Data as on 31st May 2024


Date of re-open on 20th June 2018
  • Fund Type : A 10 Year Close-ended Equity Linked Savings Scheme
    Entry Load : Nil
    Date of Allotment : 19 October, 2018
    NFO Opens : 12 July 2018 NFO Closes : 11 October 2018
  • Benchmark :
    • Tier 1: S&P BSE 500 TRI
    • Tier 2: Nifty Midcap 100 Index
    Exit Load :

Investment Objective

The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related securities of midcap companies along with income tax benefit. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Fund Manager

  • Aakash Manghani

    B.E ( Information Technology)

    Aakash Manghani  
    See detail

Fund Highlights

  • Aims to leverage on the midcap expertise that has been established by our equity team.
  • Provides investors with the additional benefit of Tax Savings (Under Section 80C of the Income Tax Act)
  • Pure Equity fund that is aimed to be fully invested in equities under normal market situations.
  • The close-ended nature of the fund will enable the Fund Manager to take a long-term view on his portfolio construct without having to worry about liquidity pressure.
  • Click here for KIM
  • Click here for SID


Scheme Riskometer:

The above Riskometer is based on the portfolio as on May, 2024.

This product is suitable for investors who are seeking*:

  • Long-term capital appreciation.
  • Dynamic asset allocation between equity and fixed income based on equity market valuations

Benchmark Riskometer (Benchmark Riskometer Nifty 50 Hybrid Composite Debt 50:50 Index TRI):

Benchmark Riskometer Nifty 50 Hybrid Composite Debt 50:50 Index TRI as on October 31, 2021.

Who should invest?

  • Suitable for long-term investors who want to benefit from the close ended nature of the fund coupled with the proven track-record of mid cap expertise established by the fund house

Why should you invest?

  • Mid caps are under-researched and under owned equities having potential for growth.
  • Investing in companies at nascent stage of growth provides maximum scope for appreciation. Investing in equities before they become large cap.
  • Most of the stocks that have transitioned from mid cap to large cap, and have been included in the NIFTY 50, have significantly outperformed prior to inclusion in the index.
  • Benefit from the long term return potential of equities.
  • ELSS mutual funds are eligible for tax exemption u/s 80C. Tax benefit of ₹46,800 is calculated on investment of ₹1,50,000 and investor falls in the top income tax slab of 30% plus applicable cess 4%. Tax savings may vary depending on applicable tax slabs and investments under Section 80C of the Income Tax Act, 1961
 BOI AXA Mid Cap tax Fund Series2