BOI AXA Short Term Income Fund Regular Growth
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|Fund Type||Short Duration|
More about this fund
|Bharat Petroleum Corporation Limited||10.24%|
|Power Grid Corporation of India Limited||9.99%|
|Small Industries Development Bank Of India||9.69%|
|364 DTB 03062021||3.88%|
|5.85% Govt Stock 2030||3.82%|
About BOI AXA Short Term Income Fund
BOI AXA Short Term Income Fund is an open-ended debt scheme investing in debt and money market instruments. The fund seeks to deliver regular income over a short and medium-term time horizon. The Macaulay Duration of the portfolio is between 1 to 3 years. Investment in Asset Backed Securities and stock lending will not exceed 20%.
Pros & Cons of BOI AXA Short Term Income Fund
- BOI AXA Short Term Income Fund offers the following benefits:
- The fund is a viable alternative for investors looking for options beyond fixed deposits to improve liquidity and tax efficiency.
- The fund maintains higher portfolio duration to deliver returns that are better than the ultra short term funds.
- However, the fund returns are lower than the average category return.
Fund Information and Statistics of BOI AXA Short Term Income Fund
i) Inception / Launch date –
The BOI AXA Short Term Income Fund was launched on December 18, 2008, by BOI AXA Mutual Funds.
ii) Risk level –
BOI AXA Short Term Income Fund is a moderate risk bet and suitable for investors with a short to medium term investment horizon.
iii) Redemption –
The Scheme will offer Units for Purchase and Redemption at NAV related prices on every Business Day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 3 business days.
iv) Fund Manager –
The fund is managed by Mr Nitish Gupta since December 5, 2018. He comes with 20+ years of experience in managing Fixed Income Portfolios.
v) Entry / Exit load -
The fund house does not charge any entry load or exit load.
Tax benefits of investing in BOI AXA Short Term Income Fund
A Short-term capital gain tax will be levied on unitholders 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. Dividend distribution tax will be deducted before distribution of the dividend.
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