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3 star

BOI AXA Liquid Fund - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a 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 funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 3.03 0.01 0.07 0.32 0.84 1.68 3.28 4.78 5.70 6.40 --
CCIL T Bill Liquidity Weight 1.86 0.01 0.06 0.21 0.45 1.08 2.02 3.22 3.54 3.99 --
Debt: Liquid 3.05 0.01 0.07 0.30 0.82 1.68 3.31 4.83 5.63 6.33 --
Rank within category 26 6 5 5 3 27 26 26 22 19 --
Number of funds in category 38 39 39 39 39 39 38 35 34 33 1

As on 01-Dec-2021

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
3 star
Jan-13 3.28 4.78 5.70 0.15% 458
ICICI Prudential Liquid Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.30 4.91 5.74 0.20% 35,561
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.33 4.95 5.80 0.21% 29,710
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.33 4.94 5.79 0.18% 20,961
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.29 4.92 5.77 0.22% 8,688

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 0.74 21-Oct-2020 - 20-Jan-2021
Year 9.92 26-Jul-2013 - 27-Jul-2014 3.21 09-Jul-2020 - 09-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.69 0.47 1.92 7.73 1.00 1.51
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Liquid 4.73 0.47 2.01 11.93 0.99 1.55
Rank within category 26 12 27 30 14 25
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 14 6 35
Modified Duration (yrs) 0.08 0.11 0.05 --
Average Maturity (yrs) 0.09 0.11 0.05 --
Yield to Maturity (%) 3.41 3.44 2.89 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.77% Can Fin Homes 15/11/2021 Debenture AA+ 0.00 - 5.47 5.47
new Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 5.46 5.46
new Blue Star 31-D 22/11/2021 Commercial Paper A1+ 0.00 - 5.45 5.45
new SAIL 27-D 24/11/2021 Commercial Paper A1+ 0.00 - 5.45 5.45
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 8.31 5.45
equal Godrej Agrovet 91-D 17/12/2021 Commercial Paper A1+ 0.00 - 8.29 5.44
equal Reliance Industries 91-D 09/12/2021 Commercial Paper A1+ 0.00 - 8.30 5.44
new Berger Paints India 62-D 29/12/2021 Commercial Paper A1+ 0.00 - 5.43 5.43
new Reserve Bank of India 364-D 30/12/2021 Treasury Bills SOV 0.00 - 5.43 5.43
new Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 5.43 5.43
new Reliance Jio Infocomm 91-D 13/01/2022 Commercial Paper A1+ 0.00 - 5.42 5.42
new Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 5.41 5.41
new 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.00 - 4.40 4.40
new 6.22% HDFC 2021 Debenture AAA 0.00 - 3.29 3.29

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-Oct-2021

Fund Manager

— Mithraem Bharucha since 17-Aug-2021

Education: Mr. Bharucha is a BMS and MBA

Experience: Prior to joining BOI AXA Investment Managers Private Limited, he has worked with YES Asset Management (India) Limited and BNP Paribas Asset Management India Pvt. Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 01-Dec-2021

Growth: ₹ 2,419.9127

IDCW Weekly: ₹ 1,061.7718

IDCW 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 (₹) --
Lock-in Period Not Applicable
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: 7.01%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 458 Cr (As on 31-Oct-2021)
Expense: 0.15% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Dec-20210.0965

 30-Nov-20210.1112
 29-Nov-20210.0965
 28-Nov-20210.0935
 27-Nov-20210.0938
 26-Nov-20210.1007
 25-Nov-20210.0977
 24-Nov-20210.1141
 23-Nov-20210.1014
 22-Nov-20210.0796
 21-Nov-20210.0994
 20-Nov-20210.0993
 19-Nov-20210.0996
 18-Nov-20210.0945
 17-Nov-20210.0943
 16-Nov-20210.0989
 15-Nov-20210.0997
 14-Nov-20210.0949
 13-Nov-20210.0949
 12-Nov-20210.1115
 11-Nov-20210.0986
 10-Nov-20210.1049
 09-Nov-20210.1238
 08-Nov-20210.1666
 07-Nov-20210.1095
IDCW Weekly29-Nov-20210.7391

 22-Nov-20210.7050
 15-Nov-20210.7715
 08-Nov-20210.8928
 01-Nov-20210.6324
 25-Oct-20210.5554
 18-Oct-20210.5928
 11-Oct-20210.7961
 04-Oct-20210.6413
 27-Sep-20210.6239
 20-Sep-20210.6180
 13-Sep-20210.6197
 06-Sep-20210.6258
 30-Aug-20210.6642
 23-Aug-20210.6875
 16-Aug-20210.7051
 09-Aug-20210.6427
 02-Aug-20210.6821
 26-Jul-20210.6753
 19-Jul-20210.6722
 12-Jul-20210.6422
 05-Jul-20210.6455
 28-Jun-20210.6912
 21-Jun-20210.6622
 14-Jun-20210.6574

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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