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:
|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 (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)|
|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
|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|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Reserve Bank of India 91-D 06/02/2020||Treasury Bills||SOV||0.00 - 16.79||16.70|
|Reserve Bank of India 182-D 30/01/2020||Treasury Bills||SOV||0.00 - 11.15||11.15|
|Reserve Bank of India 182-D 06/02/2020||Treasury Bills||SOV||0.00 - 11.13||11.13|
|Reserve Bank of India 91-D 12/03/2020||Treasury Bills||SOV||0.00 - 9.97||9.97|
|REC 274-D 07/02/2020||Commercial Paper||A1+||0.00 - 6.71||6.68|
|Axis Bank 2020||Securitised Debt||A1+||0.00 - 5.57||5.57|
|Indian Oil Corp. 45-D 27/01/2020||Commercial Paper||A1+||0.00 - 5.57||5.57|
|Reserve Bank of India 91-D 13/02/2020||Treasury Bills||SOV||0.00 - 5.56||5.56|
|Bajaj Housing Finance 91-D 18/02/2020||Commercial Paper||A1+||0.00 - 5.58||5.56|
|National Bank Agr. Rur. Devp 91-D 12/03/2020||Commercial Paper||A1+||0.00 - 5.54||5.54|
|ICICI Bank 20/03/2020||Certificate of Deposit||A1+||0.00 - 5.53||5.53|
|Kotak Mahindra Bank 26/03/2020||Certificate of Deposit||A1+||0.00 - 5.53||5.53|
|Kotak Mahindra Prime 315-D 17/01/2020||Commercial Paper||A1+||0.00 - 4.49||4.47|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
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.
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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.
|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.
|Fund House:||BOI AXA Mutual Fund|
|Return Since Launch:||7.27%|
|Assets:||₹ 447 Cr (As on 31-Dec-2019)|
|Expense:||0.21% (As on 31-Dec-2019)|
|Plan||Record Date||Dividend (₹ / Unit)|
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]
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
Email: [email protected]