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 ₹261.59 Crores and the latest NAV decalared is ₹28.150 as on 05 Aug 2020 at 1:08 am.
BOI AXA Tax Advantage Direct - Dividend Payout scheme return performance in last 1 year is 20.30%, in last 3 years is 22.44% and 158.15% 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.