BOI AXA Investment Managers Pvt. Ltd. was established in 2012 as a joint venture between the Bank of India and AXA Investment Managers, a subsidiary of the AXA Group. They have over 5000 branches in India and have branches in 22 other countries, while AXA IM is an asset manager with a total AUM of EUR 858 billion.
BOI AXA offers over 10 different mutual fund schemes, including equity, debt funds and the best BOI AXA hybrid mutual funds.
Hybrid funds invest in a combination of equity and debt assets and sometimes money market instruments. This reduces the high risks associated with equity funds while obtaining higher returns compared to debt funds. Hybrid funds distribute wealth in different asset classes and subclasses to meet the investment objective of a scheme.
BOI AXA offers around 4 different hybrid mutual funds with various asset allocations between equities and debt instruments.
These mutual funds balance steady returns with low levels of risks, making them popular among many people. The best BOI AXA hybrid mutual funds distribute their wealth in different asset classes and subclasses to withstand market fluctuations. Hybrid funds offer multiple asset allotment options with varying equities, debt or money market components to suit other investment objectives.
Based on asset allocation between debt and equities, the best BOI AXA hybrid mutual funds can be aggressive, conservative or balanced. Aggressive funds focus on equities investing anywhere from 65% to 80% of assets in stocks for the best returns. Meanwhile, conservative funds invest 75% to 90% in debt or money market instruments. A balanced fund invests in equities and debt in a ratio of 60:40 for a long-term capital generation with little risks.
Other options for hybrid funds include arbitrage funds, which generate income by buying/selling items based on price differences. A monthly income plan (MIP) invests 80% in debt instruments, while dynamic asset allocation offers a flexible option between 100% debt and 100% equities. Multi-asset fund offers a combination of investment options, including debt, equities and money market instruments.
Before choosing the best BOI AXA hybrid mutual funds among the different types, investors need to consider factors like taxability.
LTCG (Long-term Capital Gains Tax): The LTCG for equity-oriented funds, i.e. funds with over 65% asset allocation in equities, is 10%. For debt-oriented funds held for more than three years, LTCG is applicable at a 20% rate with indexation.
STCG (Short-term Capital Gains Tax): For equity-oriented funds held for less than a year, STCG is applied at 15%. When debt-oriented funds are held for less than three years, STCG is added to the income tax and charged as per the appropriate tax slab.
TDS: TDS does not apply for capital gains from hybrid funds.
Other essential parameters to consider before selecting the best BOI AXA hybrid mutual funds 2023 are:
Financial goals: Risk-averse investors, which typically include retirees, may try hybrid funds to supplement their pensions. Budding investors unsure about stepping into the equity markets may also turn towards hybrid funds. This is because the diverse portfolio of hybrid funds offers a high degree of stability that allows new investors to try their luck on equity markets safely.
Expected returns: Hybrid funds do not guarantee returns. They have an equity portion whose returns depend on market conditions. Therefore, it is important to analyze a scheme's portfolio before investing. Aggressive funds with more equity components will show returns that correlate more to the state of the market. Conservative funds and Fixed Monthly Plans are the top BOI AXA hybrid mutual funds for the risk-averse as they have a large debt component.
Risk assessment: Hybrid funds are less volatile than equity funds but less risk-free than pure debt funds. They work well for investing in equity markets with protection from extreme volatility in the stock markets. Having a higher debt component lowers the risk factor in a hybrid fund. Debt instruments that earn income through interests are more stable and less risky than ones that rely on capital appreciation.
Expenses involved: An AMC charges a certain percentage of assets as an expense ratio. Even the best BOI AXA hybrid mutual fund levy an expense ratio. Exit load is another expense that applies when investors try to withdraw their money prematurely. It's a good idea to check for all additional expenses before investing.
Role of fund managers: Fund managers try to create a balanced portfolio based on the investment objectives of the scheme. They are responsible for equity market research, allocating funds, buying, and selling assets in favourable market circumstances. Since their expertise has a direct impact on returns, it is advisable to thoroughly check their past performance records.
Investment horizon: Longer investment horizon allows hybrid funds to generate better returns as it averages out expenses and market fluctuations. This makes a medium-term investment period of three to five years the best for generating the highest returns.
These are some of the essential factors for investors to do proper research on before choosing the best BOI AXA hybrid mutual funds.
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| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
BOI AXA Ultra Short Duration Fund | Debt | Low to Moderate | 3.2% | 2 | ₹226 |
Bank of India ELSS Tax Saver Fund | Equity | Very High | 57.0% | 5 | ₹1,210 |
Bank of India Tax Advantage Fund | Equity | Very High | 36.3% | 4 | ₹951 |
Bank of India Ultra Short Duration Fund | Debt | Low to Moderate | 6.7% | 1 | ₹152 |
Bank of India Mid & Small Cap Equity & Debt Fund | Hybrid | Very High | 51.2% | 4 | ₹665 |
Bank of India Manufacturing & Infrastructure Fund | Equity | Very High | 67.4% | 4 | ₹255 |
Bank of India Liquid Fund | Debt | Low to Moderate | 7.4% | 4 | ₹1,322 |
Bank of India Large & Mid Cap Equity Fund | Equity | Very High | 45.4% | 3 | ₹292 |
Bank of India Conservative Hybrid Fund | Hybrid | Moderately High | 14.6% | 3 | ₹71 |
Bank of India Small Cap Fund | Equity | Very High | 57.7% | 4 | ₹939 |
| View All |
Now let us jump and check about these top 10 mutual fund schemes.
Fund Performance: The BOI AXA Ultra Short Duration Fund has given 4.77% annualized returns in the past three years and 5.97% in the last 5 years. The BOI AXA Ultra Short Duration Fund comes under the Debt category of BOI AXA Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in BOI AXA Ultra Short Duration Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹226Cr |
| 1Y Returns | 3.2% |
Fund Performance: The Bank of India ELSS Tax Saver Fund has given 26.68% annualized returns in the past three years and 26.83% in the last 5 years. The Bank of India ELSS Tax Saver Fund comes under the Equity category of BOI AXA Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India ELSS Tax Saver Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,210Cr |
| 1Y Returns | 57.0% |
Fund Performance: The Bank of India Tax Advantage Fund has given 24.97% annualized returns in the past three years and 24.76% in the last 5 years. The Bank of India Tax Advantage Fund comes under the Equity category of BOI AXA Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Tax Advantage Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹951Cr |
| 1Y Returns | 36.3% |
Fund Performance: The Bank of India Ultra Short Duration Fund has given 5.29% annualized returns in the past three years and 5.47% in the last 5 years. The Bank of India Ultra Short Duration Fund comes under the Debt category of BOI AXA Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Ultra Short Duration Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹152Cr |
| 1Y Returns | 6.7% |
Fund Performance: The Bank of India Mid & Small Cap Equity & Debt Fund has given 26.27% annualized returns in the past three years and 22.84% in the last 5 years. The Bank of India Mid & Small Cap Equity & Debt Fund comes under the Hybrid category of BOI AXA Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Mid & Small Cap Equity & Debt Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹665Cr |
| 1Y Returns | 51.2% |
Fund Performance: The Bank of India Manufacturing & Infrastructure Fund has given 34.2% annualized returns in the past three years and 28.17% in the last 5 years. The Bank of India Manufacturing & Infrastructure Fund comes under the Equity category of BOI AXA Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Manufacturing & Infrastructure Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹255Cr |
| 1Y Returns | 67.4% |
Fund Performance: The Bank of India Liquid Fund has given 5.61% annualized returns in the past three years and 5.24% in the last 5 years. The Bank of India Liquid Fund comes under the Debt category of BOI AXA Mutual Funds.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,322Cr |
| 1Y Returns | 7.4% |
Fund Performance: The Bank of India Large & Mid Cap Equity Fund has given 23.93% annualized returns in the past three years and 20.35% in the last 5 years. The Bank of India Large & Mid Cap Equity Fund comes under the Equity category of BOI AXA Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Large & Mid Cap Equity Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹292Cr |
| 1Y Returns | 45.4% |
Fund Performance: The Bank of India Conservative Hybrid Fund has given 15.24% annualized returns in the past three years and 9.51% in the last 5 years. The Bank of India Conservative Hybrid Fund comes under the Hybrid category of BOI AXA Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Conservative Hybrid Fund via lump sum is ₹10,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹10,000 |
|---|---|
| AUM | ₹71Cr |
| 1Y Returns | 14.6% |
Fund Performance: The Bank of India Small Cap Fund has given 32.04% annualized returns in the past three years and 33.62% in the last 5 years. The Bank of India Small Cap Fund comes under the Equity category of BOI AXA Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Small Cap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹939Cr |
| 1Y Returns | 57.7% |
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