This One Year Old Flexi-Cap Mutual Fund Has Given 97.90% Returns Since Its Inception

Mutual funds have always been present as a better and easier option for the people for investment. Every mutual fund scheme has a benchmark and it is the endeavour of the fund manager to not only beat it in terms of returns but also out-perform in the long run. Here, in this mutual fund analysis, we have given a basis analysis of a Flexi-cap mutual fund. This fund has performed better than the benchmark.

BOI AXA Flexi Cap Fund - Direct Plan-Growth

This Flexi-cap mutual fund scheme was launched on June 29, 2020, by the BOI AXA Mutual Fund. It is an open-ended small fund of its category. The Asset Under Management of this is worth Rs 225.34 Crore. The Net Asset Value of this fund as on 29th April 2022 is Rs 19.79. The expense ratio is 1.51%. The ratio is high compared to the category average of 0.9%. 

This fund is rated highly risky for investment. The benchmark of this fund is S&P BSE 500. The minimum amount required for investment in this fund is Rs 5,000. For SIP the minimum required amount is Rs 1,000. There is no lock-in period in this fund, but it charges 1% on exit on redemption on more than 10% of the investment within 365 days.

Absolute And Annualised Returns

Lump-Sum Returns

Since its launch, it has delivered 45.12% average annual returns. The given a promising returns and outperformed the category average returns.

Tenure	Absolute Returns	Annualised Returns	Category Avg
1 Year	25.02%	25.02%	17.86%
Since Inception	97.90%	45.12%	14.06%

SIP Returns

Tenure	Absolute Returns	Annualised Returns
1 Year	5.20%	9.78%

Portfolio

The fund has 96.06% investment in equities and 0.04% investment in Debt. The fund has the majority of its money invested in the Financial, Metals & Mining, Technology, Healthcare, and Services sectors. The fund's top holdings are in ICICI Bank Ltd., State Bank of India, Balrampur Chini Mills Ltd., Hindalco Industries Ltd., and HDFC Bank Ltd.

Disclaimers

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.