BOI AXA Credit Risk Regular Growth
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|Fund Type||Credit Risk|
|Exit Load||4% for 365 Days|
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|Marck Remedies Private Limited||18.46%|
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|Amanta Healthcare Limited||1.91%|
|Accelarating Education and Development Private Limited||1.08%|
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About BOI AXA Credit Risk Fund
BOI AXA Credit Risk Fund is an open-ended debt scheme with an investment objective to generate long-term capital appreciation. The scheme invests in corporate bonds across the credit spectrum. At least 65% of the capital is invested in AA and below rated corporate bonds. The investments will be made primarily with medium to long-term maturity.
Pros & Cons of BOI AXA Credit Risk Fund
BOI AXA Credit Risk Fund offers the following benefits: 1. The scheme is ideal for long-term deployment of a portion of your funds. 2. The scheme is aimed at providing higher risk-adjusted returns by investing in vanilla and structured corporate credit issuances across the credit spectrum. 3. However, the recent performance of the fund is below the benchmark returns.
Fund Information and Statistics of BOI AXA Credit Risk Fund
i) Inception / Launch date
The BOI AXA Credit Risk Fund was launched on 27 February, 2015, by BOI AXA Mutual Fund.
ii) Risk level
Investments in BOI AXA Credit Risk Fund are at moderate risk and suitable for investors with an investment horizon of 3 years and above.
The units can be redeemed at NAV prices after five days from the date of allotment. The proceeds will be dispatched within 10 business days from the date of acceptance of redemption request.
iv) Fund Manager
BOI AXA Credit Risk Fund is a managed by Alok Singh since the inception of the scheme. He is a CFA & PGDBA and comes with 17 years of experience.
v) Entry / Exit load
The fund house does not charge any entry load for investing in the scheme. A 4% exit load is charged if redeemed within 12 months from the date of allotment and 3% is charged if redeemed after 12 months but before 24 months. A 2% exit load is charged if redeemed after 24 months and before 36 months. No exit load is charged if redeemed after 3 years from the date of allotment.
Tax benefits of investing in BOI AXA Credit Risk Fund
The Short-term capital gain tax will be levied as per the income tax slab rate if units are held for less than 36 months. A long-term capital gains tax of 20% is applicable with indexation if units are held for more than 36 months.
About BOI AXA Mutual Fund
BOI AXA as the name suggests is a joint venture between Bank of India (51%) and AXA Investment Managers. The latter is a part of AXA Group which is a world-renowned player in the Financial Protection Industry. Since its inception in 2008, the fund house has come a long way with several products and customers across the country.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns