Bank of India Mutual Fund has announced changes to minimum SIP amounts across multiple schemes, with the new policy effective July 21, 2026. According to reports from Value Research, the AMC has implemented these modifications to standardize redemption procedures across its various fund offerings, representing a comprehensive review of operational efficiency measures.
The AMC has implemented specific reductions across Bank of India Balanced Advantage Fund, Multi Asset Allocation Fund, and Multi Cap Fund for both monthly and weekly SIP frequencies. As per the latest announcement, the monthly SIP minimum has been reduced from ₹1,000 to ₹250 for all three schemes, while the weekly SIP minimum has been reduced from ₹1,000 to ₹250 for all three schemes as well. This represents a significant reduction in the entry barrier for systematic investment plans across these fund categories.
The policy change represents a standardization effort by Bank of India Mutual Fund to streamline redemption processes across their fund portfolio and reduce barriers to entry for retail investors. As reported by Value Research, the implementation affects multiple schemes, suggesting a systematic approach to operational efficiency in the mutual fund industry, particularly benefiting investors seeking to invest in these specific fund categories.
Bank of India Mid & Small Cap Equity & Debt Fund has demonstrated strong performance metrics with ₹1,695 crore AUM as of July 2026. The fund has delivered impressive returns with a CAGR of 16.59% since inception and has consistently outperformed its benchmark across multiple time periods. Over the last 1, 3 and 5 years, the fund has achieved CAGR returns of 9.22%, 20.12% and 15.27% respectively, positioning it as a top performer in the aggressive allocation category. The fund is managed by Alok Singh and has an expense ratio of 0.6% with a minimum investment requirement of ₹5,000 for lump sum and ₹1,000 for SIP.
Bank of India Overnight Fund Direct Growth has shown strong performance with ₹15,905 crore AUM as of July 16, 2026, and a latest NAV of ₹1,390.89. The fund has delivered impressive returns with a CAGR of 5.6% over 6 months, 6.3% over 1 year, 5.8% over 3 years, and 5.2% over 5 years. The scheme, launched on March 31, 2008, is managed by Mithraem Bharucha and seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities. The fund has a minimum lumpsum investment of ₹5,000 and is rated as low risk with a fund benchmark of CRISIL Liquid Overnight Index.
