BOI AXA Mid Cap Tax Fund Series 2

Data As on 30^th June 2018

BOI AXAMID CAP TAX FUND SERIES 2

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 2025 NFO Closes : 11 October 2025
Benchmark : Nifty Midcap 100 TRI

Exit Load :
Nil

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

Saurabh Kataria

BCom(Hons.) from Delhi University MBA from ICFAI Business School.

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Saurabh has over 12 years of experience in the Financial Services industry.

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.
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This product is suitable for investors who are seeking*:

Capital appreciation over a period of 10 years
Investment in equity and equity related instruments of mid cap companies along with income tax benefit u/s 80c of the income tax Act, 1961

*Investor should consult their financial advisor if they are not clear about the suitability of the product.

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