BOI AXA Mutual Fund

BOI AXA Investment Managers Private Limited is a joint venture between Bank of India and AXA Investment Managers, a part of AXA Group, one of the world’s largest players in the Financial Protection industry.

Bank of India was founded on 7th September 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 before being nationalized along with 13 other leading banks in India.

Bank of India has over 5,000 branches across India. Presently Bank of India has an overseas presence in 22 countries spread over 5 continents with 60 offices, including 5 Subsidiaries, 5 Representative Offices, and 1 Joint Venture.

AXA Investment Managers (AXA IM) is one of the world’s leading asset managers, backed by the strength of the AXA Group with assets under management (AUM) of EUR 830 billion as of 30/09/2020.

AXA IM employs over 2,389 employees that operate across 20 countries in Europe, the Americas, Asia, and the Middle East (as of 30/09/2020). 

On May 7, 2012, the Bank of India (BOI) acquired a 51% stake in the then Bharti AXA Investment Managers Private Limited (BAIM) and Bharti AXA Trustee Services Private Limited (BATS).

Consequent to this change in JV Partnership, BOI became a Co-Sponsor along with the existing Sponsor, AXA Investment Managers (AXA IM), and the Fund was renamed as BOI AXA Mutual Fund, and BAIM was renamed as BOI AXA Investment Managers Private Limited, and BATS was renamed as BOI AXA Trustee Services Private Limited. 

The partnership brings together the Bank of India’s massive network and experience in the Indian market and AXA’s global expertise in financial management.

At AXA Investment Managers (AXA IM), they define their purpose as being to act for human progress by investing in what matters, which is central to every action they take as a business.

As responsible investors, businesses and employers, seek to actively invest for the long term so that their clients, their people, and their communities can move forward.

The combination of responsible, active, and long-term defines their investment philosophy, but also how they run their business, what underpins their clients’ partnerships with them, and what drives their people. The fund house claims that its ambition is to be the world’s leading responsible investor.

After seeing the signs that the global economy is starting to move to a more sustainable and equitable model over the next decade, they want to take an active role in powering that transition.

As committed, active investors are led by their conviction. With fundamental research at the core of their process, their global team seeks out and develops one of the most efficient and robust sources of performance across equities, fixed income, multi-asset, and alternative strategies.

With conviction, they advance and best serve the interests of their clients.

Their heritage within AXA Group, a recognized innovator, has hard-wired their business for continual improvement. They recognize that their most demanding and challenging clientele helps them to achieve excellence. Their relationship with their parent company also means protection and stability are part of their heritage.

With the investment landscape becoming increasingly challenging, they believe that fresh thinking is needed to manage it. They say that technology is rapidly advancing, and people are living longer than ever before, shifting global demographics significantly.

Their team aims to generate absolute returns through a diversified set of investment strategies that are grounded in behavioral finance – offering clients a differentiated proposition with a low correlation to traditional assets. 

BOI remains one of the foremost financial institutions across the world, too. It has a decent presence across the pre-eminent financial capitals of the world, including Berlin, Paris, Tokyo, and London. 

BOI AXA has an AUM of INR 2349.96 Cr (31 December 2020), an increase of INR279.80 Cr from September 2020. They offer 16 funds under different categories.

Important information about BOI AXA Mutual Fund

Name of the AMC	BOI AXA Investment Managers Private Limited
Incorporation Date	31 March 2008
Sponsors	Bank Of India and AXA Investment Managers, Asia Holdings Private Limited.
Trustee	BOI AXA Trustee Services Private Limited.
Trustees’ Name	Mr. Ashok K Pathak- Associate Director Mr. A K Bhargava- Independent Director Mr. Himanshu Joshi- Independent Director
MD/CEO	Mr. Sandeep Dasgupta
CIO	Mr. Alok Singh
Compliance Officer	Mr. Harish Kumar
Registrar and Transfer agent	KFIN Technologies Private Limited Shop No 21, Osia Mall, First Floor, Near KTC Bus Stand SGDPA Market Complex, Margao-403601 Phone: 0832-2731823, Email:  mfsmargoa@Kfintech.com.
Toll-free Number	(Toll-Free) 1800 – 266 – 2676 / 1800 – 103 – 2263
Email Address	service@boiaxa-im.com
Registered Address	BOI AXA Investment Managers Private Limited, B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013. Website:www.boiaxamf.com

Ten top-performing BOI AXA Mutual Fund Schemes

1. BOI AXA Tax Advantage Fund (Category- Equity: ELSS)
2. BOI AXA Manufacturing and Infrastructure Fund (Category – Equity: Sectoral)
3. BOI AXA Ultra Short Duration Fund (Category – Debt: Ultrashort Bond)
4. BOI AXA Liquid Fund (Category – Debt: Liquid)
5. BOI AXA Small Cap Fund (Category – Equity: Small Cap)
6. BOI AXA Large & Mid Cap Equity Fund (Category – Equity: Large and Mid Cap)
7. BOI AXA Mid & Small Cap Equity & Debt Fund (Category – Hybrid: Aggressive)
8. BOI AXA Conservative Hybrid Fund (Category – Hybrid: Conservative)
9. BOI AXA Equity Debt Rebalancer Fund (Category – Debt: Dynamic Asset Allocation)
10. BOI AXA Short-Term Income Fund (Category – Debt: Short Term)

1. BOI AXA Tax Advantage Fund (Category- Equity: ELSS)

This fund is suitable for investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations.

The scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalizations. This scheme is suitable for long-term capital growth.

Key information

Minimum Investment	INR 500
Minimum Additional Investment	INR 500
Minimum SIP Investment	INR 500
Entry Load	Nil
Exit Load	1% for redemption within 365 days If redeemed after 1 year (365 days) from the date of allotment: NIL
Return Since Inception	13.1% ( Regular-Growth) (Date of Inception: February 25, 2009) 18.54% ( Direct-Growth) (Date of Inception: February 25, 2009)
NAV	INR 79.13 (April 23, 2021) (Regular Growth) INR 88 (April 23, 2021)  (Direct Growth)
AUM	INR 417 Cr (As on March 31, 2021)

2. BOI AXA Manufacturing and Infrastructure Fund (Category – Equity: Sectoral) 

This is an open-ended equity sectoral scheme investing solely in companies belonging to manufacturing and infrastructure-related sectors.

This is suitable for the more experienced equity investor who wants to take specific exposure to these specific sectors. Investors who have advanced knowledge of macro trends and prefer to bet for higher returns compared to other Equity funds often choose this fund.

Key information

Minimum Investment	INR 500
Minimum Additional Investment	INR 500
Minimum SIP Investment	INR 500
Entry Load	Nil
Exit Load	For redemption/switch out up to 10% of the initial units allotted -within 1 year from the date of allotment: “NIL”
Return Since Inception	7.3% ( Regular-Growth) (Date of Inception: March 5, 2010) 13.24% ( Direct-Growth) (Date of Inception: March 5, 2010)
NAV	INR 21.76 (April 23, 2021) (Regular Growth) INR 24.05 (April 23, 2021)  (Direct-Growth)
AUM	INR 46 Cr (As on March 31, 2021)

3. BOI AXA Ultra Short Duration Fund

This scheme seeks to deliver reasonable market-related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments.

Investors who want to invest for the very short term and are looking for an alternative to bank accounts/deposits find this scheme suitable for them.

Key information

Minimum Investment	INR 5000
Minimum Additional Investment	INR 1000
Minimum SIP Investment	INR 5000
Entry Load	Nil
Exit Load	Nil
Return Since Inception	8.2% ( Regular-Growth) (Date of Inception: July 16, 2008) 8.09% ( Direct-Growth) (Date of Inception: July 16, 2008)
NAV	INR 2526.5327 (April 23, 2021) (Regular Growth) INR 2575.26 (April 23, 2021)  (Direct-Growth)
AUM	INR 294  Cr (As on March 31, 2021)

4. BOI AXA Liquid Fund (Category – Debt: Liquid)

The scheme seeks to deliver reasonable market-related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments.

Investors who want to invest for the very short term and are looking for an alternative to bank accounts/deposits find this scheme suitable for them.

Key information

Minimum Investment	INR 1000
Minimum Additional Investment	INR 1000
Minimum SIP Investment	INR 1000
Entry Load	Nil
Exit Load	Nil
Return Since Inception	7.3% ( Regular-Growth) (Date of Inception: July 16, 2008)
NAV	INR 2353.5975 (April 23, 2021) (Regular Growth) INR 2372.0066 (April 23, 2021)  (Direct-Growth)
AUM	INR 235   Cr (As on March 31, 2021)

5. BOI AXA Small Cap Fund (Category – Equity: Small Cap):

The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of small-cap companies.

This scheme is suitable for investors who are looking to invest money for at least 3-4 years and looking for very high returns

Key information

Minimum Investment	INR 5000
Minimum Additional Investment	INR 1000
Minimum SIP Investment	INR 5000
Entry Load	Nil
Exit Load	Nil
Return Since Inception	33% ( Regular-Growth) (Date of Inception: December 19, 2018) 34.9% ( Direct-Growth) (Date of Inception: December 19, 2018)
NAV	INR 18.71 (April 23, 2021) (Regular Growth) INR 19.54 (April 23, 2021)  (Direct-Growth)
AUM	INR 119   Cr (As on March 31, 2021)

6. BOI AXA Large & Mid Cap Equity Fund (Category – Equity: Large and Mid Cap)

The scheme seeks to generate income and long-term capital appreciation by investing through a diversified portfolio of predominantly large-cap and mid-cap equity and equity-related securities including equity derivatives.

Investors who are looking to invest money for at least 3-4 years and looking for high returns often find this scheme suitable for them.

Key information

Minimum Investment	INR 5000
Minimum Additional Investment	INR 1000
Minimum SIP Investment	INR 1000
Entry Load	Nil
Exit Load	For redemption/switch out up to 10% of the initial units allotted -within 1 year from the date of allotment: “NIL”
Return Since Inception	12.47% (Regular-Growth) (Date of Inception: October 21, 2008)
NAV	INR 43.5 (April 23, 2021) (Regular Growth) INR 47.8 (April 23, 2021)  (Direct Growth)
AUM	INR 181.18   Cr (As on March 31, 2021)

7. BOI AXA Mid & Small Cap Equity & Debt Fund (Category – Hybrid: Aggressive)

The scheme’s objective is to provide capital appreciation and income distribution to investors from a portfolio constituting mid and small-cap equity and equity-related securities as well as fixed-income securities.

This is suitable for investors who want to invest for 5 years or more. The returns may be slightly lower than those of pure equity funds and they do not fall sharply when the market changes.

This makes the scheme suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.

Key information

Minimum Investment	INR 5000
Minimum Additional Investment	INR 1000
Minimum SIP Investment	INR 1000
Entry Load	Nil
Exit Load	For redemption/switch out up to 10% of the initial units allotted -within 1 year from the date of allotment: “NIL”
Return Since Inception	12.53% (Regular-Growth) (Date of Inception: July 20, 2016) 13-51% ( Direct-Growth) (Date of Inception: July 20, 2016)
NAV	INR 17.54 (April 23, 2021) (Regular Growth) INR 18.28 (April 23, 2021)  (Direct Growth)
AUM	INR 303 Cr (As on March 31, 2021)

8. BOI AXA Conservative Hybrid Fund (Category – Hybrid: Conservative)

The scheme seeks to generate regular income through investments in fixed-income securities and also to generate long-term capital appreciation by investing a portion in equity and equity-related instruments.

Conservative hybrid funds invest nearly a quarter of your money in equity shares and the rest in bonds. These funds are suitable for those who are not comfortable with too much volatility in the value of their investments and are content with moderate returns which are slightly higher than returns from fixed-income options.

This scheme is suitable for those looking for a regular income from their asset accumulation.

Key information

Minimum Investment	INR 10000
Minimum Additional Investment	INR 1000
Minimum SIP Investment	INR 1000
Entry Load	Nil
Exit Load	For redemption/switch out of upto 10% of the initial units allotted within 1 year from the date of allotment: Nil
Return Since Inception	6.46% (Regular-Growth) (Date of Inception: March 18, 2009) 6.71% ( Direct-Growth) (Date of Inception: March 18, 2009)
NAV	INR 21.3439 (April 23, 2021) (Regular Growth) INR 22.2377 (April 23, 2021)  (Direct-Growth)
AUM	INR 59 Cr (As on March 31, 2021)

9. BOI AXA Equity Debt Rebalancer Fund (Category – Debt: Dynamic Asset Allocation)

The scheme aims at generating long-term returns with lower volatility by following a disciplined allocation between equity and debt securities. The equity allocation will be determined based on the month-end P/E ratio of the Nifty 50 Index.

This type of fund invests your money in equity shares and bonds though their proportions are not fixed. These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation.

This makes them suitable for conservative equity investors. But do not choose this fund if you are not in a position to invest for at least 5 years.

Key information

Minimum Investment	INR 5000
Minimum Additional Investment	INR 1000
Minimum SIP Investment	INR 1000
Entry Load	Nil
Exit Load	For redemption/switch out of upto 10% of the initial units allotted within 1 year from the date of allotment: Nil
Return Since Inception	6.44%% (Regular-Growth) (Date of Inception: March 14, 2014) 7.02% ( Direct-Growth) (Date of Inception: March 14, 2014)
NAV	INR 15.5881 (April 23, 2021) (Regular Growth) INR 16.2051 (April 23, 2021)  (Direct-Growth)
AUM	INR 71 Cr (As on March 31, 2021)

10. BOI AXA Short-Term Income Fund (Category – Debt: Short Term)

The scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities.

This fund is suitable for investors who want to invest for 1-3 years and are looking for an alternative to bank deposits. 

Key information

Minimum Investment	INR 5000
Minimum Additional Investment	INR 1000
Minimum SIP Investment	INR 1000
Entry Load	Nil
Exit Load	Nil
Return Since Inception	4.48%  (Regular-Growth) (Date of Inception: December 18, 2008) 4.67% ( Direct-Growth) (Date of Inception: December 18, 2008)
NAV	INR 17.1766 (April 23, 2021) (Regular Growth) INR 18.3323 (April 23, 2021)  (Direct-Growth)
AUM	INR 26 Cr (As on March 31, 2021)

How can you invest in BOI AXA Mutual Fund Via EduFund?

Step 1 – Download the EduFund App from Google Play Store or Apple App Store and create an online account.

Step 2 – Select a Scheme – Browse a wide range of BOI AXA Mutual Fund schemes and choose the right scheme suiting your financial goals. You may invest in a Systematic Investment Plan (SIP) or a lump sum. The inbuilt recommendation engine suggests the best scheme for your financial objectives.

Step 3 – View and Track Your Transaction(s) – The amount you have invested will reflect in your EduFund account within four working days. You can track the BOI AXA Mutual Fund NAV, account balance, statement, and other information in the app. Alternatively, you can purchase, redeem, or switch BOI AXA Mutual Fund units.

Step 4 – Speak with a Mutual Fund Counsellor – You can connect with a mutual fund consultant to share your goals and get personalized advice. 

EduFund uses top-class authentication and encryption technologies to ensure bank-like secured transactions and safeguard your investments.  

Fund managers at BOI AXA Mutual Fund 

It is the fund managers who play a prominent role in driving value and generating growth. The following are the four best-performing fund managers in BOI AXA Mutual Fund whose funds have consistently performed the best returns. 

1. Mr. Alok Singh – Chief Investment Officer

Mr. Singh is a CFA and PGDBA from ICFAI Business School. Before joining BOI AXA AMC, he worked with BNP Paribas Asset Management and Axis Bank. He has an AUM of INR 745Cr and handles 28 schemes.

2. Mr. Ajay Khandelwal – Fund Manager – Equity

Mr. Khandelwal is an MBA & Bachelor of Engineering. Before joining BOI AXA Mutual Fund, he worked with B&K Securities & Infosys. He has an AUM of INR585 Cr and handles 16 schemes.

3. Mr. Akash Manghani – Fund Manager – Equity

Mr. Manghani has a Bachelor’s in Engineering. Before joining BOI AXA Mutual Fund, he worked with Pioneer Investcorp Ltd., Girik Capital, and Amdocs Ltd. His AUM is INR 495Cr and handles 2 schemes. 

4. Mr. Amit Modani – Fund Manager – Fixed income

Mr. Modani is a Chartered Accountant. Before joining BOI AXA Mutual Fund, he worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd. His AUM is INR805Cr and handles 18 schemes.

Why should you invest in BOI AXA Mutual Fund? 

The BOI AXA Mutual Fund is one of India’s largest mutual fund houses. Although smaller in Assets under Management or AUM, BOI AXA Mutual Fund has grown from strength to strength over the past few years.   

The BOI AXA Mutual Fund is known for its wide range of packages and superior returns. Their investment capabilities are designed to offer the greatest flexibility to their clients for both core and specialist asset classes. 

In Equity, they have more than four decades of active investment experience, underpinned by fundamental research and a long-term approach, designed to capture future trends.

Backed by fully integrated risk controls, they offer a broad suite of solutions designed to meet a wide range of client outcomes. With more than four decades of active equity investment experience, their experts employ a bottom-up investment approach to help clients successfully navigate the changing investment landscape and capture the growth drivers of tomorrow. 

Equity funds are sometimes also called stock funds. The primary objective of these funds is to facilitate capital appreciation by investing a major portion of the funds in stocks, while a smaller portion may be in bonds, notes, and other debt-related securities.

An Equity fund can be an open-ended or a closed-ended fund that allows the investor to invest a small amount of money in a diversified portfolio. Experienced fund managers often do this to minimize the risk associated with investing in equity markets. 

BOI AXA Mutual Fund offers BOI AXA Large & Mid Cap Equity Fund, BOI AXA Tax Advantage Fund, BOI AXA Manufacturing & Infrastructure Fund, BOI AXA Small Cap Fund, and BOI AXA Flexi Cap Fund in the Equity category. 

Hybrid Funds of BOI AXA Mutual Funds seek to balance the risk and high capital appreciation of equity investments with the lower risk and more consistent returns provided by debt investments. Under the Hybrid category, they offer BOI AXA Conservative Hybrid Fund, BOI AXA Equity Debt Balancer Fund, BOI AXA Mid & Small Cap Equity & Debt Fund, and BOI AXA Arbitrage Fund.  

Debt funds are usually preferred by risk-averse individuals who seek to generate returns at rates that are higher than those offered by investment options such as fixed deposits.

BOI AXA mutual funds offer BOI AXA Liquid Fund, BOI AXA Ultra Short Duration Fund, BOI AXA Short Term Income Fund, BOI AXA Credit Risk Fund and BOI AXA Overnight Fund in the debt category. 

To identify investment opportunities, their quantitative investing pioneers use technology and modeling to deliver fundamental strategies underpinned by environmental, social, and governance (ESG) principles. 

Through bottom-up credit analysis and top-down macroeconomic research, their specialists aim to deliver outcome-oriented solutions for their clients via a suite of products that span the fixed-income spectrum.  

Their well-established team targets stable, predictable income arising from a diversified risk exposure that complements traditional allocations. They draw on their size and experience to source opportunities across the alternative credit spectrum, adapted to the specific needs of their clients. 

Their diverse team of investment professionals and researchers share a common goal – to responsibly design the best combination of asset classes and investment management techniques according to clients’ needs. They combine in-depth, in-country knowledge with longstanding experience, strong convictions, and a thorough understanding of capital structures. 

100 % of core managers have access to ESG (Environmental, Social, and Governance) scores and research, which enable them to integrate their ESG fundamentals and apply these non-financial factors as part of their analysis process to identify material risks and growth opportunities.

Investing and redeeming BOI AXA Mutual Fund is a very easy and hassle-free task. The portfolio maintained by the BOI AXA Mutual Funds is always maintained by averaging the risk and the return, and investors can expect a good rate of return while featuring a balanced risk.

An investor can also choose Systematic Investment Planning by which he can save some part of his monthly income in mutual funds, and in the long term, can make more money for his future goals. 

BOI AXA Mutual Funds believes in complete transparency and publishes regular reports regarding the status of its various investments, and an investor can view this portfolio at any time.

Select EduFund for investing in BOI AXA Mutual Fund 

EduFund makes the process of investing in BOI AXA Mutual Fund convenient. EduFund’s experienced consultants give you customized solutions for all your financial goals.

You can start investing from a lowly INR 5,000 and grow your capital comfortably.

With EduFund, you get the following benefits:

Customized Research-Based Financial Plan – EduFund’s scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds. 

Customer-Friendly Counsellors Help You Create a Financial Plan – EduFund’s counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan.

Invest Less, Earn More – Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds.

Use Free Tools – EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc. 

No Technical Expertise Required – You do not need to be a finance expert to understand which mutual fund is the best for you. EduFund does it for you.

Value-Added Benefits – You may get value-added benefits like no commission, free advisory, and nil-hidden charges.

Secure Transactions – EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions.

Special Support for Children’s Education – EduFund has a dedicated team of experts who help you fulfill your children’s educational goals.