Bank of India Mutual Fund
Bank of India Mutual Fund
Introduction
Bank of India Mutual Fund operates under Bank of India Investment Managers Private Limited, which is a wholly-owned subsidiary of Bank of India, one of India's leading public sector banks. The AMC was incorporated on August 13, 2007, and commenced its mutual fund operations on March 31, 2008. Over the years, the AMC has undergone name changes, previously being known as BOI AXA Investment Managers Private Limited and BOI Star Investment Managers Private Limited, reflecting its past collaborations before becoming solely owned by Bank of India. With over 15 years of experience in fund management, Bank of India Mutual Fund aims to provide diverse investment solutions across various asset classes, catering to the financial goals of a wide investor base.
Fund Managers
Bank of India Mutual Fund has a team of experienced professionals managing its diverse schemes across equity, debt, and hybrid categories. Key fund managers include:
- Mr. Mohit Bhatia: MD & CEO.
- Mr. Alok Singh: Chief Investment Officer (CIO). He has extensive experience, particularly in fixed income fund management.
- Mr. Nitin Gosar: Fund Manager (Equity).
- Mr. Dhruv Bhatia: Assistant Fund Manager (Equity).
- Mr. Mithraem Bharucha: Fund Manager.
- Mr. Ajay Khandelwal: Fund Manager (Equity).
- Mr. Amit Modani: Fund Manager.
This team's expertise guides the investment decisions and portfolio management across the fund house's offerings.
Scope and Investment Philosophy
Bank of India Mutual Fund's investment philosophy is geared towards providing long-term capital appreciation and managing investor wealth through a disciplined and well-researched approach. Their scope and core principles generally involve:
- Diversified Offerings: They offer a range of mutual fund schemes across equity, debt, and hybrid categories, aiming to cater to various risk appetites and investment horizons, from those seeking long-term growth to those desiring stable income or tax savings.
- Fundamental Research: The fund managers rely on fundamental research for stock selection in equity schemes, identifying companies with sustainable business models and potential for capital appreciation.
- Prudent Debt Management: For debt funds, the focus is on maintaining portfolio quality, managing interest rate risk, and providing stable returns by investing in a mix of government securities, corporate bonds, and money market instruments.
- Dynamic Asset Allocation (for Hybrid Funds): For hybrid schemes, they often employ dynamic asset allocation strategies, adjusting exposures to equity and debt based on market valuations and outlooks to optimize risk-adjusted returns.
- Goal-Oriented Investing: They promote goal-oriented investing through tools like Systematic Investment Plans (SIPs) to help investors achieve specific financial objectives over time.
- Risk Control: Robust risk management practices are integral to their investment process to ensure portfolios are managed within defined risk parameters.
Part 2: List of Funds with Brief Explanation
Bank of India Mutual Fund offers a variety of schemes. Here's a list of some of their prominent funds with a brief explanation based on their categories:
Equity Funds:
- Bank of India Bluechip Fund: An equity scheme that predominantly invests in large-cap stocks, aiming for long-term capital appreciation from established companies.
- Bank of India Flexi Cap Fund: An equity scheme that invests across large-cap, mid-cap, and small-cap stocks, providing flexibility to navigate market opportunities.
- Bank of India Small Cap Fund: An equity scheme predominantly investing in small-cap stocks, targeting high growth potential from smaller companies, typically associated with higher risk.
- Bank of India Multi Cap Fund: An equity fund that invests across large-cap, mid-cap, and small-cap stocks with specific minimum allocations to each.
- Bank of India Large & Mid Cap Equity Fund: An equity fund that invests in a mix of large-cap and mid-cap companies, combining stability with growth potential.
- Bank of India ELSS Tax Saver Fund: An Equity Linked Savings Scheme (ELSS) that invests primarily in equities and qualifies for tax deductions under Section 80C, with a 3-year lock-in period.
- Bank of India Manufacturing & Infrastructure Fund: An equity sectoral/thematic fund that focuses on companies in the manufacturing and infrastructure sectors.
- Bank of India Business Cycle Fund: An equity thematic fund that invests in companies expected to benefit from prevailing business cycles.
- Bank of India Consumption Fund: An equity sectoral/thematic fund that focuses on companies benefiting from India's growing consumption theme.
Debt Funds:
- Bank of India Liquid Fund: A debt liquid fund that invests in very short-term money market instruments, offering high liquidity and aiming for stable, low-risk returns.
- Bank of India Overnight Fund: A debt overnight fund that invests in debt and money market instruments with a maturity of one day, offering maximum liquidity.
- Bank of India Ultra Short Duration Fund: A debt ultra-short duration fund that invests in debt and money market instruments with very short maturities, suitable for parking surplus funds for a brief period.
- Bank of India Short Term Income Fund: A debt short duration fund that invests in debt and money market instruments with short maturities, suitable for investors with a short-term investment horizon.
- Bank of India Credit Risk Fund: A debt credit risk fund that primarily invests in relatively lower-rated corporate bonds for potentially higher yields but with higher credit risk.
- Bank of India Banking & PSU Debt Fund: A debt fund that primarily invests in debt instruments issued by banks and Public Sector Undertakings (PSUs).
- Bank of India Gilt Fund: A debt gilt fund that invests predominantly in government securities (G-Secs), which carry no credit risk.
Hybrid Funds:
- Bank of India Balanced Advantage Fund: A hybrid dynamic asset allocation fund that dynamically adjusts its allocation between equity and debt based on market valuations, aiming for balanced returns with managed risk.
- Bank of India Mid & Small Cap Equity & Debt Fund: A hybrid aggressive hybrid fund that invests predominantly in mid and small-cap equities along with debt, combining growth potential with some stability.
- Bank of India Conservative Hybrid Fund: A hybrid conservative hybrid fund that invests a higher proportion in debt instruments and a smaller portion in equities, focusing on capital preservation with moderate growth.
- Bank of India Arbitrage Fund: A hybrid arbitrage fund that aims to generate returns by capitalizing on price differences between the cash and derivatives segments of the equity market, with the balance invested in debt.
- Bank of India Multi Asset Allocation Fund: A hybrid multi asset allocation fund that invests across at least three asset classes (e.g., equity, debt, gold ETF), typically with dynamic allocation.
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