BOI AXA Short Term Income Fund is an open ended short duration debt fund. It was launched on December 18, 2008. The investment objective of BOI AXA Short Term Income Fund is to generate wealth and fixed income by investing in money market and debt securities comprising of a well-diversified portfolio.
BOI AXA Short Term Income Fund invests in short term to medium-term bonds. By investing in BOI AXA Short Term Income Fund regular plan growth scheme, you can enjoy fund liquidity along with tax benefit. The investment prospect of this fund is in such a way that the Macaulay duration of the portfolio lies between 1 year to 3 years.
BOI AXA Short Term Income Fund Facts
- BOI AXA Short Term Income Fund allocates its portfolio in debt securities which ranges around 79.4% in corporate debt, 6.6% in state government bond, 6.2% in commercial paper, 5.9% in the certificate of deposit and 1.9% in cash securities.
- The returns from BOI AXA Short Term Income Fund regular plan growth scheme is higher than that of ultra short term fund.
- BOI AXA Short Term Income Fund exit load is nil.
- If you want to earn high return than conventional bank deposits, then you can easily opt for BOI AXA Short Term Income mutual fund scheme investment in India.
Top 5 Sectors of BOI AXA Short Term Income Fund
|
S.No. |
Holding Name |
Net Assets (in %) |
|
1 |
Corporate Debt |
79.4 |
|
2 |
State Goverment Bond |
6.6 |
|
3 |
Commercial Paper |
6.2 |
|
4 |
Certificate Deposit |
5.9 |
|
5 |
Cash & Other Receivables |
1.9 |
(as on 12/04/2019)
Top 10 Holdings of BOI AXA Short Term Income Fund
|
S.No. |
Holding Name |
Net Assets (in %) |
|
1 |
Sintex-BAPL Limited |
16.3 |
|
2 |
Coffee Day Natural Resources Private Limited |
10.5 |
|
3 |
Piramal Enterprises Limited |
10 |
|
4 |
Aadhar Housing Finance Limited |
9.7 |
|
5 |
Indian Railway Finance Corporation Limited |
6.7 |
|
6 |
REC Limited |
6.7 |
|
7 |
Government of India |
6.6 |
|
8 |
Housing Development Finance Corporation Limited |
6.2 |
|
9 |
Bank of Baroda |
5.9 |
|
10 |
Reliance Industries Limited |
4.7 |
(as on 12/04/2019)
BOI AXA Short Term Income Fund Details
Launch Date- December 18, 2008
Fund Manager- Mr. Nitish Gupta
Risk- Moderate
Benchmark- CRISIL Short-Term Bond Fund Index
Return Since Launch- 7.04%
AUM- Rs. 150.34 crore (as on 31st Mar, 2019)
Following is the performance of BOI AXA Short Term Income Fund-
|
|
1-Year |
3-Year |
5-Year |
10-Year |
|
Fund |
6.12 |
7.17 |
7.99 |
7.15 |
|
CCIL T Bill Liquidity Weight |
4.35 |
4.24 |
4.75 |
4.55 |
|
Category |
6.55 |
7.02 |
7.76 |
7.72 |
|
Rank within Category |
26 |
10 |
11 |
16 |
|
Number of funds in category |
28 |
27 |
27 |
17 |
|
As on Apr 16, 2019 |
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