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3 star

BOI AXA Ultra Short Duration Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable 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 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 0.45 0.02 0.05 0.27 0.62 1.56 4.35 6.40 7.23 7.70 8.00
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: Ultra Short Duration 0.51 0.02 0.05 0.28 0.70 1.70 4.54 5.66 6.25 6.90 7.80
Rank within category 20 14 17 13 21 19 16 6 3 3 5
Number of funds in category 28 28 28 28 28 27 27 15 15 15 12

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 Ultra Short Duration Fund - Regular Plan  | Invest Online
3 star
Jul-08 4.35 6.40 7.23 0.57 382
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 5.77 -- -- 0.64 18,426
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 6.18 7.43 7.71 0.50 17,086
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 5.10 6.77 7.01 0.77 11,991
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 5.18 7.00 7.01 0.49 11,019

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.05 24-Mar-2020 - 31-Mar-2020 -0.64 17-Mar-2020 - 24-Mar-2020
Month 1.76 30-Aug-2013 - 01-Oct-2013 -0.46 25-Feb-2020 - 26-Mar-2020
Quarter 3.44 20-Aug-2013 - 19-Nov-2013 0.36 24-Dec-2019 - 24-Mar-2020
Year 10.61 20-Aug-2013 - 20-Aug-2014 4.18 17-Jun-2009 - 17-Jun-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.28 0.66 2.57 4.80 1.34 2.90
CCIL T Bill Liquidity Weight 3.68 0.37 -2.46 -5.24 -- --
Debt: Ultra Short Duration 5.71 1.64 1.61 2.88 1.21 2.22
Rank within category 8 3 6 5 10 9
Number of funds in category 17 17 17 17 17 17

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 12 14 7 29
Modified Duration (yrs) 0.32 0.39 0.03 0.30
Average Maturity (yrs) 0.34 0.54 0.32 0.36
Yield to Maturity (%) 3.58 5.14 3.17 3.74
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 182-D 25/02/2021 Treasury Bills SOV 0.00 - 9.14 9.14
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 7.44 6.73
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 7.34 6.64
new Infina Finance 7-D 01/02/2021 Commercial Paper A1+ 0.00 - 6.54 6.54
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 7.95 6.52
equal National Bank Agr. Rur. Devp 28/05/2021 Commercial Paper A1+ 0.00 - 6.47 6.47
equal LIC Housing Fin. 277-D 14/06/2021 Commercial Paper A1+ 0.00 - 7.03 6.45
equal Kotak Mahindra Prime 259-D 30/08/2021 Commercial Paper A1+ 0.00 - 6.38 6.38
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 6.34 6.34
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 7.88 5.33
equal 8.35% REC 13/03/2022 Debenture AAA 1.75 - 4.24 3.41
equal 9.75% REC 2021 Bonds AAA 0.00 - 3.41 2.72

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 05-Dec-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:


0.02%

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

Growth: ₹ 2,514.4887

Dividend Weekly: ₹ 1,007.6868

Dividend Daily: ₹ 1,007.4498


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 50% into instruments having maturity less than or equal to 1 year and rest having maturity more than 1 year with low /medium risk appetite.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 16-Jul-2008
Return Since Launch: 7.56%
Benchmark: CRISIL Liquid TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 382 Cr (As on 31-Jan-2021)
Expense: 0.57% (As on 31-Jan-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-Mar-20210.2321

 05-Mar-20210.0650
 04-Mar-20210.0095
 03-Mar-20210.0953
 02-Mar-20210.0580
 01-Mar-20210.2151
 26-Feb-20210.0038
 25-Feb-20210.0821
 24-Feb-20210.1466
 22-Feb-20210.2934
 18-Feb-20210.2149
 17-Feb-20210.1126
 16-Feb-20210.2365
 15-Feb-20210.4363
 12-Feb-20210.1537
 11-Feb-20210.1293
 10-Feb-20210.0887
 09-Feb-20210.1070
 08-Feb-20210.2241
 05-Feb-20210.0292
 04-Feb-20210.0087
 03-Feb-20210.0704
 02-Feb-20210.0705
 01-Feb-20210.1402
 29-Jan-20210.0571
Dividend Weekly26-Feb-20210.2326

 22-Feb-20211.2943
 15-Feb-20210.7029
 08-Feb-20210.3190
 29-Jan-20210.3696
 08-Jan-20210.7630
 01-Jan-20210.5896
 28-Dec-20200.7863
 18-Dec-20200.3898
 11-Dec-20200.4678
 04-Dec-20200.2642
 27-Nov-20200.6800
 20-Nov-20200.7049
 13-Nov-20200.7713
 06-Nov-20200.5119
 02-Nov-20200.9480
 23-Oct-20200.7092
 16-Oct-20200.9168
 09-Oct-20200.8644
 05-Oct-20201.2968
 25-Sep-20200.6354
 18-Sep-20200.5918
 11-Sep-20200.3902
 04-Sep-20201.0979
 28-Aug-20200.1723

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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