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Bank Of India Mutual Fund

Bank of India Investment Managers Private Limited (Formerly BOI Star Investment Managers Private Limited) (Formerly BOI AXA Investment Managers Private Limited) is a wholly-owned subsidiary of Bank of India (BOI).

With over 14 years of experience in fund management, the Bank of India Investment Managers Private Limited has always ensured to meet the investment objectives of its investors. It offers approx 17 varied Mutual Fund Schemes diversified across various sectors.

The renowned Bank of India Mutual Fund team offers a plethora of investment solutions across different classes of assets.

As per the latest available financial data, Bank of India Mutual Fund has an AUM of over Rs 6554.90 crore (as on 30-Jun-2023).

The leading squad of the Bank of India Mutual Fund includes Mr Mohit Bhatia as CEO/MD, Mr Alok Singh as CIO, and Ms Roshni Pawar as Investor Service Officer.

List of Bank Of India Mutual Fund in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Bank of India ELSS Tax Saver Fund
EquityVery High59.0%5₹1,428
Bank of India Overnight Fund
DebtLow6.9%5₹109
Bank of India Overnight Fund
DebtLow6.9%5₹51
Bank of India Manufacturing & Infrastructure Fund
EquityVery High66.7%4₹404
Bank of India Flexi Cap Fund
EquityVery High69.2%4₹1,467
Bank of India Small Cap Fund
EquityVery High48.8%4₹1,052
Bank of India Small Cap Fund
EquityVery High53.7%4₹1,236
Bank of India Tax Advantage Fund
EquityVery High36.3%4₹951
Bank of India Mid & Small Cap Equity & Debt Fund
HybridVery High54.2%4₹840
Bank of India Conservative Hybrid Fund
HybridModerately High14.0%4₹73
Bank of India Liquid Fund
DebtLow to Moderate7.4%4₹1,442
Bank of India Large & Mid Cap Equity Fund
EquityVery High48.4%3₹348
Bank of India Balanced Advantage Fund
HybridVery High25.4%2₹133
Bank of India Ultra Short Duration Fund
DebtLow to Moderate6.8%2₹160
BOI AXA Ultra Short Duration Fund
DebtLow to Moderate3.2%2₹226
View All

Key information about Bank of India Investment Managers Private Limited

Mutual fund nameBank of India Mutual Fund
Asset management company nameBank of India Investment Managers Private Limited
AMC Setup DateMarch 31, 2008
AMC Incorporation DateAugust 13, 2007
Sponsor nameBank of India
Trustee organisationBank of India Trustee Services Private Limited
Name of trusteesMr Ashok K Pathak (Associate Director) Mr Ram Krishna Sinha (Independent Director) Mr. Manas Ranjan Biswal (Independent Director) Mr Arvind Kumar Jain (Independent Director)
MD and CEOMr. Mohit Bhatia
CIOMr. Alok Singh
Compliance OfficerMr. Harish Kumar
Investor Service OfficerMs. Roshni Pawar

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How Can You Invest in Bank of India(BOI) Mutual Fund?

Like most other popular Mutual Funds in India, investing in BOI Mutual Fund online takes minimal time. Thanks to unified platforms like Groww, you can start investing very soon.

Here are the steps which you must follow:

Step 1. The first step is to sign in to Groww using your password and Log-in ID. In case you are a first-time visitor, you may choose to register your account for free with Groww. Registration is easy and requires minimal documentation.

Step 2. Upload any proof of your identity. Accepted documents in this section include PAN, Aadhaar, Voter ID Card, a valid driving license from any of the 29 states of Union Territories, valid ID proof provided by either the State of Central Governments, a Passport etc.

Step 3. You must now verify your address. Any document which mentions both your name and your permanent residence will suffice.

Step 4. You have to choose your risk appetite. Go to the Bank of India Mutual Funds section on the Groww website and click on risk level you choose. You can select any one of high, moderate and low risks.

Step 5. After the risk factor is settled, select the BOI Mutual Funds in which you plan to invest straight from our website.

Step 6. If you are planning to invest a lump sum amount at once, choose the option that says “Invest One Time”. On the other hand, most people plan to set up a new SIP. Click on “Start SIP” to start investing at once.

Remember that risks and amounts invested both come into play to yield dividends. The higher the risk, the greater the returns. However, if there is market turbulence and Mutual Funds buckle under the pressure, those with highest risk levels may face exposure. Low risks likewise translate to lower yields. If you have confidence in your judgment or have access to quality service, you can opt for medium-risk Mutual Funds.

Note that your investment will reflect in your Groww account within 3-4 working days only.

Top Fund Managers

1) Mr Mithraem Bharucha

Mr Mithraem Bharucha carries an experience of over 14 years in fixed-income markets- trading and portfolio management. He joined Bank of India Investment Managers in August 2021. Before joining here, he was closely associated with BNP Paribas Mutual Fund and YES Mutual Fund.

He has a Bachelor's degree in Management Studies from Mumbai University and a Master’s degree in Business Administration with a specialization in Finance sector.

2) Mr Dhruv Bhatia

Mr Dhruv Bhatia is an Equity Fund Manager at Bank of India Investment Managers. He carries over 11 years of experience in equity research and portfolio management.

He has a Bachelor’s degree in Management Studies from the University of Mumbai and a PGDM from SIES College of Management Studies.

Before associating with Bank of India Mutual Funds, he worked with AUM Fund Advisors LLP and Sahara Mutual Fund as an equity research analyst and Sixteenth Street Capital Pte. as an Investment Consultant.

3) Mr Nitin Gosar

Mr Nitin Gosar has an experience of more than 16 years in Equity Research and Fund management. He is a Bachelor of Management Studies from Ramniranjan Jhunjhunwala College and also has a Masters's degree in Finance from The Institute of Chartered Financial Analysts of India (ICFAI).

Before joining Bank of India Investment Managers Private Limited, he worked with IFCI Financial Services, Invesco Asset Management (India) Private Ltd., SKP Securities Ltd., NDA Securities Ltd, B&K Securities, etc.

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

Bank of India ELSS Tax Saver Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.08% & 29.81%. The Bank of India ELSS Tax Saver Fund comes under the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹1,428Cr
1Y Returns59.0%

Bank of India Overnight Fund Direct Growth

Fund Performance: The Bank of India Overnight Fund comes under the Debt category of BOI AXA Mutual Funds.

Min Investment Amt₹5,000
AUM₹109Cr
1Y Returns6.9%

Bank of India Overnight Fund Direct Growth

Fund Performance: The Bank of India Overnight Fund comes under the Debt category of BOI AXA Mutual Funds.

Min Investment Amt₹5,000
AUM₹51Cr
1Y Returns6.9%

Bank of India Manufacturing & Infrastructure Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 31.72% & 32.77%. The Bank of India Manufacturing & Infrastructure Fund comes under the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Manufacturing & Infrastructure Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹404Cr
1Y Returns66.7%

Bank of India Flexi Cap Fund Direct Growth

Fund Performance: The Bank of India Flexi Cap Fund comes under the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Flexi Cap Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,467Cr
1Y Returns69.2%

Bank of India Small Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 27.19% & 33.31%. The Bank of India Small Cap Fund comes under the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Small Cap Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,052Cr
1Y Returns48.8%

Bank of India Small Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 26.71% & 38.13%. The Bank of India Small Cap Fund comes under the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Small Cap Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,236Cr
1Y Returns53.7%

Bank of India Tax Advantage Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.97% & 24.76%. The Bank of India Tax Advantage Fund comes under the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Tax Advantage Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹951Cr
1Y Returns36.3%

Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.77% & 28.39%. The Bank of India Mid & Small Cap Equity & Debt Fund comes under the Hybrid category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Mid & Small Cap Equity & Debt Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹840Cr
1Y Returns54.2%

Bank of India Conservative Hybrid Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.66% & 13%. The Bank of India Conservative Hybrid Fund comes under the Hybrid category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Conservative Hybrid Fund is ₹10,000 and for SIP, it is ₹1,000.

Min Investment Amt₹10,000
AUM₹73Cr
1Y Returns14.0%

Bank of India Liquid Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.93% & 5.25%. The Bank of India Liquid Fund comes under the Debt category of BOI AXA Mutual Funds.

Min Investment Amt₹5,000
AUM₹1,442Cr
1Y Returns7.4%

Bank of India Large & Mid Cap Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.19% & 23.74%. The Bank of India Large & Mid Cap Equity Fund comes under the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Large & Mid Cap Equity Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹348Cr
1Y Returns48.4%

Bank of India Balanced Advantage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.16% & 13.74%. The Bank of India Balanced Advantage Fund comes under the Hybrid category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Balanced Advantage Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹133Cr
1Y Returns25.4%

Bank of India Ultra Short Duration Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.56% & 5.38%. The Bank of India Ultra Short Duration Fund comes under the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Bank of India Ultra Short Duration Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹160Cr
1Y Returns6.8%

BOI AXA Ultra Short Duration Fund Direct Bonus

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.77% & 5.97%. The BOI AXA Ultra Short Duration Fund comes under the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for BOI AXA Ultra Short Duration Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹226Cr
1Y Returns3.2%

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