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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 0.54 0.01 0.05 0.24 0.74 1.51 3.72 5.74 6.26 6.91 7.39
CCIL T Bill Liquidity Weight 0.33 0.01 0.04 0.21 0.45 1.08 2.71 3.72 3.95 4.38 4.68
Debt: Liquid 0.54 0.01 0.05 0.23 0.74 1.50 3.55 5.58 6.11 6.79 7.52
Rank within category 24 39 16 11 19 23 19 23 21 22 26
Number of funds in category 41 41 41 41 41 41 41 35 34 34 30

As on 08-Mar-2021

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 3.72 5.74 6.26 0.20 369
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 3.84 5.84 6.32 0.32 42,470
Aditya Birla Sun Life Liquid Fund  | Invest Online
5 star
Mar-04 3.84 5.88 6.36 0.32 33,604
Axis Liquid Fund
4 star
Oct-09 3.81 5.87 6.35 0.25 24,975
Nippon India Liquid Fund  | Invest Online
4 star
Dec-03 3.80 5.88 6.35 0.32 23,879

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 5.63 0.50 2.08 3.45 1.01 1.96
CCIL T Bill Liquidity Weight 3.68 0.37 -2.46 -5.24 -- --
Debt: Liquid 5.48 0.66 1.92 3.38 1.01 1.81
Rank within category 23 22 24 27 20 21
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 28-Feb-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 10 16 6 25
Modified Duration (yrs) 0.08 0.14 0.01 0.08
Average Maturity (yrs) 0.08 0.16 0.05 0.08
Yield to Maturity (%) 3.16 4.72 2.89 3.26
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
equal Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 13.52 13.52
new Reserve Bank of India 182-D 25/02/2021 Treasury Bills SOV 0.00 - 9.47 9.47
new Infina Finance 7-D 01/02/2021 Commercial Paper A1+ 0.00 - 6.78 6.78
new National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 6.78 6.78
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 6.78 6.78
equal Bajaj Financial Securities 2021 Commercial Paper A1+ 0.00 - 6.78 6.78
new Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 6.77 6.77
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 6.76 6.76
new LIC Housing Fin. 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 6.76 6.76
equal Reserve Bank of India 91-D 04/03/2021 Treasury Bills SOV 0.00 - 6.76 6.76

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-Jan-2021

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:


0.01%

Change from previous, NAV as on 08-Mar-2021

Growth: ₹ 2,343.6782

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 (₹) --
Lock-in Period Not Applicable
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: 6.96%
Benchmark: CRISIL Liquid TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 369 Cr (As on 31-Jan-2021)
Expense: 0.20% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-Mar-20210.0598

 07-Mar-20210.0852
 06-Mar-20210.0852
 05-Mar-20210.0663
 04-Mar-20210.0602
 03-Mar-20210.0776
 02-Mar-20210.0747
 01-Mar-20210.0589
 28-Feb-20210.0804
 27-Feb-20210.0802
 26-Feb-20210.0339
 25-Feb-20210.0997
 24-Feb-20210.1311
 23-Feb-20210.0803
 22-Feb-20210.0654
 21-Feb-20210.0768
 20-Feb-20210.0767
 19-Feb-20210.0765
 18-Feb-20210.1128
 17-Feb-20210.1737
 16-Feb-20210.0982
 15-Feb-20210.0995
 14-Feb-20210.0833
 13-Feb-20210.0837
 12-Feb-20210.0922
Dividend Weekly08-Mar-20210.5087

 01-Mar-20210.5643
 22-Feb-20210.6797
 15-Feb-20210.6280
 08-Feb-20210.5940
 01-Feb-20210.6365
 25-Jan-20210.5919
 18-Jan-20210.5647
 11-Jan-20210.3195
 04-Jan-20210.6527
 28-Dec-20200.5850
 21-Dec-20200.5455
 14-Dec-20200.5021
 07-Dec-20200.4205
 01-Dec-20200.6327
 23-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

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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