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BOI AXA Tax Advantage Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
21.73%
3Y annualised
+1.91% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 May 2022₹99.38
Min. SIP amount₹500
Rating5
Fund size₹592.77Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns8.0%21.7%16.1%16.6%
Category average54.9%14.2%14.3%NA
Rank with in category2723NA
Understand terms

Holdings (65)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity5.8%
HDFC Bank Ltd.FinancialEquity5.2%
Infosys Ltd.TechnologyEquity5.1%
Bajaj Finance Ltd.FinancialEquity4.0%
Reliance Industries Ltd.EnergyEquity3.3%
Cholamandalam Investment & Finance Company Ltd.FinancialEquity2.6%
Kotak Mahindra Bank Ltd.FinancialEquity2.4%
State Bank of IndiaFinancialEquity2.3%
Mphasis Ltd.TechnologyEquity2.1%
SRF Ltd.DiversifiedEquity2.1%
See All

Pros and cons

Category: Equity ELSS

Pros

3Y and 5Y annualised returns higher than category average
Higher alpha: 9.16 The fund has generated returns higher than benchmark - S&P BSE 500 TRI - in the last 3Y
Exit load is zero
Lower expense ratio: 1.28%

Cons

1Y annualised returns lower than category average by 31.3%
Lock-in period: 3Y

Expense ratio, exit load and tax

Expense ratio: 1.28%

Inclusive of GST

Exit load

Nil

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₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Alok Singh
Apr 2022 - 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,

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FAQs

How to Invest in BOI AXA Tax Advantage Direct Growth?

You can easily invest in BOI AXA Tax Advantage 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 Tax Advantage 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 Tax Advantage Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

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

The BOI AXA Tax Advantage Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 8.02% since its inception.

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

The term Expense Ratio used for BOI AXA Tax Advantage 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 Tax Advantage Direct Growth is 1.28% as of 22 May 2022...

What is the AUM of BOI AXA Tax Advantage Direct Growth?

The AUM, short for Assets Under Management of BOI AXA Tax Advantage Direct Growth is ₹592.77Cr as of 22 May 2022.

How to Redeem BOI AXA Tax Advantage Direct Growth?

If you want to sell your BOI AXA Tax Advantage 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 Tax Advantage Direct Growth?

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

What is the NAV of BOI AXA Tax Advantage Direct Growth?

The NAV of BOI AXA Tax Advantage Direct Growth is ₹99.38 as of 20 May 2022.

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

The PE ratio ratio of BOI AXA Tax Advantage 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).

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