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
Risk
1Y Returns
Rating
Fund Size (in Cr)

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

Mr. Alok Singh is the Chief Investment Officer and Head of Investment at BOI AXA Mutual Fund. He joined BOI AXA investment in April 2012. Talking about qualifications, he has completed CFA and PGDBA from ICFAI Business School. Out of his total work experience of 20 years, Mr. Alok has dedicated 16 years to the mutual fund industry. Before BOI AXA Mutual Fund, he was associated with BNP Paribas Asset Management as Head of Fixed Income and Structured Products and UTI Bank Limited (Now Axis Bank) as an Interest Rate Trader.

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

Mr. Mithraem Bharucha has been a Fund Manager at BOI AXA Mutual Fund since August 2021. An MMS (Management Studies, Finance Concentration) by qualification, he has over 13 years of experience in the finance industry. He currently manages the BOI AXA Liquid Fund, BOI AXA Overnight Fund, BOI AXA Ultra Short Duration Fund, and BOI AXA Short Term Income Fund. Mr. Bharucha has also remained Assistant Vice President Dealer – Fixed Income at Yes Asset Management for 3 years, 11 months, and a Dealer of Fixed Income at BNP Paribas Mutual Fund for 10 years, 8 months.