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Unrated

BOI AXA Midcap Tax Fund Series 2 - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.04 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, 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.

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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 -6.36 -0.28 2.38 4.98 10.71 -7.57 4.07 -- -- -- --
S&P BSE 500 TRI -10.03 -0.42 1.44 6.45 18.81 -10.99 -4.74 -- -- -- --
Equity: ELSS -9.53 -0.37 1.79 6.79 17.96 -11.28 -6.69 -- -- -- --
Rank within category 7 7 5 21 24 7 5 -- -- -- --
Number of funds in category 25 25 25 25 25 25 25 14 6 2 1

As on 10-Jul-2020

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 4.07 -- -- 1.53 44
UTI Master Equity Plan Unit Scheme
Unrated
Mar-03 -8.59 0.07 4.88 1.43 1,502

Best & Worst Performance

Best (Period) Worst (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 24.04 (23-Mar-2020 - 22-Jun-2020) -26.89 (23-Dec-2019 - 23-Mar-2020)
Year 27.25 (19-Feb-2019 - 19-Feb-2020) -21.36 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS* 0.34 24.00 -0.19 -0.21 1.05 -3.90
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 53
Top 10 Stocks (%) 34.65
Top 5 Stocks (%) 19.82
Top 3 Sectors (%) 59.71
Portfolio P/B Ratio 4.52
Portfolio P/E Ratio 28.71

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 23,109 32,804
Giant (%) 14.09 30.09
Large (%) 7.37 14.77
Mid (%) 69.16 24.27
Small (%) 9.38 35.67
Tiny (%) -- 1.92

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 PI Industries Chemicals 58.54 5.02 0.25 5.02
down HDFC Bank Financial 22.27 4.81 0.00 4.00
equal Abbott India Healthcare 55.59 3.85 0.00 3.75
equal Astral Poly Technik Chemicals 56.10 4.12 0.00 3.54
equal Relaxo Footwears FMCG 69.79 3.51 1.08 3.51
equal Atul Chemicals 20.60 3.75 0.71 3.42
down Ajanta Pharma Healthcare 26.48 3.24 0.00 3.16
down Alkem Laboratories Healthcare 25.68 3.90 0.00 2.98
equal Ipca Laboratories Healthcare 34.64 2.85 0.00 2.71
up City Union Bank Financial 20.56 3.58 1.90 2.56
equal Pfizer Healthcare 36.75 2.88 0.00 2.45
up Navin Fluorine International Chemicals 20.83 2.44 0.00 2.44
down SRF Diversified 22.01 2.59 0.00 2.39
up Crompton Greaves Consumer Electricals Cons Durable 30.40 2.96 0.00 2.28
down MRF Automobile 19.33 2.43 1.13 2.13
equal Essel Propack Chemicals 29.92 2.74 0.00 2.09
down Dr. Lal Pathlabs Healthcare 65.63 2.94 0.00 2.08
equal Honeywell Automation Engineering 51.61 2.14 0.87 2.04
equal Natco Pharma Healthcare 26.86 1.99 1.41 1.94
equal Divi's Laboratories Healthcare 42.49 2.79 1.27 1.91
equal Symphony Cons Durable 34.03 2.80 1.38 1.82
up Minda Industries Automobile 51.64 2.92 1.15 1.80
equal Tube Investments Of India Automobile 27.23 1.82 0.00 1.79
equal AIA Engineering Metals 25.97 2.86 1.31 1.72
equal HDFC Financial 15.26 2.11 0.00 1.69

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

— 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:

— Dhruv Bhatia since 15-Jul-2019

Education: Mr. Bhatia has done PGDM (Finance), Bachelors in Management Studies (Finance).

Experience: Prior to joining BOI AXA Mutual Fund he has worked with AUM Fund Advisors LLP and Sahara Asset Management Company.

Funds Managed:


-0.28%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 10.7500

Dividend: ₹ 10.7500


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.

Tenure (Days) 3650
Maturity date

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 19-Oct-2018
Return Since Launch: 4.28%
Benchmark: NIFTY Midcap 100 TRI
Riskometer: Moderately 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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