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BOI AXA Credit Risk Fund - Regular Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

"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

  • 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 9.16 0.01 0.02 0.09 0.60 2.90 9.36 -30.42 -18.35 -- --
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.45 1.05 1.96 3.23 3.54 -- --
Debt: Credit Risk 8.47 0.01 0.07 0.40 3.47 5.37 9.02 2.61 3.46 -- --
Rank within category 5 12 15 16 15 9 6 16 15 -- --
Number of funds in category 16 16 16 16 16 16 16 16 15 12 4

As on 29-Nov-2021

Peer Comparison

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  | Invest Online
1 star
Feb-15 9.36 -30.42 -18.35 1.51% 74
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 7.28 9.03 7.49 1.61% 8,757
ICICI Prudential Credit Risk Fund  | Invest Now
5 star
Dec-10 6.60 8.71 7.73 1.55% 8,304
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 5.19 7.28 6.74 1.55% 3,341
Aditya Birla Sun Life Credit Risk Fund - Regular Plan  | Invest Online
4 star
Apr-15 6.69 6.09 6.30 1.92% 1,441

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 14.90 01-Jul-2020 - 01-Jul-2021 -72.26 30-Apr-2019 - 29-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -24.21 39.72 -0.71 -0.32 -28.80 -45.71
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Credit Risk 3.16 7.16 0.59 0.72 -4.72 -3.60
Rank within category 16 16 16 15 1 16
Number of funds in category 16 16 16 16 16 16

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 10 12 9 29
Modified Duration (yrs) 0.68 0.71 0.46 --
Average Maturity (yrs) 0.69 0.75 0.57 --
Yield to Maturity (%) 2.55 6.02 2.40 --
Avg Credit Rating AA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Amanta Healthcare 31/03/2024 Debenture Unrated 1.87 - 18.75 20.47
new 8.35% Manappuram Finance 18/02/2022 Non Convertible Debenture AA 0.00 - 9.59 9.59
equal AU Small Finance Bank 2022 Certificate of Deposit A1+ 0.00 - 4.01 4.01
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 1.38 1.37
equal 14.00% Accelarating Education and Development 30/09/2023 Debenture D 1.02 - 1.08 1.02
equal 5.00% Accelarating Education and Development 30/09/2023 Debenture D 1.01 - 1.07 1.01
equal Kwality Ltd. 30/06/2022 Debenture D 0.00 - 0.00 0.00
equal Sintex-BAPL 31/12/2021 Debenture D 0.00 - 0.00 0.00
equal Sintex-BAPL 31/12/2022 Debenture D 0.00 - 0.00 0.00
equal Sintex-BAPL 31/12/2027 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-Oct-2021

Fund Manager

— 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:


0.01%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 4.3279


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 5,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 4% for redemption within 365 days
3% for redemption between 366 - 730 days
2% for redemption between 731 - 1095 days

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 27-Feb-2015
Return Since Launch: -11.74%
Benchmark: CRISIL Short-Term Bond Index
Riskometer: Very High
Type: Open-ended
Assets: ₹ 74 Cr (As on 31-Oct-2021)
Expense: 1.51% (As on 31-Oct-2021)
Risk Grade: High
Return Grade: Low

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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