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Best BOI AXA Equity Mutual Funds

BOI AXA Investment Managers Private Limited is a joint venture between AXA Investment Managers and the Bank of India. This amalgamation resulted in bringing together the global expertise of AXA in finance management and the vast experience and network of BOI. As of 31st MAY 2021, this AMC had an AUM of Rs.2255 crores.

This AMC currently offers more than 10 mutual fund schemes distributed among equity, debt and hybrid fund categories. This includes the best BOI AXA equity mutual funds.

Equity mutual funds or stock funds are instruments that predominantly invest in shares and stocks of companies in specific proportions. A minimum of 65% of assets is invested in the stocks and shares of companies, while the remaining 35% might be invested in money market or debt instruments. 

A client invests money in the equity fund via lump sum or a systematic investment plan (SIP). This is invested into various equity stocks on behalf of the client. The resulting profits and losses collected in the portfolio impact the NAV or Net Asset Value of the client’s fund. Besides several other technicalities involved in investing in an equity mutual fund, this defines the crux of equity mutual fund investments.

Equity mutual funds generate high returns by investing in stocks of firms across every market capitalisation. A substantial risk factor accompanies these funds, but they deliver high ROI compared to hybrid and debt funds. A major benefit of investing in the top BOI AXA equity mutual funds is that the client does not select shares or stocks to invest in as the fund manager is responsible for it.

Primarily, equity mutual funds can be categorised into active and passive funds. Apart from these, they can also be segregated into other classes as well. For instance, they can be classified according to market capitalisation, which defines how much the capital market values an entire company’s equity. 

In terms of market capitalisation, these funds can be classified as mid-cap, large-cap, micro or small-cap funds. Equity funds can also be classified as diversified or thematic/sectoral. A diversified equity fund makes investments in stocks spread across the whole market. On the other hand, a thematic or sectoral fund keeps its investments restricted to a specific theme or sector such as Infrastructure or Infotech.

Taxability

Nonetheless, in the broader equity MF category, individuals can around 5 schemes by BOI Axa. And while being aware of the above data related to the best BOI AXA equity mutual funds is important, investors must also keep in mind the taxability involved.

Short-term Capital Gains Tax: A client earns short-term capital gains or STCG after redeeming the equity fund units within a year of holding.  A 15% STCG tax is levied on these capital gains irrespective of the client’s income tax category.

Long-term Capital Gains Tax: A client earns LTCG or long-term capital gains on redeeming the equity fund units after a holding period of 1 year or more. If these capital gains amount to a limit of Rs.1 lakh in a year, they are eligible for tax exemption. However, if these gains exceed this limit, they are levied with a 10% LTCG tax without indexation benefits.

TDS: As per section 194K, clients must note that TDS at 10% is applicable if the dividend income is more than Rs.5000 for a given financial year.

Factors to Consider Before Investing

Clients must now consider the following parameters associated with the best BOI AXA equity mutual funds with the above taxability section sorted.

Risk appetite: Clients must be aware that equity mutual funds come with substantial risk factors. Hence checking one’s risk appetite in order to select an apt scheme from the best BOI Axa equity mutual funds 2022 is of utmost importance. A particular client’s risk tolerance is a highly subjective matter. His/her financial condition, along with several other associated factors is responsible for determining one’s risk appetite.

Experience of the fund manager: A majority of the clients, especially the experienced ones, put considerable emphasis on a fund manager’s expertise. This is because the performance of the best BOI AXA equity mutual fund is highly dependent on the fund manager’s competence. Therefore, these managers are judged based on their experience level, ability to read the market conditions, etc.

Expense ratio: Fund managers and equity mutual fund houses demand a certain fee from the clients for managing the portfolio. This fee is termed the expense ratio, which includes the recording keeping fees as well. 

Budding investors might find it daunting to venture into the investment domain. Selecting a suitable scheme among the best BOI AXA equity mutual funds might prove to be tricky for them. However, consulting this article as a guide along with an elementary knowledge of mutual funds would enable them to make an informed decision. 

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List of Boi Axa Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
BOI AXA Ultra Short Duration FundDebtLow to Moderate3.2%2₹226
BOI AXA Tax Advantage FundEquityVery High9.6%5₹593
BOI AXA Ultra Short Duration FundDebtLow to Moderate3.2%2₹226
BOI AXA Mid & Small Cap Equity & Debt FundHybridVery High17.0%4₹367
BOI AXA Manufacturing & Infrastructure FundEquityVery High14.9%4₹74
BOI AXA Liquid FundDebtLow to Moderate3.5%3₹435
BOI AXA Large & Mid Cap Equity FundEquityVery High8.8%3₹202
BOI AXA Conservative Hybrid FundHybridModerate24.1%2₹56
BOI AXA Small Cap FundEquityVery High19.5%5₹283
BOI AXA Balanced Advantage FundHybridVery High12.7%1₹72
BOI AXA Short Term Income FundDebtModerate17.3%5₹40
BOI AXA Bluechip FundEquityVery HighN.A₹133
BOI AXA Flexi Cap FundEquityVery High14.2%0₹225
BOI AXA Arbitrage FundHybridLow2.8%2₹17
BOI AXA Overnight FundDebtLow3.5%5₹78
View All

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 Bonus

Fund Performance: The BOI AXA Ultra Short Duration Fund has given 4.77% annualized returns in the past three years and 5.97% in the last 5 years. The BOI AXA Ultra Short Duration Fund belongs to the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BOI AXA Ultra Short Duration Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹226Cr
1Y Returns3.2%

BOI AXA Tax Advantage Direct Growth

Fund Performance: The BOI AXA Tax Advantage Fund has given 23.22% annualized returns in the past three years and 15.73% in the last 5 years. The BOI AXA Tax Advantage Fund belongs to the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BOI AXA Tax Advantage Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹593Cr
1Y Returns9.6%

BOI AXA Ultra Short Duration Fund Direct Growth

Fund Performance: The BOI AXA Ultra Short Duration Fund has given 4.77% annualized returns in the past three years and 5.97% in the last 5 years. The BOI AXA Ultra Short Duration Fund belongs to the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹226Cr
1Y Returns3.2%

BOI AXA Mid & Small Cap Equity & Debt Fund Direct Growth

Fund Performance: The BOI AXA Mid & Small Cap Equity & Debt Fund has given 21.66% annualized returns in the past three years and 13.32% in the last 5 years. The BOI AXA Mid & Small Cap Equity & Debt Fund belongs to the Hybrid category of BOI AXA Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BOI AXA Mid & Small Cap Equity & Debt Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹367Cr
1Y Returns17.0%

BOI AXA Manufacturing & Infrastructure Direct Growth

Fund Performance: The BOI AXA Manufacturing & Infrastructure Fund has given 23.3% annualized returns in the past three years and 13.23% in the last 5 years. The BOI AXA Manufacturing & Infrastructure Fund belongs to the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BOI AXA Manufacturing & Infrastructure Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹74Cr
1Y Returns14.9%

BOI AXA Liquid Fund Direct Growth

Fund Performance: The BOI AXA Liquid Fund has given 4.21% annualized returns in the past three years and 5.42% in the last 5 years. The BOI AXA Liquid Fund belongs to the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹435Cr
1Y Returns3.5%

BOI AXA Large & Mid Cap Equity Fund Direct Growth

Fund Performance: The BOI AXA Large & Mid Cap Equity Fund has given 16.64% annualized returns in the past three years and 10.11% in the last 5 years. The BOI AXA Large & Mid Cap Equity Fund belongs to the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BOI AXA Large & Mid Cap Equity Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹202Cr
1Y Returns8.8%

BOI AXA Conservative Hybrid Fund Direct Growth

Fund Performance: The BOI AXA Conservative Hybrid Fund has given 9.8% annualized returns in the past three years and 6.99% in the last 5 years. The BOI AXA Conservative Hybrid Fund belongs to the Hybrid category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹10,000
AUM₹56Cr
1Y Returns24.1%

BOI AXA Small Cap Fund Direct Growth

Fund Performance: The BOI AXA Small Cap Fund belongs to the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BOI AXA Small Cap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹283Cr
1Y Returns19.5%

BOI AXA Balanced Advantage Fund Direct Growth

Fund Performance: The BOI AXA Balanced Advantage Fund has given 6.39% annualized returns in the past three years and 5% in the last 5 years. The BOI AXA Balanced Advantage Fund belongs to the Hybrid category of BOI AXA Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BOI AXA Balanced Advantage Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹72Cr
1Y Returns12.7%

BOI AXA Short Term Income Fund Direct Growth

Fund Performance: The BOI AXA Short Term Income Fund has given 0.74% annualized returns in the past three years and 2.75% in the last 5 years. The BOI AXA Short Term Income Fund belongs to the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹40Cr
1Y Returns17.3%

BOI AXA Bluechip Fund Direct Growth

Fund Performance: The BOI AXA Bluechip Fund belongs to the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BOI AXA Bluechip Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹133Cr
1Y ReturnsNA

BOI AXA Flexi Cap Fund Direct Growth

Fund Performance: The BOI AXA Flexi Cap Fund belongs to the Equity category of BOI AXA Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BOI AXA Flexi Cap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹225Cr
1Y Returns14.2%

BOI AXA Arbitrage Fund Direct Growth

Fund Performance: The BOI AXA Arbitrage Fund belongs to the Hybrid category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹500
AUM₹17Cr
1Y Returns2.8%

BOI AXA Overnight Fund Direct Growth

Fund Performance: The BOI AXA Overnight Fund belongs to the Debt category of BOI AXA Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹78Cr
1Y Returns3.5%

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