1 Lakh
Investment declined to₹ 10000
Monthly SIP Declined toSuitability:
Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.22 | 0.02 | 0.04 | 0.37 | 1.11 | 6.01 | -44.75 | -32.77 | -18.09 | -- | -- |
CCIL T Bill Liquidity Weight | 0.06 | 0.01 | 0.04 | 0.13 | 0.48 | 1.09 | 3.02 | 3.79 | 4.01 | -- | -- |
Debt: Credit Risk | 0.20 | 0.02 | 0.02 | 0.44 | 1.77 | 4.24 | 0.45 | 1.31 | 3.78 | -- | -- |
Rank within category | 8 | 11 | 8 | 9 | 13 | 2 | 17 | 16 | 15 | -- | -- |
Number of funds in category | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 16 | 15 | 6 | 4 |
As on 21-Jan-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
BOI AXA Credit Risk Fund - Regular Plan | Feb-15 | -44.75 | -32.77 | -18.09 | 1.51 | 70 | |
ICICI Prudential Credit Risk Fund | Invest Now | Dec-10 | 9.44 | 8.58 | 8.40 | 1.65 | 6,735 | |
HDFC Credit Risk Debt Fund - Regular Plan | Invest Online | Mar-14 | 10.60 | 8.27 | 8.46 | 1.57 | 6,601 | |
SBI Credit Risk Fund | Invest Online | Jul-04 | 9.17 | 7.35 | 7.86 | 1.55 | 3,671 | |
Kotak Credit Risk Fund Regular Plan | Invest Online | May-10 | 6.19 | 7.18 | 7.69 | 1.73 | 1,845 |
Best (Period) | Worst (Period) | |
---|---|---|
Week | 3.50 (10-Feb-2020 - 17-Feb-2020) | -50.28 (22-Apr-2020 - 29-Apr-2020) |
Month | 4.70 (17-Jan-2020 - 18-Feb-2020) | -51.86 (30-Mar-2020 - 29-Apr-2020) |
Quarter | 6.27 (27-Dec-2019 - 27-Mar-2020) | -51.17 (17-Feb-2020 - 18-May-2020) |
Year | 12.28 (26-Feb-2016 - 27-Feb-2017) | -72.26 (30-Apr-2019 - 29-Apr-2020) |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | -27.76 | 39.61 | -0.82 | -0.39 | -26.87 | -58.99 |
CCIL T Bill Liquidity Weight | 3.78 | 0.34 | -2.89 | -5.80 | -- | -- |
Debt: Credit Risk | 1.66 | 6.60 | 0.06 | 0.23 | -3.35 | -6.40 |
Rank within category | 17 | 17 | 16 | 15 | 1 | 17 |
Number of funds in category | 17 | 17 | 17 | 17 | 17 | 17 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2020
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 10 | 16 | 10 | 27 |
Modified Duration (yrs) | 0.71 | 1.69 | 0.54 | 1.57 |
Average Maturity (yrs) | 0.75 | 2.33 | 0.68 | 1.82 |
Yield to Maturity (%) | 5.76 | 9.87 | 5.01 | 7.39 |
Avg Credit Rating | AA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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Amanta Healthcare 31/03/2024 | Debenture | Unrated | 1.85 - 27.97 | 20.34 |
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Axis Bank 24/11/2021 | Certificate of Deposit | A1+ | 0.00 - 7.65 | 7.65 |
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HDFC 317-D 10/03/2021 | Commercial Paper | A1+ | 0.00 - 7.14 | 7.14 |
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Dinram Holdings 2022 | Debenture | Unrated | 1.69 - 2.43 | 2.43 |
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14.00% Accelarating Education and Development 30/09/2023 | Debenture | D | 1.08 - 2.25 | 1.08 |
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5.00% Accelarating Education and Development 30/09/2023 | Debenture | D | 1.07 - 2.20 | 1.07 |
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Sintex-BAPL 31/12/2021 | Debenture | D | 0.00 - 0.00 | 0.00 |
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Sintex-BAPL 31/12/2022 | Debenture | D | 0.00 - 0.00 | 0.00 |
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Kwality Ltd. 30/06/2022 | Debenture | D | 0.00 - 0.00 | 0.00 |
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Sintex-BAPL 31/12/2027 | Debenture | D | 0.00 - 0.00 | 0.00 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2020
— Alok Singh since 06-Feb-2015
Education: Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience: Prior to joining BOI AXA AMC he has worked with BNP Paribas Asset Management and Axis Bank
Funds Managed:
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The Scheme will invest predominantly in corporate debt securities. There will be no exposure in the portfolio to dated Government Securities and State Development Loans.
Minimum Investment (₹) | 5,000 |
Minimum Addl Investment (₹) | 5,000 |
Minimum SIP Investment (₹) | -- |
Minimum No of Cheques | -- |
Minimum Withdrawal (₹) | 5,000 |
Minimum Balance (₹) | -- |
Exit Load | 4% for redemption within 365 days 3% for redemption between 366 - 730 days 2% for redemption between 731 - 1095 days |
Fund House: | BOI AXA Mutual Fund |
Launch Date: | 27-Feb-2015 |
Return Since Launch: | -14.58% |
Benchmark: | CRISIL Short-Term Bond TRI |
Riskometer: | Very High |
Type: | Open-ended |
Assets: | ₹ 70 Cr (As on 31-Dec-2020) |
Expense: | 1.51% (As on 31-Dec-2020) |
Risk Grade: | High |
Return Grade: | Low |
Fund News - 27-Feb-2018
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