Bank of India Mutual Fund
Bank of India offers mutual fund products via its subsidiary Bank of India Investment Managers Private Limited. The AMC has over 15 years of experience in the fund management business. The total assets under management of this fund house stood at Rs. 5,225.12 crore as of September 2023. It has 12 branches and over 3.4 lakh investors across India.
Bank of India offers different types of mutual funds managed by fund managers with excellent track records. It offers 18 mutual fund schemes across equity, debt, and hybrid categories. Currently, Bank of India mutual fund offers 7 equity, 5 debt, and 4 hybrid schemes.
Best BOI AXA Mutual Funds
Fund Name | AUM | 1 Yr Return | Exp. Ratio | |
|---|---|---|---|---|
 Bank of India Manufacturing & Infra Direct Plan Growth | ₹514 Cr | -0.98% | 0.74% | Invest |
Bank of India Small Cap Fund Direct Growth | ₹1574 Cr | 4.69% | 0.48% | Invest |
Bank of India Flexi Cap Fund Direct Growth | ₹1962 Cr | -3.58% | 0.45% | Invest |
Bank of India ELSS Tax Saver Fund Direct Plan Growth | ₹1320 Cr | -7.49% | 0.84% | Invest |
Bank of India Large & Mid Cap Equity Fund Direct Plan Growth | ₹362 Cr | -2.75% | 1.10% | Invest |
Bank of India Bluechip Fund Direct Growth | ₹184 Cr | -6.70% | 0.90% | Invest |
Bank of India Multi Cap Fund Direct Growth | ₹778 Cr | 0.95% | 1.03% | Invest |
Bank of India Business Cycle Fund Direct Growth | ₹515 Cr | 0.00% | 1.13% | Invest |
Bank of India Consumption Fund Direct Growth | ₹388 Cr | 0.00% | 1.03% | Invest |
List of Fund Managers
Key information about Bank of India Mutual Fund
Bank of India Investment Managers Private Limited, B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013
1800 - 266 - 2676
1800 - 103 - 2263
Ms. Roshni Pawar
2261249024
Compare Bank of India Mutual Fund (Formerly known as BOI AXA Mutual Fund) with other AMCs
AMC | AUM(in Cr) | AUM change (1M) | AUM Rank | |
|---|---|---|---|---|
 Zerodha | ₹914.6 Cr | - ₹37.4 Cr | 1/45 | Invest |
 ICICI | ₹8L Cr | - ₹33.5K Cr | 4/45 | Invest |
 SBI | ₹7.4L Cr | - ₹25.7K Cr | 5/45 | Invest |
 HDFC | ₹7.6L Cr | - ₹41.8K Cr | 6/45 | Invest |
 Kotak | ₹4.6L Cr | - ₹23.1K Cr | 7/45 | Invest |
 Nippon | ₹3.9L Cr | - ₹23.4K Cr | 8/45 | Invest |
 Aditya Birla Sun Life | ₹3.7L Cr | - ₹7.6K Cr | 9/45 | Invest |
 Axis | ₹3.1L Cr | - ₹14K Cr | 10/45 | Invest |
How to Start Investing in Bank of India Mutual Funds with INDmoney
After you have understood how Bank of India Mutual Funds are, it is time for you to start your investment process with INDmoney. Below are some simple steps to follow to start your mutual fund's investment journey with us.
Step 1: Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).
Step 2: Once your Free investment account is ready, you can either search for a Bank of India mutual fund or go to the mutual fund section.
Step 3: Choose any Bank of India Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.
Step 4: You can choose to set up SIP in any Bank of India Mutual Funds or even invest as a lump sum. Once you are on the individual Bank of India mutual Fund page, click from the bottom “One-time” for lump sum investment or “SIP” for systematic investment plan.
Step 5: Choose the amount that you want to invest as SIP or Lump Sum.
Step 6: Set up payments. If you choose to set up SIP in any Bank of India mutual funds, you can do a free automatic pay set up via bank mandate or UPI. If you choose to invest in a lump sum (one-time), then you can pay via UPI, netbanking, NEFT or RTGS.
Frequently asked questions
How to calculate Bank of India Mutual Fund SIP ?
You can calculate the Daily/ Weekly/ Monthly/ Quarterly SIP Amount for all BOI AXA Mutual Funds using INDMoney’s BOI AXA SIP Calculator
How safe are investments in Bank of India mutual funds?
Like all mutual funds, Bank of India’s mutual fund business is regulated by SEBI. In that sense, it is safe. As far as the returns on your investment are concerned, nearly all mutual funds carry some market-related risks. You must do a thorough analysis of a scheme to know how much risk it carries.
How many schemes does Bank of India Mutual Fund offer?
It offers 16 mutual fund schemes. It includes 7 equity schemes, 5 debt schemes, and 4 hybrid schemes.
How are Bank of India mutual fund schemes taxed?
The taxation rate will depend on the type of scheme you have invested in and the investment period. Depending on these 2 factors, either short-term capital gains tax or long-term capital gains tax will be applicable.
How can I get the statement for a Bank of India mutual fund?
You can request a mutual fund statement by logging into the bank’s online portal. You can also use the INDmoney app to download your mutual fund statement.
Which factors should I consider before investing in a mutual fund?
Some of the factors you should consider for investing in a mutual fund are:
- Experience of the fund manager
- Past performance of the fund
- AMC’s reputation
- Your risk appetite
- Investment horizon
- Portfolio of the scheme