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Unrated

BOI AXA Midcap Tax Fund Series 2 - Direct 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 1.72 -1.62 -0.62 6.21 -1.75 10.39 48.02 29.22 -- -- --
S&P BSE 500 TRI 5.26 0.32 1.83 7.61 0.14 15.17 33.45 21.39 -- -- --
Equity: ELSS 3.53 -1.20 0.15 6.38 1.66 15.07 55.65 26.46 -- -- --
Rank within category 17 17 17 10 16 18 13 6 -- -- --
Number of funds in category 18 18 18 18 18 18 18 18 7 1 0

As on 18-Jan-2022

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 - Direct Plan
Unrated
Oct-18 48.02 29.22 -- 0.80% 52

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.30 01-Apr-2020 - 09-Apr-2020 -18.91 16-Mar-2020 - 23-Mar-2020
Month 16.57 23-Mar-2020 - 22-Apr-2020 -34.24 20-Feb-2020 - 23-Mar-2020
Quarter 28.94 27-May-2020 - 26-Aug-2020 -26.71 23-Dec-2019 - 23-Mar-2020
Year 93.73 23-Mar-2020 - 23-Mar-2021 -20.51 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 27.09 21.58 1.08 1.07 0.90 8.51
S&P BSE 500 TRI 20.28 21.92 0.75 0.85 -- --
Equity: ELSS 25.60 25.08 0.89 0.93 1.05 4.46
Rank within category 7 3 6 6 2 6
Number of funds in category 18 18 18 18 18 18

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

As on 31-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 43
Top 10 Stocks (%) 33.64
Top 5 Stocks (%) 18.93
Top 3 Sectors (%) 49.29
Portfolio P/B Ratio 8.33
Portfolio P/E Ratio 52.87

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 37,523 76,522
Giant (%) 6.95 40.57
Large (%) 23.02 13.89
Mid (%) 63.81 29.88
Small (%) 6.22 33.49
Tiny (%) -- 0.70

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 Minda Industries Automobile 92.45 4.76 1.32 4.76
down Astral Chemicals 94.00 5.16 0.00 3.89
down Mphasis Technology 43.76 4.00 0.00 3.75
equal Max Healthcare Institute Healthcare 82.52 3.42 0.00 3.42
down Tube Investments Of India Automobile 63.71 3.11 0.00 3.11
equal Persistent Systems Technology 57.16 3.10 0.00 3.10
down MindTree Technology 46.65 3.11 0.00 2.99
down Endurance Technologies Automobile 39.07 3.14 0.00 2.90
down Relaxo Footwears FMCG 112.78 3.51 1.35 2.87
equal Infosys Technology 36.53 2.85 0.00 2.85
down SRF Diversified 51.10 3.47 0.00 2.83
down Jubilant FoodWorks Services 117.83 3.30 0.00 2.78
down Cholamandalam Investment & Finance Company Financial 31.48 3.71 1.05 2.73
equal Page Industries Textiles 109.76 2.67 0.00 2.67
equal Dr. Lal Pathlabs Healthcare 67.40 2.94 0.00 2.63
equal PI Industries Chemicals 51.70 5.90 1.55 2.51
equal Coforge Technology 62.62 2.44 0.00 2.44
equal Crompton Greaves Consumer Electricals Consumer Durable 41.90 4.22 0.00 2.42
down Neogen Chemicals Chemicals 116.48 2.40 0.00 2.40
equal Dixon Technologies Engineering 167.39 2.33 0.00 2.33
down Atul Chemicals 43.75 3.75 0.71 2.32
down Ajanta Pharma Healthcare 26.63 3.24 0.00 2.25
equal Privi Speciality Chemicals Chemicals 71.11 2.24 0.00 2.24
down Gujarat Gas Energy 32.55 2.85 0.00 2.23
down HDFC Bank Financial 23.35 4.81 1.46 2.20

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-Dec-2021

Fund Manager

— Aakash Manghani since 01-Dec-2021

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:


-0.67%

Change from previous, NAV as on 19-Jan-2022

Growth: ₹ 22.2600

IDCW: ₹ 22.2600


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: 28.16%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Closed-end

Contact Information

AMC: BOI Star Investment Managers Private Limited

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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