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Introduction to the Fund

On May 7th, 2012, Bank of India had bought a 51% stake in the Bharti AXA Investment Managers Private Limited (Bharti AXA Mutual Fund) and Bharti AXA Trustee Services Private Limited. Post this joint venture, Bank of India (BOI) became a co-sponsor along with the existing sponsor – AXA Investment Managers and the Mutual Fund was renamed to BOI AXA Mutual Fund.


BOI AXA Mutual Fund offers about 11 different schemes broadly under the Equity, Debt and Hybrid types of mutual fund. These funds are managed by experienced Fund Managers who have more than a decade of experience in investments.

Equity Funds

BOI AXA Large & Mid cap equity fund

Fund Type An open-ended equity scheme investing in both large cap and mid cap stocks
DescriptionLong Term Capital Growth, Investment in equity and equity-related securities including equity derivatives of companies across market capitalisations
ObjectiveGenerate 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. The Scheme is large and mid-cap fund.
Date of AllotmentOctober 21, 2008
BenchmarkBSE 200 Total Return Index (TRI)
Entry LoadNil
Exit LoadFor redemption/switch out up to 10% of the initial units allotted -within 1 year from the date of allotment: “NIL”

Any redemption/switch out - in excess of the above-mentioned limit would be subject to an exit load of 1%, if the units are redeemed/switched out within 1 year from the date of allotment of units. If the units are redeemed/switched out after 1 year from the date of allotment of units: “Nil”.

RiskometerModerately High Risk

BOI AXA Tax Advantage fund

Fund Type An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
DescriptionLong Term Capital Growth, Investment in equity and equity-related securities including equity derivatives of companies across market capitalisations
ObjectiveGenerate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalizations. The Scheme is diversified multi-cap fund.
Date of AllotmentFebruary 25, 2009
BenchmarkBSE 500 Total Return Index (TRI)
Entry LoadNil
Exit LoadNil
RiskometerModerately High Risk

BOI AXA Manufacturing and Infrastructure fund

Fund Type An open-ended equity scheme investing in manufacturing and infrastructure sectors
DescriptionLong Term Capital Growth, Investment in equity and equity-related securities of companies Scheme engaged in manufacturing & infrastructure related sectors.
ObjectiveGenerate long-term term capital appreciation through a portfolio of predominantly equity and equity related securities of companies engaged in manufacturing and infrastructure related sectors.
Date of AllotmentMarch 5, 2010
BenchmarkS&P BSE India Manufacturing TRI (50%) and S&P BSE India Infrastructure TRI (50%)
Entry LoadNil
Exit Load

For redemption/switch out up to 10% of the initial units allotted -within 1 year from the date of allotment: “NIL”

Any redemption/switch out - in excess of the above-mentioned limit would be subject to an exit load of 1%, if the units are redeemed/switched out within 1 year from the date of allotment of units. If the units are redeemed/switched out after 1 year from the date of allotment of units: “Nil”

RiskometerHigh Risk

BOI AXA Conservative Hybrid fund

Fund Type An open-ended hybrid scheme investing predominantly in debt instruments
Description

An open-ended conservative hybrid fund with a mandate to invest 75%-90% in debt & money market instruments and 10-25% in equity and equity related securities.

The equity component offers investors the opportunity for higher returns as compared to traditional fixed income instruments.

The fixed income component offers stability of portfolio as the major part of the portfolio is always invested in debt / money market instruments.

An ideal investment avenue for the traditional fixed income investor who wants some exposure to equity

ObjectiveGenerate regular income through investments in fixed income securities and to generate long term capital appreciation by investing a portion in equity and equity related instruments
Date of AllotmentMarch 18, 2009
BenchmarkCRISIL Hybrid 85 + 15 - Conservative Index
Entry LoadNil
Exit Load

For redemption/switch out of upto10% of the initial-units allotted within 1 year from the date of allotment: Nil

Any redemption/switch out - in excess of the above-mentioned limit would be subject to an exit load of 1%, if the units are switched out within 1 year from the date of allotment of units. If the units are redeemed/switched out after 1 year from the date of allotment of units: Nil

RiskometerModerate Risk

BOI AXA Equity Debt Rebalancer fund

Fund Type An open-ended dynamic asset allocation fund
DescriptionLong-term capital appreciation. Dynamic asset allocation between equity and fixed income based on equity market valuations.
ObjectiveGenerate 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
Date of AllotmentMarch 14, 2014
BenchmarkNifty 50 TRI (50%) & CRISIL Short Term Bond Fund Index (50%)
Entry LoadNil
Exit Load

For redemption/switch out upto 10% of the initial units allotted -within 1 year from the date of allotment: “NIL”

Any redemption/switch out - in excess of the above-mentioned limit would be subject to an exit load of 1%, if the units are redeemed/switched out within 1 year from the date of allotment of units. If the units are redeemed/switched out after 1 year from the date of allotment of units: “Nil”

RiskometerModerately High Risk

BOI AXA Mid and Small Cap Equity & Debt fund

Fund Type An Open-Ended Hybrid Scheme investing predominantly in equity and equity related instruments
Description

Long term capital appreciation and income distribution.

Equity fund investing in Mid & Small Cap equity and equity related securities (not part of the top 100 stocks by market capitalization) as well as fixed income securities.

Objectiveprovide capital appreciation and income distribution to investors from a portfolio constituting of mid cap equity and equity related securities as well as fixed income securities
Date of AllotmentJuly 10, 2016
BenchmarkNIFTY MidSmallcap 400 TRI: 70%; CRISIL Short Term Bond Fund Index: 30%
Entry LoadNil
Exit Load

For redemption/switch out upto 10% of the initial units allotted -within 1 year from the date of allotment: “NIL”

Any redemption/switch out - in excess of the above-mentioned limit would be subject to an exit load of 1%, if the units are redeemed/switched out within 1 year from the date of allotment of units.

If the units are redeemed/switched out after 1 year from the date of allotment of units: “Nil””

RiskometerModerately High Risk

BOI AXA Arbitrage fund

Fund Type An open-ended scheme investing in arbitrage opportunities
DescriptionIncome over short to medium term. Income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment.
ObjectiveGenerate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments
Date of AllotmentJune 18, 2018
BenchmarkNIFTY 50 Arbitrage Index
Entry LoadNil
Exit LoadFor Redemption/switch out - of up to 10% of the initial units allotted -within 30 days from the date of allotment: Nil Any Redemption/Switch out - in excess of the above-mentioned limit would be subject to an exit load of 0.50%, if the units are switched out within 30 days from the date of allotment of units

If the units are redeemed/switched out after 30 days from the date of allotment of units: Nil

RiskometerModerately Low Risk

BOI AXA Liquid fund

Fund Type An open-ended liquid
DescriptionRegular income over short term. Investment in Debt and Money Market Instruments.
ObjectiveReasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments.
Date of AllotmentJuly 16, 2008
BenchmarkCRISIL Liquid Fund Index
Entry LoadNil
Exit LoadNil
RiskometerLow Risk

BOI AXA Ultra Short Duration fund

Fund Type Open ended ultra-short-term debt scheme investing in instruments with Macaulay Duration of portfolio between 3-6 months
Description

Regular income over short to medium term.

Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months.

ObjectiveReasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments
Date of AllotmentJuly 16, 2008
BenchmarkCRISIL Liquid Fund Index
Entry LoadNil
Exit LoadNil
RiskometerModerately Low Risk

BOI AXA Short Term Income fund

Fund Type Open-Ended Short-Term Debt Scheme investing in instruments with Macaulay duration of portfolio between 1-3 years
Description

Regular income over short to medium term.

Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year - 3 years.

ObjectiveGenerate income and capital appreciation by investing in a diversified portfolio of debt and money market securities.
Date of AllotmentDecember 18,2008
BenchmarkCRISIL Short Term Bond Fund Index
Entry LoadNil
Exit LoadNil
RiskometerModerate Risk

BOI AXA Credit Risk fund

Fund Type Open-Ended Debt Scheme predominantly investing in AA and below rated corporate bonds
DescriptionLong term capital appreciation. Investment primarily in corporate debt securities with medium to long term maturities across the credit spectrum within the universe of investment grade rating.
ObjectiveGenerate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating.
Date of AllotmentFebruary 27, 2015
BenchmarkCRISIL Short Term Bond Fund Index
Entry LoadNil
Exit Load% if redeemed within 12 months from the date of allotment. 3% if redeemed after 12 months but within 24 months from the date of allotment. 2% if redeemed after 24 months but within 36 months from the date of allotment. Nil if redeemed after 36 months from the date of allotment.
RiskometerModerate Risk

There are many ways to invest in BOI AXA Mutual Fund.

Online investment – You can invest online through the facility of ‘Invest Online’ without submitting any documents. The pre-requisite for using this service by new investors are:

  • Email ID
  • Mobile
  • Valid KYC
  • Aadhar number
  • PAN
  • Bank account details

If the above details are readily available, it will take less than 5mins to complete the transaction.

  • Submission at the Branch – You can personally submit the completed application form with the required supporting documents at any of the branches in the country. The application form can be easily accessed from the Investor Corner section of the website.
  • Investing through SMS – This facility is available for an existing investor who has a folio number. You need register with the fund and submit an application form. After completing the registration, you can start investing through SMS using codes.
  • Through registered investment advisors – You can make your investments through AMFI registered investment advisors who have been enrolled with them as well as the SEBI.
  • BSE & NSE Platforms – You can make your investments through the DEMAT mode. One needs to contact the Brokers to transact through stock exchanges Mutual fund platform. The brokers who have the license to operate on these platforms can accept the physical or Demat mode investments.

Documents required for investing in BOI AXA Mutual Fund

First time investors (apart from the application form)

  • Email ID
  • Mobile Number
  • Valid KYC
  • FATCA (Foreign Account Tax Compliance Act) declaration
  • PAN
  • Bank account details

In case of an existing investor, a transaction slip along with the cheque/online funds transfer details is to be submitted.


1. Is there any charge for operating an online account?

No. This service is offered at free of cost.

2. How are the redemption proceeds received?

Once the redemption process has been completed on the applicable NAV, the proceeds are transferred to your online bank account that has been registered.

3. Is it possible to make multiple redemptions/switches/different folios at the same time?

Yes, this can be done.

4. I have completed my first purchase online. What are the steps to be followed to use the other facilities?

A used ID gets created when you first make the online purchase. This user ID serves the purpose of login as well. All features like financial transactions – redemption/switch/SIP/liquidity and Non-financial transactions – making a folio, removing a folio, password creation and PIN change can be done through this user ID.

5. What activities can I do through Invest Online?

As a New and an Existing Investor, you can invest online in the mutual fund without any paperwork. You can place a request for Purchase, Redemption or Switch. You can view account details, transaction summary and view/download account statement online.

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