VR Logo

Unrated

BOI AXA Liquid - Unclaimed


Debt: Liquid

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid 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 -- -- -- -- -- -- -- -- -- -- --

As on

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BOI AXA Liquid - Unclaimed  | Invest Online
Unrated
Oct-17 -- -- -- -- 396
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 5.53 6.61 6.95 0.32 57,566
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
Mar-04 5.59 6.67 7.00 0.30 43,090
Nippon India Liquid Fund  | Invest Online
5 star
Dec-03 5.55 6.67 6.99 0.27 31,728
Axis Liquid Fund  | Invest Online
4 star
Oct-09 5.54 6.66 6.99 0.22 27,032

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.46 (24-Mar-2020 - 31-Mar-2020) -0.17 (17-Mar-2020 - 24-Mar-2020)
Month 0.82 (25-Mar-2020 - 24-Apr-2020) 0.11 (23-Feb-2020 - 24-Mar-2020)
Quarter 1.77 (26-Mar-2018 - 25-Jun-2018) 0.87 (24-Dec-2019 - 24-Mar-2020)
Year 7.11 (27-Feb-2018 - 27-Feb-2019) 4.98 (04-Jul-2019 - 03-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --

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

As on

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 18 13 57
Modified Duration (yrs) 0.01 0.01 0.01 --
Average Maturity (yrs) 0.13 0.16 0.07 --
Yield to Maturity (%) 3.72 6.41 3.72 --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 17.57 17.57
new Reserve Bank of India 91-D 07/08/2020 Treasury Bills SOV 0.00 - 10.05 10.05
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 6.79 6.32
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 6.80 6.32
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 6.80 6.32
equal Reserve Bank of India 84-D Treasury Bills SOV 0.00 - 13.57 6.31
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 6.79 6.31
equal Axis Bank 23/06/2020 Certificate of Deposit A1+ 0.00 - 6.78 6.31
equal Blue Star 83-D 29/06/2020 Commercial Paper A1+ 0.00 - 6.29 6.29
equal Tata Capital Financial Services 91-D 22/07/2020 Commercial Paper A1+ 0.00 - 6.28 6.28
equal Reliance Jio Infocomm 91-D 24/07/2020 Commercial Paper A1+ 0.00 - 6.28 6.28
new Reserve Bank of India 91-D 13/08/2020 Treasury Bills SOV 0.00 - 6.28 6.28
new ICICI Securities 59-D 17/07/2020 Commercial Paper A1+ 0.00 - 6.28 6.28
new Reliance Industries 91-D 18/08/2020 Commercial Paper A1+ 0.00 - 6.27 6.27
new Bajaj Finance 91-D 17/08/2020 Commercial Paper A1+ 0.00 - 6.26 6.26

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-May-2020

Fund Manager

— Amit Modani since 22-Oct-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:


--

Change from previous, NAV as on 09-Jul-2020

Unclaimed Dividend Upto 3 yrs: ₹ 1,179.7008

Unclaimed Redemption Upto 3 yrs: ₹ 1,179.5796


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 80% into securities having average maturity less than or equal to 6 months with low risk profile.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 03-Oct-2017
Return Since Launch: --
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 396 Cr (As on 31-May-2020)
Expense: -- (As on )
Risk Grade: --
Return Grade: --

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

Upcoming Video

VR Helpline

Investing rationally when markets are irrational.

dateSaturday, 11-Jul-2020
time04:00 PM - 04:30 PM