Bank of India Mutual Fund

Bank of India Investment Managers Private Limited is a subsidiary of Bank of India. It has been known by the names BOI Star Investment Managers and BOI AXA Investment Managers earlier.

The company has more than 14 years of experience in fund management. It deals in nearly 17 different mutual fund schemes. They are diversified in different sectors to offer investors different options.

The Bank of India Mutual Fund team offers a diverse set of investment solutions across asset classes.

The company has assets under management in excess of 6,554.90 crore as of 30 June 2023.

The key people at the top of the Bank of India Mutual Fund are:

• Mr Mohit Bhatia – CEO/MD

• Mr Alok Singh – CIO

• Ms Roshni Pawar – Investor Service Officer

Important Information About Bank of India Mutual Funds

How to Invest in a Bank of India Mutual Fund?

Investment in the Bank of India Mutual Fund is convenient and saves time.

Here are the steps:

Step 1: Register or log in to an investment account on any trusted online mutual fund website.

Step 2: Upload your identity proof. You can upload PAN, Aadhaar, Voter ID, driving licence, passport, or any government ID that is valid.

Step 3: Upload an address proof. It should have your name and permanent address.

Step 4: Choose your risk level – High, Medium, or Low.

Step 5: Choose the Bank of India Mutual Fund scheme you want to invest in.

Step 6: Choose how to invest:

• One-time (lump sum) – Invest all the money at one time.

• SIP (Systematic Investment Plan) – Invest a monthly amount regularly.

Note: Your investment will normally be credited to your account within 3–4 working days.

High risk will give high returns but comes with high chances of loss. Low risk is safe but gives low returns. Medium risk has a mix of both.

Credible Fund Managers

1. Mr Mithraem Bharucha

• Over 14 years of experience in fixed income markets.

• Earlier, worked with BNP Paribas Mutual Fund and YES Mutual Fund.

• Holder of a bachelor's degree in management studies and an MBA in finance.

2. Mr Dhruv Bhatia

• Over 11 years of fund management and equity research experience.

• Bachelor's in Management Studies and PGDM in Management.

• Prior experience with AUM Fund Advisors, Sahara Mutual Fund, and Sixteenth Street Capital.

3. Mr Nitin Gosar

• Over 16 years of experience in fund management and equity research.

• Bachelor's in Management Studies and Master's in Finance from ICFAI.

• Prior experience with IFCI Financial Services, Invesco Asset Management, and other organisations.

FAQs

Q1. What is the Bank of India Mutual Fund?

• Bank of India Mutual Fund is an organisation that invests funds in different schemes so that investors can grow their wealth.

Q2. How many schemes does the Bank of India Mutual Fund offer?

• It has around 17 schemes in different industries.

Q3. Can I invest small amounts?

• Yes, you can start with an SIP and invest gradually each month.

Q4. Will it be safe to invest in the Bank of India Mutual Fund?

• There is some risk in mutual funds at all times. Low-risk mutual funds are safer but have less payout, and high-risk mutual funds may provide higher returns but are unsafe.

Q5. How long does it take for my investment to show up?

• It usually takes 3–4 working days to deposit your investment in your account.