Equity
|
ELSS
|
Growth
ISIN NO. - INF761K01EL6
LAUNCH DATE - 19-Oct-2018
Returns (CAGR)
1 yr. 12.57
3 yr. 22.33
5 yr. 18.91
Since Inception 16.1%
Risk Category
Very High
27-Oct-2023
23.65
Fund size:
30.4226 Cr
Exit Load:
Nil
Expense Ratio:
1.33%
Fund House:
BOI AXA Mutual Fund
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Min. Lump sum Investment ₹500
Min. SIP Investment 0
CATEGORY AVERAGE 1 yr. NA 3 yr. 4.4%
Balloon Payment
(Interest only)
Pay monthly installments towards interest only. Settle the principal at the end of tenure.
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. ;
With a Loan against Mutual Fund, you offer your MF units as collateral for the loan. The lender holds the Mutual Fund units as a security till you repay the loan amount. Your Mutual Funds will continue to earn returns, but you cannot sell them while you have pledged them to the lender.
You may borrow up to 50% of the value of your equity mutual fund schemes in your portfolio. The value of your mutual fund scheme is derived by multiplying the number of units by the scheme's NAV. The total value of all equity mutual fund schemes will be used to calculate your portfolio value.
Higher Loan Amount: DhanLAP allows you to avail a higher loan amount compared to regular LAMF products, enabling you to meet substantial financial requirements.
Longer Repayment Tenure: You can choose a longer repayment tenure for DhanLAP, giving you more flexibility in managing your loan repayments.
Customized Loan Structures: DhanLAP offers customized loan structures tailored to your financial goals and requirements, providing you with greater control over the loan terms.
Fully End-to-end Digital Process: The documentation process for DhanLAP is fully digital and hassle-free, ensuring a smoother loan application experience.
Avoid Disruption to Investment Strategy: Loan Against Your Bank of India Midcap Tax Fund Series 2 Direct Growth with DhanLAP allows you to avoid disrupting your investment strategy and long-term financial goals. Instead of selling or redeeming your mutual fund units, you can leverage them as collateral for a loan and continue to benefit from potential market growth.
Cost-Effective Solution: DhanLAP offers competitive interest rates, making it a cost-effective solution compared to traditional loan options. By opting for a Loan against Your Bank of India Midcap Tax Fund Series 2 Direct Growth units with DhanLAP, you can access funds while minimizing the impact on your finances.
Quick Access to Funds: With DhanLAP, you can enjoy quick and convenient access to funds. The loan approval and disbursal process is efficient, allowing you to meet your financial needs promptly.
Flexibility in Loan Utilization: The loan amount obtained through DhanLAP can be used for a wide range of purposes, including home renovation, education expenses, medical emergencies, debt consolidation, or any other financial requirements you may have. You have the freedom to utilize the funds as per your specific needs.
Convenient Repayment Options: DhanLAP provides flexible repayment options tailored to your financial circumstances. You can choose from various repayment tenures and select a repayment plan that suits your cash flow and repayment capabilities.
Simple and Transparent Process: DhanLAP ensures a simplified and transparent loan process. The documentation requirements are clear, and the loan terms and conditions are communicated upfront, providing you with clarity and peace of mind.
By choosing Loan Against Bank of India Midcap Tax Fund Series 2 Direct Growth with DhanLAP, you can unlock the value of your investments without liquidating them, enabling you to meet your financial goals while preserving your long-term wealth creation potential.
Fund Name
3Y Returns
Loan Against Bank of India Bluechip Fund Direct Growth
Loan Against Bank of India Bluechip Fund Direct IDCW
Loan Against Bank of India Credit Risk Fund Direct Growth
41.39
Loan Against Bank of India Small Cap Fund Direct IDCW
37.46
Loan Against Bank of India Small Cap Fund Direct Growth
37.46
Loan Against Bank of India Manufacturing & Infrastructure Direct Growth
33.02
Loan Against Bank of India Manufacturing & Infrastructure Direct IDCW Quarterly
33.02
Loan Against Bank of India Flexi Cap Fund Direct Growth
27.32
Loan Against Bank of India Flexi Cap Fund Direct IDCW
27.32
Loan Against Bank of India Mid & Small Cap Equity & Debt Fund Direct IDCW
26.56
Loan Against Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth
26.56
Loan Against Bank of India Tax Advantage Direct Growth
23.63
Loan Against Bank of India Tax Advantage Direct IDCW
23.63
Loan Against Bank of India Midcap Tax Fund Series 1 Direct Growth
22.94
Loan Against Bank of India Midcap Tax Fund Series 2 Direct Growth
22.33
Loan Against Bank of India Large & Mid Cap Equity Fund Direct Growth
21.6
Loan Against Bank of India Large & Mid Cap Equity Fund Direct Bonus
21.6
Loan Against Bank of India Conservative Hybrid Fund Direct IDCW Quarterly
13.49
Loan Against Bank of India Conservative Hybrid Fund Direct Growth
13.49
Loan Against Bank of India Short Term Income Fund Direct IDCW Quarterly
11.61
Loan Against Bank of India Short Term Income Fund Direct Growth
11.61
Loan Against Bank of India Balanced Advantage Fund Direct Growth
11.4
Loan Against Bank of India Balanced Advantage Fund Direct IDCW
11.4
Loan Against Bank of India Liquid Fund Direct IDCW Daily
4.88
Loan Against Bank of India Liquid Fund Direct IDCW Weekly
4.88
Loan Against Bank of India Overnight Fund Direct IDCW Weekly
4.71
Loan Against Bank of India Overnight Fund Direct Growth
4.71
Loan Against Bank of India Ultra Short Duration Fund Direct Bonus
4.69
Loan Against Bank of India Ultra Short Duration Fund Direct Growth
4.69
Loan Against Bank of India Arbitrage Fund Direct IDCW Monthly
4.1
Loan Against Bank of India Arbitrage Fund Direct Growth
4.1
