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2 star

BOI AXA Liquid Fund - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid 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 2.64 0.02 0.06 0.32 1.16 2.51 5.38 6.63 7.00 7.64 --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 --
Debt: Liquid 2.55 0.01 0.06 0.31 1.05 2.42 5.34 6.48 6.83 7.51 --
Rank within category 21 2 13 16 11 21 25 21 19 14 --
Number of funds in category 39 39 39 39 39 39 39 35 34 33 1

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BOI AXA Liquid Fund - Direct Plan  | Invest Online
2 star
Jan-13 5.38 6.63 7.00 0.12 396
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.69 6.76 7.09 0.21 43,090
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.65 6.76 7.08 0.18 31,728
Axis Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.60 6.72 7.05 0.15 27,032
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.66 6.73 7.05 0.21 19,378

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.47 (24-Mar-2020 - 31-Mar-2020) -0.16 (17-Mar-2020 - 24-Mar-2020)
Month 0.97 (08-Aug-2013 - 09-Sep-2013) 0.14 (23-Feb-2020 - 24-Mar-2020)
Quarter 2.74 (24-Jul-2013 - 23-Oct-2013) 0.97 (24-Dec-2019 - 24-Mar-2020)
Year 9.92 (26-Jul-2013 - 27-Jul-2014) 5.41 (04-Jul-2019 - 03-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.48 0.30 3.93 5.17 0.48 1.76
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Liquid 6.33 0.50 3.67 4.95 0.58 1.73
Rank within category 21 24 20 21 20 21
Number of funds in category 35 35 35 35 35 35

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 15 18 13 57
Modified Duration (yrs) 0.01 0.01 0.01 --
Average Maturity (yrs) 0.13 0.16 0.07 --
Yield to Maturity (%) 3.72 6.41 3.72 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 17.57 17.57
new Reserve Bank of India 91-D 07/08/2020 Treasury Bills SOV 0.00 - 10.05 10.05
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 6.79 6.32
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 6.80 6.32
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 6.80 6.32
equal Reserve Bank of India 84-D Treasury Bills SOV 0.00 - 13.57 6.31
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 6.79 6.31
equal Axis Bank 23/06/2020 Certificate of Deposit A1+ 0.00 - 6.78 6.31
equal Blue Star 83-D 29/06/2020 Commercial Paper A1+ 0.00 - 6.29 6.29
equal Tata Capital Financial Services 91-D 22/07/2020 Commercial Paper A1+ 0.00 - 6.28 6.28
equal Reliance Jio Infocomm 91-D 24/07/2020 Commercial Paper A1+ 0.00 - 6.28 6.28
new Reserve Bank of India 91-D 13/08/2020 Treasury Bills SOV 0.00 - 6.28 6.28
new ICICI Securities 59-D 17/07/2020 Commercial Paper A1+ 0.00 - 6.28 6.28
new Reliance Industries 91-D 18/08/2020 Commercial Paper A1+ 0.00 - 6.27 6.27
new Bajaj Finance 91-D 17/08/2020 Commercial Paper A1+ 0.00 - 6.26 6.26

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

— Amit Modani since 22-Oct-2018

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:


0.02%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 2,313.6651

Dividend Weekly: ₹ 1,061.8892

Dividend Daily: ₹ 1,002.6483


Investment Strategy

The fund aims to generate reasonable market related returns by investing in Money Market instruments. Also seeks to provide high liquidity to investors. The scheme would be investing more than 80% into securities having average maturity less than or equal to 6 months with low risk profile.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.72%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 396 Cr (As on 31-May-2020)
Expense: 0.12% (As on 31-May-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.1510

 08-Jul-20200.0913
 07-Jul-20200.0763
 06-Jul-20200.0676
 05-Jul-20200.0847
 04-Jul-20200.0851
 03-Jul-20200.0316
 02-Jul-20200.0721
 01-Jul-20200.1513
 30-Jun-20200.1637
 29-Jun-20200.0715
 28-Jun-20200.0885
 27-Jun-20200.0880
 26-Jun-20200.0730
 25-Jun-20200.1252
 24-Jun-20200.1553
 23-Jun-20200.1056
 22-Jun-20200.0998
 21-Jun-20200.0915
 20-Jun-20200.0915
 19-Jun-20200.1264
 18-Jun-20200.1172
 17-Jun-20200.1226
 16-Jun-20200.0950
 15-Jun-20200.1307
Dividend Weekly06-Jul-20200.7074

 29-Jun-20200.7491
 22-Jun-20200.7882
 15-Jun-20200.9011
 08-Jun-20200.5928
 01-Jun-20200.4346
 26-May-20201.4584
 18-May-20201.1605
 11-May-20201.1703
 04-May-20200.5884
 27-Apr-20201.3545
 20-Apr-20201.3562
 13-Apr-20200.8300
 07-Apr-20201.5788
 30-Mar-20202.0512
 16-Mar-20200.5550
 09-Mar-20200.8993
 02-Mar-20200.6812
 24-Feb-20200.7245
 17-Feb-20200.7451
 10-Feb-20200.7400
 03-Feb-20200.7210
 27-Jan-20200.7176
 20-Jan-20200.7201
 13-Jan-20200.6207

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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