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BOI AXA Investment Managers Private Limited as the name suggest, is a joint venture between Bank of India and AXA Investment Managers. This AMC is part of the global AXA Group which is 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 prior to being nationalized along with 13 other leading banks in India. Bank of India has branches all over India which number in excess of 4,545. Presently, Bank of India has an overseas presence in 22 countries spread over 5 continents – with 56 offices including 5 Subsidiaries, 5 Representative Offices and 1 Joint Venture.
Founded in 1994, AXA IM is an asset management company fully owned and backed by the AXA Group, a world leader in financial protection. AXA IM provides both local and global investment solutions for a wide variety of clients, ranging from the AXA Group and its insurance companies, to institutional investors such as pension funds, insurance companies, corporates, non-profits, family offices and sovereign wealth funds as well as distributors – both wholesale and retail Investment Managers. AXA IM is one of the world’s leading AMCs and features assets under management (AUM) of € 582 billion as recorded on 30.6.2014. AXA IM employs more than 2500 employees that represent 60 nationalities and operate across 30 cities across 21 countries in Europe, the Americas, Asia and the Middle East.
On May 7, 2012, 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) companies. Subsequent to this acquisition and BOI became a partner in the JV along with AXA Investment Managers (“AXA IM”) and the Fund was renamed as BOI AXA Mutual Fund. Subsequently, the erstwhile BAIM was renamed as BOI AXA Investment Managers Private Limited, and BATS was re-named as BOI AXA Trustee Services Private Limited.
The partnership brings together Bank of India’s massive network across India and experience in the Indian market with AXA’s global expertise in financial management globally.
Top Management team of BOI AXA Mutual Funds features Sandeep Dasgupta as the Chief Executive Officer, Mr. Atul Roongta as Chief Operating Officer, Arun Prasad G as Head of Sales and Business Development, Mr. Alok Singh as Fund Manager and Head of Investments, Mr. David Pezarkar as Head of Equities and Board of Directors include Mr. Melwyn Rego, Mr. Bruno Guilloton, Mr. Sudhir Chand, Mr. Sanjay Gupta, Mr. Atul Sahasrabuddhe, Mr S.C. Kalia.
Funds of BOI AXA Mutual Fund
Equity Funds of BOI AXA AMC
Equity funds are sometimes also called as stock funds. The primarily 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 which 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.
| Fund Name | Fund Highlight |
| BOI AXA Equity Fund | Open-Ended Equity Scheme, Long-Term Capital Growth, Invests in Equity & Related Products across the capitalization, Generate Income |
| BOI AXA Tax Advantage Fund | Open-Ended Equity Linked Savings Scheme, ELSS Scheme, 3 Years Lock-in Period, Tax Deduction under section 80 C, Invests in Equity & Related Securities across the market capitalization |
| BOI AXA Manufacturing & Infrastructure Fund | Open-Ended Sector Scheme, Capital Growth Over Long Term, Invests in Equity and Related Securities of companies working on manufacturing and infrastructure domain |
Hybrid Funds of BOI AXA Mutual Funds
These 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. Following are the leading hybrid fund choices you can opt for through BOI AXA Mutual Funds.
| Fund Name | Fund Highlights |
| BOI AXA Regular Return Fund – Growth | Open-Ended Income Scheme, Capital Appreciation over Long-Term, Invests majorly in Debt & Money Market Securities, some part in invested in equity & Related Securities about 20% |
| BOI AXA Equity Debt Rebalancer Fund – Growth | Open-Ended Dynamic Fund, Long Term Returns, Low Volatility, Disciplined and Balanced allocation of funds between equity and debt securities |
| BOI AXA Mid-Cap Equity & Debt Fund – Growth | Open-Ended Equity Scheme, Long Term Capital Appreciation, Income Distribution, Invests in fixed income securities and also invests in equities of midcap companies |
Debt Funds from BOI AXA AMC
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. The following are the top debt fund option offered by this leading AMC.
| Fund Name | Fund Highlights |
| BOI AXA Treasury Advantage Fund-Retail Plan-Growth | Open-Ended Income Scheme, Lower Risk, High Liquidity, Invests in Debt & Money Market Securities |
| BOI AXA Liquid Fund-Retail Plan-Growth | Open-Ended Liquid Scheme, Lower Risk, High Liquidity, Invests in Debt & Money Market Securities |
| BOI AXA Short Term Income Fund – Growth | Open-Ended Liquid Scheme, Generates Income, Invests in Diversified Portfolio of Debt & Money Market Securities |
| BOI AXA Corporate Credit Spectrum Fund | Open-Ended Debt Fund, Capital Appreciation over Long Term, Invests in corporate debt across the credit spectrum |
Fund Managers
Mr. David Pezarkar
Mr. David Pezarkar has completed his Bachelor’s Degree in Arts with a major in Economics and Post Graduation as a PGDM from Narsee Monjee Institute of Management. He is currently working as Fund Manager in BOI AXA Mutual Fund and has experience of over 20 years as a fund manager. His prior experience in the industry has also included equity research.
Funds Managed by Mr. David Pezarkar
- BOI AXA Equity Fund
- BOI AXA Manufacturing and Infrastructure Fund
- BOI AXA Midcap Equity & Debt Fund (Equity Portion)
Mr. Saurabh Kataria
Mr. Saurabh Kataria has a Bachelor’s Degree in Commerce (Hons.) and has completed his MBA from ICFAI Business School, Hyderabad. He is currently managing multiple funds for BOI AXA Mutual Fund and has an experience of over 8 years in the financial domain. Prior to associating with BOI AXA Mutual Fund, he was working with Askar Capital Private Equity, and also worked with Goldman Sachs and Irevna Research
Funds Managed by Mr. Saurabh Kataria
- BOI AXA Tax Management Fund
- BOI AXA Equity Debt Rebalancer Fund (Equity Portion)
Mr. Alok Singh
Mr. Alok Singh is working as a fund manager with BOI AXA Mutual Fund from past 4 years and has total of 14 years’ experience in financial domain out of which he has 9 years of experience in the Mutual Fund Industry.
Mr. Piyush Baranwal
Mr. Piyush Baranwal has a CFA Certification and he has also completed his B.E. from Manipal Institute of Technology and completed his PGDBM (Finance) from S.P. Jain Institute of Management & Research. He is working as a fund manager in BOI AXA Mutual Fund in Fixed Income. Prior to this, he has worked with Morgan Stanley Investment Management as fund manager and credit assessment. He has overall 7 years of experience where he has worked on different profiles in finance domain like Trading, Fund Management and Credit Assessment.
Funds Managed by Mr. Piyush Baranwal
- BOI AXA Midcap Equity & Debt Fund (Debt Portion)
- BOI AXA Treasury Advantage Fund
- BOI AXA Liquid Fund
- BOI AXA Short Term Income Fund
How to Invest in BOI AXA Mutual Funds via Paisabazaar.com?
Step 1: On Paisabazaar.com, select the ‘Mutual Fund’ option.
Step 2: If you are a registered user, log in to the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left sidebar.
Step 4: Select the BIO AXA Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your SBI Mutual Fund eKYC?
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps-
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Passport
- Recent Utility Bill
- Rental/Lease Agreement
Benefits of Investing in Mutual Funds
- Mutual Funds are considered safe investment options as they are regulated by SEBI which saves the Investor from any fraudulent activities by the mutual fund companies/fund managers.
- Dividends earned are tax free if the securities are held for more than a year.
- Mutual funds are considered to be liquid if most of the schemes are liquidated within 3 days and some liquid funds can be liquidated overnight.
- Investing and redeeming BOI AXA Mutual Fund is a very easy and hassle free task.
- Portfolio maintained by the BOI AXA Mutual Funds is always maintained by averaging the risk and the return, investor can expect good rate of return while featuring a balanced risk.
- Investor can also choose for Systematic Investment Planning by which he can save some part of his monthly income in the mutual funds and in 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.
List of Top Performing BIO AXA Mutual Fund Schemes
| Scheme Name |
| BOI AXA Conservative Hybrid – Direct Growth |
| BOI AXA Conservative Hybrid – Regular Growth |
| BOI AXA Conservative Hybrid Equity Growth Fund |
| BOI AXA Equity Debt Rebalancer Direct Plan |
| BOI AXA Equity Debt Rebalancer Regular Plan |
| BOI AXA Liquid Fund – Direct Growth |
| BOI AXA Liquid Fund – Regular Plan |
| BOI AXA M & I Fund – Direct Growth |
| BOI AXA M & I Fund Gowth |
| BOI AXA Short Term Income – Direct Growth |
| BOI AXA Short Term Income Growth |
| BOI AXA Tax Advantage – Direct Growth |
| BOI AXA Tax Advantage – Regular Plan |
| BOI AXA Tax Advantage Eco Growth |
| BOI Large & Mid Cap Equity – Direct Growth |
| BOI Large & Mid Cap Equity – Regular Growth |
| BOI Large & Mid Cap Equity-E Growth |
| BOI Ultra Short Duration – Direct Growth |
| BOI Ultra Short Duration – Regular Growth |