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BOI AXA Ultra Short Duration Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 0.30 0.04 0.08 0.44 1.43 3.31 7.31 7.60 8.13 8.45 8.11
Debt: Ultra Short Duration 0.17 0.05 -0.07 0.31 1.24 3.15 6.56 6.19 7.01 7.87 7.96
Rank within category 18 21 14 15 13 12 13 3 4 4 6
Number of funds in category 28 28 28 28 27 26 23 17 17 15 12

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.76 (30-Aug-2013 - 01-Oct-2013) -0.19 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.44 (20-Aug-2013 - 19-Nov-2013) 0.86 (21-May-2013 - 20-Aug-2013)
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 7.44 0.45 3.83 7.34 1.11 3.55
Debt: Ultra Short Duration 6.27 1.54 1.59 3.37 1.45 2.93
Rank within category 4 3 2 3 7 8
Number of funds in category 19 19 19 19 19 19

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 16 10 40
Modified Duration (yrs) 0.03 0.04 0.03 0.37
Average Maturity (yrs) 0.44 0.50 0.39 0.45
Yield to Maturity (%) 5.73 9.19 5.59 6.25

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.49% Avendus Finance 31/01/2020 Debenture A+ 7.47 - 10.32 8.87
equal 6.72% NTPC 24/11/2021 Bonds AAA 0.00 - 8.60 8.60
equal 9.34% M&M Financial Services 17/03/2020 Bonds/Debentures AAA 0.00 - 8.59 8.59
equal 7.65% National Housing Bank 25/03/2022 Debenture AAA 0.00 - 8.57 8.57
equal HDFC 362-D 02/03/2020 Commercial Paper A1+ 0.00 - 8.46 8.46
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 8.45 8.45
equal Export-Import Bank 25/03/2020 Certificate of Deposit A1+ 0.00 - 8.43 8.43
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 8.34 8.34
equal Axis Bank 28/10/2020 Certificate of Deposit A1+ 0.00 - 8.12 8.12
equal National Bank Agr. Rur. Devp 18/03/2020 Commercial Paper A1+ 0.00 - 7.09 7.09
equal REC 274-D 07/02/2020 Commercial Paper A1+ 0.00 - 6.79 6.79
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 1.75 1.75
equal Power Finance Corp. 18/03/2023 Bonds AAA 0.00 - 1.72 1.72

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-Dec-2019

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:

— Nitish Gupta since 05-Dec-2018

Education: Mr. Gupta is a BE and MBA.

Experience: Prior to joining BOI AXA Mutual Fund he has worked with PGIM India Mutual Fund as a Fund Manager.

Funds Managed:


0.04%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 2,392.1899

Dividend Weekly: ₹ 1,007.8568

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: 7.86%
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 293 Cr (As on 31-Dec-2019)
Expense: 0.58% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.0903

 16-Jan-20200.1049
 15-Jan-20200.1084
 14-Jan-20200.0151
 13-Jan-20200.2890
 10-Jan-20200.0429
 09-Jan-20200.1023
 08-Jan-20200.1245
 07-Jan-20200.1172
 06-Jan-20200.2845
 03-Jan-20200.2069
 02-Jan-20200.1791
 01-Jan-20200.1862
 31-Dec-20190.0732
 30-Dec-20190.3210
 27-Dec-20190.2019
 26-Dec-20190.0986
 24-Dec-20190.0839
 23-Dec-20190.2687
 20-Dec-20190.0595
 19-Dec-20190.1189
 18-Dec-20190.1123
 17-Dec-20190.1359
 16-Dec-20190.2812
 13-Dec-20190.0467
Dividend Weekly10-Jan-20200.6716

 03-Jan-20200.9669
 27-Dec-20190.6533
 20-Dec-20190.7080
 13-Dec-20190.7245
 06-Dec-20190.2919
 29-Nov-20190.9268
 22-Nov-20190.8823
 15-Nov-20191.0213
 08-Nov-20190.4418
 01-Nov-20191.2567
 25-Oct-20190.8821
 18-Oct-20191.0555
 11-Oct-20191.1256
 04-Oct-20191.5493
 27-Sep-20190.8243
 20-Sep-20190.2251
 13-Sep-20190.8955
 06-Sep-20190.9978
 30-Aug-20191.1338
 23-Aug-20191.0389
 16-Aug-20190.5898
 09-Aug-20191.5500
 02-Aug-20191.7215
 26-Jul-20190.5817

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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