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BOI AXA Manufacturing & Infrastructure Fund


1 Lakh

Investment Grown to
₹ 1.21 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.71 Lakh

Analyst's Choice?

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 7.72 0.00 0.50 4.45 8.01 14.17 19.66 6.51 5.64 10.71 --
S&P BSE India Infrastructure TRI -2.01 -1.61 -2.74 -6.13 -3.22 -1.07 -0.29 -3.48 0.63 7.39 --
Equity: Sectoral-Infrastructure 2.75 -0.32 -1.37 -0.63 3.71 9.05 14.64 4.08 4.56 10.79 --
Rank within category 2 5 1 2 2 2 5 5 7 10 --
Number of funds in category 21 21 21 21 21 21 21 21 20 19 16

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 12.95 (12-May-2014 - 19-May-2014) -8.88 (29-May-2018 - 05-Jun-2018)
Month 29.26 (07-May-2014 - 06-Jun-2014) -18.49 (07-Sep-2018 - 09-Oct-2018)
Quarter 43.09 (03-Mar-2014 - 02-Jun-2014) -25.77 (10-Nov-2010 - 09-Feb-2011)
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 8.14 19.31 0.13 0.17 0.92 8.03
S&P BSE India Infrastructure TRI -0.35 18.74 -0.32 -0.49 -- --
Equity: Sectoral-Infrastructure 6.67 17.66 0.07 0.12 0.87 6.23
Rank within category 9 18 9 11 17 6
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 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 55
Top 10 Stocks (%) 36.98
Top 5 Stocks (%) 20.77
Top 3 Sectors (%) 58.82
Portfolio P/B Ratio 3.25
Portfolio P/E Ratio 20.96

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 15,843 36,909
Giant (%) 15.63 32.88
Large (%) 8.16 12.96
Mid (%) 33.29 26.47
Small (%) 41.20 28.37
Tiny (%) 1.73 1.52

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 Honeywell Automation Engineering 68.91 5.23 0.00 5.23
down Reliance Industries Energy 21.61 6.33 0.00 4.29
equal Larsen & Toubro Construction 18.40 7.05 3.03 4.16
equal Alkem Laboratories Healthcare 27.96 3.64 0.00 3.64
equal Dilip Buildcon Construction 17.48 5.69 0.00 3.45
equal Kajaria Ceramics Construction 31.00 3.39 0.00 3.39
up Bharti Airtel Communication -- 3.36 0.00 3.36
equal Kalpataru Power Trans Construction 11.50 4.30 1.12 3.24
equal HG Infra Engineering Construction 10.80 3.30 0.00 3.12
equal KNR Constructions Construction 13.71 3.88 1.53 3.10
down Timken India Engineering 32.74 3.41 0.00 2.94
equal Astral Poly Technik Chemicals 69.44 3.10 0.00 2.69
equal Gujarat Gas Chemicals 18.47 2.56 0.00 2.56
equal Tube Investments Of India Automobile 31.07 2.51 0.00 2.51
equal PNC Infratech Services 8.47 2.64 0.00 2.32
equal PI Industries Chemicals 45.17 2.18 0.00 2.18
equal Orient Electric Engineering 69.83 2.06 0.00 2.06
equal Divi's Laboratories Healthcare 45.12 2.05 0.00 2.05
equal Ahluwalia Contracts Construction 25.87 2.77 0.00 1.95
equal Ircon International Construction 10.51 1.88 0.00 1.88
equal Brigade Enterprises Construction 24.83 1.69 0.00 1.69
equal AIA Engineering Metals 28.63 3.24 0.95 1.66
equal APL Apollo Tubes Metals 20.48 3.40 1.24 1.61
down Aarti Industries Chemicals 31.96 3.79 1.21 1.61
new Dhanuka Agritech Chemicals 19.38 1.56 0.00 1.56

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-Jan-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:


0.00

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 16.1900

Dividend Quarterly: ₹ 10.5100

Dividend: ₹ 10.5600


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: 4.96%
Benchmark: S&P BSE India Infrastructure TRI (50), S&P BSE India Manufacturing TRI (50)
Riskometer: High
Type: Open-ended
Assets: ₹ 43 Cr (As on 31-Jan-2020)
Expense: 2.53% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 89.00%

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: 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

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