Fund Details
BOI AXA Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.07% |
| NAV | ₹1042.12 (14 Apr 2021) |
|---|---|
| Fund Started | 28 Jan 2020 |
| Fund Size | ₹17 Cr |
Returns
Comparison
1. Lower expense ratio - 0.07%
2. 1Y Returns are higher than the category average returns
3. Exit load is zero
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
Fund Managers
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.
