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BOI AXA Short Term Income Fund - Regular Plan


Debt: Short Duration

1 Lakh

Investment declined to
₹ 0.92 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.17 Lakh

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -3.37 0.11 0.29 1.10 -6.64 -3.55 -7.74 -3.20 1.60 3.51 4.63
CCIL T Bill Liquidity Weight 2.02 0.01 0.06 0.22 0.87 1.93 3.90 4.14 4.33 4.69 4.78
Debt: Short Duration 5.89 0.14 1.16 2.48 4.15 5.69 9.34 6.24 7.14 7.58 7.90
Rank within category 27 20 27 26 27 27 27 24 24 23 21
Number of funds in category 27 27 27 27 27 27 27 24 24 23 21

As on 07-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BOI AXA Short Term Income Fund - Regular Plan  | Invest Online
1 star
Dec-08 -7.74 -3.20 1.60 1.10 36
SBI Short Term Debt Fund
4 star
Jul-07 11.30 8.12 8.35 0.84 14,266
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 11.38 8.09 8.67 1.51 13,649
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 11.40 8.42 8.32 0.80 12,511
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 11.80 8.79 8.69 0.39 11,138

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.27 (11-Feb-2020 - 18-Feb-2020) -9.40 (23-Apr-2020 - 30-Apr-2020)
Month 3.20 (05-Feb-2020 - 06-Mar-2020) -11.27 (03-Jun-2019 - 03-Jul-2019)
Quarter 4.79 (11-Dec-2019 - 11-Mar-2020) -17.30 (06-Jun-2019 - 05-Sep-2019)
Year 10.82 (24-Nov-2015 - 24-Nov-2016) -19.95 (30-Apr-2019 - 29-Apr-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -2.76 10.19 -0.79 -1.38 -6.73 -16.32
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Short Duration 5.74 3.41 0.64 1.42 1.21 1.92
Rank within category 26 26 26 26 1 26
Number of funds in category 26 26 26 26 26 26

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 14 8 51
Modified Duration (yrs) 2.55 2.88 1.57 --
Average Maturity (yrs) 3.19 3.83 1.99 --
Yield to Maturity (%) 5.66 9.71 5.66 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.02% BPCL 2024 Debenture AAA 6.13 - 14.88 14.88
equal 8.35% REC 13/03/2022 Debenture AAA 6.03 - 14.39 14.39
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 24.06 14.38
equal 8.58% Aadhar Housing Finance 23/06/2020 Structured Obligation AA 8.02 - 18.89 11.16
equal HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 10.78 10.78
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 9.47 8.20
down 7.83% Maharashtra State 2030 State Development Loan SOV 0.00 - 11.89 7.63
equal Sintex-BAPL 31/12/2021 Debenture D 0.00 - 0.00 0.00
equal Sintex-BAPL 31/12/2020 Debenture D 0.00 - 0.00 0.00

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2020

Fund Manager

— Alok Singh since 23-Jan-2020

Education: Mr. Singh is a CFA and PGDBA from ICFAI Business School.

Experience: Prior to joining BOI AXA AMC he has worked with BNP Paribas Asset Management and Axis Bank

Funds Managed:

— Amit Modani since 23-Jan-2020

Education: Mr. Modani is Chartered Accountant

Experience: Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.

Funds Managed:


0.11%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 16.5898

Dividend Quarterly: ₹ 8.3889

Dividend Monthly: ₹ 8.5127


Investment Strategy

The scheme seeks to generate reasonable returns by investing in debt and money market instruments. The scheme would not be investing more than 70% into securities having average maturity of more than 370 days.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 18-Dec-2008
Return Since Launch: 4.48%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 36 Cr (As on 31-May-2020)
Expense: 1.10% (As on 31-May-2020)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Apr-20190.0360

 25-Mar-20190.0504
 25-Feb-20190.0360
 25-Jan-20190.0360
 26-Dec-20180.0504
 26-Nov-20180.0360
 25-Oct-20180.0432
 25-Sep-20180.0388
 28-Aug-20180.0504
 25-Jul-20180.0288
 25-Jun-20180.0288
 25-May-20180.0072
 25-Apr-20180.0288
 26-Mar-20180.0289
 26-Feb-20180.0278
 25-Jan-20180.0181
 27-Dec-20170.0289
 27-Nov-20170.0217
 25-Oct-20170.0361
 26-Sep-20170.0433
 28-Aug-20170.0506
 25-Jul-20170.0650
 27-Jun-20170.0433
 25-May-20170.0433
 25-Apr-20170.0506
Dividend Quarterly25-Mar-20190.1080

 26-Dec-20180.1080
 25-Sep-20180.1080
 25-Jun-20180.0648
 26-Mar-20180.0867
 27-Dec-20170.1083
 26-Sep-20170.1445
 27-Jun-20170.1806
 27-Mar-20170.1806
 26-Dec-20160.1445
 27-Sep-20160.1445
 27-Jun-20160.1445
 28-Mar-20160.1445
 28-Dec-20150.1445
 28-Sep-20150.1445
 29-Jun-20150.1445
 25-Mar-20150.2178
 18-Dec-20140.1307
 25-Sep-20140.1403
 25-Jun-20140.1948
 25-Mar-20140.1559
 26-Dec-20130.1870
 25-Sep-20130.0468
 25-Jun-20130.1559
 25-Mar-20130.1630

Contact Information

AMC: BOI AXA Investment Managers Private Ltd.

Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013

Email: [email protected]

Website: http://www.boiaxamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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