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This Is A 4-Star Rated ELSS Fund, By Value Research: Fund Details, Should You Invest in 2022?

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Renowned research firm, Value Research has rated the BOI AXA Tax Advantage Fund, 4-star, considering its returns and portfolio. An ELSS fund, or tax savings fund will usually have a minimum lock-in period of 3 years, but an investor can also keep the money for more than the minimum lock-in period.

 

Average return in 3 years and 5 years

Average return in 3 years and 5 years

The BOI AXA Tax Advantage Fund is one of the best ELSS Fund, considering its assets and 3 years and 5 years returns, compared to other similar funds. The BOI AXA Tax Advantage Fund's average returns in the last 3 years is 27.64%, and the fund's average returns in the last 5 years is 21.75%. Compared to other ELSS funds will be important for an investor. Another highly rated ELSS Fund, the Mirae Asset Tax Saver Fund's average returns in the last 3 years is 23.05%, and the fund's average returns in the last 5 years is 21.88%.

When an investor is searching for the best ELSS funds to invest in, he/she should always consider the minimum 3 years average returns and the Expense Ratio of the fund.

3 years return calculation
 

3 years return calculation

Launched on February 25, 2009, the fund's returns have been lucrative for investors. According to Value Research, for the BOI AXA Tax Advantage Fund, an investment of Rs. 1 Lakh has grown to Rs. 2.08 Lakh, and an investment of Rs. 10000 Monthly SIP has grown to Rs. 5.97 Lakh, in last 3 years.

The research firm also said, that an investment of Rs. 1 Lakh has grown to Rs. 2.67 Lakh, and an investment of Rs. 10000 Monthly SIP has grown to Rs. 10.85 Lakh, in last 5 years.

Asset Allocations

Asset Allocations

The BOI AXA Tax Advantage Fund's assets have been Rs. 519 Core, as of October 31, 2021. Asset allocation for any fund will mean how much money the fund manager is utilizing in particular sectors like equity, cash and cash equivalent, and debt. In the case of the BOI AXA Tax Advantage Fund, 98.0% is invested in the equity sector and the rest of 1.9% is being invested in the cash and cash equivalent sector.

Expense Ratio (ER)

Expense Ratio (ER)

However, the fund's Expense Ratio (ER) is 2.54%. AN ER is how much of a fund's assets are being used for administrative and other operating expenses. The BOI AXA Tax Advantage Fund, is quoted higher than other funds that come in the same portfolio. The Mirae Asset Tax Saver Fund's ER is 1.70%, which is also important for investors to consider.

However, considering the average return of this ELSS fund, it can be a good investment option for 2022.

(Also read: Buy This Banking Stock For +16% Return, In 6 Months: HDFC Securities)

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