BOI AXA Tax Advantage Direct Growth is a Equity Mutual Fund Scheme launched by BOI AXA Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Saurabh Kataria is the Current Fund Manager of BOI AXA Tax Advantage Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹255 Cr and the Latest NAV as of 20 Nov 2019 is ₹59.50.
The BOI AXA Tax Advantage Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.
Investment Objective
To generate income and long-term capital appreciation through a diversified portfolio of predominantly equity and equity-related securities including equity derivatives, across all market capitalizations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns. The investment performance will be benchmarked against S&P CNX Nifty Index However there can be no assurance that the investment objectives of the Scheme will be realized.
Tax Implications
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Scheme Information Document(SID)
₹500
Min for First Investment
₹500
Min for Second Investment