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Bank of India Mutual Fund

AUM
₹13,871.06 cr.
No. of Schemes
77
AMC Age
18Yrs
Bank of India Mutual Fund, a collaboration between Bank of India and AXA, offers various mutual fund schemes. Founded in 2008, it focuses on matching Bank of India Mutual Fund, a collaboration between Bank of India and AXA, offers various mutual fund schemes. Founded in 2008, it focuses on matching investment goals with risk tolerance. The AMC showcases diverse funds with varying minimum investments and returns.Read More

List of Top Bank of India Mutual Fund Schemes

Fund Name
NAV
Expenses Ratio
1y Return
3Y Returns
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Fund Size (in 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

AS

Alok Singh

Fund Manager since Aug 2023 (3 years)

NG

Nitin Gosar

Fund Manager since Aug 2023 (3 years)

MB

Mithraem Bharucha

Fund Manager since Aug 2023 (3 years)

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

Scheme Category AUM (in ₹ Cr) 3-Yr Returns (%) 1-Yr Return (%)
Bank of India Credit Risk Fund Debt 114.41 37.73 6.50
Bank of India Mfg & Infra Fund Equity 523.86 21.90 5.41
Bank of India Small Cap Fund Equity 1,555.78 19.02 6.84
Bank of India Flexi Cap Fund Equity 1,991.04 18.30 3.05
Bank of India Mid & Small Cap Equity & Debt Fund Equity 1,051.92 16.22 4.70
Bank of India ELSS Tax Saver Equity 1,329.97 15.66 -2.95
Bank of India Large & Mid Cap Equity Fund Equity 356.68 14.52 0.60
Bank of India Short Term Income Fund Debt 99.44 14.35 9.48
Bank of India Balanced Advantage Fund Hybrid 132.36 13.28 -0.14
Bank of India Conservative Hybrid Fund Hybrid 65.29 13.24 3.00
Note: All data is as of February 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

1. Bank of India Credit Risk Fund

The Bank of India Credit Risk Fund is an open-ended debt scheme that primarily invests in corporate bonds rated below the highest credit quality. The fund aims to generate income and capital appreciation by taking exposure to higher-yielding securities. The fund is managed by Alok Singh and is benchmarked against the CRISIL Credit Risk Debt Index. The scheme applies an exit load of 3% if units are redeemed within 12 months, 2% if redeemed between 12 and 24 months, 1% if redeemed between 24 and 36 months, and no exit load applies thereafter.

  1. Bank of India Mfg & Infra Fund

The Bank of India Mfg & Infra Fund is an open-ended equity scheme that invests in companies from the manufacturing and infrastructure sectors. The fund seeks to generate long-term capital appreciation by identifying businesses benefiting from India's industrial growth. The fund is managed by Nitin Gosar and is benchmarked against the NIFTY Infrastructure Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.

  1. Bank of India Small Cap Fund

The Bank of India Small Cap Fund is an open-ended equity scheme focusing on small-cap stocks. The fund aims to achieve long-term capital appreciation by investing in emerging businesses with high growth potential. The fund is managed by Alok Singh and is benchmarked against the NIFTY Smallcap 250 Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.

  1. Bank of India Flexi Cap Fund

The Bank of India Flexi Cap Fund is an open-ended equity scheme that invests across large-cap, mid-cap, and small-cap stocks. The fund follows a flexible investment strategy to identify opportunities across different market segments. The fund is managed by Alok Singh and is benchmarked against the NIFTY 500 Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.

  1. Bank of India Mid & Small Cap Equity & Debt Fund

The Bank of India Mid & Small Cap Equity & Debt Fund is an open-ended hybrid scheme that invests predominantly in mid-cap and small-cap equities along with a portion in debt instruments. The fund aims to provide a balance between growth and stability. The fund is managed by Alok Singh and is benchmarked against a composite index of the NIFTY Midcap 150 Total Return Index (75%) and the CRISIL Short Term Bond Fund Index (25%). The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.

  1. Bank of India ELSS Tax Saver

The Bank of India ELSS Tax Saver is an open-ended equity-linked savings scheme that offers tax benefits under Section 80C of the Income Tax Act. The fund follows a diversified investment approach to achieve long-term capital growth. The fund is managed by Alok Singh and is benchmarked against the NIFTY 500 Total Return Index. The scheme has a lock-in period of 3 years, with no exit load applicable.

  1. Bank of India Large & Mid Cap Equity Fund

The Bank of India Large & Mid Cap Equity Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks. The fund seeks to generate long-term capital appreciation by maintaining a balanced allocation between well-established and high-growth companies. The fund is managed by Nitin Gosar and is benchmarked against the NIFTY LargeMidcap 250 Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.

  1. Bank of India Short Term Income Fund

The Bank of India Short Term Income Fund is an open-ended short-duration debt scheme that aims to generate income by investing in a mix of short-term debt instruments with low to moderate risk. The fund is managed by Mithraem Bharucha and is benchmarked against the CRISIL Short Term Bond Fund Index. The scheme applies an exit load of 0.25% if units are redeemed within 30 days from the date of allotment. No exit load applies thereafter.

  1. Bank of India Balanced Advantage Fund

The Bank of India Balanced Advantage Fund is an open-ended dynamic asset allocation scheme that balances investments between equity and debt based on market conditions. The fund aims to optimise risk-adjusted returns. The fund is managed by Alok Singh and is benchmarked against a composite index of the NIFTY 50 Total Return Index (50%) and the CRISIL Short Term Bond Fund Index (50%). The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.

  1. Bank of India Conservative Hybrid Fund

The Bank of India Conservative Hybrid Fund is an open-ended hybrid scheme that invests predominantly in debt instruments while maintaining a limited exposure to equities. The fund aims to provide regular income with potential capital appreciation. The fund is managed by Alok Singh and is benchmarked against a composite index of the CRISIL Short Term Bond Fund Index (75%) and the NIFTY 50 Total Return Index (25%). The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.

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Bank of India Mutual Fund FAQs

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.

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.

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/.

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