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BOI AXA Liquid Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an 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 are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, 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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(₹)
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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 0.26 0.01 0.09 0.41 1.25 2.72 6.29 6.81 7.24 7.78 7.53
Debt: Liquid 0.26 0.01 0.09 0.41 1.26 2.73 6.27 6.53 7.04 7.63 7.75
Rank within category 31 33 29 32 30 29 29 22 20 20 24
Number of funds in category 40 40 40 40 40 40 39 36 35 34 28

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.98 (12-Sep-2008 - 13-Oct-2008) 0.20 (16-Nov-2009 - 16-Dec-2009)
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 6.64 0.22 4.26 6.13 0.34 1.47
Debt: Liquid 6.38 0.50 3.90 6.47 0.51 1.50
Rank within category 22 31 26 26 17 19
Number of funds in category 36 36 36 34 36 36

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 21 13 53
Modified Duration (yrs) 0.01 0.01 0.01 0.10
Average Maturity (yrs) 0.13 0.14 0.06 0.10
Yield to Maturity (%) 5.00 7.25 5.00 5.28

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 91-D 06/02/2020 Treasury Bills SOV 0.00 - 16.79 16.70
new Reserve Bank of India 182-D 30/01/2020 Treasury Bills SOV 0.00 - 11.15 11.15
new Reserve Bank of India 182-D 06/02/2020 Treasury Bills SOV 0.00 - 11.13 11.13
new Reserve Bank of India 91-D 12/03/2020 Treasury Bills SOV 0.00 - 9.97 9.97
equal REC 274-D 07/02/2020 Commercial Paper A1+ 0.00 - 6.71 6.68
new Axis Bank 2020 Securitised Debt A1+ 0.00 - 5.57 5.57
new Indian Oil Corp. 45-D 27/01/2020 Commercial Paper A1+ 0.00 - 5.57 5.57
new Reserve Bank of India 91-D 13/02/2020 Treasury Bills SOV 0.00 - 5.56 5.56
equal Bajaj Housing Finance 91-D 18/02/2020 Commercial Paper A1+ 0.00 - 5.58 5.56
new National Bank Agr. Rur. Devp 91-D 12/03/2020 Commercial Paper A1+ 0.00 - 5.54 5.54
new ICICI Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 5.53 5.53
new Kotak Mahindra Bank 26/03/2020 Certificate of Deposit A1+ 0.00 - 5.53 5.53
equal Kotak Mahindra Prime 315-D 17/01/2020 Commercial Paper A1+ 0.00 - 4.49 4.47

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-2019

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 20-Jan-2020

Growth: ₹ 2,244.8874

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: 7.27%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 447 Cr (As on 31-Dec-2019)
Expense: 0.21% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily19-Jan-20200.0961

 18-Jan-20200.0962
 17-Jan-20200.0951
 16-Jan-20200.1029
 15-Jan-20200.0920
 14-Jan-20200.0855
 13-Jan-20200.0483
 12-Jan-20200.0938
 11-Jan-20200.0936
 10-Jan-20200.0558
 09-Jan-20200.0974
 08-Jan-20200.0869
 07-Jan-20200.0986
 06-Jan-20200.0741
 05-Jan-20200.0882
 04-Jan-20200.0882
 03-Jan-20200.0958
 02-Jan-20200.1670
 01-Jan-20200.1144
 31-Dec-20190.0955
 30-Dec-20190.0836
 29-Dec-20190.0926
 28-Dec-20190.0925
 27-Dec-20190.0900
 26-Dec-20190.1170
Dividend Weekly13-Jan-20200.5741

 06-Jan-20200.7230
 30-Dec-20190.6650
 23-Dec-20190.7384
 16-Dec-20190.6472
 09-Dec-20190.6364
 02-Dec-20190.7466
 25-Nov-20190.7052
 18-Nov-20190.7066
 11-Nov-20190.6335
 04-Nov-20190.6205
 29-Oct-20190.7062
 22-Oct-20190.7975
 14-Oct-20190.7882
 07-Oct-20190.8435
 30-Sep-20190.8185
 23-Sep-20190.6294
 16-Sep-20190.7593
 09-Sep-20190.6689
 03-Sep-20190.8598
 26-Aug-20190.7945
 19-Aug-20190.6305
 13-Aug-20190.9719
 05-Aug-20190.8562
 29-Jul-20190.8410

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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