Top 10 Boi Axa Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
BOI AXA Ultra Short Duration FundDebtModerately Low7.5%4star1,010
BOI AXA Ultra Short Duration FundDebtModerately Low7.5%4star499
BOI AXA Credit Risk FundDebtModerate-0.9%4star1,421
BOI AXA Short Term Income FundDebtModerate6.3%1star169
BOI AXA Liquid FundDebtLow7.5%1star0
View All Top 10 Boi Axa Mutual Funds

Best BOI AXA Debt Mutual Funds

BOI AXA Investment Managers Private Limited is basically a joint venture between Bank of India and AXA Investment Managers, which is one of the key players in the financial protection industry. Both these companies are trusted brands and have a global presence. Bank of India has 5000 branches across the country and is spread over 22 countries and 5 continents.

AXA is located in 21 countries and has an asset under management of EUR 746 Billion. Bank of India holds 51% stake, while AXA Investment Manager holds 49%.

BOI AXA Mutual Funds provide different schemes under various categories of mutual funds, like equity, debt and hybrid. An investor can choose the respective scheme as per his/her risk appetite and investment duration. The AMC always aims to keep investor's objective as its focal point.

If you are saving for very short-term goals like a vacation or buying an automobile, then this category is ideal for gains within one year. It is also an excellent resort to park your money until you decide where to invest or spend next. Returns are taxed as per your income tax slab if sold before three years and have negligible tax post that period.

Purpose: Invest here for your short term goals like a vacation, buying a bike, jewelry or expensive gadget.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

BOI AXA Ultra Short Duration Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided 8.39% annualized returns in the last 3 years. In the last 1 year, it gave 7.54% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.54% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Piyush Baranwal

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM1,010Cr
1Y Returns7.5%

BOI AXA Ultra Short Duration Fund - Direct - Bonus

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided 8.26% annualized returns in the last 3 years. In the last 1 year, it gave 7.45% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.45% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Piyush Baranwal

Launch Date29 Jun 2014
Min Investment Amt5,000
Groww Rating4star
AUM499Cr
1Y Returns7.5%

BOI AXA Credit Risk Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Credit Risk segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -0.9% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.9% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Alok Singh

Launch Date26 Feb 2015
Min Investment Amt5,000
Groww Rating4star
AUM1,421Cr
1Y Returns-0.9%

BOI AXA Short Term Income Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Short Duration segment and provided 8.24% annualized returns in the last 3 years. In the last 1 year, it gave 6.33% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.33% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Piyush Baranwal

Launch Date31 Dec 2012
Min Investment Amt2,00,000
Groww Rating1star
AUM169Cr
1Y Returns6.3%

BOI AXA Liquid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave 7.48% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.48% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Piyush Baranwal

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating1star
AUM0Cr
1Y Returns7.5%

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What does investing in BOI AXA Debt Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in BOI AXA Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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