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BOI AXA Overnight Fund Direct Growth+0.01%

3.25%
1 Year Return
Debt
Overnight
6M
1Y
All

Fund Details

BOI AXA Overnight Fund Direct Growth

RiskLow
Min SIP AmountNot Supported
Expense Ratio0.07%
NAV₹1042.12 (14 Apr 2021)
Fund Started28 Jan 2020
Fund Size17 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.3%
-
-
3.4%
Category Average
3.0%
4.6%
5.1%
-
Rank Within Category
1
-
-
-
*All returns are annualized.
ONE TIME
Minimum SIP amount0
Amount Per Month₹5,000
Would have become
0
with 3.3% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.07%
2. 1Y Returns are higher than the category average returns
3. Exit load is zero
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years

BOI AXA Overnight Fund Direct Growth Details

BOI AXA Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by BOI AXA Mutual Fund. This scheme was made available to investors on 28 Jan 2020. Amit Modani is the Current Fund Manager of BOI AXA Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹17 Cr and the Latest NAV as of 14 Apr 2021 is ₹1042.12.

The BOI AXA Overnight Fund Direct Growth is rated Low risk. Minimum Lumpsum Investment is 5000.

Investment Objective

The scheme seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.

Tax Implications

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About BOI AXA Mutual Fund

Address
BOI AXA Investment Managers Pvt. Ltd. B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Ma Mumbai 400055
Phone
022-40479000
Launch Date
31 Mar 2008
Website
NA
BOI AXA Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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