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3 star

BOI AXA Liquid Fund - Regular Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

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 3.86 0.00 0.06 0.25 0.77 1.61 4.28 6.08 6.52 7.15 7.50
CCIL T Bill Liquidity Weight 2.96 -0.02 0.05 0.19 0.59 1.18 3.15 3.88 4.10 4.52 4.75
Debt: Liquid 3.76 0.00 0.05 0.25 0.78 1.61 4.18 5.90 6.37 7.02 7.66
Rank within category 24 6 2 10 27 22 24 22 21 22 26
Number of funds in category 39 39 39 39 39 39 39 35 34 34 30

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 Liquid Fund - Regular Plan  | Invest Online
3 star
Jul-08 4.28 6.08 6.52 0.21 346
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 4.46 6.17 6.58 0.32 40,247
Aditya Birla Sun Life Liquid Fund  | Invest Online
5 star
Mar-04 4.48 6.23 6.62 0.31 34,021
Axis Liquid Fund
4 star
Oct-09 4.46 6.21 6.61 0.25 26,509
UTI Liquid Cash Fund - Regular Plan  | Invest Online
4 star
Dec-03 4.36 6.17 6.58 0.24 26,218

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.47 (24-Mar-2020 - 31-Mar-2020) -0.16 (17-Mar-2020 - 24-Mar-2020)
Month 0.98 (12-Sep-2008 - 13-Oct-2008) 0.14 (23-Feb-2020 - 24-Mar-2020)
Quarter 2.71 (24-Jul-2013 - 23-Oct-2013) 0.66 (09-Nov-2009 - 08-Feb-2010)
Year 9.80 (26-Jul-2013 - 27-Jul-2014) 3.47 (28-May-2009 - 28-May-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.92 0.44 2.37 3.48 0.88 1.97
CCIL T Bill Liquidity Weight 3.83 0.33 -3.20 -6.41 -- --
Debt: Liquid 5.76 0.61 2.18 3.25 0.91 1.84
Rank within category 23 23 24 25 20 18
Number of funds in category 35 35 35 34 35 35

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

As on 30-Nov-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 16 6 38
Modified Duration (yrs) 0.08 0.14 0.01 0.08
Average Maturity (yrs) 0.08 0.16 0.07 0.08
Yield to Maturity (%) 2.89 5.30 2.89 2.89
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 10/12/2020 Treasury Bills SOV 0.00 - 21.62 21.62
new Reserve Bank of India 91-D 03/12/2020 Treasury Bills SOV 0.00 - 14.42 14.42
equal LIC Housing Fin. 360-D 19/11/2020 Commercial Paper A1+ 0.00 - 7.78 7.22
equal Bajaj Finance 91-D 07/12/2020 Commercial Paper A1+ 0.00 - 7.76 7.21
new ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 7.21 7.21
new Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 7.20 7.20
new ICICI Home Finance Company 65-D 30/12/2020 Commercial Paper A1+ 0.00 - 7.19 7.19
new Reserve Bank of India 182-D 31/12/2020 Treasury Bills SOV 0.00 - 7.19 7.19
new National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 7.18 7.18
new SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 7.18 7.18
equal Axis Finance 91-D 11/12/2020 Commercial Paper A1+ 0.00 - 4.66 4.32

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-2020

Fund Manager

— Amit Modani since 22-Oct-2018

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:


0.00%

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

Growth: ₹ 2,325.5153

Dividend Weekly: ₹ 1,001.3124

Dividend Daily: ₹ 1,002.1069


Investment Strategy

The fund aims to generate reasonable market related returns by investing in Money Market instruments. Also seeks to provide high liquidity to investors. The scheme would be investing more than 80% into securities having average maturity less than or equal to 6 months with low risk profile.

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 Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 16-Jul-2008
Return Since Launch: 7.05%
Benchmark: CRISIL Liquid TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 346 Cr (As on 31-Oct-2020)
Expense: 0.21% (As on 31-Oct-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Nov-20200.0731

 29-Nov-20200.0729
 28-Nov-20200.0731
 27-Nov-20200.0628
 26-Nov-20200.1045
 25-Nov-20200.1340
 24-Nov-20200.0638
 23-Nov-20200.0576
 22-Nov-20200.0741
 21-Nov-20200.0740
 20-Nov-20200.0635
 19-Nov-20200.1227
 18-Nov-20200.1104
 17-Nov-20200.0969
 16-Nov-20200.0758
 15-Nov-20200.0756
 14-Nov-20200.0756
 13-Nov-20200.0634
 12-Nov-20200.1454
 11-Nov-20200.0948
 10-Nov-20200.0761
 09-Nov-20200.0810
 08-Nov-20200.0797
 07-Nov-20200.0798
 06-Nov-20200.1061
Dividend Weekly23-Nov-20200.5020

 17-Nov-20200.7033
 09-Nov-20200.6341
 02-Nov-20200.5536
 26-Oct-20200.5918
 19-Oct-20200.6715
 12-Oct-20200.6310
 05-Oct-20200.6634
 28-Sep-20200.6062
 21-Sep-20200.6133
 14-Sep-20200.4396
 07-Sep-20200.6338
 31-Aug-20200.5870
 24-Aug-20200.5910
 17-Aug-20200.6637
 10-Aug-20200.5917
 03-Aug-20200.5626
 27-Jul-20200.5744
 20-Jul-20200.5410
 13-Jul-20200.5907
 06-Jul-20200.6511
 29-Jun-20200.6906
 22-Jun-20200.7274
 15-Jun-20200.8340
 08-Jun-20200.5433

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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