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BOI AXA Large & Mid Cap Equity Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.24 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.79 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. But be prepared for ups and downs in your investment value along the way.

This fund invests in a combination of large and medium-sized companies, thereby providing some degree of flexibility to the fund management team to invest in companies of different sizes, depending upon where it expects maximum gains. We believe this flexibility is good for fund investors but we suggest one should also consider multi cap funds which offer complete freedom to fund managers to choose companies of different sizes.

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 large and mid cap 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 -0.39 -3.05 -6.20 -3.15 0.50 11.75 15.23 7.39 5.35 12.03 --
S&P BSE Large Mid Cap TRI -7.32 -3.69 -7.39 -6.47 -6.77 2.12 4.11 8.08 6.27 12.01 --
Equity: Large & MidCap -2.19 -3.01 -6.18 -4.47 -1.68 8.47 10.55 8.26 8.06 15.66 --
Rank within category 7 18 16 5 6 4 3 13 16 17 --
Number of funds in category 26 27 27 27 25 24 23 20 20 18 0

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.40 (03-Sep-2013 - 10-Sep-2013) -8.07 (30-Jan-2018 - 06-Feb-2018)
Month 15.55 (07-May-2014 - 06-Jun-2014) -18.75 (07-Sep-2018 - 09-Oct-2018)
Quarter 21.36 (07-Apr-2014 - 07-Jul-2014) -19.32 (27-Jul-2018 - 26-Oct-2018)
Year 63.68 (03-Sep-2013 - 03-Sep-2014) -21.30 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.56 16.04 0.30 0.33 1.16 -2.96
S&P BSE Large Mid Cap TRI 12.20 12.43 0.53 0.83 -- --
Equity: Large & MidCap 11.65 13.41 0.45 0.65 0.99 -0.71
Rank within category 15 22 16 19 22 16
Number of funds in category 22 22 22 22 22 22

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 54
Top 10 Stocks (%) 35.33
Top 5 Stocks (%) 19.74
Top 3 Sectors (%) 52.04
Portfolio P/B Ratio 4.68
Portfolio P/E Ratio 30.80

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 66,500 63,337
Giant (%) 38.45 39.65
Large (%) 17.28 11.09
Mid (%) 41.77 45.97
Small (%) 2.50 6.52
Tiny (%) -- 0.19

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
down Bajaj Finance Financial 49.25 4.84 0.00 4.56
down HDFC Bank Financial 24.57 5.23 2.32 3.89
equal Kotak Mahindra Bank Financial 35.49 4.13 0.00 3.82
down HDFC Financial 17.28 4.24 0.00 3.79
down ICICI Bank Financial 33.85 6.48 0.00 3.68
down Reliance Industries Energy 19.42 5.07 0.00 3.57
up Bharti Airtel Communication -- 3.26 0.00 3.26
equal PI Industries Chemicals 44.71 3.21 0.00 3.18
equal Honeywell Automation Engineering 63.07 3.36 0.00 2.95
equal Hindustan Unilever FMCG 69.20 3.01 0.00 2.63
up Dr. Lal Pathlabs Healthcare 56.40 2.57 0.00 2.57
up City Union Bank Financial 21.22 2.91 0.00 2.39
equal AU Small Finance Bank Financial 52.68 2.35 0.00 2.29
up SBI Life Insurance Company Financial 65.93 2.14 0.00 2.14
down ICICI Prudential Life Insurance Co. Ltd. Financial 58.80 2.44 0.00 2.14
equal Cholamandalam Invest. & Fin. Financial 18.96 2.94 0.00 2.11
equal Relaxo Footwears FMCG 75.50 2.10 0.00 1.98
equal Glaxosmithkline Pharma Healthcare 280.23 1.98 0.00 1.97
down HDFC Life Insurance Financial 81.32 2.41 0.00 1.87
equal SRF Diversified 21.94 2.45 0.00 1.83
equal L&T Technology Services Engineering 21.11 2.15 0.00 1.79
down SKF India Engineering 31.17 3.48 0.00 1.78
equal MindTree Technology 25.17 1.72 0.00 1.72
equal Indraprastha Gas Energy 26.10 1.67 0.00 1.67
equal Vinati Organics Chemicals 28.04 3.01 0.00 1.58

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:


-3.05%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 38.4300

Dividend Quarterly: ₹ 11.5200

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Dividend: ₹ 12.0500

Bonus: ₹ 19.8600


Investment Strategy

The scheme aims at income and long-term capital appreciation by investing through a diversified portfolio of predominantly large cap and mid cap equity and equity-related securities including equity derivatives.

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: 01-Jan-2013
Return Since Launch: 10.72%
Benchmark: S&P BSE 250 Large MidCap TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 186 Cr (As on 31-Jan-2020)
Expense: 1.60% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 118.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-Mar-20190.8854

 26-Dec-20181.7708
 26-Mar-20181.0000
 27-Mar-20171.0000
 28-Mar-20161.0000
 18-Dec-20145.0000
 25-Mar-20140.5000
Dividend Quarterly25-Mar-20190.1771

 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-Mar-20170.1500
 26-Dec-20160.1919
 27-Sep-20160.2000
 27-Jun-20160.1000
 28-Mar-20160.2000
 28-Dec-20150.3000
 25-Mar-20156.4000

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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