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3 star

BOI AXA Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable 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 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 3.05 0.01 0.06 0.34 0.75 1.68 3.28 5.59 6.46 7.27 --
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.43 1.06 1.96 3.22 3.54 3.99 --
Debt: Ultra Short Duration 3.69 0.01 0.07 0.35 0.96 2.10 3.97 5.81 6.02 6.78 --
Rank within category 24 25 22 18 25 25 24 14 5 3 --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 30-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BOI AXA Ultra Short Duration Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.28 5.59 6.46 0.44% 207
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.05 6.77 6.92 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.85 6.40 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.62 6.23 6.62 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.52 6.06 6.54 0.31% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.06 24-Mar-2020 - 31-Mar-2020 -0.63 17-Mar-2020 - 24-Mar-2020
Month 1.80 30-Aug-2013 - 01-Oct-2013 -0.44 25-Feb-2020 - 26-Mar-2020
Quarter 3.56 20-Aug-2013 - 19-Nov-2013 0.42 24-Dec-2019 - 24-Mar-2020
Year 10.99 20-Aug-2013 - 20-Aug-2014 3.27 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.60 0.70 2.47 6.41 1.39 2.58
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Ultra Short Duration 5.81 1.35 2.28 5.43 1.08 2.61
Rank within category 14 5 12 12 14 12
Number of funds in category 20 20 20 19 20 20

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

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 15 11 41
Modified Duration (yrs) 0.37 0.40 0.29 --
Average Maturity (yrs) 0.39 0.42 0.30 --
Yield to Maturity (%) 3.91 3.91 3.17 --
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
equal SIDBI 2022 Commercial Paper A1+ 0.00 - 11.82 11.82
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 11.28 11.28
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 10.64 10.64
equal AU Small Finance Bank 2022 Certificate of Deposit A1+ 0.00 - 10.49 10.49
equal 7.70% National Bank Agr. Rur. Devp 20-D 13/06/2022 Non Convertible Debenture AAA 0.00 - 10.38 10.38
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 10.28 10.28
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 8.59 8.59
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 7.24 7.24
equal 8.35% REC 13/03/2022 Debenture AAA 3.13 - 6.14 6.14
equal Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 1.38 1.38
equal Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 0.02 0.02

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

— 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:


0.01%

Change from previous, NAV as on 30-Nov-2021

Growth: ₹ 2,627.3347

IDCW Weekly: ₹ 1,006.9915

More

IDCW Daily: ₹ 1,011.9280

Bonus: ₹ 2,614.2232


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

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.76%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 207 Cr (As on 31-Oct-2021)
Expense: 0.44% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily29-Nov-20210.3543

 26-Nov-20210.1156
 25-Nov-20210.0203
 23-Nov-20210.0560
 22-Nov-20210.3692
 18-Nov-20210.1005
 17-Nov-20210.1065
 16-Nov-20210.1218
 15-Nov-20210.3350
 12-Nov-20210.0941
 11-Nov-20210.1284
 10-Nov-20210.0976
 09-Nov-20210.3304
 08-Nov-20210.7128
 03-Nov-20210.1201
 02-Nov-20210.1019
 01-Nov-20210.0543
 25-Oct-20210.1443
 22-Oct-20210.0920
 20-Oct-20210.0769
 18-Oct-20210.2810
 14-Oct-20210.0983
 13-Oct-20210.2123
 12-Oct-20210.2834
 11-Oct-20210.4487
IDCW Weekly22-Nov-20210.6947

 15-Nov-20210.9811
 08-Nov-20210.9301
 01-Nov-20210.0542
 25-Oct-20210.3120
 18-Oct-20210.8713
 11-Oct-20210.6813
 04-Oct-20210.5507
 27-Sep-20210.1686
 20-Sep-20210.5263
 13-Sep-20210.5666
 06-Sep-20210.7011
 30-Aug-20210.7835
 23-Aug-20210.6868
 17-Aug-20210.9809
 09-Aug-20210.5328
 02-Aug-20210.6686
 26-Jul-20210.7228
 19-Jul-20210.7824
 12-Jul-20210.8161
 05-Jul-20210.7065
 28-Jun-20210.5884
 21-Jun-20210.3424
 14-Jun-20210.8168
 07-Jun-20210.6577

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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