Bank of India Investment Managers Private Limited (formerly BOI AXA Investment Managers Private Limited) is the Bank of India Mutual Fund's Investment Manager, was set up as Bharti AXA Investment Managers Private Limited on August 13, 2007. Regulatory approval to act as asset manager for the Mutual Fund was obtained on April 1, 2008, and under the new name BOI AXA Investment Managers Private Limited on May 25, 2012. The name of AMC changed to “Bank of India Investment Managers Private Limited” on April 12, 2022.
Bank of India Investment Managers Private Limited is a fully owned subsidiary of BOI. As of 31 January 2025, Bank of India Investment Managers Pvt. Ltd. had a portfolio of 19 varied Mutual Fund Schemes with 7.24 lakh+ investors, ₹ 11,732.16 crore of assets under management, and 13 branches across India. Bank of India Investment Managers Pvt. Ltd. offers investment solutions across several asset classes. It provides 9 equity, 5 debt, and 5 hybrid schemes.
Key Information About Bank of India Mutual Fund
How to Invest in the Bank of India Mutual Fund
Investing in the best Bank of India Mutual Funds can be complex. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred Bank of India Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best Bank of India Mutual Funds in India
Here is the list of some of the best Bank of India Mutual Funds in India:
* All data as of 31 Jan 2025
Detailed Overview of Bank of India Mutual Fund Schemes
Now, let’s discuss these 10 Bank of India Mutual Fund (BOI MF) schemes in detail:
1. Bank of India Manufacturing and Infrastructure Fund - Direct Plan-Growth
Bank of India Manufacturing and Infrastructure Fund is an open-ended equity sectoral scheme investing in manufacturing and infrastructure sectors.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 23.32% and 28.67%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹18,764.
- Minimum Investment Amount: The minimum lump sum for the Bank of India Manufacturing and Infrastructure Fund is ₹5000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹1,000.
2. Bank of India ELSS Tax Saver - Direct Plan-Growth
Bank of India ELSS Tax Saver, previously known as Bank of India Tax Advantage Fund, is an open-ended equity-linked savings scheme with a three-year statutory lock-in and tax benefits.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 17.01% and 22.84%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹16,028.
- Minimum Investment Amount: The minimum lump sum for the Bank of India ELSS Tax Saver is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500.
3. Bank of India Liquid Fund - Direct Plan-Growth
Bank of India Liquid Fund is an open-ended liquid scheme with moderate credit risk and relatively low interest rate risk. It is suitable for short-term fund deployment.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.62% and 5.44%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,121.
- Minimum Investment Amount: The minimum lump sum for the Bank of India Liquid Fund is ₹5000; for Min Add Lumpsum, it is ₹1000; for SIP, it is ₹0.
4. Bank of India Conservative Hybrid Fund - Direct Plan-Growth
Bank of India Conservative Hybrid Fund is an open-ended hybrid scheme that invests 75% to 90% in debt, money market instruments and 10% to 25% in equity and equity-related securities.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 13.57% and 12.09%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,652.
- Minimum Investment Amount: The minimum lump sum for the Bank of India Conservative Hybrid Fund is ₹10,000; for Min Add Lumpsum, it is ₹1000; for SIP, it is ₹1000.
5. Bank of India Overnight Fund - Direct Plan-Growth
The Bank of India Overnight Fund is an open-ended debt scheme which invests in overnight securities with a relatively low interest rate and credit risk. It provides the highest liquidity within the Fixed Income mutual Fund Product segment with redemption on a T+1 basis.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.21% and 5.08%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹11,982.
- Minimum Investment Amount: The minimum lump sum for the Bank of India Overnight Fund is ₹5000; for Min Add Lumpsum, it is ₹1000; for SIP, it is ₹0.
6. Bank of India Multi Cap Fund - Direct Plan-Growth
Bank of India Multi Cap Fund is an open-ended equity scheme that invests 75% to 100% of its assets in a diversified portfolio of equity and equity-related instruments across market capitalisation ( large, mid, and small-cap stocks).
- Fund Performance: The fund's annualized returns for the past year and since inception have been around 11.98% and 31.09%, respectively. The amount of ₹10,000 invested during inception will become around ₹16,820.
- Minimum Investment Amount: The minimum lump sum for the Bank of India Multi Cap Fund is ₹5000; for Min Add Lumpsum, it is ₹1000; for SIP, it is ₹1000.
7. Bank of India Balanced Advantage Fund - Direct Plan-Growth
Bank of India Balanced Advantage Fund is an open-ended hybrid fund that invests in both equity and debt. It is suitable for medium-term fund deployment.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 13.86% and 11.22%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,766.
- Minimum Investment Amount: The minimum lump sum for the Bank of India Balanced Advantage Fund is ₹5000; for Min Add Lumpsum, it is ₹1000; for SIP, it is ₹1000.
8. Bank of India Small Cap Fund - Direct Plan-Growth
Bank of India Small Cap Fund is an open-ended equity scheme that invests mainly in equity and equity-related securities of small-cap companies.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 19.88% and 32.64%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹17,238.
- Minimum Investment Amount: The minimum lump sum for the Bank of India Small Cap Fund is ₹5000; for Min Add Lumpsum, it is ₹1000; for SIP, it is ₹1000.
9. Bank of India Short Term Income Fund - Direct Plan-Growth
Bank of India Short-Term Income Fund is an open-ended short-term debt scheme that invests in Macaulay instruments. The portfolio's duration is between 1 and 3 years. There is moderate interest rate risk and moderate credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 14.31% and 8.87%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,944.
- Minimum Investment Amount: The minimum lump sum for the Bank of India Short Term Income Fund is ₹5000; for Min Add Lumpsum, it is ₹1000; for SIP, it is ₹1000.
10. Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan-Growth
The Bank of India Mid & Small Cap Equity & Debt Fund is an open-ended hybrid scheme that predominantly invests 65% to 80% in mid- and small-cap equities and the remaining in fixed-income securities.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 16.01% and 23.82%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹15,619.
- Minimum Investment Amount: The minimum lump sum for the Bank of India Mid & Small Cap Equity & Debt Fund is ₹5000; for Min Add Lumpsum, it is ₹1000; for SIP, it is ₹1000.
Top Fund Managers
Below is the list of people who have made Bank of India Mutual Fund Investment a standout choice in a highly competitive market.
1. Mr. Nitin Gosar
Nitin joined the Bank of India Investment Managers with over 16 years of professional Equity Research and Fund management expertise. His most recent role was as a fund manager with Invesco Asset Management (India) Private Ltd. He has also worked with IFCI Financial Services, SKP Securities Ltd., B&K Securities, and NDA Securities Ltd.
2. Mr. Mithraem Bharucha
Mithraem Bharucha joined the Bank of India Investment Managers in August 2021. He has over 14 years of experience in fixed-income markets, including trading and portfolio management. Before joining the Bank of India Investment Manager, he was associated with organisations such as YES Mutual Fund and BNP Paribas Mutual Fund.
3. Mr. Nilesh Jethani
Nilesh Jethani joined Bank of India Investment Managers in November 2021. He has more than nine years of experience in equity research across the BFSI, IT, and capital goods sectors. In his last assignment, he was an Investment Analyst with Envision Capital Services Pvt. Ltd. He has also worked as an equity research analyst with HDFC Securities, HDFC Bank, and ASK Investment Managers.
4. Mr. Firdaus Ragina
Firdaus Joined the Bank of India Investment Managers on 1 April 2022. He has around 20 years of experience in the Equity Market. In his last company, he was the Head of equity dealing and the Fund Manager of IDBI Mutual Fund. Previously, he worked with firms such as ILFS Securities, Avendus Securities, and more.
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