Bank of India Mutual Fund

Bank of India mutual fund was founded in Mumbai on September 7, 1906. The BOI mutual funds programs are primarily directed to overperform norms. It consistently outperforms the contest by combining large-cap, mid-cap, and enterprise characteristics. BOI mutual funds rates of return offer value for investments made capital and encourage investor sentiment through its extensive pan-India system.
  • Equity
  • Hybrid
  • Elss
  • Debt
Mutual Fund Schemes
NAV
5Y Returns
AUM(in Cr.)
Compare
2777.03Mar 27, 2024
5%
₹1,289
2750.76Mar 27, 2024
5%
₹1,289

Key Information about Bank of India Mutual Fund

Mutual Fund NameBank of India Mutual Fund
OfficeRegistered Office B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013
Email Idservice@boimf.in
Phone No.+91 (22) 40479000
Fax+91 (22) 40479001
Websitewww.boimf.in
Set up dateMar 31, 2008
Mutual Fund TypePvt. Sector - Joint Venture ( Foreign)
AMC incorporation DateAug 13, 2007
CityMumbai

Fund Managers

MB

Mr. Mithraem BharuchaFund Manager

Over 13 years of experience in Fixed Income market domain, Investment strategy development, Trade idea generation, Trade execution, Cash Management, Fixed Income portfolio monitoring, Cash flow verification.

Bank of India, headquartered in Mumbai, is one of the largest’s commercial banks. It has a notorious reputation in the Indian banking sector. It offers quality services through its 5100 branches spread across the country. It has established a niche for itself by offering a diverse variety of services and products to its clients.

Bank of India mutual fund has consistently proven reliable with 14 years of good experience in financial services. It has always availed the requirements of the shareholders across multiple motives. Moreover, resulting in assets of 17 diverse Mutual Fund Schemes with two lakhs+ shareholders and Rs 2963.86 crores investments managed (as of March 31, 2022) and 12 branches across India.

Types of Bank of India Mutual Funds

Mutual fund investment enables the prudent allocation of assets to attain long-term investment returns. A sufficient number of AMFI/NISM competent persons are wisely located in various divisions and via client Relationship Supervisors to support the bank's selling of Mutual Funds goods. Type of BOI mutual funds are listed below:

  • UTI Mutual Fund
  • HDFC Mutual Fund
  • Kotak Mutual Fund
  • Franklin Templeton Investments
  • IDFC Mutual Fund
  • DSP BlackRock Mutual Fund
  • Reliance Mutual Fund
  • Birla Sun Life Mutual Fund
  • SBI Mutual Fund

How can you Invest in the Bank of India Mutual Funds?

One can invest in BOI Mutual Fund Asset Management Ltd. online via the below-mentioned method.

  • Investment via the official gateway of BOI mutual funds
  • Investment via an authorised distributor 
  • Investment via 3rd-party

It is important to note that applications for allocating BOI mutual fund shares must be completed in the stipulated layout. Checks or demands for severe droughts should bear the title of "the respective plan."

Process and Documents Required to Invest in the Bank of India Mutual Funds

To get BOI mutual funds, the individual must provide a set of verification and financial records. These records differ depending on the type of loan scheme chosen by the candidate. However, a few of the common papers that you'll be obligated to provide are listed below:

  • Duly filled application form.
  • Proof of Identification: PAN Card (compulsory ), Aadhaar Card, Passport, Driving License, Voter ID
  • Proof of Address: Electricity bill photocopy, ration card, bank statement, telephone bill, Aadhaar Card, PAN Card, Driving License, etc.
  • Proof of Income: Salary slips, bank account statements, income tax returns

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Frequently Asked Questions (FAQs)

Which is the best Bank of India Mutual Fund?

Bank of India (Small Cap Fund Direct-Growth) is the best Bank of India mutual Fund with ₹29.0600, NAV(Net asset value).

Which is the No one mutual fund in India?

ICICI Prudential Technology Direct Plan-Growth provide the no. 1 mutual fund with 33.86%, three years return and 27.61%, five years returns.

Which is the best mutual fund bank?

The best mutual fund bank is HDFC Banking & PSU Debt Fund Regular Plan Growth Option with 8.45%(3 years return) and 8.69%(5 years return).

How can I invest in SIP in BOI?

To invest in SIP in the Bank of India, enter the monthly investment rates you want. In addition, fill out the rate of return and select the tenure of the investment under the 'Invest now' option.

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