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3 star

BOI AXA Ultra Short Duration Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.71 0.00 0.07 0.30 0.97 2.09 5.11 6.78 7.51 7.96 8.14
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 3.90 4.12 4.53 4.75
Debt: Ultra Short Duration 4.87 0.01 0.07 0.32 1.01 2.23 5.31 5.94 6.50 7.19 7.95
Rank within category 16 24 15 17 14 14 16 6 3 3 5
Number of funds in category 26 28 28 28 27 27 26 15 15 14 12

As on 27-Nov-2020

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 5.11 6.78 7.51 0.58 348
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 7.19 7.71 7.97 0.48 16,215
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.55 -- -- 0.64 15,216
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 6.05 7.36 7.29 0.49 14,207
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 5.97 7.07 7.25 0.76 13,539

Best & Worst Performance

Best (Period) Worst (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 6.65 0.55 3.06 6.68 1.10 2.86
CCIL T Bill Liquidity Weight 3.89 0.32 -3.35 -6.53 -- --
Debt: Ultra Short Duration 5.95 1.58 1.69 3.44 1.09 2.16
Rank within category 7 3 4 4 9 7
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 31-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 15 7 38
Modified Duration (yrs) 0.39 0.39 0.03 0.37
Average Maturity (yrs) 0.42 0.54 0.32 0.43
Yield to Maturity (%) 3.51 5.73 3.51 4.22
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 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 7.44 7.44
new 6.22% HDFC 2021 Debenture AAA 0.00 - 7.34 7.34
equal Cholamandalam Invest. & Fin. 2020 Debenture AA+ 0.00 - 12.50 7.22
new Reserve Bank of India 91-D 10/12/2020 Treasury Bills SOV 0.00 - 7.16 7.16
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 12.07 7.12
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 7.95 7.10
new LIC Housing Fin. 277-D 14/06/2021 Commercial Paper A1+ 0.00 - 7.03 7.03
equal Union Bank of India 2020 Certificate of Deposit A1+ 0.00 - 8.71 6.32
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 7.88 5.91
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 7.90 5.73
new Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 4.30 4.30
equal 8.35% REC 13/03/2022 Debenture AAA 1.48 - 4.24 3.78
equal 9.75% REC 2021 Bonds AAA 0.00 - 3.41 3.04
equal Axis Finance 91-D 11/12/2020 Commercial Paper A1+ 0.00 - 3.21 2.86

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 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:


0.00%

Change from previous, NAV as on 27-Nov-2020

Growth: ₹ 2,497.4470

Dividend Weekly: ₹ 1,007.4547

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 (₹) --
Exit Load 0

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 16-Jul-2008
Return Since Launch: 7.68%
Benchmark: CRISIL Liquid TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 348 Cr (As on 31-Oct-2020)
Expense: 0.58% (As on 31-Oct-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Nov-20200.0386

 26-Nov-20200.2154
 25-Nov-20200.0964
 24-Nov-20200.0822
 23-Nov-20200.2473
 20-Nov-20200.0877
 19-Nov-20200.1772
 18-Nov-20200.1348
 17-Nov-20200.3050
 13-Nov-20200.1775
 12-Nov-20200.1436
 11-Nov-20200.0946
 10-Nov-20200.0914
 09-Nov-20200.2640
 06-Nov-20200.1020
 05-Nov-20200.1902
 04-Nov-20200.1612
 03-Nov-20200.0584
 02-Nov-20200.3571
 29-Oct-20200.1710
 28-Oct-20200.0695
 27-Oct-20200.1524
 26-Oct-20200.1991
 23-Oct-20200.0638
 22-Oct-20200.0630
Dividend Weekly27-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
 21-Aug-20200.8647
 14-Aug-20200.8794
 07-Aug-20200.5055
 31-Jul-20200.4232
 24-Jul-20200.6410
 17-Jul-20200.5924
 10-Jul-20201.0052
 03-Jul-20201.2418
 26-Jun-20200.9079
 19-Jun-20201.6728
 12-Jun-20201.2876

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

Last Session

VR Helpline

Critical Investment Decisions

dateSaturday, 28-Nov-2020
time04:00 PM - 04:30 PM

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