BOI, a public sector bank, owns Bank of India Mutual Fund. The investment house had Rs 10,407 crores of AUM on August 2024. Fund houses have nearly 15 years of history. With a mutual fund license in 2008, Bharti AXA began its adventure. By 2021, the state-run bank had bought the remaining 49% interest, making it the sole sponsor of this mutual fund.
The Bank of India Mutual Fund offers 17 investor Schemes. These include 7 equity, 5 debt, and 5 hybrid schemes. Mid & Small Cap Equity & Debt Fund, Multi Asset Allocation Fund, and Balanced Advantage Fund are the fund house's top schemes as of March 2024.
How to Invest in Bank of India Mutual Fund on Swaraj Finpro.
Investing in Bank of India Mutual Fund online is a convenient process and you can do so by following the few simple steps mentioned below:
Step 1. Log-in to your Swaraj Finpro account or register if you don’t have one.
Step 2. Upload your identity proof documents (Aadhaar, Voter ID, PAN, Passport, Driving License, Central or State Government ID card, etc.)
Step 3. Upload your proof of address documents (any identity proof documents with your permanent address, etc.)
Step 4. Select the investment period of your preference.
Step 5. Choose your risk appetite - low, mid, or high.
Step 6. Choose your preferred Bank of India Mutual Fund.
Step 7. Click on “Invest One Time” if you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.
The Bank of India Mutual Fund
in India you have invested in will show in your Swaraj Finpro account within 3 to 4 working days.
Lets have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The BANK OF INDIA Flexi Cap Fund Regular Plan Fund has given 26.52% annualized returns in the past three years and 0.00% in the last 5 years and 0.00% in the last 10 years. The BANK OF INDIA Flexi Cap Fund Regular Plan Fund comes under the Equity category of Bank of India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in BANK OF INDIA Flexi Cap Fund Regular Plan via lump sum is ₹ 5000 and via SIP is ₹ 1000.
Scheme Objective: The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY IT Index before expenses, subject to tracking errors.The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity-related securities across various market capitalisation.
Scheme Manager: Alok Singh.
Min Amt SIP
: ₹ 1000
AUM in ( Cr.)
: ₹ 1460.6
1 Y Return (%)
: 63.28
Risko-Meter : Very High
Fund Performance: The BANK OF INDIA Manufacturing & Infrastructure Fund Fund has given 31.25% annualized returns in the past three years and 32.76% in the last 5 years and 18.05% in the last 10 years. The BANK OF INDIA Manufacturing & Infrastructure Fund Fund comes under the Equity category of Bank of India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in BANK OF INDIA Manufacturing & Infrastructure Fund via lump sum is ₹ 5000 and via SIP is ₹ 1000.
Scheme Objective: The scheme seeks long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies engaged in infrastructure and infrastructure related sectors.
Scheme Manager: Nitin Gosar.
Min Amt SIP
: ₹ 1000
AUM in ( Cr.)
: ₹ 402.97
1 Y Return (%)
: 62.16
Risko-Meter : Very High
Fund Performance: The BANK OF INDIA Small Cap Fund Regular Plan Growth Fund has given 27.76% annualized returns in the past three years and 38.56% in the last 5 years and 0.00% in the last 10 years. The BANK OF INDIA Small Cap Fund Regular Plan Growth Fund comes under the Equity category of Bank of India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in BANK OF INDIA Small Cap Fund Regular Plan Growth via lump sum is ₹ 5000 and via SIP is ₹ 1000.
Scheme Objective: The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity-related securities of small cap companies.
Scheme Manager: Dhruv Bhatia.
Min Amt SIP
: ₹ 1000
AUM in ( Cr.)
: ₹ 1234.16
1 Y Return (%)
: 53.42
Risko-Meter : Very High
Fund Performance: The BANK OF INDIA ELSS Tax Saver Fund has given 22.04% annualized returns in the past three years and 29.12% in the last 5 years and 18.17% in the last 10 years. The BANK OF INDIA ELSS Tax Saver Fund comes under the Equity category of Bank of India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in BANK OF INDIA ELSS Tax Saver via lump sum is ₹ 500 and via SIP is ₹ 1000.
Scheme Objective: The scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection.
Scheme Manager: Alok Singh.
Min Amt SIP
: ₹ 1000
AUM in ( Cr.)
: ₹ 1428.06
1 Y Return (%)
: 53.12
Risko-Meter : Very High
Fund Performance: The Bank of India Multi Cap Fund Regular Plan Fund has given 0.00% annualized returns in the past three years and 0.00% in the last 5 years and 0.00% in the last 10 years. The Bank of India Multi Cap Fund Regular Plan Fund comes under the Equity category of Bank of India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Multi Cap Fund Regular Plan via lump sum is ₹ 5000 and via SIP is ₹ 100.
Scheme Objective: The scheme seeks to generate long term capital appreciation by investing in equity and equity-related securities across various market capitalisation.
Bank of India Mutual Fund
