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4 star

BOI AXA Manufacturing & Infrastructure Fund


Equity: Sectoral-Infrastructure

1 Lakh

Investment declined to
₹ 0.96 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.38 Lakh

Suitability:

This is a fund that invests mainly in shares of companies engaged in infrastructure-related activities or are expected to benefit from them.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other infrastructure fund, 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 -2.99 -0.41 0.07 5.58 14.00 -6.60 -3.25 -1.33 2.73 10.02 3.31
S&P BSE India Infrastructure TRI -21.11 -2.23 -4.93 -1.48 10.90 -24.43 -28.39 -12.66 -3.40 2.71 0.66
Equity: Sectoral-Infrastructure -15.61 -0.83 -1.77 4.83 14.09 -18.77 -16.69 -6.61 0.07 8.92 3.48
Rank within category 1 1 1 6 9 1 2 3 4 6 9
Number of funds in category 21 21 21 21 21 21 21 21 20 19 17

As on 15-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BOI AXA Manufacturing & Infrastructure Fund  | Invest Online
4 star
Mar-10 -3.25 -1.33 2.73 2.49 36
L&T Infrastructure Fund  | Invest Online
4 star
Sep-07 -19.10 -7.51 1.78 2.30 1,163
Franklin Build India Fund  | Invest Online Now
4 star
Sep-09 -21.54 -5.05 1.96 2.41 901
SBI Infrastructure Fund  | Invest Online
4 star
Jul-07 -11.12 -2.19 2.90 2.59 413
Nippon India Power & Infra Fund  | Invest Online
3 star
May-04 -13.68 -6.10 1.76 2.37 1,050

Best & Worst Performance

Best (Period) Worst (Period)
Week 12.95 (12-May-2014 - 19-May-2014) -17.83 (16-Mar-2020 - 23-Mar-2020)
Month 29.26 (07-May-2014 - 06-Jun-2014) -32.12 (20-Feb-2020 - 23-Mar-2020)
Quarter 43.09 (03-Mar-2014 - 02-Jun-2014) -25.88 (23-Dec-2019 - 23-Mar-2020)
Year 82.11 (03-Sep-2013 - 03-Sep-2014) -31.86 (31-Dec-2010 - 02-Jan-2012)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.24 24.24 -0.13 -0.16 0.88 9.02
S&P BSE India Infrastructure TRI -8.40 25.26 -0.54 -0.67 -- --
Equity: Sectoral-Infrastructure -2.49 25.34 -0.30 -0.35 0.95 5.23
Rank within category 3 7 3 3 6 2
Number of funds in category 21 21 21 21 21 21

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

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 53
Top 10 Stocks (%) 40.34
Top 5 Stocks (%) 24.39
Top 3 Sectors (%) 52.73
Portfolio P/B Ratio 2.89
Portfolio P/E Ratio 21.47

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 19,184 36,303
Giant (%) 22.80 36.50
Large (%) 5.69 10.07
Mid (%) 36.96 27.10
Small (%) 33.17 27.22
Tiny (%) 1.37 1.74

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 Bharti Airtel Communication -- 7.41 0.00 6.97
down Honeywell Automation Engineering 51.11 7.10 0.00 5.81
down Alkem Laboratories Healthcare 26.87 5.30 0.00 3.93
up Larsen & Toubro Construction 13.41 7.05 3.03 3.91
down Reliance Industries Energy 31.71 6.33 0.00 3.77
equal Timken India Engineering 31.68 3.62 0.00 3.62
down Gujarat Gas Chemicals 17.25 4.04 0.00 3.61
down Divi's Laboratories Healthcare 42.92 3.85 0.00 3.15
equal Kajaria Ceramics Construction 24.30 3.39 0.00 2.81
equal Tube Investments Of India Automobile 29.09 2.83 0.00 2.76
down GMM Pfaudler Engineering 83.31 2.95 0.00 2.71
equal Orient Electric Engineering 46.76 2.72 0.00 2.59
equal PI Industries Chemicals 56.56 2.78 0.00 2.50
new Reliance Industries Ltd - Partly Paid Equity Energy -- 2.32
equal Ultratech Cement Construction 18.95 2.50 0.00 2.31
equal CCL Products (I) FMCG 19.22 2.27 0.00 2.27
up Dixon Technologies Engineering 62.04 2.85 0.00 2.23
equal Mishra Dhatu Nigam Metals 24.31 2.20 0.00 2.11
down Astral Poly Technik Chemicals 56.39 3.10 1.00 2.11
down HG Infra Engineering Construction 7.83 3.30 0.00 2.10
equal Torrent Power Energy 13.02 2.67 0.62 2.03
equal NTPC Energy 12.94 4.41 0.00 1.93
equal Power Grid Corporation Energy 9.12 6.68 0.00 1.89
equal Ircon International Construction 8.81 2.18 0.00 1.85
equal UPL Chemicals 18.85 1.69 0.00 1.65

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 30-Jun-2020

Fund Manager

— Alok Singh since 16-Feb-2017

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:


-0.41%

Change from previous, NAV as on 15-Jul-2020

Growth: ₹ 14.5800

Dividend Quarterly: ₹ 9.4700

Dividend: ₹ 9.5200


Investment Strategy

The scheme seeks long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies engaged in manufacturing and infrastructure and related sectors.

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 For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 05-Mar-2010
Return Since Launch: 3.70%
Benchmark: S&P BSE India Infrastructure TRI (50), S&P BSE India Manufacturing TRI (50)
Riskometer: High
Type: Open-ended
Assets: ₹ 36 Cr (As on 30-Jun-2020)
Expense: 2.49% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 103.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-Jun-20190.4427

 25-Mar-20190.8854
 26-Dec-20180.8854
 26-Mar-20182.0000
 27-Mar-20171.0000
Dividend Quarterly25-Jun-20190.3940

 25-Mar-20190.8854
 26-Dec-20180.8854
 25-Sep-20180.2214
 25-Jun-20180.2214
 26-Mar-20180.2500
 27-Dec-20170.2500
 26-Sep-20170.2500
 27-Jun-20170.2500
 27-Mar-20170.2500
 26-Dec-20160.2000
 27-Sep-20160.2000
 28-Dec-20150.2500
 28-Sep-20150.3000

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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM