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4 star

BOI AXA Tax Advantage Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 2.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.96 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 37.85 1.14 0.45 -2.05 -1.10 15.03 44.62 29.71 23.03 16.71 --
S&P BSE 500 TRI 30.16 1.48 1.22 -3.57 0.38 10.51 35.51 19.89 17.82 12.89 --
Equity: ELSS 31.37 1.47 0.96 -3.23 0.61 11.85 36.77 20.10 17.29 13.17 --
Rank within category 3 37 35 7 33 7 3 2 3 2 --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 07-Dec-2021

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
4 star
Jan-13 44.62 29.71 23.03 1.54% 519
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 32.84 21.92 20.41 0.74% 34,235
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 40.68 25.86 23.56 0.43% 10,146
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 40.42 23.33 18.47 0.81% 9,805
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 49.74 22.99 20.79 0.74% 3,518

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 93.51 23-Mar-2020 - 23-Mar-2021 -20.32 29-Jan-2018 - 29-Jan-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 27.57 20.10 1.18 1.25 0.86 9.98
S&P BSE 500 TRI 19.76 21.92 0.73 0.84 -- --
Equity: ELSS 19.84 21.49 0.75 0.81 0.95 0.85
Rank within category 2 7 2 2 4 2
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

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Top 10 Stocks (%) 35.61
Top 5 Stocks (%) 22.83
Top 3 Sectors (%) 55.22
Portfolio P/B Ratio 6.68
Portfolio P/E Ratio 42.22

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 78,201 1,36,970
Giant (%) 32.88 53.06
Large (%) 18.77 14.68
Mid (%) 40.76 25.08
Small (%) 7.59 7.34
Tiny (%) -- 0.21

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 ICICI Bank Financial 24.03 6.84 1.83 6.22
up HDFC Bank Financial 24.70 7.08 4.25 5.24
up Bajaj Finance Financial 86.22 6.99 1.40 4.09
down Infosys Technology 34.47 4.68 0.00 3.71
down Divi's Laboratories Healthcare 57.47 3.83 1.60 3.57
down PI Industries Chemicals 55.70 4.81 0.76 2.77
up Reliance Industries Energy 30.82 6.37 0.98 2.57
up Kotak Mahindra Bank Financial 38.49 4.57 1.43 2.53
down Mphasis Technology 43.23 2.50 0.00 2.48
up Cholamandalam Investment & Finance Company Financial 28.91 2.99 0.30 2.43
down Coforge Technology 61.04 2.97 0.00 2.27
up SRF Diversified 41.71 2.78 0.00 2.04
down Deepak Nitrite Chemicals 29.31 2.65 0.00 1.90
equal Astral Chemicals 86.39 1.97 0.00 1.80
up Dixon Technologies Engineering 165.58 1.78 0.00 1.75
down JB Chemicals & Pharma Healthcare 26.17 2.17 0.00 1.75
down Navin Fluorine International Chemicals 75.64 3.06 0.00 1.73
equal Tata Consumer Products FMCG 96.63 1.87 0.00 1.73
up APL Apollo Tubes Metals 43.19 1.68 0.00 1.68
up Jubilant FoodWorks Services 119.36 1.89 0.00 1.66
down L&T Infotech Technology 54.43 2.18 0.00 1.65
down Prince Pipes & Fittings Chemicals 31.68 2.06 0.00 1.57
equal Tube Investments Of India Automobile 58.92 1.99 0.00 1.50
up Radico Khaitan FMCG 49.45 1.49 0.00 1.49
up HDFC Financial 24.48 3.03 0.00 1.49

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

— 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:


1.14%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 111.3000

IDCW: ₹ 44.4600


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 (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 19.01%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 519 Cr (As on 31-Oct-2021)
Expense: 1.54% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: High
Turnover: 74.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW29-Jul-20210.9000

 30-Jun-20212.0000
 02-Feb-20211.4410
 28-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

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