Fund Name
Ratings
Risk
3Y Returns
AUM

Bank of India Credit Risk Fund Direct Plan

Debt Credit Risk Fund

4

Moderately High

42.03%

₹140.61 cr.

Bank of India Manufacturing and Infrastructure Fund Direct Plan Growth

Equity Sectoral / Thematic

0

Very High

31.64%

₹217.85 cr.

Bank of India Manufacturing and Infrastructure Fund Direct Plan Quarterly IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

31.63%

₹217.85 cr.

Bank of India Manufacturing and Infrastructure Fund Direct Plan Quarterly IDCW Payout

Equity Sectoral / Thematic

0

Very High

31.63%

₹217.85 cr.

Bank of India Manufacturing and Infrastructure Fund Direct Plan Regular IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

31.62%

₹217.85 cr.

Bank of India Manufacturing and Infrastructure Fund Direct Plan Regular IDCW Payout

Equity Sectoral / Thematic

0

Very High

31.62%

₹217.85 cr.

Bank of India Small Cap Fund Direct Plan IDCW Payout

Equity Small Cap Fund

2.5

Very High

30.91%

₹910.93 cr.

Bank of India Small Cap Fund Direct Plan IDCW Reinvestment

Equity Small Cap Fund

2.5

Very High

30.91%

₹910.93 cr.

Bank of India Small Cap Fund Direct Plan Growth

Equity Small Cap Fund

2.5

Very High

30.89%

₹910.93 cr.

Bank of India Flexi Cap Fund Direct Plan Growth

Equity Flexi Cap Fund

0

Very High

28.99%

₹630.37 cr.

Bank of India Flexi Cap Fund Direct Plan IDCW Payout

Equity Flexi Cap Fund

0

Very High

28.98%

₹630.37 cr.

Bank of India Flexi Cap Fund Direct Plan IDCW Reinvestment

Equity Flexi Cap Fund

0

Very High

28.98%

₹630.37 cr.

Bank of India Mid and Small Cap Equity and Debt Fund Direct Plan Growth

Hybrid Aggressive Hybrid Fund

3

Very High

26.56%

₹636.06 cr.

Bank of India Mid and Small Cap Equity and Debt Fund Direct Plan IDCW Payout

Hybrid Aggressive Hybrid Fund

3

Very High

26.49%

₹636.06 cr.

Bank of India Mid and Small Cap Equity and Debt Fund Direct Plan IDCW Reinvestment

Hybrid Aggressive Hybrid Fund

3

Very High

26.49%

₹636.06 cr.

Bank of India Tax Advantage Fund Direct Plan Growth

Equity ELSS

3

Very High

25.56%

₹1,090.31 cr.

Bank of India Tax Advantage Fund Direct Plan IDCW Payout

Equity ELSS

3

Very High

25.55%

₹1,090.31 cr.

Bank of India Large and Mid Cap Equity Fund Direct Plan Growth

Equity Large & Mid Cap Fund

1.5

Very High

23.05%

₹282.22 cr.

Bank of India Large and Mid Cap Equity Fund Direct Plan Regular IDCW Reinvestment

Equity Large & Mid Cap Fund

1.5

Very High

23%

₹282.22 cr.

Bank of India Large and Mid Cap Equity Fund Direct Plan Regular IDCW Payout

Equity Large & Mid Cap Fund

1.5

Very High

23%

₹282.22 cr.

Bank of India Large and Mid Cap Equity Fund Direct Plan Quarterly IDCW Reinvestment

Equity Large & Mid Cap Fund

1.5

Very High

22.99%

₹282.22 cr.

Bank of India Large and Mid Cap Equity Fund Direct Plan Quarterly IDCW Payout

Equity Large & Mid Cap Fund

1.5

Very High

22.99%

₹282.22 cr.

Bank of India Conservative Hybrid Fund Direct Plan Growth

Hybrid Conservative Hybrid Fund

4

Moderate

15.5%

₹67.14 cr.

Bank of India Balanced Advantage Fund Direct Plan Growth

Hybrid Dynamic Asset Allocation or Balanced Advantage

3

Very High

15.44%

₹115.34 cr.

Bank of India Conservative Hybrid Fund Direct Plan Quarterly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

4

Moderate

15.39%

₹67.14 cr.

Bank of India Conservative Hybrid Fund Direct Plan Quarterly IDCW Payout

Hybrid Conservative Hybrid Fund

4

Moderate

15.39%

₹67.14 cr.

Bank of India Conservative Hybrid Fund Direct Plan Annual IDCW Payout

Hybrid Conservative Hybrid Fund

4

Moderate

15.39%

₹67.14 cr.

Bank of India Conservative Hybrid Fund Direct Plan Annual IDCW Reinvestment

Hybrid Conservative Hybrid Fund

4

Moderate

15.39%

₹67.14 cr.

Bank of India Conservative Hybrid Fund Direct Plan Monthly IDCW Reinvestment

Hybrid Conservative Hybrid Fund

4

Moderate

15.38%

₹67.14 cr.

Bank of India Conservative Hybrid Fund Direct Plan Monthly IDCW Payout

Hybrid Conservative Hybrid Fund

4

Moderate

15.38%

₹67.14 cr.

Bank of India Balanced Advantage Fund Direct Plan IDCW Payout

Hybrid Dynamic Asset Allocation or Balanced Advantage

3

Very High

15.34%

₹115.34 cr.

Bank of India Balanced Advantage Fund Direct Plan IDCW Reinvestment

Hybrid Dynamic Asset Allocation or Balanced Advantage

3

Very High

15.34%

₹115.34 cr.

Bank of India Short Term Income Fund Direct Plan Quarterly IDCW Reinvestment

Debt Short Duration Fund

4

Moderately Low

12.45%

₹88.12 cr.

Bank of India Short Term Income Fund Direct Plan Quarterly IDCW Payout

Debt Short Duration Fund

4

Moderately Low

12.45%

₹88.12 cr.

Bank of India Short Term Income Fund Direct Plan Growth

Debt Short Duration Fund

4

Moderately Low

12.42%

₹88.12 cr.

Bank of India Short Term Income Fund Direct Plan Monthly IDCW Reinvestment

Debt Short Duration Fund

4

Moderately Low

12.41%

₹88.12 cr.

Bank of India Short Term Income Fund Direct Plan Monthly IDCW Payout

Debt Short Duration Fund

4

Moderately Low

12.41%

₹88.12 cr.

Bank of India Ultra Short Duration Fund Direct Plan Daily IDCW Reinvestment

Debt Ultra Short Duration Fund

2.5

Moderate

6.06%

₹135.85 cr.

Bank of India Liquid Fund Direct Plan Daily IDCW Reinvestment

Debt Liquid Fund

4

Moderately Low

5.52%

₹1,289.37 cr.

Bank of India Liquid Fund Direct Plan Growth

Debt Liquid Fund

4

Moderately Low

5.39%

₹1,289.37 cr.

Bank of India Liquid Fund Direct Plan Weekly IDCW Reinvestment

Debt Liquid Fund

4

Moderately Low

5.39%

₹1,289.37 cr.

Bank of India Overnight Fund Direct Plan Growth

Debt Overnight Fund

0

Low

5.16%

₹78.38 cr.

Bank of India Ultra Short Duration Fund Direct Plan Growth

Debt Ultra Short Duration Fund

2.5

Moderate

5.11%

₹135.85 cr.

Bank of India Ultra Short Duration Fund Direct Plan Weekly IDCW Reinvestment

Debt Ultra Short Duration Fund

2.5

Moderate

5.06%

₹135.85 cr.

Bank of India Overnight Fund Direct Plan Monthly IDCW Reinvestment

Debt Overnight Fund

0

Low

4.98%

₹78.38 cr.

Bank of India Overnight Fund Direct Plan Monthly IDCW Payout

Debt Overnight Fund

0

Low

4.98%

₹78.38 cr.

Bank of India Arbitrage Fund Direct Plan Growth

Hybrid Arbitrage Fund

1

Low

4.73%

₹19.73 cr.

Bank of India Arbitrage Fund Direct Plan Quarterly IDCW Payout

Hybrid Arbitrage Fund

1

Low

4.73%

₹19.73 cr.

Bank of India Arbitrage Fund Direct Plan Quarterly IDCW Reinvestment

Hybrid Arbitrage Fund

1

Low

4.73%

₹19.73 cr.

Bank of India Arbitrage Fund Direct Plan Annual IDCW Payout

Hybrid Arbitrage Fund

1

Low

4.71%

₹19.73 cr.

Bank of India Arbitrage Fund Direct Plan Annual IDCW Reinvestment

Hybrid Arbitrage Fund

1

Low

4.71%

₹19.73 cr.

Bank of India Arbitrage Fund Direct Plan Monthly IDCW Payout

Hybrid Arbitrage Fund

1

Low

4.7%

₹19.73 cr.

Bank of India Arbitrage Fund Direct Plan Monthly IDCW Reinvestment

Hybrid Arbitrage Fund

1

Low

4.7%

₹19.73 cr.

Bank of India Bluechip Fund Direct Plan IDCW Payout

Equity Large Cap Fund

0

Very High

0%

₹122.41 cr.

Bank of India Bluechip Fund Direct Plan Growth

Equity Large Cap Fund

0

Very High

0%

₹122.41 cr.

Bank of India Bluechip Fund Direct Plan IDCW Reinvestment

Equity Large Cap Fund

0

Very High

0%

₹122.41 cr.

Bank of India Multi Cap Fund Direct Plan IDCW Payout

Equity Multi Cap Fund

0

Very High

0%

₹417.55 cr.

Bank of India Multi Cap Fund Direct Plan Growth

Equity Multi Cap Fund

0

Very High

0%

₹417.55 cr.

Bank of India Multi Cap Fund Direct Plan IDCW Reinvestment

Equity Multi Cap Fund

0

Very High

0%

₹417.55 cr.

About Bank of India Mutual Fund

Bank of India is more than hundred years old and is one of the most trusted public banks in India. It has been one of the harbingers of change in the Indian financial ecosystem since the 1980s. It has a global network of branches, including those in some of the premier European capitals such as London, Paris and Berlin. The institution is known for its excellent banking standards and practices, which is perhaps why it came out of the 2008 financial crisis comparatively unscathed.

On the other hand, AXA is a major global insurance company (originating in France) which happens to also have an investment group called the AXA Investment Manager’s Group – the latter is still one of the largest asset management corporations in the world. Its services include family funds, pension services and other traditional wealth management practices.

In this case, both have collaborated to form a fund house named the Bank of India Mutual Fund. Both of them are trustees of this asset management company. As of June 2023, BOI Mutual Funds has an AUM of around ₹4,250 crore. crores. 

Learn about the Bank of India MF scheme information, past performance, and comparisons before investing in the best BOI mutual funds. Consider investing in mutual fund plans that match your investment goals, risk tolerance, and fund alternatives.

Bank of India Mutual Funds Key Information

Founding date March 31, 2008
AMC Incorporation date August 13, 2007
Headquarters in Lower Parel, Mumbai
Name of the sponsors Bank of India
Trustee organisation Bank of India Trustee Services Private Limited (Formerly BOI Star Trustee Services Private Limited | Formerly Bank of India Trustee Services Private Limited)
MD and CEO Mr. Mohit Bhatia
Chief Investment Officer Mr. Alok Singh
Compliance Officer Mr. Harish Kumar

Bank of India Mutual Fund Managers

NG

Nitin Gosar

Fund Manager since Feb 2023 (1 year)

AS

Alok Singh

Fund Manager since Apr 2022 (1 year)

MB

Mithraem Bharucha

Fund Manager since Aug 2021 (2 years)

AM

Aakash Manghani

Fund Manager since Jul 2019 (4 years)

DB

Dhruv Bhatia

Fund Manager since Apr 2022 (1 year)

How to Invest in Bank of India Mutual Fund via Angel One?

Investing in the Bank of India Mutual Fund can be easy if you use your Angel One account. All you need to do is follow these steps:

Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.

Note: In case you do not have an account with Angel One, you can open a demat account with us in under a few minutes by submitting the necessary documents.

Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:

  1. Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
  2. Analyse the fund’s past performance, tax implications, and the sectors and companies in which it invests. You can also calculate the potential returns using the calculator.
  3. Evaluate the fund’s level of risk and weigh it against your risk tolerance.
  4. Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.
  5. Consider the fund’s expense ratio to get an idea about the cost of investing in it.

Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.

  1. Decide whether you want to invest in a lump sum or via monthly SIP.
  2. Next, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking.
  3. After placing the order, in the case of the SIP route of investment, you can create a mandate to make hassle-free future instalments.

You can learn more about each fund on the Angel One app.

Documents Required To Invest in Bank of India Mutual Fund

Investing in BOI Mutual Funds through Angel One is a seamless, fully digital process, eliminating any hassles from your investment journey. To initiate the KYC process, you’ll need to provide the following crucial documents:

  1. PAN Card Details (Mandatory)
  2. Personal Information, including your Full Name, Mobile Number, and Email Address.
  3. Address Proof – Aadhar Card is recommended, and both its front and back sides are necessary.
  4. Bank Account Details, along with a cancelled cheque, if required.
  5. Nominee details and FATCA Declarations

Angel One simplifies the KYC verification, providing swift and efficient access to BOI Mutual Funds, whether you’re a new or returning investor. Our user-friendly platform makes your financial goals easily achievable. Your KYC process will be completed in just 48-72 business hours, allowing you to embark on your mutual fund journey promptly.

Top 10 Bank of India Mutual Funds To Invest In

Name of the Fund Sub Category AUM (₹in crore) Minimum Investment (₹) CAGR 3Y (%) CAGR 5Y (%)
Bank of India Credit Risk Fund Credit Risk Fund 152.5 5,000 41.53 -3.83
Bank of India Small Cap Fund Small Cap Fund 641.7 5,000 38.05
Bank of India Mfg & Infra Fund Sectoral Fund – Infrastructure 127.86 5,000 34.4 22.37
Bank of India Flexi Cap Fund Flexi Cap Fund 396.81 1,000 29.47
Bank of India Mid & Small Cap Equity & Debt Fund Aggressive Hybrid Fund 462.92 5,000 27.97 18.78
Bank of India Tax Advantage Fund Equity Linked Savings Scheme (ELSS) 843.13 500 26.72 21.55
Bank of India Midcap Tax Fund Equity Linked Savings Scheme (ELSS) 55.36 500 24.99 19.64
Bank of India Large & Mid Cap Equity Fund Large & Mid Cap Fund 229.88 5,000 24.25 16.37
Bank of India Conservative Hybrid Fund Conservative Hybrid Fund 55.68 10,000 13.86 8.49
Bank of India Balanced Advantage Fund Balanced Advantage Fund 101.55 5,000 12.51 7.7

**All data as of October 4, 2023.

Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

Bank of India Credit Risk Fund

This fund operates as a Credit Risk Fund, primarily investing in credit instruments. With an Asset Under Management (AUM) of ₹152.5 crore, the fund has a conservative approach and maintains an expense ratio of 1.22%. Over the past 3 years, it has delivered a compound annual growth rate (CAGR) of 41.53%. The minimum investment amount for this fund is ₹5,000.

Bank of India Small Cap Fund:

This fund is classified as a Small Cap Fund, focusing on smaller companies. It manages an AUM of ₹641.7 crore with a relatively low expense ratio of 0.94%. Over the last 3 years, it has provided an annual growth rate of 38.05%. The minimum investment amount for this fund is ₹5,000.

Bank of India Manufacturing and Infrastructure Fund

Operating as a Sectoral Fund in the Infrastructure sector, this fund manages an AUM of ₹127.86 crore. The expense ratio stands at 1.27%. It has delivered a CAGR of 34.4% over the past 3 years, reflecting its focus on infrastructure-related assets. The minimum investment amount for this fund is ₹5,000.

Bank of India Flexi Cap Fund

This fund functions as a Flexi Cap Fund, offering flexibility in asset allocation. It manages an AUM of ₹396.81 crore with a reasonable expense ratio of 0.99%. Over the last 3 years, it has provided an annual growth rate of 29.47%. The minimum investment amount for this fund is ₹1,000.

Bank of India Mid & Small Cap Equity & Debt Fund

Positioned as an Aggressive Hybrid Fund, this fund manages an AUM of ₹462.92 crore. Its expense ratio is 1.55%. Over the past 3 years, it has offered a CAGR of 27.97%. This fund strikes a balance between equity and debt investments. The minimum investment amount for this fund is ₹5,000.

Bank of India Tax Advantage Fund

This fund operates as an Equity Linked Savings Scheme (ELSS), designed for tax-saving purposes. It has an AUM of ₹843.13 crore and an expense ratio of 1.24%. Over the last 3 years, it has provided an annual growth rate of 26.72%. Investors can begin with a minimum investment of ₹500.

Bank of India Midcap Tax Fund

Similar to the Tax Advantage Fund, this is also an Equity Linked Savings Scheme (ELSS). It manages an AUM of ₹55.36 crore with an expense ratio of 1.49%. Over the past 3 years, it has shown a CAGR of 24.99%. The minimum investment amount for this fund is ₹500.

Bank of India Large and Mid Cap Equity Fund

This fund falls into the Large & Mid Cap category, offering diversification across both large and mid-sized companies. It manages an AUM of ₹229.88 crore with an expense ratio of 1.56%. Over the last 3 years, it has provided an annual growth rate of 24.25%. The minimum investment amount for this fund is ₹5,000.

Bank of India Conservative Hybrid Fund

As a Conservative Hybrid Fund, this scheme seeks a balance between safety and returns. It manages an AUM of ₹55.68 crore with an expense ratio of 1.95%. Over the past 3 years, it has delivered a CAGR of 13.86%. The minimum investment amount for this fund is ₹10,000.

Bank of India Balanced Advantage Fund

This fund operates as a Balanced Advantage Fund, aiming for a mix of equity and debt instruments to manage risk and returns. It has an AUM of ₹101.55 crore and an expense ratio of 1.64%. Over the last 3 years, it has provided an annual growth rate of 12.51%. The minimum investment amount for this fund is ₹5,000.

Mutual Funds Calculator

Bank of India Mutual Fund FAQs

How to start Bank of India Mutual Fund SIP online?

You can start Bank of India Trustee Services Private Limited SIP online on the go. Invest in Bank of India Trustee Services Private Limited SIP online through the Angel One app or web platform for a hassle-free investing experience. Doing this will allow you to track all your investments in one place. Alternatively, you can visit the Bank of India Trustee Services Private Limited's official website to start a SIP online.

Which scheme is the best in Bank of India Mutual Fund?

The best scheme in Bank of India Mutual Fund should align with your investment objectives and risk appetite. Here's what you can do:

  • Read the fund's prospectus and other documents.
  • Consider your investment goals.
  • Evaluate the performance of the scheme.
  • Understand the costs involved.
  • Seek professional advice if needed.

How to redeem Bank of India Mutual Fund online?

You can redeem your units from Bank of India Investment Managers Pvt. Ltd. in two ways - via AMC’s website and Angel One. For the latter route, head to the Mutual Funds section under the Angel One App or visit https://www.angelone.in/mutual-funds/.

Are Bank of India Mutual Fund schemes tax-free?

Some funds fall under the category of equity-linked savings schemes or ELSS that allow you to claim a tax deduction of up to ₹1.5 lakh under Section 80C every financial year from your taxable income.

Who owns the Bank of India Mutual Fund?

Bank of India Mutual Fund is owned by Bank of India Investment Managers Pvt. Ltd., a subsidiary of the Bank of India.