About BOI AXA Tax Advantage Direct - Dividend Payout
BOI AXA Tax Advantage Direct - Dividend Payout is a Tax Saver
mutual fund scheme from BOI AXA Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Aakash Manghani
. It has an AUM of ₹256.44 Crores and the latest NAV decalared is ₹25.500 as on 04 Jun 2020 at 1:55 pm.
BOI AXA Tax Advantage Direct - Dividend Payout scheme return performance in last 1 year is -2.47%, in last 3 years is 15.64% and 133.85% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.