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BOI AXA Mutual Fund
BOI AXA Mutual Fund is a joint venture between a leading bank – Bank of India and AXA Investment Managers which is a part of AXA Group. AXA Group is one the biggest players in the world of finance. Previously, the Mutual Fund was known by the name of Bharti AXA Mutual Fund. On May 7, 2012, Bank of India acquired majority stakes (51%) in the Bharti AXA investor Management Private Limited. Thus, the fund was renamed to BOI AXA MF. The company offers various different schemes such as open-ended funds, Equity Funds, etc. The objective of the schemes is to provide maximum returns to the investors.
Bank of India is one of India’s largest banks with a wide presence of over 5000 branches across India. It also has presence globally in 22 countries that are spread over five continents. On the other hand, AXA Investment Managers (AXA IM) is one of the world’s bigger asset management groups. It recorded assets of EUR 679 billion as on 30th June 2016. AXA IM has a strong team of over 2000 employees working in over 65 countries across the world.
| AMC | BOI AXA Mutual Fund |
|---|---|
| Date of Setup | March 31, 2008 |
| AUM | INR 5692.02 crore (Jun-30-2018) |
| CEO/MD | Mr Sandeep Dasgupta |
| CIO | Mr. Alok Singh |
| Compliance Officer | Mr. Rajesh Chawathe |
| Investor Service Officer | N. Chandrasekaran |
| Customer Care Number | 1800-103-2263/1800-266-2676 |
| Telephone | 022-40479000 |
| Fax | 022-40479001 |
| service[AT]boiaxa-im.com | |
| Website | www.boiaxa-im.com |
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Types of Mutual Funds Offered by BOI AXA
BOI AXA Mutual Fund offers many schemes to cater the diverse requirements of the individuals. For exmaple, people having a low-risk appetite can invest in debt funds and vice versa. BOI AXA Mutual Fund offers schemes under the following listed cateogries.
Equity Funds
Equity funds is the Mutual Fund category where the corpus money is invested in equity shares of various companies. Equity funds are classified into Large cap funds, mid cap funds, Small cap funds, and so on. The returns on equity funds are not fixed. They can be considered as a long-term investment option. Some of the top and Best equity funds offered by BOI AXA Mutual Fund are as shown in the table given below.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) BOI AXA Tax Advantage Fund Growth ₹49.08
↑ 0.70 ₹221 7.2 2.8 -15 10.5 11.1 -16.3 BOI AXA Large and Mid Cap Equity Fund Growth ₹32.39
↑ 0.43 ₹158 5.4 -0.4 -15.6 6.6 7.9 -15.1 BOI AXA Manufacturing and Infrastructure Fund Growth ₹14.69
↑ 0.10 ₹48 8.2 -1.1 -22.2 8.5 9.2 -22.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 May 19
Debt Funds
Debt funds are a good option for investors having a low-risk appetite. The returns on debt funds are considered more consistent in comparison to equity funds. Debt funds are classified into various categories based on the maturity profile of their assets like Liquid Funds, ultra-short-term debt funds, short-term debt funds, and so on. Some of the top and Best Debt Funds of BOI AXA Mutual Fund include:
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2018 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity BOI AXA Ultra Short Duration Fund Growth ₹2,282.66
↑ 1.02 ₹282 2 4 7.9 8.1 7.6 7.94% 5M 12D 6M BOI AXA Liquid Fund Growth ₹2,161.38
↑ 0.79 ₹529 1.8 3.6 7.5 7.1 7.4 7.25% 1M 13D 1M 20D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 May 19
Hybrid Funds
Hybrid funds enjoy the advantage of both equity funds and debt funds. These schemes invest their accumulated fund money in a combination of both equity and fixed income instruments. These funds are categorized into two types depending on the proportion of equity investments in their portfolio. If the equity investments in the portfolio is more than 65% then, the fund is known as Hybrid Fund and if the equity investment is less than 65% then, it is known as Monthly Income Plan (MIP). The top and best hybrid funds of BOI AXA are:
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) BOI AXA Conservative Hybrid Fund Growth ₹20.5351
↑ 0.07 ₹201 1,000 0.9 0.6 -2.5 5.6 7.2 -2.5 BOI AXA Equity Debt Rebalancer Fund Growth ₹14.8636
↑ 0.09 ₹193 1,000 1.1 1.2 -0.3 5.2 7 -0.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 May 19
(Erstwhile BOI AXA Corporate Credit Spectrum Fund) The Scheme’s investment objective is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating. To achieve this objective, the Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies. BOI AXA Credit Risk Fund is a Debt - Credit Risk fund was launched on 27 Feb 15. It is a fund with Moderate risk and has given a Below is the key information for BOI AXA Credit Risk Fund Returns up to 1 year are on (Erstwhile BOI AXA Equity Fund) The Scheme seeks to generate income and long-term capital appreciation
by investing through a diversified portfolio of predominantly large cap
and mid cap equity and equity related securities including equity derivatives.
The Scheme is in the nature of large and mid cap fund. The Scheme is not
providing any assured or guaranteed returns BOI AXA Large and Mid Cap Equity Fund is a Equity - Large & Mid Cap fund was launched on 21 Oct 08. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Large and Mid Cap Equity Fund Returns up to 1 year are on The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.) BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on (Erstwhile BOI AXA Treasury Advantage Fund) The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments.
The Scheme is not providing any assured or guaranteed returns. Further, there is also no assurance that the investment objective of the Scheme will be achieved. BOI AXA Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 16 Jul 08. It is a fund with Moderately Low risk and has given a Below is the key information for BOI AXA Ultra Short Duration Fund Returns up to 1 year are on 1. BOI AXA Credit Risk Fund
CAGR/Annualized return of 5.2% since its launch. Return for 2018 was -0.3% , 2017 was 9.3% and 2016 was 11.2% . BOI AXA Credit Risk Fund
Growth Launch Date 27 Feb 15 NAV (17 May 19) ₹12.3907 ↑ 0.00 (0.03 %) Net Assets (Cr) ₹727 on 31 Mar 19 Category Debt - Credit Risk AMC BOI AXA Investment Mngrs Private Ltd Rating Risk Moderate Expense Ratio 2.17 Sharpe Ratio -0.63 Information Ratio -0.33 Alpha Ratio -5.94 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (4%),12-24 Months (3%),24-36 Months (2%),36 Months and above(NIL) Yield to Maturity 13.71% Effective Maturity 2 Years 9 Months 22 Days Modified Duration 1 Year 8 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 15 ₹10,115 30 Apr 16 ₹11,100 30 Apr 17 ₹12,338 30 Apr 18 ₹13,358 30 Apr 19 ₹13,151 Returns for BOI AXA Credit Risk Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 May 19 Duration Returns 1 Month -6.1% 3 Month -5.9% 6 Month -3.4% 1 Year -7.5% 3 Year 3.6% 5 Year 10 Year 15 Year Since launch 5.2% Historical performance (Yearly) on absolute basis
Year Returns 2018 -0.3% 2017 9.3% 2016 11.2% 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for BOI AXA Credit Risk Fund
Name Since Tenure Alok Singh 27 Feb 15 4.09 Yr. Data below for BOI AXA Credit Risk Fund as on 31 Mar 19
Asset Allocation
Asset Class Value Cash 20.05% Debt 79.95% Debt Sector Allocation
Sector Value Corporate 79.95% Cash Equivalent 20.05% Credit Quality
Rating Value A 46.76% BBB 16.13% Below B 3.53% Top Securities Holdings / Portfolio
Name Holding Value Quantity SINTEX-BAPL Limited
Debentures | -15% ₹109 Cr 1,000,000,000 Cblo
CBLO | -15% ₹105 Cr Karuna Healthcare Private Limited
Debentures | -14% ₹98 Cr 8,656,000
↓ -1,469,000 DRSR Logistics Services Private Limited
Debentures | -9% ₹66 Cr 5,070,000 RKV Enterprises Private Limited
Debentures | -6% ₹46 Cr 4,000,000 Marck Remedies Private Limited
Debentures | -6% ₹42 Cr 366,700,000 Coffee Day Natural Resources Private Limited
Debentures | -6% ₹39 Cr 3,460,000
↓ -5,140,000 Accelarating Education And Development Private Limited
Debentures | -5% ₹38 Cr 400,000,000 Accelarating Education And Development Private Limited
Debentures | -5% ₹38 Cr 400,000,000 SINTEX-BAPL Limited
Debentures | -3% ₹22 Cr 2,134,000 2. BOI AXA Large and Mid Cap Equity Fund
CAGR/Annualized return of 11.8% since its launch. Ranked 33 in Large & Mid Cap category. Return for 2018 was -15.1% , 2017 was 42.1% and 2016 was 1.3% . BOI AXA Large and Mid Cap Equity Fund
Growth Launch Date 21 Oct 08 NAV (17 May 19) ₹32.39 ↑ 0.43 (1.35 %) Net Assets (Cr) ₹158 on 31 Mar 19 Category Equity - Large & Mid Cap AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.43 Sharpe Ratio -0.4 Information Ratio -1.03 Alpha Ratio -21.42 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 14 ₹10,000 30 Apr 15 ₹13,028 30 Apr 16 ₹12,583 30 Apr 17 ₹15,161 30 Apr 18 ₹18,692 30 Apr 19 ₹16,023 Returns for BOI AXA Large and Mid Cap Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 May 19 Duration Returns 1 Month -4.4% 3 Month 5.4% 6 Month -0.4% 1 Year -15.6% 3 Year 6.6% 5 Year 7.9% 10 Year 15 Year Since launch 11.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 -15.1% 2017 42.1% 2016 1.3% 2015 -2.3% 2014 41.1% 2013 6.7% 2012 24.8% 2011 -22.6% 2010 4.5% 2009 74.3% Fund Manager information for BOI AXA Large and Mid Cap Equity Fund
Name Since Tenure Alok Singh 16 Feb 17 1.96 Yr. Data below for BOI AXA Large and Mid Cap Equity Fund as on 31 Mar 19
Equity Sector Allocation
Sector Value Financial Services 30.2% Consumer Cyclical 18.46% Industrials 13.69% Technology 12.67% Basic Materials 8.22% Health Care 6.73% Consumer Defensive 3.81% Energy 3.16% Asset Allocation
Asset Class Value Cash 3.05% Equity 96.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | HDFCBANK5% ₹7 Cr 30,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹7 Cr 161,000
↑ 31,519 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | 5322153% ₹5 Cr 64,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹5 Cr 35,110 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE3% ₹5 Cr 34,000
↓ -3,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 18 | 5000343% ₹4 Cr 14,000
↓ -2,000 Vinati Organics Ltd (Basic Materials)
Equity, Since 30 Apr 17 | 5242003% ₹4 Cr 21,629
↓ -1,850 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 10 | LT3% ₹4 Cr 28,000
↑ 8,596 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS2% ₹4 Cr 16,000 Net Receivables / (Payables)
Net Current Assets | -2% ₹4 Cr 3. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 16.8% since its launch. Ranked 13 in ELSS category. Return for 2018 was -16.3% , 2017 was 57.7% and 2016 was -1.2% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (17 May 19) ₹49.08 ↑ 0.70 (1.45 %) Net Assets (Cr) ₹221 on 31 Mar 19 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.38 Sharpe Ratio -0.42 Information Ratio -0.44 Alpha Ratio -18.55 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 14 ₹10,000 30 Apr 15 ₹13,693 30 Apr 16 ₹13,216 30 Apr 17 ₹16,359 30 Apr 18 ₹21,688 30 Apr 19 ₹18,486 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 May 19 Duration Returns 1 Month -3.5% 3 Month 7.2% 6 Month 2.8% 1 Year -15% 3 Year 10.5% 5 Year 11.1% 10 Year 15 Year Since launch 16.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% 2012 24.8% 2011 -24.1% 2010 5.9% 2009 Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Saurabh Kataria 29 Jun 13 5.6 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Mar 19
Equity Sector Allocation
Sector Value Financial Services 33.14% Basic Materials 14.39% Technology 11.7% Industrials 11.44% Consumer Cyclical 10.19% Health Care 6.11% Consumer Defensive 5.3% Energy 2.19% Utility 1.54% Asset Allocation
Asset Class Value Cash 4.01% Equity 95.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹13 Cr 55,000
↑ 5,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000345% ₹12 Cr 38,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5322155% ₹11 Cr 140,000
↑ 30,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹9 Cr 220,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹8 Cr 55,000 Aarti Industries Ltd (Basic Materials)
Equity, Since 31 Aug 14 | 5242083% ₹6 Cr 39,000 Vinati Organics Ltd (Basic Materials)
Equity, Since 30 Apr 17 | 5242003% ₹6 Cr 35,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹6 Cr 35,000 Cblo
CBLO | -2% ₹5 Cr ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | ITC2% ₹5 Cr 175,000 4. BOI AXA Ultra Short Duration Fund
CAGR/Annualized return of 7.9% since its launch. Ranked 9 in Ultrashort Bond category. Return for 2018 was 7.6% , 2017 was 8% and 2016 was 9.1% . BOI AXA Ultra Short Duration Fund
Growth Launch Date 16 Jul 08 NAV (17 May 19) ₹2,282.66 ↑ 1.02 (0.04 %) Net Assets (Cr) ₹282 on 31 Mar 19 Category Debt - Ultrashort Bond AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.65 Sharpe Ratio 10.01 Information Ratio 2.39 Alpha Ratio -1.72 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.94% Effective Maturity 6 Months Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 14 ₹10,000 30 Apr 15 ₹10,916 30 Apr 16 ₹11,872 30 Apr 17 ₹12,949 30 Apr 18 ₹13,906 30 Apr 19 ₹14,985 Returns for BOI AXA Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 May 19 Duration Returns 1 Month 0.6% 3 Month 2% 6 Month 4% 1 Year 7.9% 3 Year 8.1% 5 Year 8.4% 10 Year 15 Year Since launch 7.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 7.6% 2017 8% 2016 9.1% 2015 8.7% 2014 9.3% 2013 9.2% 2012 8.5% 2011 8.2% 2010 5% 2009 4.7% Fund Manager information for BOI AXA Ultra Short Duration Fund
Name Since Tenure Nitish Gupta 5 Dec 18 0.16 Yr. Amit Modani 5 Dec 18 0.16 Yr. Data below for BOI AXA Ultra Short Duration Fund as on 31 Mar 19
Asset Allocation
Asset Class Value Cash 91.38% Debt 8.62% Debt Sector Allocation
Sector Value Cash Equivalent 91.38% Corporate 8.62% Credit Quality
Rating Value A 8.8% AA 16.75% AAA 74.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity Piramal Enterprises Limited
Debentures | -12% ₹35 Cr 3,500,000 Avendus Finance Private Limited
Debentures | -9% ₹26 Cr 2,600,000 LIC HOUSING FINANCE LIMITED
Commercial Paper | -8% ₹25 Cr 2,500,000 NTPC Limited
Commercial Paper | -8% ₹25 Cr 2,500,000 ICICI Bank Limited
Certificate of Deposit | -8% ₹25 Cr 2,500,000
↑ 2,500,000 AXIS BANK LIMITED
Certificate of Deposit | -8% ₹24 Cr 2,500,000 INDUSIND BANK LIMITED
Certificate of Deposit | -8% ₹24 Cr 2,500,000 NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
Certificate of Deposit | -8% ₹24 Cr 2,500,000 Export-Import Bank Of India
Certificate of Deposit | -8% ₹23 Cr 2,500,000 Aditya Birla Finance Limited
Commercial Paper | -7% ₹20 Cr 2,000,000
↑ 2,000,000
List of Name Change in Schemes of BOI AXA Mutual Fund
After SEBI's (Securities and Exchange Board of India) circulation on re-categorisation and rationalisation of open-ended Mutual Funds, many Mutual Fund Houses are incorporating changes in their scheme names and categories. SEBI introduced new and broad categories in Mutual Funds in order to bring uniformity in similar schemes launched by the different Mutual Funds. This is to aim and ensure that investors can find it easier to compare the products and evaluate the different options available before Investing in a scheme.
Here is a list of BOI AXA schemes that got new names:
| Existing Scheme Name | New Scheme Name |
|---|---|
| BOI AXA Corporate Credit Spectrum Fund | BOI AXA Credit Risk Fund |
| BOI AXA Equity Fund | BOI AXA Large and Mid Cap Equity Fund |
| BOI AXA Mid Cap Equity And Debt fund | BOI AXA Mid and Small Cap Equity and Debt Fund |
| BOI AXA Regular Return Fund | BOI AXA Conservative Hybrid Fund |
| BOI AXA Treasury Advantage Fund | BOI AXA Ultra Short Duration Fund |
*Note-The list will be updated as and when we get an insight about the changes in the scheme names.
BOI AXA SIP Calculator
sip calculator also known as mutual fund calculator helps people to assess their savings amount and shows how the SIP investment grows over a given timeframe. SIP Calculator is offered by many fund houses so that individuals can use it to decide on the type of schemes which they need to invest.
Know Your Monthly SIP Amount
BOI AXA Mutual Fund NAV
BOI AXA Mutual Fund NAV can be found on the AMFI website. The latest NAV can also be found on the asset management company’s website. You can also check for the historical NAV of the BOI AXA Mutual Fund on the AMFI website.
Why Opt for BOI AXA?
a. Variety of Schemes
BOI AXA Mutual Fund offers a variety of schemes giving investors with a wide range of options to choose from.
b. Risk Management
The company implements strong risk management and risk control methods in order to minimise the risk factor in the mutual fund investment.
c. Innovative Products
It offers innovative products to customers such as Liq-uity and SIP Shield to the customers.
d. Suitable for Everyone
Schemes of BOI AXA Mutual Fund are designed to cater the needs of investors with any type of risk appetite – low, average or high.
Corporate Address
B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013
Sponsor(s)
Bank of India and AXA Investment Managers
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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