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Introduction of Systematic Withdrawal Plan (SWP) under schemes of BOI AXA Mutual Fund


BOI AXA Mutual Fund has introduced the facility of Monthly, Quarterly, Half yearly and Annual Systematic Withdrawal Plan (SWP) under the Regular and Direct Plan of BOI AXA Equity Debt Rebalancer Fund, BOI AXA Equity Fund and BOI AXA Focused Infrastructure Fund with effect from October 05, 2015. The minimum balance to be maintained in the Scheme for SWP shall be ₹. 10,000/-.

The details of the SWP facility are given below:

SWP FrequencyMonthlyQuarterlyHalf YearlyAnnually
Minimum value of SWP1000100010001000
Additional anount in multiples of100100100100
Dates of SWP Installment*(Only one Date)1st, 7th, 10th, 15th, 20th, 25th1st, 7th, 10th, 15th, 20th, 25th1st, 7th, 10th, 15th, 20th, 25th1st, 7th, 10th, 15th, 20th, 25th
Minimum No of SWP6422
*In the event that such a dat is a non-business day, the withdrawals would be affected on the next business day.

Also, the Fund House has made changes in the provisions of SWP Facility under various schemes of BOI AXA Mutual Fund.It has decided to introduce Half Yearly and Annual Frequencty In SWP facility under BOI AXA Tax Advantage Fund, BOI AXA Regular Return Fund and BOI AXA Short Term Income Fund in addition to existing Monthly and Quarterly frequency.

Further,Half Yearly frequency in SWP facility shall also be available under BOI AXA Liquid Fund and BOI AXA Treasury Advantage Fund in addition to existing Monthly, Quarterly and Annually frequency, with effect from October 05, 2015.