VR Logo

BOI AXA Short Term Income Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.87 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.13 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame 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, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.40 0.01 0.14 0.86 2.40 -4.81 -12.85 -0.23 3.90 5.46 --
Debt: Short Duration 0.21 0.02 -0.06 0.61 1.47 3.08 5.22 6.00 7.22 7.90 --
Rank within category 13 28 3 7 2 29 28 26 25 23 --
Number of funds in category 29 29 29 29 29 29 28 26 26 24 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 2.08 (20-Aug-2013 - 19-Sep-2013) -11.23 (03-Jun-2019 - 03-Jul-2019)
Quarter 3.78 (25-Aug-2016 - 24-Nov-2016) -17.19 (06-Jun-2019 - 05-Sep-2019)
Year 11.86 (24-Nov-2015 - 24-Nov-2016) -13.51 (20-Aug-2018 - 20-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 0.23 8.35 -0.66 -0.28 -0.25 -5.90
Debt: Short Duration 6.13 3.00 0.63 1.30 3.48 6.13
Rank within category 27 27 26 26 1 27
Number of funds in category 27 27 27 27 27 27

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 17 9 57
Modified Duration (yrs) 1.64 2.53 1.33 2.04
Average Maturity (yrs) 2.22 3.25 1.82 2.49
Yield to Maturity (%) 7.11 10.44 6.35 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.40% IRFC 2029 Debenture AAA 0.00 - 12.40 12.40
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 12.13 12.13
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 12.04 12.04
equal HDFC 362-D 02/03/2020 Commercial Paper A1+ 0.00 - 11.67 11.67
equal 9.49% Avendus Finance 31/01/2020 Debenture A+ 2.42 - 9.42 9.42
equal 8.58% Aadhar Housing Finance 23/06/2020 Structured Obligation AA 0.00 - 18.89 9.34
equal 8.64% IDFC First Bank 15/04/2020 Debenture AA 0.00 - 7.06 7.06
equal Sintex-BAPL 31/12/2021 Debenture D 0.00 - 0.00 0.00
equal Sintex-BAPL 31/12/2020 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 31-Dec-2019

Fund Manager

— Nitish Gupta since 05-Dec-2018

Education: Mr. Gupta is a BE and MBA.

Experience: Prior to joining BOI AXA Mutual Fund he has worked with PGIM India Mutual Fund as a Fund Manager.

Funds Managed:


0.01%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 18.2602

Dividend Monthly: ₹ 8.8832


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 (₹) --
Exit Load 0

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 5.48%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 42 Cr (As on 31-Dec-2019)
Expense: 0.55% (As on 31-Dec-2019)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend 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
Dividend 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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM