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5 star

BOI AXA Tax Advantage Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.27 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.75 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for 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 ELSS, 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 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 24.23 1.35 1.97 10.04 16.82 40.42 26.81 8.37 14.33 17.09 --
S&P BSE 500 TRI 9.95 0.31 1.46 11.78 14.44 37.92 10.66 6.80 11.35 13.65 --
Equity: ELSS 9.45 0.54 1.42 10.97 13.73 34.82 10.16 5.37 10.58 15.20 --
Rank within category 2 1 6 29 4 5 2 7 2 8 --
Number of funds in category 38 38 38 38 38 38 38 34 30 29 1

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BOI AXA Tax Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 26.81 8.37 14.33 1.51 319
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 14.69 12.26 14.07 0.88 22,632
Aditya Birla Sun Life Tax Relief 96 - Direct Plan  | Invest Online
4 star
Jan-13 7.87 4.93 11.03 0.94 11,158
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.55 6.73 12.46 0.93 6,325
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 16.56 11.44 -- 0.36 4,463

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.03 (01-Apr-2020 - 09-Apr-2020) -17.33 (16-Mar-2020 - 23-Mar-2020)
Month 18.88 (23-Mar-2020 - 22-Apr-2020) -31.69 (20-Feb-2020 - 23-Mar-2020)
Quarter 27.95 (26-May-2020 - 25-Aug-2020) -25.61 (23-Dec-2019 - 23-Mar-2020)
Year 65.88 (26-Dec-2016 - 26-Dec-2017) -20.32 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.63 22.05 0.17 0.18 0.94 3.33
S&P BSE 500 TRI 5.31 21.56 0.02 0.02 -- --
Equity: ELSS 4.40 21.24 -0.02 -0.03 0.96 -0.89
Rank within category 5 27 5 5 12 5
Number of funds in category 34 34 34 34 34 34

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

As on 31-Oct-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 61
Top 10 Stocks (%) 38.81
Top 5 Stocks (%) 24.14
Top 3 Sectors (%) 57.69
Portfolio P/B Ratio 4.66
Portfolio P/E Ratio 31.80

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 63,684 99,352
Giant (%) 38.25 51.33
Large (%) 14.13 15.47
Mid (%) 38.12 24.79
Small (%) 9.49 8.39
Tiny (%) -- 0.16

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
up HDFC Bank Financial 26.83 6.50 1.97 6.27
equal Reliance Industries Energy 31.99 6.37 0.00 5.47
down PI Industries Chemicals 56.23 4.81 0.00 4.81
up Infosys Technology 26.25 4.05 0.00 4.05
equal Kotak Mahindra Bank Financial 41.59 4.57 0.00 3.54
equal Divi's Laboratories Healthcare 54.45 3.78 0.00 3.27
equal ICICI Bank Financial 23.43 6.84 0.00 3.18
equal Navin Fluorine International Chemicals 30.04 3.06 0.00 3.02
down Laurus Labs Healthcare 28.44 3.13 0.00 2.76
up SRF Diversified 29.80 2.68 0.00 2.44
equal Muthoot Finance Financial 13.42 3.29 0.00 2.29
equal HDFC Financial 25.13 3.03 0.00 2.26
up HCL Technologies Technology 18.30 2.21 0.00 2.21
up L&T Infotech Technology 33.36 2.18 0.00 2.18
up Asian Paints Chemicals 93.48 3.57 0.00 2.09
down Bajaj Finance Financial 65.81 6.99 0.00 1.96
equal Ipca Laboratories Healthcare 27.96 1.93 0.00 1.93
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 1.80
up Dixon Technologies Engineering 129.36 1.99 0.00 1.67
up Tata Consumer Products FMCG 79.42 1.77 0.00 1.59
equal Tube Investments Of India Automobile 88.57 1.56 0.00 1.56
equal Honeywell Automation Engineering 61.16 2.26 0.00 1.51
up Cholamandalam Invest. & Fin. Financial 24.61 2.94 0.00 1.51
equal Axis Bank Financial 51.92 5.36 0.00 1.40
equal Sequent Scientific Healthcare 48.77 1.56 0.00 1.39

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-2020

Fund Manager

— Aakash Manghani since 15-Jul-2019

Education: Mr. Manghani has done Bachelors in Engineering

Experience: Prior to joining BOI AXA Mutual Fund he has worked with Pioneer Investcorp Ltd., Girik Capital and Amdocs Ltd.

Funds Managed:


1.35%

Change from previous, NAV as on 27-Nov-2020

Growth: ₹ 75.6300

Dividend: ₹ 33.6600


Investment Strategy

The scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 15.93%
Benchmark: S&P BSE 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 319 Cr (As on 31-Oct-2020)
Expense: 1.51% (As on 31-Oct-2020)
Risk Grade: Above Average
Return Grade: High
Turnover: 166.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend28-Sep-20200.5183

 26-Aug-20200.3000
 26-Mar-20181.5000
 27-Dec-20172.0000
 25-Mar-20150.7700

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

Last Session

VR Helpline

Critical Investment Decisions

dateSaturday, 28-Nov-2020
time04:00 PM - 04:30 PM

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