Insights of BOI AXA Short Term Income Fund

Mutual Fund

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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