)
Bank of India Money Market vs UTI Banking & PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Money Market Fund, September 2026; UTI Banking & PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 13.1%
- Held by both
- 5
- Only in Bank of India Money Market
- 21
- Only in UTI Banking & PSU Debt
- 37
| Security | % of Bank of India Money Market | % of UTI Banking & PSU Debt |
|---|---|---|
| Union Bank of India (19/01/2027) | 5.97% | 6.77% |
| ICICI Bank Limited (25/03/2027) | 5.90% | 5.02% |
| Small Industries Dev Bank of India (26/02/2027) | 1.19% | 3.36% |
| HDFC Bank Limited (05/03/2027) | 5.92% | 0.67% |
| Corporate Debt Market Development Fund | 0.29% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.1% means 13.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bank of India Money Market Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited (04/02/2027) | 5.96% |
| 364 Days Tbill (MD 25/02/2027) | 5.95% |
| Axis Bank Limited (12/02/2027) | 5.95% |
| Axis Finance Limited (12/02/2027) | 5.93% |
| Kotak Securities Limited (12/02/2027) | 5.93% |
Largest holdings only in UTI Banking & PSU Debt Fund
| Security | % of fund |
|---|---|
| CD - CANARA BANK - 28/01/2027 | 7.77% |
| NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 3.80% |
| NCD AXIS BANK LTD. | 3.80% |
| 7.38% GSEC 20/06/2027 | 3.48% |
| 7.61% TN SDL MAT 15/02/27. | 3.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Money Market | UTI Banking & PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.5% | 97.2% |
| Cash and others | 1.5% | 2.8% |
Bank of India Money Market vs UTI Banking & PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Money Market Fund | UTI Banking & PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.17% | 0.24% |
| Base expense ratio (Direct) | 0.14% | 0.20% |
| Total expense ratio (Regular) | 0.54% | 0.47% |
| Base expense ratio (Regular) | 0.45% | 0.40% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Bank of India Money Market with
Bank of India Money Market Fund vs UTI Banking & PSU Debt Fund: Frequently Asked Questions
What is the difference between Bank of India Money Market Fund and UTI Banking & PSU Debt Fund?
Bank of India Money Market Fund is a Money Market fund, UTI Banking & PSU Debt Fund is a Banking & PSU fund, run by Bank of India Mutual Fund and UTI Mutual Fund. Their portfolios overlap 13.1%. Bank of India Money Market Fund charges 0.17% a year and UTI Banking & PSU Debt Fund 0.24%.
Which has given higher returns, Bank of India Money Market Fund or UTI Banking & PSU Debt Fund?
Over 1 year: Bank of India Money Market Fund +6.41%, UTI Banking & PSU Debt Fund +5.74%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Money Market Fund or UTI Banking & PSU Debt Fund?
Bank of India Money Market Fund charges less: 0.17% a year against 0.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Money Market Fund and UTI Banking & PSU Debt Fund overlap?
13.1%. They hold 5 of the same securities, the largest shared ones being Union Bank of India (19/01/2027), ICICI Bank Limited (25/03/2027), Small Industries Dev Bank of India (26/02/2027). From each fund's latest monthly portfolio.
Which is riskier, Bank of India Money Market Fund or UTI Banking & PSU Debt Fund?
On SEBI's riskometer, Bank of India Money Market Fund is rated Low to Moderate and UTI Banking & PSU Debt Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 0.56% and 0.65% a year.
Can I invest in both Bank of India Money Market Fund and UTI Banking & PSU Debt Fund?
Yes. 13.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Money Market Fund and UTI Banking & PSU Debt Fund?
Bank of India Money Market Fund: Mithraem Bharucha. UTI Banking & PSU Debt Fund: Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.