Groww Logo
Home>Mutual Funds>BOI AXA Mutual Fund>BOI AXA Balanced Advantage Fund Direct Growth

BOI AXA Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Very High Risk
5.76%
3Y annualised
+0.49% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 May 2022₹18.28
Min. SIP amount₹1,000
Rating1
Fund size₹73.82Cr

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns11.0%5.8%4.9%7.6%
Category average24.8%9.3%9.1%NA
Rank with in category32113NA
Understand terms

Holdings (59)

NameSectorInstrumentAssets
Reliance Industries Ltd.EnergyEquity9.0%
ICICI Bank Ltd.FinancialEquity5.2%
India Grid TrustCapital GoodsEquity4.3%
HDFC Bank Ltd.FinancialEquity4.3%
IRB InvIT FundConstructionEquity3.8%
BOI AXA Arbitrage Fund Direct - Growth
FinancialMutual Fund3.4%
Housing Development Finance Corpn. Ltd.FinancialEquity3.4%
JSW Steel Ltd.Metals & MiningEquity3.1%
State Bank of IndiaFinancialEquity3.0%
Tata Consultancy Services Ltd.TechnologyEquity2.9%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Lower expense ratio: 1.58%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
1Y category rank: 3

Cons

Lower AUM: 71Cr. Funds with lower AUM tend to have higher expense ratio
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Low rating: 1

Expense ratio, exit load and tax

Expense ratio: 1.82%

Inclusive of GST

Exit load

For units more than 10% of the investments, an exit load of 1% if redeemed within 1 year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Alok Singh
Dec 2021 - Present
View details

Education
Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience
Prior to joining BOI AXA AMC he has worked with BNP Paribas Asset Management and Axis Bank
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
B/204-Tower 1,Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Phone
NA
Launch Date
31 Mar 2008
Website
NA
Amc Image
BOI AXA Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

Compare funds

BOI AXA Balanced Advantage Fund Direct Growth
VS
Add mutual fund to compare

FAQs

How to Invest in BOI AXA Balanced Advantage Fund Direct Growth?

You can easily invest in BOI AXA Balanced Advantage Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for BOI AXA Balanced Advantage Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in BOI AXA Balanced Advantage Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does BOI AXA Balanced Advantage Fund Direct Growth provide?

The BOI AXA Balanced Advantage Fund Direct Growth has been there from 14 Mar 2014 and the average annual returns provided by this fund is 10.96% since its inception.

How much expense ratio is charged by BOI AXA Balanced Advantage Fund Direct Growth?

The term Expense Ratio used for BOI AXA Balanced Advantage Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of BOI AXA Balanced Advantage Fund Direct Growth is 1.82% as of 28 May 2022...

What is the AUM of BOI AXA Balanced Advantage Fund Direct Growth?

The AUM, short for Assets Under Management of BOI AXA Balanced Advantage Fund Direct Growth is ₹73.82Cr as of 28 May 2022.

How to Redeem BOI AXA Balanced Advantage Fund Direct Growth?

If you want to sell your BOI AXA Balanced Advantage Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of BOI AXA Balanced Advantage Fund Direct Growth?

You can select either SIP or Lumpsum investment of BOI AXA Balanced Advantage Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of BOI AXA Balanced Advantage Fund Direct Growth?

The NAV of BOI AXA Balanced Advantage Fund Direct Growth is ₹18.28 as of 27 May 2022.

What is the PE and PB ratio of BOI AXA Balanced Advantage Fund Direct Growth?

The PE ratio ratio of BOI AXA Balanced Advantage Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Loading...
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 2.4.0
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI