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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.
| 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 |
NG
Nitin Gosar
Fund Manager since Feb 2023 (1 year)
AS
Alok Singh
Fund Manager since Feb 2024 (2 months)
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 (2 years)
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:
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.
You can learn more about each fund on the Angel One app.
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:
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.
| 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The best scheme in Bank of India Mutual Fund should align with your investment objectives and risk appetite. Here's what you can do:
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/.
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