Bank of India Mutual Fund

Bank of India Mutual Fund

Best Bank of India Mutual Fund

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Bank of India Mutual Fund Key Information

  • Name of the Mutual Fund
  • Bank of India Mutual Fund
  • Address
  • Head Office 51, 5th Floor, East Wing, Kalpataru Synergy, Opp. Grand Hyatt ,Vakola Santacruz (E), Mumbai: 400055
  • Telephone Nos.
  • Phone: 022-40112300, 40479000
  • Fax Nos.
  • 022-40112300
  • E-mail
  • service@boimf.in

Bank of India Mutual Fund Managers

Mithraem Bharucha - Fixed income markets, Trading and portfolio management - Fund Manager

Mr Mithraem Bharucha has more than 14 years of expertise in the fixed income markets, including trading and portfolio management, and joined Bank of India Investment Managers in August 2021.
Before joining Bank of India Investment Managers, he worked with companies like YES Mutual Fund and BNP Paribas Mutual Fund. He has a master’s degree in business administration with a finance concentration and a bachelor’s degree in management studies from Mumbai University.

Dhruv Bhatia - Equities research and portfolio management - Fund Manager

Mr Dhruv Bhatia works as an equity fund manager at Bank of India Investment Managers and has more than ten years of experience in equities research and portfolio management. Dhruv’s most recent task had him serving as an Investment Consultant at Sixteenth Street Capital Pte.
He has previously worked as an equities research analyst for companies like AUM Fund Advisors LLP and Sahara Mutual Fund. Dhruv has an MBA from the SIES College of Management Studies in Mumbai and a Bachelor of Management Studies from the University of Mumbai.

Alok Singh - Fund Manager

Mr Singh graduated from ICFAI Business School with a CFA and PGDBA. He has held positions at BNP Paribas Asset Management and Axis Bank before joining Bank of India AMC. He has around 20 years of experience, including 16 years in the mutual fund industry.

How to Invest in the Bank of India Mutual Fund?

If you want to invest in the Bank of India, the process is extremely simple on the 5Paisa platform. 5Paisa is one of the country’s largest investing platforms, and you can easily add mutual funds to your portfolio. View More

The steps to invest in the Bank of India Mutual Fund online is as follows:

Step 1: Log in to your 5Paisa Account. If you do not have one, register and create a new 5Paisa account in 3 easy steps. Alternatively, you can download the 5Paisa app on your smartphone for Android or IOS and log in from your device.

Step 2: Search for the Bank of India Mutual Fund scheme that you want to invest in

Step 3: Select the option that is apt for your requirement and risk appetite

Step 4: Select the investment type – SIP (Systematic Investment Plan) or Lumpsum

Step 5: Input the amount that you’d like to invest and proceed with payment by clicking on the ‘Invest Now’ button

That’s it! This sums up the investment process. Once your payment is successful, you can see the Bank of India Mutual Fund reflected in your 5Paisa account in 3-4 working days. If you have selected the SIP option, the chosen amount will get deducted every month starting from the date you have made the payment.

Top 10 Bank of India Mutual Fund to Invest

  • Fund Name
  • Min SIP Investment Amt
  • AUM (Cr.)
  • 3Y Return

Bank of India Ultra Short Duration Fund – Direct Growth is an Ultra Short Duration scheme that was launched on 03-01-13 and is currently under the management of our experienced fund manager Mithraem Bharucha. With an impressive AUM of ₹152 Crores, this scheme's latest NAV is ₹3000.7303 as of 12-04-24.

Bank of India Ultra Short Duration Fund – Direct Growth scheme has delivered a return performance of 6.7% in the last 1 year, 5.2% in the last 3 years, and an 7.3% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Ultra Short Duration funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹152
  • 3Y Return
  • 6.7%

Bank of India Credit Risk Fund – Direct is an Credit Risk scheme that was launched on 27-02-15 and is currently under the management of our experienced fund manager Alok Singh. With an impressive AUM of ₹141 Crores, this scheme's latest NAV is ₹11.6568 as of 12-04-24.

Bank of India Credit Risk Fund – Direct scheme has delivered a return performance of 7% in the last 1 year, 40.7% in the last 3 years, and an 1.7% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Credit Risk funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹141
  • 3Y Return
  • 7%

Bank of India Balanced Advantage Fund – Direct Growth is an Dynamic Asset Allocation or Balanced Advantage scheme that was launched on 14-03-14 and is currently under the management of our experienced fund manager Alok Singh. With an impressive AUM of ₹121 Crores, this scheme's latest NAV is ₹25.2478 as of 12-04-24.

Bank of India Balanced Advantage Fund – Direct Growth scheme has delivered a return performance of 29.4% in the last 1 year, 15.9% in the last 3 years, and an 9.7% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Dynamic Asset Allocation or Balanced Advantage funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹121
  • 3Y Return
  • 29.4%

Bank of India Short Term Income – Direct Growth is an Short Duration scheme that was launched on 03-01-13 and is currently under the management of our experienced fund manager Mithraem Bharucha. With an impressive AUM of ₹82 Crores, this scheme's latest NAV is ₹25.8736 as of 12-04-24.

Bank of India Short Term Income – Direct Growth scheme has delivered a return performance of 6.4% in the last 1 year, 12.3% in the last 3 years, and an 6.6% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Short Duration funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹82
  • 3Y Return
  • 6.4%

Bank of India Arbitrage Fund – Direct Growth is an Arbitrage scheme that was launched on 18-06-18 and is currently under the management of our experienced fund manager Alok Singh. With an impressive AUM of ₹25 Crores, this scheme's latest NAV is ₹13.226 as of 12-04-24.

Bank of India Arbitrage Fund – Direct Growth scheme has delivered a return performance of 7.5% in the last 1 year, 4.8% in the last 3 years, and an 4.9% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Arbitrage funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹25
  • 3Y Return
  • 7.5%

Bank of India Large & Mid Cap Equity Fund – Dir Growth is an Large & Mid Cap scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Nitin Gosar. With an impressive AUM of ₹292 Crores, this scheme's latest NAV is ₹90.53 as of 12-04-24.

Bank of India Large & Mid Cap Equity Fund – Dir Growth scheme has delivered a return performance of 47% in the last 1 year, 22.7% in the last 3 years, and an 15.2% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Large & Mid Cap funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹292
  • 3Y Return
  • 47%

Bank of India Mid & Small Cap Equity & Debt Fund-Dir Growth is an Aggressive Hybrid scheme that was launched on 20-07-16 and is currently under the management of our experienced fund manager Alok Singh. With an impressive AUM of ₹665 Crores, this scheme's latest NAV is ₹36.35 as of 12-04-24.

Bank of India Mid & Small Cap Equity & Debt Fund-Dir Growth scheme has delivered a return performance of 51.1% in the last 1 year, 25% in the last 3 years, and an 18.2% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Aggressive Hybrid funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹665
  • 3Y Return
  • 51.1%

Bank of India Liquid Fund – Direct Growth is an Liquid scheme that was launched on 01-01-13 and is currently under the management of our experienced fund manager Mithraem Bharucha. With an impressive AUM of ₹1,322 Crores, this scheme's latest NAV is ₹2788.9857 as of 14-04-24.

Bank of India Liquid Fund – Direct Growth scheme has delivered a return performance of 7.3% in the last 1 year, 5.5% in the last 3 years, and an 6.8% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Liquid funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹1,322
  • 3Y Return
  • 7.3%

Bank of India ELSS Tax Saver – Direct Growth is an ELSS scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Alok Singh. With an impressive AUM of ₹1,210 Crores, this scheme's latest NAV is ₹178.34 as of 12-04-24.

Bank of India ELSS Tax Saver – Direct Growth scheme has delivered a return performance of 60% in the last 1 year, 25.9% in the last 3 years, and an 19.8% since its launch. With a minimum SIP investment of just ₹500, this scheme offers a great investment opportunity for those looking to invest in ELSS funds.

  • Min SIP Investment Amt
  • ₹500
  • AUM (Cr.)
  • ₹1,210
  • 3Y Return
  • 60%

Bank of India Flexi Cap Fund – Direct Growth is an Flexi Cap scheme that was launched on 29-06-20 and is currently under the management of our experienced fund manager Alok Singh. With an impressive AUM of ₹743 Crores, this scheme's latest NAV is ₹33.6 as of 12-04-24.

Bank of India Flexi Cap Fund – Direct Growth scheme has delivered a return performance of 67.5% in the last 1 year, 29.3% in the last 3 years, and an 37.9% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Flexi Cap funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹743
  • 3Y Return
  • 67.5%

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Frequently Asked Questions

Do I need a DEMAT account for investing in Bank of India mutual funds with 5Paisa?

You do not necessarily have to open a DEMAT account to buy Mutual Funds. With 5Paisa’s Apps – Invest App & 5paisa Mobile Trading App, you can easily invest in mutual funds. You can download 5paisa Invest App & Open an MF Account.

What are the additional benefits of investing in Bank of India mutual funds with 5Paisa?

With 5Paisa, you can easily invest in the Bank of India Mutual Fund and other investment options at the ZERO commission. In addition, investing with 5Paisa is safe and provides benefits such as Professional Management, Simple SIP or lump sum investment process, and Liquidity Transparency. You can invest in mutual funds by starting a SIP as low as INR 500 and have the flexibility to choose from a wide range of options.

How much should I invest in Bank of India Mutual Fund SIP?

Bank of India Large & Mid Cap Equity Fund’s minimum investment requirement is 5,000 in a lump sum, which is 1,000 for a systematic investment plan (SIP).

How much should I invest in an IDFC Mutual Fund SIP?

To know the right amount to invest in any mutual fund, one needs to understand the risk involved and the tenure of the investment and fix the amount they are most comfortable with based on their financial goals.

How much should I invest in the Bank of India Mutual fund?

To know the right amount to invest in any mutual fund, one needs to understand the risk involved and the tenure of the investment and fix the amount they are most comfortable with based on their financial goals.

Can you stop the Bank of India mutual fund online?

Yes, you can stop any SIP online at any time. All you need to do is place a Cancel SIP request. To stop or cancel the SIP, you can do so from the BOI website or do it via the 5Paisa account by following the steps below:

● Go to Mutual Fund order Book
● Click on the SIP section
● Click on the BOI scheme that you wish to stop
● Click on the Stop SIP button

That’s it! Your SIP will be stopped, and you can restart the SIP at any time.

Can you increase the SIP amount for the Bank of India mutual fund?

You can easily increase the SIP amount at any time. To do so, follow the process below:
● Go to the SIP section and select the SIP that you want to increase/revise the amount for
● Once you have selected the SIP of your choice, choose the EDIT SIP option
● Update the SIP amount, frequency, or instalment date as per your preference
● Once you have updated the details, you will receive a notification about the revisions to your SIP.

How many investment options does Bank of India AMC offer?

With Bank of India AMC, investors can consider multiple financial assets via diverse offerings and products such as Equity, Debt, and Hybrid.

Who are the top fund managers of Bank of India Mutual Fund

Mr Mithraem Bharucha and. Mr Dhruv Bhatia are the top fund managers of the Bank of India Mutual Fund

What is the minimum amount to start a Bank of India mutual fund online?

The minimum amount for the Bank of India mutual fund depends upon the selected fund type and the fund duration.

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