BOI AXA Mutual Fund

BOI AXA Mutual Fund is one of the world’s largest players in the mutual fund industry. It is a joint venture between Bank of India and AXA Investment Managers, two giants in their sectors. BOI AXA Investment Managers Private Limited is the investment manager of the mutual fund. It was incorporated on 13th August 2007.

The BOI AXA Investment Managers were previously known as Bharti AXA Investment Managers Private Limited (BAIM). On 7th May 2012, Bank of India acquired 51% in BAIM and became a co-sponsor along with AXA Investment Managers. Accordingly, BAIM was renamed BOI AXA Investment Managers Private Limited, and the fund was renamed BOI AXA Mutual Fund.

BOI AXA Mutual Fund offers a range of diverse products to suit investors with all kinds of risk appetites and investment horizons. In 2021, the fund operated fourteen open-ended schemes and two close-ended schemes. It also launched a new scheme, BOI AXA Flexi Cap Fund, in June 2020. The scheme has shown consistent growth, attracting more investors and assets by the day. 

BOI AXA Mutual Fund has shown rapid growth over the past few years. As of 31st March 2021, its Asset Under Management (AUM) is over Rs. 2105 crores and the live investor folios over 1.20 lakhs.

Top 10 BOI AXA Mutual Fund Schemes –

Fund Name
Category
Rating
Fund Size (in Cr)
1Y Returns
3Y Returns
5Y Returns

BOI AXA Small Cap Fund

This open-ended equity scheme invests predominantly in small-cap stocks. The scheme aims to generate long-term capital gains for investors by investing 65% to 100% of assets in equity and equity-related securities of small-cap companies with sustainable business models. 

BOI AXA Conservative Hybrid Fund

As the name suggests, this open-ended scheme invests in a mix of debt and equity instruments. The 75% to 90% investment in debt securities and money market instruments offer regular income to investors. The remaining 10 to 25% investment in equity components provides an opportunity for a higher return.

BOI AXA Tax Advantage Fund

This equity-linked saving scheme comes with an additional tax benefit under section 80C of the Income Tax Act. However, one has to lock in their fund for three years as a statutory requirement. The closed nature of the fund enables fund managers to take a long-term perspective of the portfolio without the concern of liquidity.

BOI AXA Liquid Fund

This scheme is ideal for those with a lower risk appetite seeking higher liquidity. This open-ended scheme operates on the principle of safety, liquidity, and capital preservation.

BOI AXA Mutual Fund Key Information

(As of 31st March 2021)

Name of the Mutual Fund BOI AXA Mutual Fund
Name of the Asset Management Company BOI AXA Investment Managers Private Limited
Date of Incorporation 13th August 2007
Sponsor Name Bank of India and AXA Investment Managers
Trustee Name BOI AXA Trustee Services Private Limited
Chief Executive Officer (CEO) Mr. Anthony Heredia

 

Chief Investment Officer (CIO) Mr. Alok Singh
Auditor S Panse & Co LLP, Chartered Accountants
Registered Office B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013

BOI AXA Mutual Fund- Top Fund Managers

Mr. Alok Singh

With over twenty-two (22) years of fund and asset management experience in proprietary and third-party money across asset classes like equity, debt, high-yield credit, and private debt, Mr Alok Singh is associated with Bank of India Investment Managers Pvt. Ltd. as the Chief Investment Officer. He joined BOI Mutual Fund in April 2012. Before joining Bank of India Investment Managers, he worked with BNP Paribas Asset Management as the Head of Fixed Income and Structured Products and UTI Bank Limited as Interest Rate Trader. His areas of expertise include investment banking, portfolio management, and asset management. 

Mr Alok Singh currently manages funds like Bank of India Arbitrage Fund, Bank of India Balanced Advantage Fund, Bank of India Conservative Hybrid Fund, Bank of India Credit Risk Fund, Bank of India Large & Mid Cap Fund, Bank of India Flexi Cap Fund, etc. 

Mr. Aakash Manghani

Mr. Akash Manghani has a B.E. (Information Technology) and an MBA (Executive) degree. He has over 11 years of experience tracking and investing in Indian equity markets. Mr. Aakash has spent over six years at BOI AXA tracking a wide array of sectors since July’19. He has managed the largest and most successful equity fund at BOI AXA Mutual Fund. The management of BOI AXA Tax Advantage Fund and BOI AXA Small Cap Fund has been in his skilled hands since 15th July 2019. Before BOI AXA Mutual Fund, he was associated with Pioneer Investcorp, Girik Capital, and Amdocs.

Mr. Mithraem Bharucha

With over fourteen (14) years of experience in trading, portfolio management, and fixed income, Mr Mithraem Bharucha is associated with Bank of India Investment Managers Pvt. Ltd. as a Fund Manager. Mr Bharucha joined BOI Mutual Fund in August 2021 as Fund Manager. Before joining Bank of India Investment Managers, he worked with Yes Asset Management as Assistant Vice President Dealer Fixed Income, BNP Paribas as Dealer Fixed Income, and Bombay Stock Exchange as an Intern. His educational qualifications include MMS (Finance Concentration), M.Com (Management), and BMS (Marketing). Mr Mithraem Bharucha’s areas of expertise include fixed income analysis, asset management, risk management, MIS, trading, etc.

Mr Mithraem Bharucha currently manages funds like Bank of India Ultra Short Duration Fund, Bank of India Overnight Fund, and Bank of India Liquid Fund. 

Mr Dhruv Bhatia

With an experience of more than ten (10) years in portfolio management and equity research, Mr Dhruv Bhatia is associated with Bank of India Investment Managers Pvt. Ltd. as an Equity Fund Manager. He joined BOI Mutual Fund in November 2018 as Manager – Research Analyst. He was subsequently promoted to Assistant Fund Manager – Equities, Fund Manager, Research Consultant, and Equity Fund Manager. Before joining Bank of India Investment Managers, Mr Bhatia worked with AUM Fund Advisors LLP as an Associate, Sahara Mutual Fund as Research Analyst, and Corporate Bridge Academy as Summer Intern. His educational qualifications include PGDM (Finance), BMS (Business Management), and HSC (Commerce).

Mr Dhruv Bhatia currently manages funds like Bank of India Bluechip Fund, Bank of India Midcap Tax 1, and Bank of India Small Cap.

How Can You Invest in BOI AXA Mutual Fund Schemes?

Bank of India Investment Managers Pvt. Ltd., erstwhile BOI AXA Investment Managers Pvt. Ltd., has over fourteen (14) years of experience in managing funds. It currently offers seventeen (17) mutual fund schemes across asset classes like debt, equity, and hybrid. The fund house manages funds worth INR 2,963.86 crores and over 2 lakh investors across India. 

You can invest in BOI Mutual Fund schemes easily by following the steps mentioned below:

  • Start your mutual fund journey with 5paisa’s official website.
  • Hit ‘Open Demat Account.’ Enter your Aadhar, PAN, mobile number, and email address. After this, capture a selfie and put your signature on the E-Sign form. 
  • Click on the ‘Submit’ button. 
  • Wait until the confirmation mail comes to your registered email address. Check and note the details. 
  • Reopen the official website of 5paisa and click on ‘Login.’
  • After logging in, look for ‘Bank of India Mutual Fund.’ Select the equity, debt, or hybrid scheme you want to invest in. Evaluate the scheme returns, entry load, exit load, expense ratio, and minimum investment amount before investing. 
  • Click on ‘Start SIP’ or ‘One-Time.’ ‘One-Time’ investment refers to a lump sum investment of any amount above INR 5,000. SIP refers to Systematic Investment Plan and usually starts from INR 500 every month. You can find the top BOI Mutual Fund schemes in the next section.         
  • Enter the investment details and transfer the investment amount through your preferred investment channel, such as net banking, debit or credit card, UPI, etc. After this, you can find your investment status in the order book. 

It is wise to know that BOI Mutual Fund usually credits the units to your mutual fund account within three (3) working days from the date of investment. So, you may have to wait for three days to redeem or switch your investment.

Besides providing a browser-based account opening facility, 5paisa also provides a feature-rich app. You can download the 5paisa app on your Android, Windows Phone, or iPhone and create an all-in-one account to invest in Bank of India Mutual Fund schemes. 

Comprehensive Analysis of Top-10 BOI AXA Mutual Fund Schemes 

With a legacy of fourteen (14) years in fund management, Bank of India Investment Managers Pvt. Ltd., erstwhile BOI AXA Investment Managers Pvt. Ltd., offers seventeen (17) mutual fund schemes across categories like equity, debt, and hybrid. BOI Mutual Fund has an investor base of 2 lac investors and manages assets worth INR 2,963.86 crores. The fund house allows SIP (Systematic Investment Plan), SWP (Systematic Withdrawal Plan), and STP (Systematic Transfer Plan). The following are the top mutual fund schemes of BOI:

Bank of India Balanced Advantage Fund

Bank of India Balanced Advantage Fund is the best performing Hybrid – Dynamic Asset Allocation fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of 3.83% in 5 years, 8.99% in 3 years, 9.46% in 1 year, and 7.04% since inception. The fund’s AUM is INR 72 crore (as on 30 June 2022).

5-Year Return – 3.83% 

3-Year Return – 8.99%

1-Year Return – 9.46%

Return Since Inception – 7.04%

Minimum Lumpsum Investment – INR 5,000

Minimum Additional Investment – INR 1,000

Minimum SIP Investment – INR 1,000

Benchmark – NIFTY 50 Hybrid Composite debt 50:50 Index

Entry Load – Nil

Exit Load – 1% if withdrawn before 12 months from the investment date

Fund Manager(s) – Mr Alok Singh

Bank of India Bluechip Fund

Bank of India Bluechip Fund is the best-performing Equity – Large Cap fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of -2.85% in 1 year and -1.02% since inception. The fund’s AUM is INR 120 crore (as on 30 June 2022).

1-Year Return – -2.85%

Return Since Inception – -1.02%

Minimum Lumpsum Investment – INR 5,000

Minimum Additional Investment – INR 1,000

Minimum SIP Investment – INR 1,000

Benchmark – NIFTY 100 TRI

Entry Load – Nil

Exit Load – 1% if withdrawn before 12 months from the investment date

Fund Manager(s) – Mr Dhruv Bhatia

Bank of India Conservative Hybrid Fund

Bank of India Conservative Hybrid Fund is the best performing Hybrid – Conservative fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of 6.20% in 5 years, 13.94% in 3 years, 20.67% in 1 year, and 7.74% since inception. The fund’s AUM is INR 53 crore (as on 30 June 2022).

5-Year Return – 6.20% 

3-Year Return – 13.94%

1-Year Return – 20.67%

Return Since Inception – 7.74%

Minimum Lumpsum Investment – INR 10,000

Minimum Additional Investment – INR 1,000

Minimum SIP Investment – INR 1,000

Benchmark – CRISIL Hybrid 85+15 Conservative Index

Entry Load – Nil

Exit Load – 1% if withdrawn before 12 months from the investment date

Fund Manager(s) – Mr Alok Singh

Bank of India Credit Risk Fund

Bank of India Credit Risk Fund is the best performing Debt – Credit Risk fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of -4.05% in 5 years, 13.47% in 3 years, 141.73% in 1 year, and 0.42% since inception. The fund’s AUM is INR 166 crore (as on 30 June 2022).

5-Year Return –4.05% 

3-Year Return – 13.47%

1-Year Return – 141.73%

Return Since Inception – 0.42%

Minimum Lumpsum Investment – INR 5,000

Minimum Additional Investment – INR 5,000

Minimum SIP Investment – N.A.

Benchmark – CRISIL Credit Risk Fund CII Index

Entry Load – Nil

Exit Load – 4% if withdrawn before 12 months from the investment date

Fund Manager(s) – Mr Alok Singh 

Bank of India Flexi Cap Fund

Bank of India Flexi Cap Fund is the best-performing Equity – Flexi Cap fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of -0.22% in 1 year and 33.26% since inception. The fund’s AUM is INR 245 crore (as on 30 June 2022).

1-Year Return – -0.22%

Return Since Inception – 33.26%

Minimum Lumpsum Investment – INR 5,000

Minimum Additional Investment – INR 1,000

Minimum SIP Investment – INR 1,000

Benchmark – S&P BSE 500 TRI

Entry Load – Nil

Exit Load – 1% if withdrawn before 12 months from the investment date

Fund Manager(s) – Mr Alok Singh 

Bank of India Large & Mid Cap Fund

Bank of India Large & Mid Cap Fund is the best-performing Equity – Large & Mid Cap fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of 8.82% in 5 years, 17.57% in 3 years, -0.78% in 1 year, and 12.73% since inception. The fund’s AUM is INR 182 crore (as on 30 June 2022).

5-Year Return – 8.82% 

3-Year Return – 17.57%

1-Year Return – -0.78%

Return Since Inception – 12.73%

Minimum Lumpsum Investment – INR 5,000

Minimum Additional Investment – INR 1,000

Minimum SIP Investment – INR 1,000

Benchmark – S&P BSE 250 Large MidCap TRI

Entry Load – Nil

Exit Load – 1% if withdrawn before 12 months from the investment date

Fund Manager(s) – Mr Alok Singh 

Bank of India Small Cap Fund

Bank of India Small Cap Fund is the best-performing Equity – Small Cap fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of 36.09% in 3 years, 2.12% in 1 year, and 28.50% since inception. The fund’s AUM is INR 294 crore (as on 30 June 2022).

3-Year Return – 36.09%

1-Year Return – 2.12%

Return Since Inception – 28.50%

Minimum Lumpsum Investment – INR 5,000

Minimum Additional Investment – INR 1,000

Minimum SIP Investment – INR 1,000

Benchmark – NIFTY Smallcap 250 TRI

Entry Load – Nil

Exit Load – 1% if withdrawn before 12 months from the investment date

Fund Manager(s) – Mr Dhruv Bhatia 

Bank of India Tax Advantage Fund

Bank of India Tax Advantage Fund is the best-performing Equity – ELSS fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of 13.72% in 5 years, 23.48% in 3 years, -3.08% in 1 year, and 17.91% since inception. The fund’s AUM is INR 551 crore (as on 30 June 2022).

5-Year Return – 13.72% 

3-Year Return – 23.48%

1-Year Return – -3.08%

Return Since Inception – 17.91%

Minimum Lumpsum Investment – INR 500

Minimum Additional Investment – INR 500

Minimum SIP Investment – INR 500

Benchmark – S&P BSE 500 TRI

Entry Load – Nil

Exit Load – Nil

Fund Manager(s) – Mr Alok Singh 

Bank of India Overnight Fund

Bank of India Overnight Cap Fund is the best performing Debt – Overnight fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of 3.67% in 1 year and 3.47% since inception. The fund’s AUM is INR 27 crore (as on 30 June 2022).

1-Year Return – 3.67%

Return Since Inception – 3.47%

Minimum Lumpsum Investment – INR 5,000

Minimum Additional Investment – INR 1,000

Minimum SIP Investment – N.A.

Benchmark – CRISIL Overnight Fund AI Index

Entry Load – Nil

Exit Load – Nil

Fund Manager(s) – Mr Mithraem Bharucha 

Bank of India Mid & Small Cap Equity & Debt Fund

Bank of India Large & Mid Cap Fund is the best performing Hybrid – Aggressive Hybrid fund of Bank of India Investment Managers Pvt. Ltd. The fund’s regular- growth scheme has delivered a CAGR of 11.36% in 5 years, 24.25% in 3 years, -3.02% in 1 year, and 13.31% since inception. The fund’s AUM is INR 322 crore (as on 30 June 2022).

5-Year Return – 11.36% 

3-Year Return – 24.25%

1-Year Return – -3.02%

Return Since Inception – 13.31%

Minimum Lumpsum Investment – INR 5,000

Minimum Additional Investment – INR 1,000

Minimum SIP Investment – INR 1,000

Benchmark – NIFTY Mid Small Cap 400 TRI (70), CRISIL Short-Term Bond Index (30)

Entry Load – Nil

Exit Load – 1% if withdrawn before 12 months from the investment date

Fund Manager(s) – Mr Alok Singh 

Frequently Asked Questions

You can invest in BOI Mutual Fund schemes conveniently through your all-in-one 5paisa account. Submit your PAN, Aadhar, a selfie photograph, and the E sign form to open a personalised account and invest in the best Bank of India Mutual Fund SIP schemes.  

You can calculate BOI Mutual Fund SIP by entering the investment amount, SIP tenure, the tentative interest rate, and the SIP instalment record in the SIP calculator. 

You can redeem or switch your investment in BOI Mutual Fund schemes by visiting the 5paisa platform. Log in to the platform and select the scheme you wish to redeem. Enter the number of units in the box and hit ‘Submit.’. You may redeem full units or a part of it.   

BOI offers 17 mutual fund schemes across categories like equity, debt, and hybrid. Some of its top schemes are the Bank of India Large & Mid Cap Fund, Bank of India Small Cap Fund, Bank of India Overnight Fund, Bank of India Liquid Fund, Bank of India Balanced Advantage Fund, etc. 

BOI Mutual Fund offers 17 schemes for long and short-term investments. You can open 5paisa’s official website to scan the list of top BOI MF schemes, evaluate the returns, and invest. Risk takers generally invest in Bank of India’s equity M.F. schemes, while risk-averse investors prefer investing in debt or hybrid schemes. 

Bank of India Investment Managers Pvt. Ltd., erstwhile BOI AXA Investment Managers Pvt. Ltd., is fully sponsored by Bank of India, one of India’s largest public sector banks. The Mutual Fund House manages funds worth INR 2,963.86 crores, and over 2 lakh investors maintain accounts with BOI AMC. 

Mr Sandeep Dasgupta, Chief Executive Officer, manages and controls Bank of India’s asset management business. 

 

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