BOI AXA Tax Advantage Fund Regular Growth
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
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- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|HDFC Bank Ltd||5.8%|
|ICICI Bank Ltd||4.84%|
|Divi's Laboratories Ltd||3.54%|
|Laurus Labs Ltd||3.22%|
|PI Industries Ltd||2.96%|
|Navin Fluorine International Ltd||2.42%|
|Cholamandalam Investment and Finance Co Ltd||2.34%|
|Bajaj Finance Ltd||2.3%|
|Reliance Industries Ltd Shs Dematerialised||2.21%|
About BOI AXA Tax Advantage Fund
BOI AXA Tax Advantage Fund is an open-ended Equity Linked Savings Scheme (ELSS) which comes with a statutory lock-in period of 3 years. It invests primarily in equity and equity-related securities across industry sizes and sectors. The fund aims at wealth creation over the long term coupled with tax advantage. The scheme does not guarantee assured returns due to presence of market risks.
Pros & Cons of BOI AXA Tax Advantage Fund
BOI AXA Tax Advantage Fund offers the following benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a star-rated fund, it has a long performance record. However, the fund has not been able to beat the benchmark or the category across multiple time horizons.
Fund Information and Statistics of BOI AXA Tax Advantage Fund
i) Inception / Launch date
BOI AXA Tax Advantage Fund was launched on 25 February 2009 by BOI AXA Mutual Fund.
ii) Risk level
Being a multi-cap fund, BOI AXA Tax Advantage Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Saurabh Kataria, who holds a rich experience of over 12 years in financial services, has been managing the BOI AXA Tax Advantage Fund since June 2013.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in BOI AXA Tax Advantage Fund.
Tax benefits of investing in BOI AXA Tax Advantage Fund
BOI AXA Tax Advantage Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About BOI AXA Mutual Fund
BOI AXA Mutual Fund is a joint venture between Bank of India and AXA Investment Managers. The latter is a part of AXA Group which is a renowned player in the global financial protection domain. This venture combines extensive network and local experience of Bank of India with AXA’s global expertise in financial management.
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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