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Unrated

BOI AXA Midcap Tax Fund Series 1 - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 2.16 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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.

Read more

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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 45.91 1.63 2.40 -0.85 1.63 17.24 51.74 29.27 -- -- --
S&P BSE 500 TRI 32.26 1.61 1.92 -2.91 1.83 12.12 37.47 20.51 -- -- --
Equity: ELSS 50.68 1.41 2.25 -1.80 4.95 19.17 56.81 25.41 -- -- --
Rank within category 13 4 10 4 16 13 12 5 -- -- --
Number of funds in category 20 20 20 20 20 20 20 20 9 3 1

As on 08-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BOI AXA Midcap Tax Fund Series 1 - Regular Plan
Unrated
Feb-18 51.74 29.27 -- 1.55% 79
UTI Master Equity Plan Unit Scheme
Unrated
Mar-03 33.04 17.42 14.85 1.46% 2,479

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.41 01-Apr-2020 - 09-Apr-2020 -17.27 16-Mar-2020 - 23-Mar-2020
Month 16.76 24-Mar-2020 - 23-Apr-2020 -31.64 20-Feb-2020 - 23-Mar-2020
Quarter 28.39 27-May-2020 - 26-Aug-2020 -23.46 23-Dec-2019 - 23-Mar-2020
Year 90.95 23-Mar-2020 - 23-Mar-2021 -23.83 21-Aug-2018 - 22-Aug-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 26.41 20.85 1.09 1.08 0.86 8.93
S&P BSE 500 TRI 19.76 21.92 0.73 0.84 -- --
Equity: ELSS 24.57 24.74 0.86 0.90 1.04 4.14
Rank within category 6 1 4 4 1 4
Number of funds in category 20 20 20 20 20 20

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

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 47
Top 10 Stocks (%) 32.99
Top 5 Stocks (%) 18.17
Top 3 Sectors (%) 51.61
Portfolio P/B Ratio 7.93
Portfolio P/E Ratio 44.70

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 29,412 69,555
Giant (%) 3.99 40.31
Large (%) 17.50 13.67
Mid (%) 69.66 28.46
Small (%) 8.85 35.25
Tiny (%) -- 1.08

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 25.15 4.11 0.00 3.84
down Astral Chemicals 87.30 4.33 0.00 3.83
equal Minda Industries Automobile 73.02 3.66 0.00 3.66
equal Cholamandalam Investment & Finance Company Financial 29.25 4.54 1.17 3.43
up SRF Diversified 42.45 3.74 0.00 3.41
down Mphasis Technology 44.18 3.63 0.00 3.31
down PI Industries Chemicals 56.21 5.94 0.00 3.11
equal Ajanta Pharma Healthcare 25.55 3.99 0.00 2.81
down MindTree Technology 55.27 2.86 0.00 2.81
equal Dr. Lal Pathlabs Healthcare 73.42 3.05 0.00 2.78
equal Atul Chemicals 39.13 3.22 0.00 2.68
equal Relaxo Footwears FMCG 110.78 2.84 0.00 2.67
down JB Chemicals & Pharma Healthcare 26.16 3.10 0.00 2.60
down Navin Fluorine International Chemicals 76.33 3.87 0.00 2.31
equal Jubilant FoodWorks Services 120.74 3.05 0.00 2.28
equal City Union Bank Financial 16.96 6.81 1.30 2.28
equal Endurance Technologies Automobile 40.83 2.26 0.00 2.26
equal Neogen Chemicals Chemicals 110.19 2.20 0.00 2.19
equal Crompton Greaves Consumer Electricals Consumer Durable 41.23 4.15 0.00 2.17
equal Metropolis Healthcare Healthcare 64.10 2.13 0.00 2.13
equal Page Industries Textiles 101.49 5.18 0.00 2.12
down Coforge Technology 60.68 2.89 0.00 2.05
equal Eris Lifesciences Healthcare 25.69 2.02 0.00 2.02
down Max Financial Services Financial 112.70 2.55 0.00 1.93
equal Tube Investments Of India Automobile 59.80 2.42 0.00 1.81

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

— Aakash Manghani since 15-Jul-2019

Education: Mr. Manghani has done Bachelors in Engineering

Experience: Prior to joining BOI AXA Mutual Fund he has worked with Pioneer Investcorp Ltd., Girik Capital and Amdocs Ltd.

Funds Managed:


1.63%

Change from previous, NAV as on 08-Dec-2021

Growth: ₹ 17.4800

IDCW: ₹ 17.4800


Investment Strategy

The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related securities of midcap companies along with income tax benefit.

Investment Details

Tenure (Days) 3650
Maturity date

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 19-Feb-2018
Return Since Launch: 15.82%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Closed-end

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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