Bank of India Equity Mutual Funds

Bank of India Equity Mutual Fund is one of the most well-established brands in the Mutual Fund sector. A joint venture between the Bank of India and AXA Investment Management Group, an arm of the country's most reputable asset management and investment corporations. They are still in their infant stage, but the past years have reflected the AMC finding their footing in the mutual fund sector.

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Bank of India Equity Mutual Fund 

The Bank of India Equity Mutual Fund offers a diverse catalogue of investment products to cater to their requirements. Bank of India Equity Mutual Funds is a subsidiary completely regulated by the Bank of India. This financial institution has rich experience managing funds with a paid-up capital of Rs 50 Lakhs. The AMC has branches across the country, boasting a solid national and international presence. 

Investment Objective

The Bank of India Equity Mutual Fund's investment objective is to stimulate investors' returns by investing in equities and equities-related products. The Bank of India Equity Mutual Fund aims to maximise returns by profiting from the equities market volatility. 

Risks Involved in Bank of India Equity Funds 

As the collected corpus of the investors is predominantly invested in equities, the returns on the investments are not guaranteed. The asset allocated in the Bank of India Equity Mutual Fund is prone to market fluctuations. 

Return Potential of Bank of India Equity Funds

Investors that have parked their investment with the Bank of India Equity Mutual Fund stand to make a handsome return on their investment as the equity market offers substantial profits and remains one of the most lucrative avenues for long-term investments. 

Who Should Invest in Bank of India Equity Funds

The risk-to-reward ratio is significant with the Bank of India Equity mutual fund as the investments are made in the equity market. However, investors can select from the wide range of schemes offered by the Bank of India, which vary in risk and rewards. Investors inclined to earn significant gains and absorb risk can park their investment in the Bank of India Equity Mutual Fund. 

Things To Consider Before Investing in Bank of India Equity Mutual Fund 

The investor shall evaluate the following factors before investing with the Bank of India:

  • Investors must factor in the risk-to-reward ratio before determining the amount they want to invest. 
  • They must select the equity mutual fund scheme that aligns with their investment goals. 
  • They must evaluate the expense ratio of the mutual fund.

Tax Levied on Bank of India Equity Mutual Fund 

The investments in equity funds are taxed in the following ways: 

Long-Term Capital Gains

The long-term capital Gain Taxes are levied on gains whose tenure is more than a year. The investor is not eligible to pay taxes if the investment is up to Rs 1 Lakhs. If the gains made are more than Rs 1 Lakhs, then a tax of 10% is levied. 

Short-Term Capital Gains 

A tax of 15% is levied on short-term capital gains. They are eligible for gains on investment with less than a year's tenure.

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FAQs About Bank of India Equity Mutual Fund

How is the Bank of India Mutual Fund doing?

The Bank of India Mutual Fund provides lucrative returns to its investors and offers a diverse set of schemes.

Is the Bank of India Mutual Fund Safe?

The Bank of India Mutual Fund offers a variety of schemes to investors. The investors can evaluate the risk-to-reward ratio and select the one that aligns with their investment goals.

Is it good to invest in equity funds?

Equity funds allow investors to earn lucrative returns on their investment by investing in equity-related products.

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