BOI AXA Mutual Fund
BOI AXA Investment Mngrs Private Ltd
BOI AXA Mutual Funds
About BOI AXA Mutual Funds
The BOI AXA Mutual Fund is one of India’s biggest mutual fund houses. It is the product of a joint venture between one of the largest public sector banks in India, the Bank of India (BOI), and one of the largest asset management and investment corporations, the AXA Investment Management Group. BOI AXA has grown significantly over the past few years.
BOI was established by a group of like-minded businessmen in Bombay over a century ago in 1906. It was taken over by the Indian government as a part of the bank nationalization drive in 1969. Bank of India had humble origins. The initial paid-up capital was Rs 50 Lakh, and the bank employed about 50 people in the initial stages. Currently, BOI has over 5000 branches all over the country, with 8 NBG offices in India and a total of 54 zonal offices. It remains one of the most eminent financial institutions across the world, with 60 offices in 5 contents, in financial capitals such as Berlin, Paris, Tokyo, and London.
AXA Investment Managers, or AXAIM, is one of the leading assets management firms in the world. As of 2018, AXAIM has AUM of more than EUR 730 billion. It is a French major located in 9 arrondissements and specializes in financial management and protection. Located in about 21 major countries with over 2000 employees, it has partnered with BOI to make an impact on Mutual Funds in the country. BOI and AXA have joined hands to act as trustees for the Mutual Funds Business in India.
How to invest in BOI AXA Mutual Funds
There are two primary ways of investing in BOI AXA mutual funds. You can invest either online or offline. Investing in BOI AXA mutual funds online lets you carry out and manage your investments remotely from any device. Here’s how you can start:
Step 1: First, log in to your Mobikwik account. If you do not have an account, you register and create a new account instantly.
Step 2: Complete your KYC. (Valid documentation details include Aadhaar, PAN, Voter ID card, Passport, Driving License, ID issued by either the Central or State government).
Step 3: You may need to upload an address proof or any identifying document that carries your permanent address.
Step 4: Determine your investment duration and select the best BOI AXA Mutual Fund according to your criteria.
Step 5: If you wish to invest a lump sum amount, click on “Buy Now.” Alternatively, you can start a SIP by clicking on “Start SIP.”
Your BOI AXA Mutual Fund investment should then reflect in your Mobikwik account within 3-4 working days.
Types of BOI AXA Mutual Funds
Bank of India AXA Mutual Fund is known for a wide range of schemes and superior returns. The top 10 BOI AXA Mutual Funds are as follows (all values current as of FY 2019).
BOI AXA Manufacturing and Infrastructure Direct Growth
The BOI AXA Manufacturing and Infrastructure Direct Growth MF has consistently performed well with an impressive 3.01% annual return in the last 3 years. It has performed above the benchmark in the Thematic/Sectoral division. The minimum SIP investment required to invest in this scheme is Rs 1000. In 2019, it delivered 15.96% returns.
BOI AXA Tax Advantage Direct Growth
The BOI AXA Tax Advantage Direct Growth MF has had a great 6.61% annual return in the last 3 years and has functioned well in the ELSS segment. It has a fairly low barrier to entry - with a SIP investment amount of Rs 500. In 2019, it delivered 23.44% returns.
BOI AXA Small Cap Fund Direct Growth
For the Small Cap division, BOI AXA Small Cap Fund Direct Growth MF has delivered an impressive 38.7% return in 2019. It has performed better than other funds in the category. The minimum amount for SIP investment for this scheme is Rs. 1000.
BOI AXA Ultra Short Duration Fund Direct Growth
The BOI AXA Ultra Short Duration Fund Direct Growth is one of the leading MFs in the Ultra Short Duration segment. It has given a commendable 7.2% annual return for the last three years. In 2019, it gave a return of 5.99% and the minimum SIP investment amount for this BOI mutual fund is Rs. 1000.
BOI AXA Liquid Fund Direct Growth
This debt mutual fund is one of the most notable in the Liquid segment as it has had 6.42% annual return for the past 3 years. In 2019, it delivered 4.83% returns, and the minimum amount for SIP investment in this scheme is Rs. 500.
BOI AXA Mid and Small Cap Equity and Debt Fund Direct Growth
The BOI AXA Mid and Small Cap Equity and Debt Fund Direct Growth is an MF that has recorded a 1.86% annual return for the past three years. It has performed well in the Aggressive segment and is one of the leading Hybrid mutual funds in the country. The minimum SIP investment amount for this BOI mutual fund is Rs. 1000.
BOI AXA Conservative Hybrid Fund Direct Growth
The BOI AXA Conservative Hybrid Fund Direct Growth has delivered a 0.43% annual return for the past 3 years. In 2019, it delivered an impressive 10.86% returns. The minimum amount for investment in the MF’s SIP scheme is Rs. 1000.
BOI AXA Equity Debt Rebalancer Direct Fund Growth
This BOI AXA mutual fund delivered an impressive 8% returns in 2019. For the past three years, it has delivered an annual return of 0.24%. It is growing steadily in the Balanced Advantage segment. The minimum amount for SIP investment in this BOI mutual fund is Rs. 1000.
BOI AXA Arbitrage Fund Direct Growth
This notable equity mutual fund has performed well in the Arbitrage Segment with an annual return of 4.49% in 2019. The minimum amount required to invest in the SIP scheme for BOI AXA Arbitrage Fund Direct Growth MF is Rs. 500.
BOI AXA Large and Mid Cap Equity Fund
The BOI AXA Large and Mid Cap Fund belongs to the Equity - Large & Mid cap segment, and has given a good 6.74% in annual returns for the past 5 years. It is growing in the equity mutual funds category and in 2019, it delivered an annual return of 8.82%. The minimum amount for SIP investment in this BOI mutual fund is Rs. 5000.
Documents Required to Invest in BOI AXA Mutual Funds
All the documents you’d require to complete the KYC procedure are listed below:
- Identity Proof: A scanned copy of your photo PAN card is enough, but if you have a non-photo pan card, submit a copy of that with a copy of your driver’s license/ passport/voter ID/bank photo passbook.
- Address Proof: A copy of any one of the following works as an address proof-
- Aadhaar card
- Driver’s License
- Voter ID
- Passport Size Photograph
CEO / MD
Mr Sandeep Dasgupta
B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013
Mumbai - 400013
Registrar & Transfer Agent
Karvy Fintech Pvt Ltd.
"KARVY HOUSE",46, Avenue 4, Street No.1, Banjara Hills,
Hyderabad - 500 034
M/s BSR & Co.
KPMG House, Kamala Mills Compound,448 Senapati Bapat Marg,Lower Parel
Mumbai - 400 013
Total Net Assets of BOI AXA Mutual Fund as of March 2018 - 5,311cr
BOI AXA Mutual Fund - Estimated fund Flows for March 2018
Frequently Asked Questions on BOI AXA Mutual Fund
Is BOI AXA a good fund?
BOI AXA offers a variety of mutual funds that are suitable for investors who are looking for long or short-term gains and are ready to hold some level of risk in their investment. They’re also highly accessible - with options for investment amounts as low as Rs 500.
How can I invest in BOI Mutual Fund Online?
Try Mobikwik. Using Mobikwik, you can create an account for easy investing in BOI AXA Mutual funds online. Investors can check their BOI AXA Mutual Funds Balance on the Mobikwik dashboard in real-time. Simply head over to the MF dashboard, select your BOI AXA MF, and you will also be able to track other detailed information, including the latest NAVs, total investment, gain/loss, and return on investment.
How can I sell my BOI Mutual Fund?
You can sell your AXA mutual fund through a very simple and straightforward process. Log in to your dashboard through Mobikwik, search for the Baroda MF of your choice, and select the ‘redeem option. You will also be able to track other detailed information, including the latest NAVs, total investment, gain/loss, and return on investment.
Should I invest in BOI Mutual Fund?
If you are short on time or are a beginner investor and find it difficult to track the market and knowledge to choose suitable investment options, BOI AXA MF is a worthy option. With a wide range of mutual funds to choose from, there’s room to maximize returns on your investments in a variety of ways.. Choose the desired BOI AXA mutual fund to get expert fund management, diversify exposure, and fund options that suit your objective and risk appetite.
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BOI AXA Mutual Fund Schemes
|Bank of India Arbitrage Fund Direct Growth||—||Others||12.4158||0.78%||13 cr||4.84%||3.44%||—|
|Bank of India Balanced Advantage Direct Growth||Balanced||20.3882||1.64%||94 cr||10.83%||13.24%||6.03%|
|Bank of India Conservative Hybrid Fund Direct Growth||Balanced||30.2332||1.88%||57 cr||7.57%||15.74%||7.03%|
|Bank of India Large & Mid Cap Equity Fund Direct Plan Growth||Equity||65.1||1.56%||213 cr||16.44%||26.62%||10.16%|
|Bank of India Liquid Fund Direct Plan Growth||—||Liquid||2622.0266||0.11%||861 cr||6.36%||4.39%||5.28%|
|Bank of India Manufacturing & Infra Direct Plan Growth||Equity||36.78||1.26%||95 cr||23.57%||36.34%||13.60%|
|Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth||Balanced||25.16||1.54%||392 cr||12.98%||30.29%||11.71%|
|Bank of India Short Term Income Fund Direct Plan Growth||Debt||24.5943||0.60%||81 cr||13.79%||12.14%||4.22%|
|Bank of India Small Cap Fund Direct Growth||Equity||30.83||0.97%||460 cr||20.70%||44.62%||—|
|Bank of India Tax Advantage Fund Direct Plan Growth||Equity||118.69||1.29%||739 cr||17.44%||30.26%||14.36%|
|Bank of India Ultra Short Duration Fund Direct Plan Growth||Debt||2836.5161||0.90%||137 cr||6.26%||4.46%||5.71%|