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BOI AXA Mutual Fund

The BOI AXA Mutual Fund is one of India’s largest Mutual Fund houses. It is a joint venture between one of the largest Public Sector Banks in India, the Bank of India or BOI, and the AXA Investment Managers group, one of the world’s largest asset management and investment corporations. Although smaller in terms of Assets under Management or AUM, BOI AXA Mutual Fund has grown from strength to strength over the past few years.

About Bank of India

Bank of India is well over a century old now. It was started by a group of like-minded businessmen in Bombay, the financial capital of British India unlike Calcutta, on September 7, 1906. It began its journey as a private bank. In the bank nationalisation drive in 1969, it was taken over by the government alongside 13 other banks.

Bank of India had very humble origins, much like most other establishments around that time. It had an initial paid up capital of Rs 50 Lakh and used to employ 50 people initially. Over the years, the bank has grown at a rapid pace and now has a significant presence across each of India’s states and Union Territories. Bank of India currently has over 5000 branches all over the country. It also has 8 NBG offices spread over India and a total of 54 zonal offices too.

The first time the Bank of India had an initial public offering or IPO was in 1997, earlier than most major financial institutions of the country. In February 2008, BOI became one of the first banks to offer a Qualified Returns Placement.

What sets Bank of Baroda apart from many other banks is its long association with the spread of technology in banking and general macroeconomic circumstances. BOI was one of the pioneers behind the payments system called SWIFT, which was the backbone of all payments system in India.

In 1989, Bank of India had another pioneering effect when it introduced a fully computerised bank branch and an ATM at the Mahalakhsmi branch in Mumbai. In 1989, there were no banks which had their personal ATM services. BOI has been held in high esteem by most major investment and ratings agencies.

In 1982, BOI had decided to adopt the Health Code System, a measure designed to rate the health of credit. BOI management has never faced serious scrutiny due to excellent banking standards, a robust checks-and-balances system, and significantly good quality of credit, BOI was one of the few banks which managed to emerge from the 2008 financial meltdown relatively unscathed.

BOI remains one of the foremost financial institutions across the world too, with 60 offices spread across 5 continents. BOI also has a decent presence across the pre-eminent financial capitals of the world including Berlin, Paris, Tokyo and London. Additionally, it is present in 22 nations around the world, which are dispersed across five continents.

Bank of India AXA Mutual Fund is known for a wide range of packages and superior returns.

About AXA

Partnering BOI in its Mutual Funds business is AXA Investment Managers or AXAIM, the leading assets management firm which is a group company of the gigantic AXA Group. The latest available financial data reveals that AXAIM has an AUM of more than Rs. 2749.93 Crores in 2022.

AXA is a French major located in the 8 arrondissement.

AXA’s IM offshoot was founded in 1994. AXA specialises in financial management and protection. AXA IM is, likewise, a market leader in assets management.

Their Investment Managers also excel at providing insurance services to both retail and corporate customers. Family funds, pension services, family offices and traditional wealth management practices are all covered by AXAIM.

AXAIM is located in 21 major countries across the world and employs more than 2000 people. Together with BOI, it has managed to make an impact on Mutual Funds in India.

Both the giants have also joined hands to work as trustees for the Mutual Funds business.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Bank of India Small Cap FundEquityVery High8.3%5₹354
Bank of India Short Term Income FundDebtModerate17.7%5₹45
Bank of India Overnight FundDebtLow4.2%5₹37
Bank of India Flexi Cap FundEquityVery High0.9%5₹308
Bank of India Manufacturing & Infrastructure FundEquityVery High7.0%4₹83
Bank of India Mid & Small Cap Equity & Debt FundHybridVery High-0.5%4₹364
Bank of India Tax Advantage FundEquityVery High-2.5%4₹609
Bank of India Conservative Hybrid FundHybridModerate20.0%4₹57
Bank of India Liquid FundDebtModerate4.3%3₹378
Bank of India Large & Mid Cap Equity FundEquityVery High-0.0%2₹211
Bank of India Balanced Advantage FundHybridVery High9.1%2₹81
BOI AXA Ultra Short Duration FundDebtLow to Moderate3.2%2₹226
Bank of India Ultra Short Duration FundDebtLow to Moderate3.9%2₹133
Bank of India Arbitrage FundHybridLow2.9%1₹15
Bank of India Bluechip FundEquityVery High-6.0%--₹137
View All

Key information about BOI AXA Trustee Services Private Limited

Mutual fund nameBOI AXA Mutual Fund
Asset management company nameBOI AXA Trustee Services Private Limited
AMC Setup Date31/3/2008
AMC Incorporation Date13/08/2007
Sponsor nameBank of India and AXA Asset Management
Trustee organisationBOI AXA Trustee Services Private Limited
Name of trusteesMr. Ravi GuptaMr. Sumant ChadhaMr. Raghu PalatMr. Simon LopezMr. A.K. BhargavaMr. S.A. Bhat
MD and CEOSandeep Dasgupta
CIOAlok Singh
Compliance OfficerAlok Singh
Investor Service OfficerN. Chandrasekaran

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How can you invest in ?

Like most other popular Mutual Funds in India, investing in BOI AXA 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 AXA 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 AXA 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. Bruno Guilloton

Mr. Guilloton is the incumbent CEO of the BOI AXA Mutual Fund division. He has been involved with the AXA-BOI joint venture in the Asia Pacific region now for more than 10 years. He was previously the Head of Equities of the AXA Assets Management section as well as the Global Head of Internal Audit at AXA IM later on. He was also with the Banque Indosuez and has worked with Indosuez Asset Management, where he was the Joint in-charge of Equity Management.

2. Mr. Robert Sherlock

Mr. Sherlock is currently the Chief of Risk Management of BOI AXA in Asia. He has extensive experience in Risk Assessment and minimising it from his previous capacities at AXA’s worldwide operations where he was the Internal Audit Manager and Risk Officer. Post his joining AXA AM, he has held a series of high-level executive posts, including the acting CRO of AXA Framlington. Mr. Sherlock is a highly feted Chartered Accountant who has also worked with KPMG in their offices at London and Hong Kong.

3. Mr. Devender Paul Sharma

Mr. Devender Paul Sharma is currently the Associate Director of BOI AXA Mutual Funds. He has been with the Bank of India family for over 37 years now. Mr. Sharma has years of extensive experience in many disciplines including Retail and NBG banking, HR, International Banking and Corporate Banking. He is currently attached to the headquarters of BOI in Mumbai as the head of Customer Excellence, PR, Marketing and Resource Mobilisation.

4. Mr. Ajit Kumar Mishra

Mr. Mishra joined the BOI family in 1984 and is now the General Manager of BOI. He has worked for more than 5 years at the Banker’s Training College and is a well-regarded professional with exposure to Economic Intelligence, Audits, Planning and Strategy.

5. Mr. Sudhir Chand

Mr. Chand is an Electrical Engineer from BITS Pilani who has served with Crompton Greaves and Exide in the past. His professional career spans more than 40 years. He is now an Independent Director of BOI AXA Mutual Funds and is also a visiting faculty member of IIM Calcutta.

He is one of the towering figures of the HR revolution in India as well.

6. Mr. Sanjay Gupta

Mr. Gupta first made his name with American Express, a Fortune 50 company, where he was a very senior executive. He has also headed AMEX in India. Under his inspirational leadership, Mr. Gupta led to India’s first global operations centre. He has also served in several high-profile positions at a tractor major and a cola major in the past. He joined the Bank of India in 1996 and has since risen to become an Independent Director of the JV between BOI and AXA that led to the incorporation of the BOI AXA Mutual Fund.

Mr. Gupta is also regarded widely in academic circles. He is a guest faculty at Duke University Corporate Education and the Global CEO of English Helper.

Let's have a closer look

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

Bank of India Small Cap Fund Direct Growth

Fund Performance: 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₹354Cr
1Y Returns8.3%

Bank of India Short Term Income Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.24% & 2.43%. The Bank of India Short Term Income Fund comes under the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹45Cr
1Y Returns17.7%

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.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹37Cr
1Y Returns4.2%

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₹308Cr
1Y Returns0.9%

Bank of India Manufacturing & Infrastructure Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 26.85% & 14.57%. 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₹83Cr
1Y Returns7.0%

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 25.84% & 12.6%. 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₹364Cr
1Y Returns-0.5%

Bank of India Tax Advantage Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.68% & 15.32%. 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₹609Cr
1Y Returns-2.5%

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 14.48% & 6.66%. The Bank of India Conservative Hybrid Fund comes under the Hybrid category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹10,000
AUM₹57Cr
1Y Returns20.0%

Bank of India Liquid Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.07% & 5.3%. The Bank of India Liquid Fund comes under the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹378Cr
1Y Returns4.3%

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 18.75% & 10.79%. 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₹211Cr
1Y Returns-0.0%

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 9.11% & 4.51%. 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₹81Cr
1Y Returns9.1%

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%

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 4.38% & 5.73%. The Bank of India Ultra Short Duration Fund comes under the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹133Cr
1Y Returns3.9%

Bank of India Arbitrage Fund Direct Growth

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

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹15Cr
1Y Returns2.9%

Bank of India Bluechip Fund Direct Growth

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

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

Min Investment Amt₹5,000
AUM₹137Cr
1Y Returns-6.0%

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