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Unrated

BOI AXA Overnight Fund - Regular Plan


Debt: Overnight

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable 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 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.

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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 -- 0.01 0.05 0.23 0.76 1.54 -- -- -- -- --
CCIL T Bill Liquidity Weight -- -0.02 0.05 0.19 0.59 1.18 -- -- -- -- --
Debt: Overnight -- 0.01 0.05 0.22 0.72 1.47 -- -- -- -- --
Rank within category -- 2 11 1 2 2 -- -- -- -- --
Number of funds in category 28 30 30 30 30 30 27 3 3 3 3

As on 01-Dec-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BOI AXA Overnight Fund - Regular Plan  | Invest Online
Unrated
Jan-20 -- -- -- 0.17 108
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.50 4.91 5.77 0.12 5,709
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.49 -- -- 0.19 3,926
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.51 -- -- 0.12 3,890
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.62 -- -- 0.17 1,992

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.10 (18-Feb-2020 - 25-Feb-2020) 0.04 (30-Mar-2020 - 06-Apr-2020)
Month 0.40 (04-Feb-2020 - 05-Mar-2020) 0.24 (28-Oct-2020 - 27-Nov-2020)
Quarter 1.06 (28-Jan-2020 - 28-Apr-2020) 0.76 (28-Aug-2020 - 27-Nov-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.83 0.33 -3.20 -6.41 -- --
Debt: Overnight* 4.81 0.38 -0.21 -0.35 0.54 0.50
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-Nov-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.01 0.10 0.00 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 2.81 5.05 2.00 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Oct-2020

Fund Manager

— Amit Modani since 27-Jan-2020

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:


0.01%

Change from previous, NAV as on 01-Dec-2020

Growth: ₹ 1,029.4760


Investment Strategy

The scheme seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.

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 0

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 28-Jan-2020
Return Since Launch: 2.95%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 108 Cr (As on 31-Oct-2020)
Expense: 0.17% (As on 31-Oct-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Sep-20200.0864

 01-Sep-20200.0819
 31-Aug-20200.0816
 30-Aug-20200.0809
 29-Aug-20200.0808
 28-Aug-20200.0809
 27-Aug-20200.0807
 30-Jul-20200.0887
 29-Jul-20200.0840
 28-Jul-20200.0840
 27-Jul-20200.0887
 26-Jul-20200.0872
 25-Jul-20200.0872
 24-Jul-20200.0872
 23-Jul-20200.0872
 22-Jul-20200.0872
 21-Jul-20200.0857
 20-Jul-20200.0873
 19-Jul-20200.0857
 18-Jul-20200.0857
 17-Jul-20200.0873
 16-Jul-20200.0842
 15-Jul-20200.0842
 14-Jul-20200.0858
 13-Jul-20200.0873

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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