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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.
Types of Mutual Fund offered BOI AXA
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 |
| Description | Long Term Capital Growth, Investment in equity and equity-related securities including equity derivatives of companies across market capitalisations |
| Objective | Generate 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 Allotment | October 21, 2008 |
| Benchmark | BSE 200 Total Return Index (TRI) |
| Entry Load | Nil |
| 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”. |
| Riskometer | Moderately 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 |
| Description | Long Term Capital Growth, Investment in equity and equity-related securities including equity derivatives of companies across market capitalisations |
| Objective | Generate 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 Allotment | February 25, 2009 |
| Benchmark | BSE 500 Total Return Index (TRI) |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Moderately High Risk |
BOI AXA Manufacturing and Infrastructure fund
| Fund Type | An open-ended equity scheme investing in manufacturing and infrastructure sectors |
| Description | Long Term Capital Growth, Investment in equity and equity-related securities of companies Scheme engaged in manufacturing & infrastructure related sectors. |
| Objective | Generate 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 Allotment | March 5, 2010 |
| Benchmark | S&P BSE India Manufacturing TRI (50%) and S&P BSE India Infrastructure TRI (50%) |
| Entry Load | Nil |
| 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” |
| Riskometer | High Risk |
Hybrid Funds
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 |
| Objective | Generate 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 Allotment | March 18, 2009 |
| Benchmark | CRISIL Hybrid 85 + 15 - Conservative Index |
| Entry Load | Nil |
| 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 |
| Riskometer | Moderate Risk |
BOI AXA Equity Debt Rebalancer fund
| Fund Type | An open-ended dynamic asset allocation fund |
| Description | Long-term capital appreciation. Dynamic asset allocation between equity and fixed income based on equity market valuations. |
| Objective | Generate 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 Allotment | March 14, 2014 |
| Benchmark | Nifty 50 TRI (50%) & CRISIL Short Term Bond Fund Index (50%) |
| Entry Load | Nil |
| 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” |
| Riskometer | Moderately 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. |
| Objective | provide 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 Allotment | July 10, 2016 |
| Benchmark | NIFTY MidSmallcap 400 TRI: 70%; CRISIL Short Term Bond Fund Index: 30% |
| Entry Load | Nil |
| 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”” |
| Riskometer | Moderately High Risk |
BOI AXA Arbitrage fund
| Fund Type | An open-ended scheme investing in arbitrage opportunities |
| Description | Income 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. |
| Objective | Generate 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 Allotment | June 18, 2018 |
| Benchmark | NIFTY 50 Arbitrage Index |
| Entry Load | Nil |
| Exit Load | For 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 |
| Riskometer | Moderately Low Risk |
Debt Funds
BOI AXA Liquid fund
| Fund Type | An open-ended liquid |
| Description | Regular income over short term. Investment in Debt and Money Market Instruments. |
| Objective | Reasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments. |
| Date of Allotment | July 16, 2008 |
| Benchmark | CRISIL Liquid Fund Index |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Low 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. |
| Objective | Reasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments |
| Date of Allotment | July 16, 2008 |
| Benchmark | CRISIL Liquid Fund Index |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Moderately 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. |
| Objective | Generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. |
| Date of Allotment | December 18,2008 |
| Benchmark | CRISIL Short Term Bond Fund Index |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Moderate Risk |
BOI AXA Credit Risk fund
| Fund Type | Open-Ended Debt Scheme predominantly investing in AA and below rated corporate bonds |
| Description | Long 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. |
| Objective | Generate 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 Allotment | February 27, 2015 |
| Benchmark | CRISIL Short Term Bond Fund Index |
| Entry Load | Nil |
| 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. |
| Riskometer | Moderate Risk |
How to invest in BOI AXA Mutual Fund?
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.
FAQs
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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