- 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.
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.
Benefits of Investing in Mutual Funds
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.
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.
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.
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
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.
Funds Managed by Mr. Alok Singh
- BOI AXA Regular Return Fund
- BOI AXA Equity Debt Rebalancer Fund ( Debt Portion)
- BOI AXA Midcap Equity & Debt Fund
- BOI AXA Liquid Fund
- BOI AXA Short Term Income Fund
- BOI AXA Corporate Credit Spectrum Fund
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
PMS (Portfolio Management Services)
BOI AXA Investment Managers Pvt. Ltd. (BAIIM) is a SEBI registered Portfolio Manager. BAIM is operation Portfolio Management Services after BAIM got license for PMS on 28 June, 2010. PMS services offered by BAIM are customized as per client requirements and specifications. Regular contact with the PMS team and client leads to better benefits for the clients.
How to Buy on PaisaBazaar.com?
Paisabazaar.com has made the buying of mutual funds very easy. Anyone can log on to Paisabazaar.com or can download the app on a smartphone to make mutual fund purchases at their convenience. By verifying the mobile number through the simple process of one time password, we just have to choose the mutual funds option and then we have to provide the personal details, contact details and the bank details. All available mutual fund options will be displayed based on your chosen category and filters. On choosing the BOI AXA Mutual Fund options, you can easily purchase the mutual fund scheme of your choice by following the instructions that are provided. For any support you can always call the toll free number 1800-208-8877.
We all must take steps to secure our financial future and we can start doing that from the day we start earning by means of different investment options. But many investors just depend on conventional methods of investments like FD and RD in Banks or Post Office Savings Scheme. Mutual Funds are a much better option to invest in which can give better returns on investments as they outperform increasing inflation. Investment options that banks provide such as FD and RD barely beat inflation, which effectively means we don’t earn anything over and above our investment at the time of maturity.
Let’s say we have invested Rs. 1000 today and the prevailing rate of inflation is 6%. After one year if the bank gives Rs. 1080 at the rate of 8% p.a. as the maturity amount, it means that we have actually received 2% as interest on our investment. This is not the case with mutual funds, mutual funds can give much higher returns usually around 10-14% and within different schemes of mutual funds a person can choose the returns to opt for according to his risk taking ability and financial need. Directly investing in equities such as shares needs lots of experience and knowledge - this often takes years to attain. Through mutual funds we can invest in equities and debts with the help of experienced fund managers, hence it is a much safer bet than direct equity investments.