BOI Axa Equity Fund

BOI Axa Equity Fund is managed by Gaurav Kapoor. The fund’s performance has been below the average returns of funds in its category in most periods considered. New investors can skip this one for now. Existing investors can exit to invest in better performing funds.

Where does BOI Axa Equity Fund invest your money?

BOI Axa Equity Fund is a large cap equity fund which means your money will be invested in stocks of large cap companies. Presently it 82.44% exposure to large cap companies, 14.40% to stocks of mid cap companies, and 1.32% to those of small cap companies. Large cap companies tend to be more stable compared to mid cap and small cap companies yet mid caps are not avoided due to prospects of bumper returns.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Short term needs
  • Creating wealth
  • Lifestyle needs
How has BOI Axa Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in May 2008, your value of investments would be around Rs 1.79 lakhs. The performance has not been better or similar to other large cap mutual funds. 

Assume you had invested Rs 10,000 every month in BOI Axa Equity Fund through SIP since inception today you would have around Rs 6.32 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of BOI Axa Equity Fund is 3.06%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year.

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