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BOI AXA Short Term Income Fund - Direct Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate 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 3.30 -0.02 0.01 0.32 0.52 1.43 3.58 -3.41 0.52 3.30 --
CCIL T Bill Liquidity Weight 1.88 0.01 0.04 0.17 0.44 1.07 2.04 3.20 3.53 3.98 --
Debt: Short Duration 4.67 -0.01 0.05 0.45 1.51 2.97 4.95 7.02 6.73 7.59 --
Rank within category 24 25 25 27 27 27 23 25 23 23 --
Number of funds in category 26 28 28 28 28 27 26 25 23 23 0

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 Short Term Income Fund - Direct Plan  | Invest Online
1 star
Jan-13 3.58 -3.41 0.52 0.82% 30
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.98 9.04 8.01 0.37% 20,495
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.71 8.69 7.92 0.24% 18,982
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.35 8.65 7.77 0.34% 18,707
Axis Short Term Fund - Direct Plan
4 star
Jan-13 4.38 8.63 7.81 0.30% 12,809

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.29 11-Feb-2020 - 18-Feb-2020 -9.39 23-Apr-2020 - 30-Apr-2020
Month 3.26 05-Feb-2020 - 06-Mar-2020 -11.23 03-Jun-2019 - 03-Jul-2019
Quarter 4.94 11-Dec-2019 - 11-Mar-2020 -17.19 06-Jun-2019 - 05-Sep-2019
Year 11.86 24-Nov-2015 - 24-Nov-2016 -19.51 30-Apr-2019 - 29-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -2.85 10.15 -0.65 -1.13 -7.21 -11.04
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Short Duration 6.96 3.54 1.67 3.05 0.60 3.54
Rank within category 25 25 25 25 1 25
Number of funds in category 25 25 25 25 25 25

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 12 12 8 67
Modified Duration (yrs) 1.00 2.71 0.99 --
Average Maturity (yrs) 1.24 3.55 1.20 --
Yield to Maturity (%) 4.04 4.22 3.75 --
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 5.63% GOI 2026 GOI Securities SOV 0.00 - 16.75 16.75
equal 8.02% Bharat Petroleum Corporation 2024 Debenture AAA 8.43 - 10.40 8.81
equal 8.35% REC 13/03/2022 Debenture AAA 8.25 - 10.22 8.48
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 8.14 - 10.08 8.40
equal 4.58% SIDBI 18/12/2023 Debenture AAA 7.97 - 9.83 8.32
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 7.11 6.77
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 7.12 6.77
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 6.89 6.63
equal 7.70% National Bank Agr. Rur. Devp 20-D 13/06/2022 Non Convertible Debenture AAA 0.00 - 5.38 5.12
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 3.60 3.42
equal Reserve Bank of India 182-D 06/01/2022 Treasury Bills SOV 0.00 - 3.47 3.34
equal Sintex-BAPL 31/12/2021 Debenture D 0.00 - 0.00 0.00

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 30-Nov-2021

*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:


-0.02%

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

Growth: ₹ 18.6917

IDCW Quarterly: ₹ 8.6172

IDCW Monthly: ₹ 9.0913


Investment Strategy

The scheme seeks to generate reasonable returns by investing in debt and money market instruments. The scheme would not be investing more than 70% into securities having average maturity of more than 370 days.

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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 4.57%
Benchmark: CRISIL Short-Term Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 30 Cr (As on 30-Nov-2021)
Expense: 0.82% (As on 31-Oct-2021)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Apr-20190.0360

 25-Mar-20190.0504
 25-Feb-20190.0360
 25-Jan-20190.0360
 26-Dec-20180.0504
 26-Nov-20180.0360
 25-Oct-20180.0432
 25-Sep-20180.0495
 28-Aug-20180.0504
 25-Jul-20180.0288
 25-Jun-20180.0360
 25-May-20180.0216
 25-Apr-20180.0288
 26-Mar-20180.0289
 26-Feb-20180.0289
 25-Jan-20180.0325
 27-Dec-20170.0289
 27-Nov-20170.0217
 25-Oct-20170.0506
 26-Sep-20170.0650
 28-Aug-20170.0650
 25-Jul-20170.0650
 27-Jun-20170.0433
 25-May-20170.0506
 25-Apr-20170.0650
IDCW Quarterly25-Mar-20190.1080

 26-Dec-20180.1440
 25-Sep-20180.1080
 25-Jun-20180.1440
 26-Mar-20180.1444
 27-Dec-20170.1444
 26-Sep-20170.1444
 27-Jun-20170.1806
 27-Mar-20170.1806
 26-Dec-20160.1445
 27-Sep-20160.1445
 27-Jun-20160.1446
 28-Mar-20160.1446
 25-Jun-20130.1559
 25-Mar-20130.1630

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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