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.
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
Bank of India ELSS Tax Saver Fund | Equity | Very High | 60.5% | 5 | ₹1,297 |
Bank of India Overnight Fund | Debt | Low | 6.9% | 5 | ₹51 |
Bank of India Manufacturing & Infrastructure Fund | Equity | Very High | 67.0% | 4 | ₹293 |
Bank of India Flexi Cap Fund | Equity | Very High | 70.7% | 4 | ₹879 |
Bank of India Small Cap Fund | Equity | Very High | 51.8% | 4 | ₹1,052 |
Bank of India Tax Advantage Fund | Equity | Very High | 36.3% | 4 | ₹951 |
Bank of India Mid & Small Cap Equity & Debt Fund | Hybrid | Very High | 52.2% | 4 | ₹724 |
Bank of India Conservative Hybrid Fund | Hybrid | Moderately High | 14.8% | 4 | ₹71 |
Bank of India Liquid Fund | Debt | Low to Moderate | 7.4% | 4 | ₹1,317 |
Bank of India Large & Mid Cap Equity Fund | Equity | Very High | 47.2% | 3 | ₹310 |
Bank of India Balanced Advantage Fund | Hybrid | Very High | 28.1% | 2 | ₹125 |
BOI AXA Ultra Short Duration Fund | Debt | Low to Moderate | 3.2% | 2 | ₹226 |
Bank of India Ultra Short Duration Fund | Debt | Low to Moderate | 6.7% | 1 | ₹145 |
Bank of India Arbitrage Fund | Hybrid | Low | 7.4% | 1 | ₹28 |
Bank of India Short Term Income Fund | Debt | Low to Moderate | 6.5% | -- | ₹76 |
| View All |
| Mutual fund name | Bank of India Mutual Fund | |||
| Asset management company name | Bank of India Investment Managers Private Limited | |||
| AMC Setup Date | March 31, 2008 | |||
| AMC Incorporation Date | August 13, 2007 | |||
| Sponsor name | Bank of India | |||
| Trustee organisation | Bank of India Trustee Services Private Limited | |||
| Name of trustees | Mr 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 CEO | Mr. Mohit Bhatia | |||
| CIO | Mr. Alok Singh | |||
| Compliance Officer | Mr. Harish Kumar | |||
| Investor Service Officer | Ms. Roshni Pawar |
— Registered with SEBI, AMFI & BSE
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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.
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.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 26.1% & 27.42%. 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 | ₹1,297Cr |
| 1Y Returns | 60.5% |
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 Returns | 6.9% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 32.01% & 28.51%. 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 | ₹293Cr |
| 1Y Returns | 67.0% |
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 | ₹879Cr |
| 1Y Returns | 70.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 27.94% & 33.75%. 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 Returns | 51.8% |
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 Returns | 36.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.45% & 23.53%. 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 | ₹724Cr |
| 1Y Returns | 52.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.99% & 9.91%. 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 | ₹71Cr |
| 1Y Returns | 14.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.73% & 5.24%. The Bank of India Liquid Fund comes under the Debt category of BOI AXA Mutual Funds.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,317Cr |
| 1Y Returns | 7.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.08% & 20.88%. 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 | ₹310Cr |
| 1Y Returns | 47.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.44% & 10.94%. 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 | ₹125Cr |
| 1Y Returns | 28.1% |
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 Returns | 3.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.38% & 5.43%. 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 | ₹145Cr |
| 1Y Returns | 6.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.98% & 4.68%. The Bank of India Arbitrage Fund comes under the Hybrid category of BOI AXA Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Bank of India Arbitrage Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹28Cr |
| 1Y Returns | 7.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.38% & 4.26%. The Bank of India Short Term Income Fund comes under the Debt category of BOI AXA Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Bank of India Short Term Income Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹76Cr |
| 1Y Returns | 6.5% |
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