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BOI AXA Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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.

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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 0.37 0.02 0.11 0.47 1.45 3.44 7.58 7.79 8.35 8.70 --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 --
Debt: Ultra Short Duration 0.27 0.02 0.13 0.38 1.33 3.38 7.02 6.66 7.47 8.29 --
Rank within category 23 23 26 23 21 15 15 2 3 4 --
Number of funds in category 28 28 28 28 27 26 24 17 17 15 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.79 (29-Aug-2013 - 05-Sep-2013) -0.52 (09-Jul-2013 - 16-Jul-2013)
Month 1.80 (30-Aug-2013 - 01-Oct-2013) -0.15 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.56 (20-Aug-2013 - 19-Nov-2013) 0.96 (21-May-2013 - 20-Aug-2013)
Year 10.99 (20-Aug-2013 - 20-Aug-2014) 7.04 (26-Sep-2017 - 26-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.63 0.45 4.21 7.89 1.13 3.77
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Ultra Short Duration 6.73 1.54 2.18 4.45 1.44 3.37
Rank within category 5 4 2 3 8 10
Number of funds in category 19 19 19 19 19 19

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 13 16 10 40
Modified Duration (yrs) 0.03 0.04 0.03 0.36
Average Maturity (yrs) 0.44 0.50 0.39 0.44
Yield to Maturity (%) 5.73 9.19 5.59 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.49% Avendus Finance 31/01/2020 Debenture A+ 7.47 - 10.32 8.87
equal 6.72% NTPC 24/11/2021 Bonds AAA 0.00 - 8.60 8.60
equal 9.34% M&M Financial Services 17/03/2020 Bonds/Debentures AAA 0.00 - 8.59 8.59
equal 7.65% National Housing Bank 25/03/2022 Debenture AAA 0.00 - 8.57 8.57
equal HDFC 362-D 02/03/2020 Commercial Paper A1+ 0.00 - 8.46 8.46
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 8.45 8.45
equal Export-Import Bank 25/03/2020 Certificate of Deposit A1+ 0.00 - 8.43 8.43
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 8.34 8.34
equal Axis Bank 28/10/2020 Certificate of Deposit A1+ 0.00 - 8.12 8.12
equal National Bank Agr. Rur. Devp 18/03/2020 Commercial Paper A1+ 0.00 - 7.09 7.09
equal REC 274-D 07/02/2020 Commercial Paper A1+ 0.00 - 6.79 6.79
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 1.75 1.75
equal Power Finance Corp. 18/03/2023 Bonds AAA 0.00 - 1.72 1.72

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

— Amit Modani since 05-Dec-2018

Education: Mr. Modani is Chartered Accountant

Experience: Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.

Funds Managed:


0.02%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 2,432.5640

Dividend Weekly: ₹ 1,008.0060

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Dividend Daily: ₹ 1,011.9280

Bonus: ₹ 2,420.2783


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 50% into instruments having maturity less than or equal to 1 year and rest having maturity more than 1 year with low /medium risk appetite.

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: 8.70%
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 293 Cr (As on 31-Dec-2019)
Expense: 0.33% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Jan-20200.1402

 23-Jan-20200.1221
 22-Jan-20200.1041
 21-Jan-20200.1000
 20-Jan-20200.3048
 17-Jan-20200.0954
 16-Jan-20200.1100
 15-Jan-20200.1135
 14-Jan-20200.0198
 13-Jan-20200.3042
 10-Jan-20200.0477
 09-Jan-20200.1073
 08-Jan-20200.1296
 07-Jan-20200.1225
 06-Jan-20200.2997
 03-Jan-20200.2124
 02-Jan-20200.1846
 01-Jan-20200.1917
 31-Dec-20190.0782
 30-Dec-20190.3364
 27-Dec-20190.2074
 26-Dec-20190.1083
 24-Dec-20190.0888
 23-Dec-20190.2839
 20-Dec-20190.0644
Dividend Weekly17-Jan-20200.6669

 10-Jan-20200.7318
 03-Jan-20201.0257
 27-Dec-20190.7134
 20-Dec-20190.7667
 13-Dec-20190.7856
 06-Dec-20190.3536
 29-Nov-20190.9872
 22-Nov-20190.9406
 15-Nov-20191.0804
 08-Nov-20190.5021
 01-Nov-20191.3151
 25-Oct-20190.9417
 18-Oct-20191.1159
 11-Oct-20191.1857
 04-Oct-20191.6073
 27-Sep-20190.8840
 20-Sep-20190.2844
 13-Sep-20190.9541
 06-Sep-20191.0571
 30-Aug-20191.1927
 23-Aug-20191.0984
 16-Aug-20190.6502
 09-Aug-20191.6095
 02-Aug-20191.7816

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

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