Two funds walk into a table. Only the numbers talk.
Monarch Overnight Fund vs Bank of India Overnight Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- AMonarch Overnight Fund
Monarch Mutual Fund- Overnight Fund
- Direct plan
- Low Risk
NAV ₹1,009.83 on 15 Nov 2026
- BBank of India Overnight Fund
Bank of India Mutual Fund- Overnight Fund
- Direct plan
- Low Risk
NAV ₹1,414.87 on 13 Nov 2026
The short version
Who comes out ahead on each measure.
Costs less
BBank of India Overnight Fund
Bank of India Overnight Fund charges 0.09% a year, against 0.17% for Monarch Overnight Fund. On ₹1 lakh that's ₹90 a year against ₹170, taken quietly from the NAV.
What your money would have become
The same amount, put into each fund on the same day.
Not enough shared history to chart these funds together yet.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
AMonarch Overnight Fund
- Strength: Low cost: 0.17% a year
- Watch out: Less than 3 years of history, too short to judge
BBank of India Overnight Fund
- Strength: In the top quarter of its category over 5 years (#1 of 27)
- Strength: Low cost: 0.09% a year
- Watch out: Earned less than a 5-year SBI FD: 5.9% a year over 5 years, against 6.05%
- Watch out: Small fund (₹88 Cr), often newer or less tested
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | AMonarch Overnight Fund | BBank of India Overnight Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | – | 5.5%#1 of 36 · avg 5.2% |
| 3 yearsPer year, over a full market mood swing | – | 6.1%#1 of 33 · avg 6% |
| 5 yearsPer year, the fairest single test | – | 5.9%#1 of 27 · avg 5.8% |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | – | 0.1%category avg 0.1% |
| Best 12 monthsIts strongest year | – | 6.9% |
| Worst 12 monthsIts weakest year | – | 3.2% |
| Odds of a gainShare of all 1-year holding periods that ended in profit | – | 100% |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 0.17% | 0.09%Best |
| Fund sizeMoney managed (AUM). Neither better nor worse | – | ₹88 Cr |
| Minimum SIPSmallest monthly amount | ₹1,000 | – |
| Lock-inTime before you can withdraw | None | None |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
AMonarch Overnight Fund
Might suit you if…
- you prefer its fund house or approach. On these numbers it is not the stand-out on any one measure
BBank of India Overnight Fund
Might suit you if…
- you care about keeping costs low, which adds up over decades