Bank of India is more than hundred years old and is one of the most trusted public banks in India. It has been one of the harbingers of change in the Indian financial ecosystem since the 1980s. It has a global network of branches, including those in some of the premier European capitals such as London, Paris and Berlin. The institution is known for its excellent banking standards and practices, which is perhaps why it came out of the 2008 financial crisis comparatively unscathed.
On the other hand, AXA is a major global insurance company (originating in France) which happens to also have an investment group called the AXA Investment Manager’s Group – the latter is still one of the largest asset management corporations in the world. Its services include family funds, pension services and other traditional wealth management practices.
In this case, both have collaborated to form a fund house named the Bank of India Mutual Fund. Both of them are trustees of this asset management company. As of June 2023, BOI Mutual Funds has an AUM of around ₹4,250 crore. crores.
Learn about the Bank of India MF scheme information, past performance, and comparisons before investing in the best BOI mutual funds. Consider investing in mutual fund plans that match your investment goals, risk tolerance, and fund alternatives.
| Founding date | March 31, 2008 |
| AMC Incorporation date | August 13, 2007 |
| Headquarters in | Lower Parel, Mumbai |
| Name of the sponsors | Bank of India |
| Trustee organisation | Bank of India Trustee Services Private Limited (Formerly BOI Star Trustee Services Private Limited | Formerly Bank of India Trustee Services Private Limited) |
| MD and CEO | Mr. Mohit Bhatia |
| Chief Investment Officer | Mr. Alok Singh |
| Compliance Officer | Mr. Harish Kumar |
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Nitin Gosar
Fund Manager since Feb 2023 (2 years)
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Mr. Gosar is currently serving as ‘Fund Manager’ at Bank of India Mutual Fund. Before this, he was working at Invesco Asset Management (India) Pvt Ltd. He also worked with Batlivala & Karani Securities, SKP Securities and NDA Securities. Nitin holds a BMS degree and a Master's degree in Finance from ICFAI.
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Alok Singh
Fund Manager since Aug 2024 (8 months)
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Alok Singh is a Chartered Financial Analyst (CFA) and did his PGDBA from ICFAI Business School. He worked at BNP Paribas Asset Management and Axis Bank before joining Bank of India AMC.
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Mithraem Bharucha
Fund Manager since Jan 2020 (5 years)
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Mr. Bharucha has a BMS and an MMS degree with Finance Concentration. Before joining BOI AXA Investment Managers Private Limited, he worked with YES Asset Management (India) Limited and BNP Paribas Asset Management India Pvt. Ltd, largely dealing with fixed income securities.
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Aakash Manghani
Fund Manager since Jul 2019 (5 years)
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Mr. Manghani has a Bachelors degree in Engineering. He is currently the VP, Equity Fund Manager at ICICI Prudential Life Insurance Company. Before that, he worked at BOI AXA Mutual Fund, Pioneer Investcorp Ltd. and Girik Capital and Amdocs Ltd.
Investing in the Bank of India Mutual Fund can be easy if you use your Angel One account. All you need to do is follow these steps:
Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.
Note: In case you do not have an account with Angel One, you can open a demat account with us in under a few minutes by submitting the necessary documents.
Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.
You can learn more about each fund on the Angel One app.
Investing in BOI Mutual Funds through Angel One is a seamless, fully digital process, eliminating any hassles from your investment journey. To initiate the KYC process, you’ll need to provide the following crucial documents:
Angel One simplifies the KYC verification, providing swift and efficient access to BOI Mutual Funds, whether you’re a new or returning investor. Our user-friendly platform makes your financial goals easily achievable. Your KYC process will be completed in just 48-72 business hours, allowing you to embark on your mutual fund journey promptly.
| Scheme | Category | AUM (in ₹ Cr) | 3-Yr Returns (%) | 1-Yr Return (%) |
| Bank of India Credit Risk Fund | Debt | 114.41 | 37.73 | 6.50 |
| Bank of India Mfg & Infra Fund | Equity | 523.86 | 21.90 | 5.41 |
| Bank of India Small Cap Fund | Equity | 1,555.78 | 19.02 | 6.84 |
| Bank of India Flexi Cap Fund | Equity | 1,991.04 | 18.30 | 3.05 |
| Bank of India Mid & Small Cap Equity & Debt Fund | Equity | 1,051.92 | 16.22 | 4.70 |
| Bank of India ELSS Tax Saver | Equity | 1,329.97 | 15.66 | -2.95 |
| Bank of India Large & Mid Cap Equity Fund | Equity | 356.68 | 14.52 | 0.60 |
| Bank of India Short Term Income Fund | Debt | 99.44 | 14.35 | 9.48 |
| Bank of India Balanced Advantage Fund | Hybrid | 132.36 | 13.28 | -0.14 |
| Bank of India Conservative Hybrid Fund | Hybrid | 65.29 | 13.24 | 3.00 |
Note: All data is as of February 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
The Bank of India Credit Risk Fund is an open-ended debt scheme that primarily invests in corporate bonds rated below the highest credit quality. The fund aims to generate income and capital appreciation by taking exposure to higher-yielding securities.
The fund is managed by Alok Singh and is benchmarked against the CRISIL Credit Risk Debt Index. The scheme applies an exit load of 3% if units are redeemed within 12 months, 2% if redeemed between 12 and 24 months, 1% if redeemed between 24 and 36 months, and no exit load applies thereafter.
The Bank of India Mfg & Infra Fund is an open-ended equity scheme that invests in companies from the manufacturing and infrastructure sectors. The fund seeks to generate long-term capital appreciation by identifying businesses benefiting from India’s industrial growth.
The fund is managed by Nitin Gosar and is benchmarked against the NIFTY Infrastructure Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.
The Bank of India Small Cap Fund is an open-ended equity scheme focusing on small-cap stocks. The fund aims to achieve long-term capital appreciation by investing in emerging businesses with high growth potential.
The fund is managed by Alok Singh and is benchmarked against the NIFTY Smallcap 250 Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.
The Bank of India Flexi Cap Fund is an open-ended equity scheme that invests across large-cap, mid-cap, and small-cap stocks. The fund follows a flexible investment strategy to identify opportunities across different market segments.
The fund is managed by Alok Singh and is benchmarked against the NIFTY 500 Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.
The Bank of India Mid & Small Cap Equity & Debt Fund is an open-ended hybrid scheme that invests predominantly in mid-cap and small-cap equities along with a portion in debt instruments. The fund aims to provide a balance between growth and stability.
The fund is managed by Alok Singh and is benchmarked against a composite index of the NIFTY Midcap 150 Total Return Index (75%) and the CRISIL Short Term Bond Fund Index (25%). The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.
The Bank of India ELSS Tax Saver is an open-ended equity-linked savings scheme that offers tax benefits under Section 80C of the Income Tax Act. The fund follows a diversified investment approach to achieve long-term capital growth.
The fund is managed by Alok Singh and is benchmarked against the NIFTY 500 Total Return Index. The scheme has a lock-in period of 3 years, with no exit load applicable.
The Bank of India Large & Mid Cap Equity Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks. The fund seeks to generate long-term capital appreciation by maintaining a balanced allocation between well-established and high-growth companies.
The fund is managed by Nitin Gosar and is benchmarked against the NIFTY LargeMidcap 250 Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.
The Bank of India Short Term Income Fund is an open-ended short-duration debt scheme that aims to generate income by investing in a mix of short-term debt instruments with low to moderate risk.
The fund is managed by Mithraem Bharucha and is benchmarked against the CRISIL Short Term Bond Fund Index. The scheme applies an exit load of 0.25% if units are redeemed within 30 days from the date of allotment. No exit load applies thereafter.
The Bank of India Balanced Advantage Fund is an open-ended dynamic asset allocation scheme that balances investments between equity and debt based on market conditions. The fund aims to optimise risk-adjusted returns.
The fund is managed by Alok Singh and is benchmarked against a composite index of the NIFTY 50 Total Return Index (50%) and the CRISIL Short Term Bond Fund Index (50%). The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.
The Bank of India Conservative Hybrid Fund is an open-ended hybrid scheme that invests predominantly in debt instruments while maintaining a limited exposure to equities. The fund aims to provide regular income with potential capital appreciation.
The fund is managed by Alok Singh and is benchmarked against a composite index of the CRISIL Short Term Bond Fund Index (75%) and the NIFTY 50 Total Return Index (25%). The scheme applies an exit load of 1% if units are redeemed within 365 days from the date of allotment. No exit load applies thereafter.
The best scheme in Bank of India Mutual Fund should align with your investment objectives and risk appetite. Here's what you can do:
You can redeem your units from Bank of India Investment Managers Pvt. Ltd. in two ways - via AMC’s website and Angel One. For the latter route, head to the Mutual Funds section under the Angel One App or visit https://www.angelone.in/mutual-funds/.
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