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Unrated

BOI AXA Midcap Tax Fund Series 2 - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.94 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 37.77 0.90 -1.75 -1.75 -1.51 14.86 45.39 24.72 -- -- --
S&P BSE 500 TRI 28.60 -0.03 -3.04 -2.90 0.71 11.31 38.13 18.70 -- -- --
Equity: ELSS 46.69 0.94 -2.12 -1.00 4.39 19.66 57.17 23.53 -- -- --
Rank within category 14 12 5 12 20 14 14 8 -- -- --
Number of funds in category 20 20 20 20 20 20 20 20 9 3 1

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 Midcap Tax Fund Series 2 - Regular Plan
Unrated
Oct-18 45.39 24.72 -- 1.55% 68
UTI Master Equity Plan Unit Scheme
Unrated
Mar-03 34.77 15.93 14.28 1.46% 2,479

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.35 01-Apr-2020 - 09-Apr-2020 -18.83 16-Mar-2020 - 23-Mar-2020
Month 16.35 23-Mar-2020 - 22-Apr-2020 -34.23 20-Feb-2020 - 23-Mar-2020
Quarter 28.51 27-May-2020 - 26-Aug-2020 -26.89 23-Dec-2019 - 23-Mar-2020
Year 91.47 23-Mar-2020 - 23-Mar-2021 -21.36 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 26.06 21.37 1.04 1.02 0.89 5.92
S&P BSE 500 TRI 22.08 21.79 0.84 0.93 -- --
Equity: ELSS 25.79 24.65 0.91 0.94 1.05 2.89
Rank within category 8 4 5 6 2 5
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 31-Oct-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 50
Top 10 Stocks (%) 33.94
Top 5 Stocks (%) 18.84
Top 3 Sectors (%) 48.98
Portfolio P/B Ratio 7.84
Portfolio P/E Ratio 46.27

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 36,134 69,555
Giant (%) 7.09 40.31
Large (%) 17.72 13.67
Mid (%) 69.60 28.46
Small (%) 5.60 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
down Astral Chemicals 86.02 5.16 0.00 4.20
down Mphasis Technology 41.15 4.00 0.00 4.00
equal HDFC Bank Financial 24.18 4.81 0.00 3.81
up SRF Diversified 40.31 3.47 0.00 3.47
down Minda Industries Automobile 72.27 3.36 1.32 3.36
equal Cholamandalam Investment & Finance Company Financial 28.36 3.71 1.05 3.12
down Crompton Greaves Consumer Electricals Consumer Durable 43.50 4.22 0.00 3.05
equal Endurance Technologies Automobile 38.77 3.01 0.00 3.01
down PI Industries Chemicals 55.11 5.90 1.55 2.99
down Atul Chemicals 37.89 3.75 0.71 2.93
down MindTree Technology 51.48 2.83 0.00 2.83
down Relaxo Footwears FMCG 109.57 3.51 1.08 2.82
down Ajanta Pharma Healthcare 25.86 3.24 0.00 2.72
equal Jubilant FoodWorks Services 115.35 3.30 0.00 2.40
down Tube Investments Of India Automobile 56.31 2.29 0.00 2.29
down Divi's Laboratories Healthcare 60.65 2.79 1.27 2.25
down JB Chemicals & Pharma Healthcare 26.94 2.54 0.00 2.19
down Navin Fluorine International Chemicals 73.29 2.96 0.00 2.16
down Persistent Systems Technology 56.01 2.16 0.00 2.16
down Gujarat Gas Energy 31.30 2.85 0.00 2.15
equal City Union Bank Financial 16.94 3.58 1.21 2.12
equal AU Small Finance Bank Financial 30.71 5.04 0.00 2.09
down Dr. Lal Pathlabs Healthcare 78.27 2.94 0.00 2.09
equal Max Healthcare Institute Healthcare 81.61 1.96 0.00 1.96
down Nazara Technologies Technology 785.54 1.96 0.00 1.96

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

— Ajay Khandelwal since 15-Jul-2019

Education: Mr. Khandelwal is MBA & Bachelor of Engineering.

Experience: Prior to joining with BOI AXA Mutual Fund, he has worked with B&K Securities & Infosys

Funds Managed:


0.90%

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

Growth: ₹ 20.1700

IDCW: ₹ 20.1700


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-Oct-2018
Return Since Launch: 25.24%
Benchmark: NIFTY Midcap 100 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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