6M
1Y
All
Fund Details
BOI AXA Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.09% |
| NAV | ₹1051.69 (26 Jul 2021) |
|---|---|
| Fund Started | 28 Jan 2020 |
| Fund Size | ₹37 Cr |
Returns
1Y
3Y*
5Y*
Since inception*
Fund Returns
3.2%
-
-
3.4%
Category Average
3.0%
4.4%
4.9%
-
Rank Within Category
1
-
-
-
*All returns are annualized.
ONE TIME
Minimum SIP amount₹0
Amount Per Month₹5,000
Would have become
₹0
with 3.2% returns per annum
Comparison
Data not available
Pros
1. Lower expense ratio - 0.09%
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
Fund Managers
Alok Singh
Amit Modani
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 ₹37 Cr and the Latest NAV as of 26 Jul 2021 is ₹1051.69.
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
E-mail
[email protected]Website
NABOI 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,
Email
[email protected]Website
www.karvymfs.com