KE INFORATION EORANU (KI) CU APPLICATION FOR FOR EBT SCHEES Have you visited our new website? www.boiaxamf.com BOI AXA Liquid Fund BOI AXA Short Term Income Fund (An Open-Ended Liquid Scheme) (An open ended short term debt scheme investing in instruments with acaulay duration of the portfolio between 1 year and 3 years) BOI AXA Ultra Short uration Fund BOI AXA Credit Risk Fund (Formerly BOI AXA Treasury Advantage Fund) (An open ended ultra-short term debt scheme investing in instruments with acaulay duration of the portfolio between 3 months and 6 months) (Formerly BOI AXA Corporate Credit Spectrum Fund) (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds).) Continuous Offer of Units at Applicable V utual Fund : BOI AXA utual Fund B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam arg, Lower Parel, umbai - 400 013 Trustee : BOI AXA Trustee Services Pvt Ltd B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam arg, Lower Parel, umbai - 400 013 Investment anager : BOI AXA Investment anagers Pvt Ltd B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam arg, Lower Parel, umbai - 400 013 Sponsors : Bank of India AXA Investment anagers Star House, C5, G Block, Coeur éfense-tour B-La Bandra Kurla Complex, éfense 4 100 Esplanade Bandra (East), umbai 92400 400051Courbevoie du Général Francede Gaulle This Key Information emorandum (KI) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme(s)/utual Fund, due diligence certificate by the AC, Key Personnel, investors rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information ocuments and Statement of Additional Information available free of cost at any of the Investor Service Centers or distributors or from the website www.boiaxamf.com. The Schemes particulars have been prepared in accordance with Securities and Exchange Board of India (utual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KI. This KI is dated April 11, 2018. PROUCT LABEL BOI AXA ULTRA SHORT URATION FUN (Formerly BOI AXA Treasury Advantage Fund) (An open ended ultra-short term debt scheme investing in instruments with acaulay duration of the portfolio between 3 months and 6 months) BOI AXA LIQUI FUN (An Open-Ended Liquid Scheme) THIS PROUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*: Income over short term. Investment in ebt and oney arket Instruments. ly ate der o Low oderate THIS PROUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*: Regular income over short to medium term Investment in ebt & oney arket instruments such that the acaulay duration of the portfolio is between 3 months and 6 months o oderate ly der ate Hig ately der h o Low o der Hig ately h Low h h Low Hig Hig HIGH LOW HIGH LOW Investors understand that their principal will be at low risk Investors understand that their principal will be at moderately low risk BOI AXA SHORT TER INCOE FUN (An open ended short term debt scheme investing in instruments with acaulay duration of the portfolio between 1 year and 3 years) BOI AXA CREIT RISK FUN (Formerly BOI AXA Corporate Credit Spectrum Fund) An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds) THIS PROUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*: Regular income over short to medium term. Investment in ebt & oney arket instruments such that the acaulay duration of the portfolio is between 1 year - 3 years THIS PROUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*: Long term capital appreciation Investment primarily in corporate debt securities with medium to long term maturities across the credit spectrum within the universe of investment grade rating. oderate o der Hig ately h ly ate der o Low Low h h LOW o der Hig ately h Hig Hig HIGH LOW Investors understand that their principal will be at moderate risk oderate Low ly ate der o Low HIGH Investors understand that their principal will be at moderate risk *Investor should consult their financial advisor if they are not clear about the suitability of the product. Name(s) of the Scheme(s) BOI AXA LIQUI FUN BOI AXA ULTRA SHORT URATION FUN (Formerly BOI AXA Treasury Advantage Fund) Type of Scheme An Open - Ended Liquid Fund An Open Ended ultra-short term debt scheme investing in instruments with acaulay duration of the portfolio between 3 months and 6 months Category of Schemes Liquid Fund Ultra Short uration Fund Scheme Characteristics Investment in ebt and money market securities with maturity of upto 91 days only Investment in ebt & oney arket instruments such that the acaulay duration of the portfolio is between 3 months - 6 months Investment Objective The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns. Further, there is also no assurance that the investment objective of the Schemes will be achieved. Type of Instruments Normal Allocation Risk Profile (High/ (% of Net Assets) edium/ Low) ebt instruments (including Asset Backed 0-100% Low Securities *), oney arket Instuments and floaters having a residual maturity of upto 91 days *Investments in Asset Backed Securities (Securitised debt) will not exceed 20% of the net assets as at the time of purchase. Investment in debt derivatives instruments will be up to 50% of the net assets of the Scheme for the purpose of hedging and portfolio balancing. The Scheme can invest up to 20% of its net assets in Foreign Securities. The Scheme may also engage in Securities Lending. The Scheme shall not deploy more than 20% of its net assets in securities lending and not more than 5% of the net assets in securities lending to any single counterparty. Asset Allocation Pattern of the scheme ifferentiation from existing product The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns. Further, there is also no assurance that the investment objective of the Schemes will be achieved. Type of Instruments Normal Allocation Risk Profile (High/ (% of Net Assets) edium/ Low) Investment in ebt & oney arket instruments 0 to 100% Low- edium such that the acaulay duration* of the portfolio is between 3 months and 6 months *acaulay uration - acaulay duration is the weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price. Investments in Asset Backed Securities (Securitised debt) will not exceed 20% of the net assets as at the time of purchase. Investment in debt derivatives instruments will be up to 50% of the net assets of the Scheme for the purpose of hedging and portfolio balancing. The Scheme can invest up to 20% of its net assets in Foreign Securities. The Scheme may also engage in Securities Lending. The Scheme shall not deploy more than 20% of its net assets in securities lending and not more than 5% of the net assets in securities lending to any single counterparty. BOI AXA Liquid Fund is an open ended liquid scheme which will invest in debt and money BOI AXA Ultra Short uration Fund is an open ended ultra-short term debt scheme investing market instruments with a residual maturity up to 91 days. in instruments such that the acaulay duration of the portfolio between 3 months and 6 months. The scheme will invest in 0 to 100 % of the portfolio in oney arket and ebt Instruments. 1
Name(s) of the Scheme(s) Investment Strategy Risk Profile of the Scheme BOI AXA LIQUI FUN BOI AXA ULTRA SHORT URATION FUN (Formerly BOI AXA Treasury Advantage Fund) The scheme will seek to allocate Scheme corpus to acquire into shorter dated money market and debt instruments, within the Regulations. The Scheme will have an overall conservative approach to credit risk and high emphasis on liquidity. The actual percentage of investment in various money market and other fixed income securities will be decided taking into account the economic environment including interest rates and inflation, the performance of the corporate sector and general liquidity and other considerations in the economy and markets. Please refer point A of section Information Common for Schemes in this KI The scheme will seek to allocate Scheme corpus to acquire into shorter dated money market and debt instruments, within the Regulations. The Scheme will have an overall conservative approach to credit risk and high emphasis on liquidity. The actual percentage of investment in various money market and other fixed income securities will be decided taking into account the economic environment including interest rates and inflation, the performance of the corporate sector and general liquidity and other considerations in the economy and markets. Risk anagement Strategies Please refer point B of section Information Common for Schemes in this KI The Scheme shall offer two plans viz. Regular Plan & irect Plan. Plans and Options Both the above plans have a common portfolio. Under each of the Plans, following Options are available: (a) Growth Option for capital appreciation; (b) ividend Re-investment Option. (aily and Weekly frequency) ; (c) ividend Transfer option (with aily dividend frequency). (d) Unclaimed ividend (up to 3 years) (e) Unclaimed ividend (greater than 3 years) (f) Unclaimed Redemption (up to 3 years) (g) Unclaimed Redemption (greater than 3 years) Note: irect Plan is for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a istributor. irect Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under the irect Plan. Please refer SI for more information on efault plan and options. The Scheme shall offer two plans viz. Regular Plan & irect Plan. Both the above plans have a common portfolio. Under each of the Plans, following Options are available: (a) Growth Option for capital appreciation; (b) ividend Re-investment Option. (aily and Weekly frequency). (c) ividend Transfer option (with aily dividend frequency) Note: irect Plan is for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a istributor. irect Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under the irect Plan. Please refer SI for more information on efault plan and options. Applicable V for ongoing purchase and sale Please refer point C of Information Common for Schemes in this KI inimum Application Amount/ Number of Units For both the plans: Purchase Additional Purchase ` 5,000 and in multiples of ` 1 ` 1,000 and in multiples of ` 1 For Liq-uity Facility: inimum Initial Application Amount- ` 1 Lac Units are of Face Value of ` 1,000/- each. Weekly STP IN OUT inimum Amount ay of Transfer inimum uration No es ` 1,000/- and in multiples Any ay between 6 weeks of ` 100/- thereafter onday to Friday* * If such a day is a Holiday/Non-Business day, then the next Business ay. SWP: inimum Balance inimum Amount Withdrawal Frequency inimum uration in the Scheme Installment N.A ` 1,000/- and in onthly, Quarterly onthly - 6 multiples of ` 100/- Half early & early Quarterly - 4 thereafter Half yearly - 2 Annually - 1 inimum Redemption The minimum amount for redemption shall be ` 1,000/- or equivalent Unit value, or entire account balance whichever is lower. For investors transacting through the Stock Exchange Facility (i.e. the facility for transacting (purchase/ redemption) in the Units of the Scheme through the stock exchange infrastructure, in terms of SEBI Circular No. SEBI / I / CIR No.11/183204/ 2009 dated November 13, 2009 and in accordance with the guidelines specified by the Exchange from time to time), the minimum quantity for redemption must be 100 Units or such other quantity as may be specified by the AC/ Exchange from time to time. If the account balance is less than the minimum number of Units specified, further partial redemption will not be allowed and the entire balance will be redeemed in response to any redemption application received from the investor. Please note that dividend reinvestment options with daily, weekly and monthly will not be accepted through the stock exchange facility. espatch of Repurchase (Redemption) Request The Fund will endeavor to dispatch redemption proceeds within 2 Business ays from the The Fund will endeavor to dispatch redemption proceeds within 3 Business ays from the acceptance of the Redemption request, but not later than 10 working days. acceptance of the Redemption request, but not later than 10 working days. Benchmark Index Crisil Liquid Fund Index ividend Policy Please refer point of section Information Common for Schemes in this KI Name of the Fund anager/ Tenure & Other schemes managed alongwith Tenure r. Piyush Baranwal (Head - Fixed Income) anaging Since July 18, 2016 BOI AXA Ultra Short uration Fund ( Formerly BOI AXA Treasury Advantage Fund) w.e.f. July 18, 2016 BOI AXA Short Term Income Fund ( w.e.f. July 18, 2016) 3. BOI AXA Equity ebt Rebalancer Fund (Co- Fund anager) w.e.f. ecember 1, 2017 4. BOI AXA Capital Protection Oriented Fund - Series 3 to Series 5 (for ebt portion) Name of the Trustee Company BOI AXA Trustee Services Private Limited Performance of the scheme Compounded Annualised Returns% - as on arch 31, 2018 - Regular Plan Returns (> 1 year Annualized & Current Value of Standard Investment < 1 ear Compounded Annualized) of ` 10000 in the Period Scheme Scheme Additional Scheme Scheme Additional (BOI AXA Benchmark Benchmark (BOI AXA Benchmark Benchmark Liquid (CRISIL (CRISIL Liquid (CRISIL (CRISIL Fund Liquid 91 ay Fund Liquid 91 ay Regular Fund T-Bill Regular Fund T-Bill Plan Plan Growth) ^ Growth) 7 ays 171% 110% 6.61% 15 ays 9.00% 7.97% 6.43% Not Applicable 30 ays 8.28% 8.53% 6.82% 1 year 6.81% 6.84% 6.39% 10,681 10,684 10,639 3 years 7.40% 7.33% 6.96% 12,391 12,367 12,240 5 years 8.10% 8.08% 7.66% 14,775 14,763 14,477 Since inception* 7.36% 7.57% 6.64% 19,929 20,322 18,669 For both the plans: Purchase Additional Purchase ` 5,000 and in multiples of ` 1 ` 1,000 and in multiples of ` 1 Investments through SIP inimum Installment Amount inimum uration onthly SIP ` 1,000/- and in multiples of ` 100/6 months thereafter (eg: ` 1,100/-, 1,200/-, 1,300/- etc) For availing Liq-uity Facility the minimum application amount is ` 1 Lakh and in multiples of ` Units are of Face Value of ` 1,000/- each. Weekly STP IN OUT inimum Amount ay of Transfer inimum uration No es ` 1,000/- and in multiples Any ay between 6 weeks of ` 100/- thereafter onday to Friday* * If such a day is a Holiday/Non-Business day, then the next Business ay. SWP: inimum Balance inimum Amount Withdrawal Frequency inimum uration in the Scheme Installment N.A. ` 1,000/- and in onthly, Quarterly onthly - 6 multiples of ` 100/- Half early & early Quarterly - 4 thereafter Half yearly - 2 Annually - 1 inimum Redemption The minimum amount for redemption shall be ` 1,000/- or equivalent Unit value, or entire account balance whichever is lower. For investors transacting through the Stock Exchange Facility (i.e. the facility for transacting (purchase/ redemption) in the Units of the Scheme through the stock exchange infrastructure, in terms of SEBI Circular No. SEBI / I / CIR No.11/183204/ 2009 dated November 13, 2009 and in accordance with the guidelines specified by the Exchange from time to time), the minimum quantity for redemption must be 100 Units or such other quantity as may be specified by the AC/ Exchange from time to time. If the account balance is less than the minimum number of Units specified, further partial redemption will not be allowed and the entire balance will be redeemed in response to any redemption application received from the investor. Please note that dividend reinvestment options with daily, weekly and monthly will not be accepted through the stock exchange facility. CRISIL Liquid Fund Index r. Piyush Baranwal (Head - Fixed Income) anaging Since July 18, 2016 BOI AXA Liquid Fund (w.e.f. July 18, 2016) BOI AXA Short Term Income Fund ( w.e.f. July 18, 2016) 3. BOI AXA Equity ebt Rebalancer Fund (Co- Fund anager) w.e.f. ecember 1, 2017 4. BOI AXA Capital Protection Oriented Fund - Series 3 to Series 5 (for ebt portion) Compounded Annualised Returns% - as on arch 28, 2018 - Regular Plan Returns (Compounded Annualized) Current Value of Standard Investment of ` 10000 in the Period Scheme Scheme Additional Scheme Scheme Additional (BOI AXA Benchmark Benchmark (BOI AXA Benchmark Benchmark Ultra Short (CRISIL (CRISIL 91 Ultra Short (CRISIL (CRISIL 91 uration Liquid ay T-Bill uration Liquid ay T-Bill Fund Fund Fund Fund Regular Regular Plan Plan Growth) ^ Growth) 1 year 7.52% 6.79% 6.33% 10,746 10,673 10,628 3 years 8.50% 7.33% 6.97% 12,766 12,360 12,234 5 years 8.78% 8.09% 7.66% 15,237 14,755 14,470 Since inception* 7.94% 7.57% 6.64% 20,992 20,311 18,659 2
Name(s) of the Scheme(s) BOI AXA ULTRA SHORT URATION FUN (Formerly BOI AXA Treasury Advantage Fund) BOI AXA LIQUI FUN Performance of the scheme Absolute Returns (%) for each financial year for the last 5 years^ 10.00% 9.4% 9.5% 9.5% 9.0% 9.1% 9.0% 8.23% 8.04% 9.00% 8.12% 8.00% 7.27%7.38%7.11%6.81% 6.91%6.84% 7.00% 6.00% 5.00% 4.00% 3.00% 00% 00% 0.00% Financial Financial Financial Financial Financial ear ended ear ended ear ended ear ended ear ended arch arch arch arch arch 31, 2015 31, 2016 31, 2017 31, 2018 31, 2014 BOI AXA Liquid Fund - Regular Plan BOI AXA Liquid Fund - irect Plan Absolute Returns (%) for each financial year for the last 5 years^ 10.00% 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 00% 00% 0.00% 9.4% 9.8% 9.5% 9.0% 9.0% 9.3% 9.19% 9.41% 8.71% 8.97% 8.04% 7.73% 7.11% 7.58% 6.84% Financial ear ended arch 31, 2014 CRISIL Liquid Fund Index Financial ear ended arch 31, 2015 Financial ear ended arch 31, 2016 BOI AXA Ultra Short uration Fund - Regular Plan BOI AXA Ultra Short uration Fund - irect Plan Financial ear ended arch 31, 2017 Financial ear ended arch 31, 2018 CRISIL Liquid Fund Index Compounded Annualised Returns% - as on arch 31, 2018 - irect Plan Returns (> 1 year Annualized & Current Value of Standard Investment < 1 ear Compounded Annualized) of ` 10000 in the Period Scheme Scheme Additional Scheme Scheme Additional (BOI AXA Benchmark Benchmark (BOI AXA Benchmark Benchmark Liquid (CRISIL (CRISIL Liquid (CRISIL (CRISIL Fund Liquid 91 ay Fund Liquid 91 ay irect Fund T-Bill irect Fund T-Bill Plan Plan Growth) ^ Growth) 7 ays 180% 110% 6.61% 15 ays 9.09% 7.97% 6.43% Not Applicable 30 ays 8.37% 8.53% 6.82% 1 year 6.91% 6.84% 6.39% 10,691 10,684 10,639 3 years 7.51% 7.33% 6.96% 12,427 12,367 12,240 5 years 8.21% 8.08% 7.66% 14,850 14,763 14,477 Since inception* 8.23% 8.08% 7.69% 15,152 15,043 14,755 Compounded Annualised Returns% - as on arch 28, 2018 - irect Plan Returns (Compounded Annualized) Current Value of Standard Investment of ` 10000 in the Period Scheme Scheme Additional Scheme Scheme Additional (BOI AXA Benchmark Benchmark (BOI AXA Benchmark Benchmark Ultra Short (CRISIL (CRISIL 91 Ultra Short (CRISIL (CRISIL 91 uration Liquid ay T-Bill uration Liquid ay T-Bill Fund Fund Fund Fund irect irect Plan Plan Growth) ^ Growth) 1 year 7.67% 6.79% 6.33% 10,760 10,673 10,628 3 years 8.71% 7.33% 6.97% 12,840 12,360 12,234 5 years 9.05% 8.09% 7.66% 15,422 14,755 14,470 Since inception* 9.06% 8.09% 7.69% 15,745 15,025 14,737 4.14 84 Scheme Information as on arch 31, 2018 Assets Under anagement (as at arch 31, 2018): ` 604.12 crores No. of Folios (as at arch 31, 2018): 2,608 Assets Under anagement (as at arch 31, 2018): ` 1,015.69 crores No. of Folios (as at arch 31, 2018): 3,274 Expenses of the Scheme Load Structure Load Structure Schemes Top 10 Portfolio Holdings Scheme Portfolio turnover ratios as on arch 31, 2018 *Since inception returns taken from date of allotment - July 16, 2008 (Regular Plan) *For irect Plan - 03.02013 Note: For the purpose of calculating the performance, the inception date is considered to be *Since inception returns taken from date of allotment - July 16, 2008 (Regular Plan) the date of release of first V of the Scheme. The Returns shown are for the Growth *For irect Plan - 312012 Options. Performance of the ividend Plan for the investor would be net of the dividend Note: For the purpose of calculating the performance, the inception date is considered to be distribution tax, as applicable. the date of release of first V of the Scheme. The Returns shown are for the Growth ^Past performance may or may not be sustained in future. Options. Performance of the ividend Plan for the investor would be net of the dividend distribution tax, as applicable. ^Past performance may or may not be sustained in future. Please refer page no. 4 for information on "Schemes top 10 Holdings" in this KI. Further please visit http://www.boiaxamf.com/investor-corner#t2 for details on monthly portfolio holding. Entry Load Nil (Refer # below) Exit Load - Nil #Note: In terms of SEBI circular no. SEBI/I/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AFI registered istributors based on the investors assessment of various factors including the service rendered by the distributor. Recurring expenses First ` 100 crores of the average daily net assets : 25% Next ` 300 crores of the average daily net assets : 00% Next ` 300 crores of the average daily net assets : 75% Balance : 50% Actual expenses for Regular Plan: 0.18% (Excluding GST on AC Fees) the previous financial irect Plan: 0.10% (Excluding GST on AC Fees) year: (2017-18) Unclaimed: 0.49% irect Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under the irect Plan. Please refer point E of section Information Common for Schemes in this KI Entry Load - Nil (Refer # below) Exit Load - Nil #Note: In terms of SEBI circular no. SEBI/I/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AFI registered istributors based on the investors assessment of various factors including the service rendered by the distributor. Recurring expenses First ` 100 crores of the average daily net assets : 25% Next ` 300 crores of the average daily net assets : 00% Next ` 300 crores of the average daily net assets : 75% Balance : 50% Actual expenses for Regular Plan: 0.56% (Excluding GST on AC Fees) the previous financial irect Plan: 0.45% (Excluding GST on AC Fees) year: (2017-18) irect Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under the irect Plan. Please refer point E of section Information Common for Schemes in this KI Please also refer to "Tax treatment for the investors" and "Information Common for Scheme" on Page 6. Name(s) of the Scheme(s) BOI AXA SHORT TER INCOE FUN BOI AXA CREIT RISK FUN (Formerly BOI AXA Corporate Credit Spectrum Fund) Type of Scheme An open ended short term debt scheme investing in instruments with acaulay duration of An open ended debt scheme predominantly investing in AA and below rated corporate the portfolio between 1 year and 3 years bonds (excluding AA+ rated corporate bonds). Category of Schemes Short uration Fund Scheme Characteristics Investment in ebt & oney arket instruments such that the acaulay duration of the inimum investment in corporate bonds - 65% of total assets (only in AA* and below rated portfolio is between 1 year - 3 years corporate bonds) * excludes AA+ rated corporate bonds Investment Objective The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized. The Scheme s investment objective is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating. To achieve this objective, the Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies. Asset Allocation Pattern of the scheme Type of Instruments Type of Instruments Credit Risk Fund Normal Allocation Risk Profile (High/ (% of Net Assets) edium/ Low) 0% to 100% Low to edium Investment in ebt & oney arket instruments such that the acaulay duration* of the portfolio is between 1 year - 3 years *acaulay uration - acaulay duration is the weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price. Investments in Asset Backed Securities (Securitised debt) will not exceed 20% of the net assets as at the time of Purchase. Investment in debt derivatives instruments may be up to 50% of the net assets of the Scheme for the purpose of hedging and portfolio balancing The Scheme can invest up to 20% of its net assets in Foreign Securities. The Scheme may also engage in Securities Lending. The Scheme shall not deploy more than 20% of its net assets in securities lending and not more than 5% of the net assets in securities lending to any single counterparty. Indicative Allocation Risk Profile (High/ (% of total assets) edium/ Low) (inimum - aximum) Corporate ebt# (including securitized debt**) 65% to 100% edium to High oney market instruments 0% to 35% Low #inimum investment in corporate bonds 65% of total assets (only in AA* and below rated corporate bonds) * excludes AA+ rated corporate bonds **Investments in securitised debt, will not exceed 50% of the net assets of the Scheme as at the time of Purchase Corporate ebt includes: Non-convertible debentures; Bonds; 3. Secured premium notes; 4. Zero interest bonds; 5. eep discount bonds; 6. Floating rate bond / notes; 7. Securitised debt; 8. Pass through certificates; 9. Asset backed securities; 10. ortgage backed securities; 1 Any other domestic fixed income securities including structured obligations etc oney arket Instruments include: Commercial papers; Commercial bills; 3. Collaterlised Borrowing & Lending Obligation (CBLO); 4. Certificate of deposit; 5. Usance bills; 6. Permitted securities under a repo / reverse repo agreement; 7. Treasury Bills; 8. Any other like instruments as may be permitted by RBI / SEBI for liquidity requirements from time to time. Sectors in which the scheme shall not invest: Engage in stock lending and borrowing. Short selling 3. Invest in dated Government Securities, and 4. Invest in State evelopment Loans. 3
Name(s) of the Scheme(s) BOI AXA SHORT TER INCOE FUN BOI AXA CREIT RISK FUN (Formerly BOI AXA Corporate Credit Spectrum Fund) ifferentiation from existing product BOI AXA Short Term Income Fund is an open ended short term debt scheme investing in BOI AXA Credit Risk Fund is an open ended debt scheme predominantly investing in AA and instruments such that acaulay duration of the portfolio is between 1 year and 3 years. below rated corporate bonds (excluding AA+ rated corporate bonds). Investment Strategy The scheme will seek to allocate Scheme corpus to acquire into shorter dated money market and debt instruments, within the Regulations. The Scheme will have an overall conservative approach to credit risk and high emphasis on liquidity. The actual percentage of investment in various money market and other fixed income securities will be decided taking into account the economic environment including interest rates and inflation, the performance of the corporate sector and general liquidity and other considerations in the economy and markets. Risk Profile of the Scheme Please refer point A of section Information Common for Schemes in this KI Risk anagement Strategies Please refer point B of section Information Common for Schemes in this KI The Scheme shall offer two plans viz. Regular Plan & irect Plan. Plans and Options Both the above plans have a common portfolio. Under each of the Plans, following Options are available: Growth Option for capital appreciation ividend Re-investment Option for regular income - (with monthly and quarterly frequency of dividend re-investment) ividend Pay-out Option for regular income (with monthly and quarterly frequency of dividend pay-out) Note: irect Plan is for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a istributor. irect Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under the irect Plan. Please refer SI for more information on efault plan and options. The Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies. The Scheme will also invest in the debt instruments where the fund manager believes that the capital structure needs or where broader market dislocation has created an opportunity to generate superior risk adjusted returns. The Scheme may also invest in debt instruments of companies requiring structured debt solutions where the fund manager believes investment in debt securities of such companies provides attractive opportunities and meets specific financing need of the issuer. Typically such transactions are privately originated investments that provide debt capital directly to companies in need of financing generally unobtainable through the broader capital markets. In this regard, the AC may appoint a service provider to source such deals for the Fund that are in alignment with the investment objectives of the Fund. Such service provider may charge fees in accordance with the terms of the agreement entered into by it. However, the final decision-making power vests with the Fund anager of the Fund and any decision in relation to the deals sourced by such service provider will be strictly in accordance with the process for investment decision as set out in this section hereinabove. Plans / Options The Scheme offers following Plans: irect Plan Regular Plan Both Plans have a common portfolio Note: irect Plan is for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a istributor. irect Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under the irect Plan. Please refer SI for more information on efault plan. Applicable V for ongoing purchase and sale Please refer point C of Information Common for Schemes in this KI inimum Application Amount/ Number of Units Applications under the Scheme for Purchases and Additional Purchases shall be made for minimum amount of and in multiples of: Purchase Additional Purchase ` 5,000 and in multiples of ` 1 ` 1,000 and in multiples of ` 1 Units are of Face Value of ` 10/- each. Investments through SIP/ STP inimum Installment Amount inimum uration onthly SIP/ STP ` 1,000/- and in multiples of ` 100/6 months thereafter (eg: ` 1,100/-, 1,200/-, 1,300/- etc) Weekly STP IN OUT inimum Amount ay of Transfer inimum uration es No ` 1,000/- and in multiples Any ay between 6 weeks of ` 100/- thereafter onday to Friday* * If such a day is a Holiday/Non-Business day, then the next Business ay. SWP: inimum Balance inimum Amount Withdrawal Frequency inimum uration in the Scheme Installment ` 25,000/` 500/- and in onthly, Quarterly onthly - 6 multiples of ` 1/Half early & early Quarterly - 4 thereafter Half yearly - 2 Annually - 1 inimum Redemption The minimum amount for redemption shall be ` 1,000/- or equivalent Unit value, or entire account balance whichever is lower. For investors transacting through the Stock Exchange Facility (i.e. the facility for transacting (purchase/ redemption) in the Units of the Scheme through the stock exchange infrastructure, in terms of SEBI Circular No. SEBI / I / CIR No.11/183204/ 2009 dated November 13, 2009 and in accordance with the guidelines specified by the Exchange from time to time), the minimum quantity for redemption must be 100 Units or such other quantity as may be specified by the AC/ Exchange from time to time. If the account balance is less than the minimum number of Units specified, further partial redemption will not be allowed and the entire balance will be redeemed in response to any redemption application received from the investor. Please note that dividend reinvestment options with daily, weekly and monthly will not be accepted through the stock exchange facility. Applications under the Scheme for both plans shall be made for minimum amount of and in multiples of: Purchase Additional Purchase ` 5,000 and in multiples of ` 5,000 ` 5,000 and in multiples of ` 5,000 Units are of Face Value of ` 10/- each. inimum Redemption The minimum amount for redemption shall be ` 1,000/- or equivalent Unit value, or entire account balance whichever is lower. For investors transacting through the Stock Exchange Facility (i.e. the facility for transacting (purchase/ redemption) in the Units of the Scheme through the stock exchange infrastructure, in terms of SEBI Circular No. SEBI / I / CIR No.11/183204/ 2009 dated November 13, 2009 and in accordance with the guidelines specified by the Exchange from time to time), the minimum quantity for redemption must be 100 Units or such other quantity as may be specified by the AC/ Exchange from time to time. If the account balance is less than the minimum number of Units specified, further partial redemption will not be allowed and the entire balance will be redeemed in response to any redemption application received from the investor. Please note that dividend reinvestment options with daily, weekly and monthly will not be accepted through the stock exchange facility. espatch of Repurchase (Redemption) Request The Fund will endeavor to dispatch redemption proceeds within 3 Business ays from the acceptance of the Redemption request, but not later than 10 working days. Within 10 working days of the receipt of the redemption request at the authorised centre of BOI AXA utual Fund Benchmark Index CRISIL Short Term Bond Fund Index ividend Policy Please refer point of section Information Common for Schemes in this KI Name of the Fund anager/ Tenure & Other schemes managed alongwith Tenure r. Piyush Baranwal (Head - Fixed Income) anaging Since July 18, 2016 BOI AXA Liquid Fund ( w.e.f. July 18, 2016) BOI AXA Ultra Short uration Fund (Formerly BOI AXA Treasury Advantage Fund ) w.e.f. July 18, 2016 3. BOI AXA Equity ebt Rebalancer Fund (Co- Fund anager) w.e.f. ecember 1, 2017 4. BOI AXA Capital Protection Oriented Fund - Series 3 to Series 5 (for ebt portion) CRISIL Short Term Bond Fund Index r. Alok Singh (Chief Investment Officer) anaging Since February 27, 2015 BOI AXA Large & id Cap Equity Fund (Formerly BOI AXA Equity Fund) w.e.f. February 16, 2017 BOI AXA Conservative Hybrid Fund (Formerly BOI AXA Regular Return Fund) w.e.f. ay 21, 2012 3. BOI AXA id & Small Cap Equity & ebt Fund (Formerly BOI AXA id Cap Equity & ebt Fund) w.e.f. February 16, 2017 4. BOI AXA anufacturing & Infrastructure Fund w.e.f. February 16, 2017 Name of the Trustee Company BOI AXA Trustee Services Private Limited 4
Name(s) of the Scheme(s) Performance of the scheme BOI AXA CREIT RISK FUN (Formerly BOI AXA Corporate Credit Spectrum Fund) BOI AXA SHORT TER INCOE FUN Compounded Annualised Returns% - as on arch 28, 2018 - Regular Plan Returns (Compounded Annualized) Current Value of Standard Investment of ` 10000 in the Period Scheme Scheme Additional Scheme Scheme Additional (BOI AXA Benchmark Benchmark (BOI AXA Benchmark Benchmark Short Term (CRISIL (CRISIL Short Term (CRISIL (CRISIL Income Short Term 1 ear Income Short Term 1 ear Fund Bond Fund T-Bill Fund - Bond Fund T-Bill irect Regular Plan Plan Growth)^ Growth) 1 year 5.89% 6.11% 5.87% 10,584 10,606 10,582 3 years 8.12% 7.90% 6.91% 12,632 12,558 12,217 5 years 8.22% 8.56% 7.05% 14,850 15,082 14,060 Since inception* 7.14% 7.94% 6.27% 18,968 20,327 17,582 Absolute Returns (%) for each financial year for the last 5 years^ 100% 10.00% 8.00% 6.00% 10.66% 10.6% 10.3% 9.82% 9.66% 9.5% 9.10% 8.76% 8.8% 8.3% 8.44% 7.3% 6.81% 6.17% 5.95% Compounded Annualised Returns% - as on arch 28, 2018 - Regular Plan Returns (Compounded Annualized) Current Value of Standard Investment of ` 10000 in the Period Scheme Scheme Additional Scheme Scheme Additional (BOI AXA Benchmark Benchmark (BOI AXA Benchmark Benchmark Credit (CRISIL (N.A.) Credit (CRISIL (N.A.) Risk Composite Risk Composite Fund - Bond Fund Fund - Bond Fund Regular Regular Plan) ^ Plan) 1 year 8.89% 5.06% 10,882 10,501 3 years 9.88% 8.12% 13,259 12,632 5 years Since inception* 9.82% 8.11% 13,349 12,721 14.00% 100% 10.00% Absolute Returns (%) for each financial year for the last 3 years^ 13% 15% 11% 9.3% 9.5% 8.89% 9.02% 8.2% 8.00% 5.11% 6.00% 4.00% 4.00% 00% 00% 0.00% 0.00% Financial ear ended arch 31, 2014 Financial ear ended arch 31, 2015 Financial ear ended arch 31, 2016 BOI AXA Short Term Income Fund - Regular Plan BOI AXA Short Term Income Fund - irect Plan Financial ear ended arch 31, 2017 Financial ear ended arch 31, 2018 Financial ear ended arch 31, 2016 CRISIL Short Term Bond Fund Index Financial ear ended arch 31, 2017 BOI AXA Credit Risk Fund - Regular Plan BOI AXA Credit Risk Fund - irect Plan Financial ear ended arch 31, 2018 CRISIL Short Term Bond Fund Index Compounded Annualised Returns% - as on arch 28, 2018 - irect Plan Returns (Compounded Annualized) Current Value of Standard Investment of ` 10000 in the Period Scheme Scheme Additional Scheme Scheme Additional (BOI AXA Benchmark Benchmark (BOI AXA Benchmark Benchmark Short Term (CRISIL (CRISIL Short Term (CRISIL (CRISIL Income Short Term 1 ear Income Short Term 1 ear Fund Bond Fund T-Bill Fund - Bond Fund T-Bill irect Regular Plan Plan Growth)^ Growth) 1 year 6.75% 6.11% 5.87% 10,669 10,606 10,582 3 years 9.09% 7.90% 6.91% 12,977 12,558 12,217 5 years 9.22% 8.56% 7.05% 15,549 15,082 14,060 Since inception* 9.21% 8.54% 7.10% 15,863 15,357 14,324 Compounded Annualised Returns% - as on arch 28, 2018 - irect Plan Returns (Compounded Annualized) Current Value of Standard Investment of ` 10000 in the Period Scheme Scheme Additional Scheme Scheme Additional (BOI AXA Benchmark Benchmark (BOI AXA Benchmark Benchmark Credit (CRISIL (N.A.) Credit (CRISIL (N.A.) Risk Composite Risk Composite Fund - Bond Fund Fund - Bond Fund irect irect Plan) ^ Plan) 1 year 9.03% 5.06% 10,895 10,501 3 years 10.01% 8.12% 13,307 12,632 5 years Since inception* 9.95% 8.11% 13,400 12,721 *Since inception returns taken from date of allotment - ecember 18, 2008 (Regular Plan) *For irect Plan - 03.02013 Note: For the purpose of calculating the performance, the inception date is considered to be the date of release of first V of the Scheme. The Returns shown are for the Growth Options. Performance of the ividend Plan for the investor would be net of the dividend distribution tax, as applicable. ^Past performance may or may not be sustained in future. *Inception date - date of allotment i.e. 27-2-2015 (Regular Plan) *For irect Plan - 27.02015 Note: for the purpose of calculating the performance the inception date is considered to be the date of release of first V of the Scheme. The Returns shown are for the Growth Option. Performance of the dividend plan for the investor would be net of the dividend distribution tax, as applicable. ^Past performance may or may not be sustained in future. Schemes Top 10 Portfolio Holdings Scheme Portfolio turnover ratios as on arch 31, 2018 Please refer page no. 4 for information on "Schemes top 10 Holdings" in this KI. Further please visit http://www.boiaxamf.com/investor-corner#t2 for details on monthly portfolio holding. 69 34 Scheme Information as on arch 31, 2018 Assets Under anagement (as at arch 31, 2018): ` 260.32 crores No. of Folios (as at arch 31, 2018): 3,425 Assets Under anagement (as at arch 31, 2018): ` 1,539.21 crores No. of Folios (as at arch 31, 2018): 2,336 Expenses of the Scheme Load Structure Load Structure Entry Load - Nil (Refer # below) Exit Load - Nil #Note: In terms of SEBI circular no. SEBI/I/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AFI registered istributors based on the investors assessment of various factors including the service rendered by the distributor. Recurring expenses First ` 100 crores of the average daily net assets : 25% Next ` 300 crores of the average daily net assets : 00% Next ` 300 crores of the average daily net assets : 75% Balance : 50% Actual expenses for Regular Plan - 22% (Excluding GST on AC Fees) the previous financial irect Plan: 0.51% (Excluding GST on AC Fees) year: (2017-18) irect Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under the irect Plan. Please refer point E of section Information Common for Schemes in this KI Entry Load - Nil (Refer # below) Exit Load - 4% if redeemed within 12 months from the date of allotment 3% if redeemed after 12 months but within 24 months from the date of allotment 2% if redeemed after 24 months but within 36 months from the date of allotment Nil if redeemed after 36 months from the date of allotment #Note: In terms of SEBI circular no. SEBI/I/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. The upfront commission, if any, on investment made by the investor shall be paid by the investor directly to the istributor, based on his assessment of various factors including the service rendered by the istributor. Exit load charged, if any, by the AC/utual Fund to the unitholder shall be credited to the respective scheme immediately, net of GST, if any Recurring expenses First ` 100 crores of the average daily net assets : 25% Next ` 300 crores of the average daily net assets : 00% Next ` 300 crores of the average daily net assets : 75% Balance : 50% Actual expenses for Regular Plan :85% (Excluding GST on AC Fees) the previous financial irect Plan: 75% (Excluding GST on AC Fees) year: (2017-18) irect Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under the irect Plan. Please refer point E of section Information Common for Schemes in this KI Please also refer to "Tax treatment for the investors" and "Information Common for Scheme" on Page 6. 5
Schemes Top 10 Portfolio Holdings BOI AXA Liquid Fund - Top Ten Holdings as on arch 31, 2018 Issuer Housing evelopment Finance Corporation Limited IL&FS Financial Services Limited Shriram Transport Finance Company Limited Shapoorji Pallonji and Company Pvt Limited Bandhan Bank Limited Ujjivan Small Finance Bank Limited S.. Corporation Pvt Limited Sterling and Wilson Pvt Limited Government of India Forbes & Company Limited % to V 19.05% 16.29% 15.52% 128% 8.28% 8.28% 8.14% 4.09% 46% 63% Sector^ Financial Services Construction Services Cash & Equivalents Sovereign Industrial anufacturing Total Weightage % 68.73% 20.42% 4.09% 67% 46% 63% 100.00% % to V 8.82% 7.61% 7.28% 6.89% 6.79% 6.25% 4.87% 4.85% 4.43% 4.42% Sector^ Financial Services Construction Telecom Pharma Services Cash & Equivalents Consumer Goods Total Weightage % 57.43% 110% 8.82% 6.89% 6.86% 5.73% 3.17% 100.00% % to V 13.37% 152% 140% 9.51% 7.83% 7.61% 6.15% 6.14% 5.71% 4.89% Sector^ Financial Services Industrial anufacturing Services Pharma Sovereign Cash & Equivalents Consumer Goods Total Weightage % 57.81% 13.37% 152% 6.14% 4.38% 3.48% 3.30% 100.00% % to V 9.28% 8.98% 7.48% 6.04% 5.70% 5.01% 4.87% 4.73% 4.33% 4.00% Sector^ Financial Services Healthcare Services Services Industrial anufacturing Consumer Goods Cash & Equivalents Pharma IT Cement & Cement Products Total Weightage % 38.87% 13.71% 197% 158% 10.62% 7.21% 94% 54% 0.56% 100.00% BOI AXA Ultra Short uration Fund - Top Ten Holdings as on arch 31, 2018 Issuer Reliance Jio Infocomm Limited ewan Housing Finance Corporation Limited Kotak ahindra Bank Limited Piramal Enterprises Limited Wadhawan Global Capital Pvt Limited Shapoorji Pallonji and Company Pvt Limited ICICI Bank Limited S.. Corporation Pvt Limited Cox & Kings Limited Cholamandalam Investment and Finance Company Limited BOI AXA Short Term Income Fund - Top Ten Holdings as on arch 31, 2018 Issuer Sintex-BAPL Limited Cox & Kings Limited ewan Housing Finance Corporation Limited Axis Bank Limited Power Finance Corporation Limited Aadhar Housing Finance Limited Piramal Finance Limited Piramal Enterprises Limited ICICI Bank Limited es Bank Limited BOI AXA Credit Risk Fund - Top Ten Holdings as on arch 31, 2018 Issuer Sintex-BAPL Limited Karuna Healthcare Private Limited ewan Housing Finance Corporation Limited ECL Finance Limited Accelarating Education and evelopment Private. Limited Punjab National Bank Northern Arc Capital Limited Halcyon Finance and Capital Advisors pvt Limited Coffee ay Natural Resources Private Limited Kwality Limited ^Industry Classification as recommended by AFI. Further please visit http://www.boiaxamf.com/investor-corner#t2 for details on monthly portfolio holding. Tax treatment for the Investors (Unitholders) 1 Tax rates for equity-oriented fund under Income Tax Act, 1961 (Amended by Finance Act, 2018): Particulars Resident Investor utual Fund ividend Nil2 Nil3 4 6 Long-term capital gains 10% Nil3 5 Short-term capital gains 15% Nil3 Business income Normal rate of taxes applicable to investor Nil3 The schemes will attract securities transaction tax (STT) at applicable rates. Under section 10(35) of the Income-tax Act, 1961 ( Act ) 3. Under section 10(23) of the Act. Further, income distributed by an equity oriented fund is chargeable to income distribution tax under section 115R of the Act. 4. Units of mutual fund are treated as a long-term capital asset if they are held for a period of more than 12 months preceding the date of transfer. 5. Units of mutual fund are treated as a short-term capital asset if they are held for a period of 12 months or less preceding the date of transfer. 6. Tax at the rate of 10% shall be levied only where long term capital gains exceeding INR 100,000 on sale of units of equity oriented fund on recognized stock exchange on which STT is chargeable Tax rates for schemes other than equity-oriented fund under Income Tax Act, 1961 (Amended by Finance Act, 2018): Particulars Resident Investor utual Fund ividend Nil1 Nil2 Long-term capital gains3 20% (with indexation benefit) Nil2 Short-term capital gains4 Normal rate of taxes applicable to investor Nil2 Business income Normal rate of taxes applicable to investor Nil2 Under section 10(35) of the Act. Under section 10(23) of the Act. However, income distributed by a mutual fund would be chargeable to income distribution tax under section 115R of the Act. 3. Units of a mutual fund are treated as a long-term capital asset if they are held for a period of more than to 36 months preceding the date of transfer. 4. Units of a mutual fund are treated as a short-term capital asset if they are held for a period 36 months or less preceding the date of transfer. General Notes: The tax rate would be increased by a surcharge of: a) 7% - in case of domestic corporate unit holders, where the total income exceeds ` 10,000,000 but does not exceed ` 100,000,000 b) 12% in case of domestic corporate unit holders where the total income exceeds ` 100,000,000 c) 12%- in case of firms/co-operative society where the total income exceeds ` 10,000,000 d) 10%- in case of individuals, HUF, AOP and BOI where the total income exceeds ` 5,000,000 but does not exceed ` 10,000,000 e) 15%- in case of individuals, HUF, AOP and BOI where the total income exceeds ` 10,000,000 Further, an additional tax of 4% by way of Health and Education Cess would be charged on amount of tax inclusive of surcharge for all unit holders. An equity oriented fund has been defined as: a) In case where the fund invests a minimum of 90% of the total proceeds in units of another fund, which is traded on recognized stock exchange, and such other fund also invests a minimum of 90% of its total proceeds in the equity shares of domestic companies listed on a recognized stock exchange; and b) In any other case, a minimum of 65 per cent of the total proceeds of such fund is invested in the equity shares of domestic companies listed on a recognized stock exchange. The percentage of equity shareholding of the fund shall be computed with reference to the annual average of the monthly averages of the opening and closing figures. 3. ividend Stripping: The loss due to sale of units in the schemes (where dividend is tax free) will not be available for set off to the extent of tax free dividend declared; if units are (A) bought within three months prior to the record date fixed for dividend declaration; and (B) sold within nine months after the record date fixed for dividend declaration The above is intended as a general guide only and does not necessarily describe the tax consequences for all types of investors in the Scheme and no reliance, therefore, should be placed upon them. Each investor is advised to consult his or her own tax consultant with respect to the specific tax implications. 6