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BOI AXA Tax Advantage Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.48 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.09 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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 10% (effectively 11.648%, 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 2.66 0.39 2.02 3.33 7.93 13.54 19.18 13.88 8.77 13.67 9.09
Equity: ELSS 2.60 0.18 1.57 3.12 7.16 7.23 11.68 11.37 8.11 13.33 11.13
Rank within category 20 5 4 15 11 3 3 6 11 11 25
Number of funds in category 38 38 38 38 37 36 35 34 29 28 27

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 45.83 (06-May-2009 - 05-Jun-2009) -19.14 (07-Sep-2018 - 09-Oct-2018)
Quarter 106.58 (05-Mar-2009 - 04-Jun-2009) -22.90 (10-Nov-2010 - 09-Feb-2011)
Year 152.15 (09-Mar-2009 - 09-Mar-2010) -24.94 (05-Oct-2010 - 05-Oct-2011)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.19 16.37 0.58 0.67 1.12 0.39
Equity: ELSS 12.04 13.32 0.48 0.70 0.95 -1.40
Rank within category 4 33 12 20 33 10
Number of funds in category 34 34 34 34 34 34

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 52
Top 10 Stocks (%) 43.88
Top 5 Stocks (%) 29.60
Top 3 Sectors (%) 64.38
Portfolio P/B Ratio 5.38
Portfolio P/E Ratio 38.14

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 77,983 98,037
Giant (%) 47.42 52.66
Large (%) 10.95 14.56
Mid (%) 32.85 24.99
Small (%) 8.78 8.12
Tiny (%) -- 0.23

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Bajaj Finance Financial 51.56 6.99 0.00 6.99
equal ICICI Bank Financial 66.86 6.84 0.00 6.84
equal HDFC Bank Financial 26.64 6.50 1.97 6.28
up Reliance Industries Energy 23.10 4.94 0.00 4.94
equal Kotak Mahindra Bank Financial 39.46 4.57 0.00 4.55
equal HDFC Financial 34.95 3.03 0.00 3.03
equal PI Industries Chemicals 43.66 3.12 0.00 2.95
equal Abbott India Healthcare 50.86 2.82 0.00 2.82
equal Axis Bank Financial 46.94 5.36 0.00 2.77
equal Divi's Laboratories Healthcare 39.20 3.34 0.00 2.71
up SBI Life Insurance Company Financial 81.43 2.38 0.00 2.38
down Whirlpool Cons Durable 65.87 2.46 0.98 2.19
equal Asian Paints Chemicals 67.88 2.23 0.00 2.07
equal Mas Financial Services Financial 27.09 2.03 0.00 2.03
equal Cholamandalam Invest. & Fin. Financial 20.89 2.94 0.00 2.01
down Avenue Supermarts Services 102.26 2.32 0.00 1.98
equal Timken India Engineering 37.86 2.08 1.10 1.65
equal Honeywell Automation Engineering 61.17 1.86 0.00 1.62
equal L&T Technology Services Engineering 21.21 2.46 0.00 1.56
equal ICICI Lombard General Insurance Financial 56.28 1.56 0.00 1.54
down Hindustan Unilever FMCG 67.70 1.95 0.00 1.52
equal Bajaj Finserv Financial 41.37 1.50 0.00 1.50
up HDFC Asset Management Company Financial 58.83 1.48 0.00 1.48
down Tata Consultancy Services Technology 25.67 3.12 0.00 1.44
up Aarti Industries Chemicals 27.90 3.15 0.98 1.44

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-Dec-2019

Fund Manager

— Aakash Manghani since 15-Jul-2019

Education: Mr. Manghani has done Bachelors in Engineering

Experience: Prior to joining BOI AXA Mutual Fund he has worked with Pioneer Investcorp Ltd., Girik Capital and Amdocs Ltd.

Funds Managed:


0.39%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 57.0300

Dividend: ₹ 14.1500


Investment Strategy

The scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 25-Feb-2009
Return Since Launch: 17.32%
Benchmark: S&P BSE 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 266 Cr (As on 31-Dec-2019)
Expense: 2.65% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Average
Turnover: 45.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Mar-20182.0000

 27-Dec-20172.0000
 27-Mar-20174.0000
 28-Mar-20162.0000
 25-Mar-20152.0000
 25-Mar-20140.5000
 16-Mar-20103.0000
 25-Jan-20103.0000
 23-Dec-20093.0000
 04-Jun-20091.0000

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM