About BOI AXA Ultra Short Duration Fund Direct - Growth
BOI AXA Ultra Short Duration Fund Direct - Growth is a Debt
mutual fund scheme from BOI AXA Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Amit Modani
. It has an AUM of ₹293.12 Crores and the latest NAV decalared is ₹2432.564 as on 24 Jan 2020 at 8:45 pm.
BOI AXA Ultra Short Duration Fund Direct - Growth scheme return performance in last 1 year is 7.58%, in last 3 years is 25.23% and 80.24% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
The fund aims to generate reasonable market related returns by investing in Money Market instruments. Also seeks to provide high liquidity to investors. The scheme would be investing more than 50% into instruments having maturity less than or equal to 1 year and rest having maturity more than 1 year with low /medium risk appetite.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.