BOI AXA Mutual Fund Launches BOI AXA Bluechip Fund
   Jun 08, 2021

BOI AXA Mutual Fund (MF) has launched an open ended equity scheme - BOI AXA Bluechip Fund.

The scheme endeavors to predominantly invest in Large Cap stocks.

Accordingly, the investment objective of the scheme is to provide investors with the opportunities long term capital appreciation by investing predominantly in equity and equity-related instruments of large cap companies. However, there can be no assurance that the income can be generated, regular or otherwise, or the Investment Objective of the scheme will be realized.

Under normal circumstances, 80% to 100% of the funds portfolio will be invested in equity & equity related instruments of large cap companies, with 0% to 20% in in equity & equity related instruments of Mid & Small Cap Companies.

The scheme may also invest upto 20% of its assets in Debt (including Corporate Debt) and Money Market Instruments, and may seek to invest upto 10% of its net assets in Units issued by REITs and InvITs.

The investment strategy of BOI AXA Bluechip Fund as mentioned in the Scheme Information Document (SID) is as follows:

Under normal market conditions, BOI AXA Bluechip Fund would invest 80% to 100% of its assets in a diversified portfolio constituting equity and equity related instruments of Large Cap companies that the Fund Manager believes have sustainable business models, and potential for capital appreciation.

The fund also has the flexibility to invest upto 20% of its assets in equity & equity related instruments of Mid & Small cap companies. The fund would follow an actively managed approach allowing it the flexibility to pursue opportunities without having any bias in favour of sectoral allocations.

The investment environment, valuation parameters and other investment criteria will determine the allocation and the investment style.

Under normal market conditions and depending on the Fund Manager's views, the assets of the Scheme would be invested across stocks that represent a broad range of sectors of the economy, in order to ensure adequate portfolio diversification.

BOI AXA Bluechip Fund’s performance will be benchmarked against Nifty 50 TRI (Total Return Index).

BOI AXA Bluechip Fund will be managed by Mr Dhruv Bhatia.

The NFO opens for subscription on June 08, 2021, and closes on June 22, 2021. The scheme will reopen for continuous sale and repurchase on or before July 01, 2021.

The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The fund offers Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal Option (Re-investment and Pay-out facility).

 

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