Factsheet July 2012 - boiaxamf.in

Facts Monthly fund, analysis and market reviews

Figures in

July 2012

We are now

We are turning a new leaf.We are turning a new leaf.

Post a strong rally in the previous month , the Indian benchmark indices ended July down ~1% on the back of global

risk-off sentiments and domestic woes.The Foreign Institutional Investors (FIIs) continued to be net buyers with an

inflow of ~$2.06 Bn during the month. Domestic institutions, on the other hand, were net sellers during the month

with outflows worth US$ 952 Mn during July.

In it’s recent credit policy, the Reserve

Bank of India (RBI) decreased the

Statutory Liquidity Ratio (SLR) was

cut from 24% to 23% as a liquidity easing measure. However,

the RBI left policy rates unchanged. With inflation remaining the

key priority and all inflation indices way above the RBI's comfort

zone of 4-5%, the RBI left all rates unchanged (repo at 8%;

reverse repo at 7% and CRR at 4.75%). The RBI has raised its

inflation estimate from 6.5% to 7% and lowered its FY13 GDP

estimates from 7.3% to 6.5% factoring in risks such as lower global growth, sub-par monsoons and slowdown in services, the risks highlighted

seem more likely to materialize.

June WPI was lower at 7.3% vis-à-vis the 7.6% number in May.

Though this was lower than consensus expectations, the recent

spate of prior data revisions has caused market reaction to the

data being somewhat tepid. The manufactured non-food

component at 4.9%, was slightly lower than the May print (5%)

as well.

May IIP print came in at 2.4%, a little higher than consensus

expectations of 1.8%. This was an improvement over the

previous month which was incidentally revised downwards

from 0.1% to -0.9%. The key drag in May was once again Capital

Goods which contracted 8%, meanwhile Consumer Goods were up – driven by a 9% expansion in durables.

The country's crucial monsoon rains continued to be below average in the month of July leading to a slow start to the four-month monsoon

season. This remains a key risk for a slowdown in demand and resurgence of food inflation.

Global worries persisted during July as well with Euro countries such as Spain receiving increased scrutiny post the bailout of its banks.

Domestically, policy inaction remains the key overhang over the markets. The parliament is scheduled to commence its monsoon session on

the 8th of August following. With the Presidential elections out of the way, the focus once again returned to some of the much awaited policy

moves such as hike in diesel prices and increasing FDI in certain sectors.

Data Source : Bloomberg LP (Unless indicated otherwise)

BOI AXA Investment Managers Pvt. Ltd.

EQUITYOUTLOOK

Gaurav KapurFUND MANAGER - EQUITY

2

%YoY

Source: CSO; RBI; Citi Research

India - Trends in Headline GDP (%YOY)

FY

02

10.0

9.0

8.0

7.0

6.0

5.0

4.0

3.0F

Y03

FY

04

FY

05

FY

06

FY

07

FY

08

FY

09

FY

10

FY

11

FY

12

FY

13E

5.8

3.8

8.5

7.6

9.5 9.6 9.3

6.7

8.4 8.4

RBI

6.5

estimate

6.5

Source: RBI

India - Trends in SLR and CRR (%)

SLR (LHS) CRR (RHS)

28

27

26

25

24

23

22

SLR%

Key rates:SLR reduction by 100bps to 23%CRR unchanged at 4.75%

25.0

20.0

CRR%

15.0

10.0

5.0

0.0

Aug-0

0

Aug-0

1

Aug-0

2

Aug-0

3

Aug-0

4

Aug-0

5

Aug-0

6

Aug-0

7

Aug-0

8

Aug-0

9

Aug-1

0

Aug-1

1

Aug-1

2

FIXED INCOME OUTLOOK

Data Source : Bloomberg LP (Unless indicated otherwise)

Last month RBI released its monetary policy statement, It surprised the market by lowering the SLR requirement

from 24% to 23%, while keeping the repo, reverse repo and CRR ratio unchanged at 8%, 7% and 4.75%

respectively. Which essentially indicate a cautious approach by RBI as maintained by its global peers like Fed and ECB

in the wake of volatile macro economic data and loose fiscal situation globally.

RBI refrained from lowering the policy rate as Wholesale Price Index (WPI) inflation continued to remain sticky

despite significant deceleration in growth. It was last reported 7.25% for the month of June marginally lower than

7.55% for April and 7.61% for May 2012. This can be largely attributed to high primary food inflation, which was in

double-digits during Q1 of 2012-13 due to an unusual spike in vegetable prices and sustained high inflation in protein items. This totally negated

the positive impact of lower fuel prices due to fall in international crude oil prices and lower Non-food manufactured products inflation, which

was last reported at 4.8%.

The lower than expected monsoon, persistent input price pressures due to both exchange rate movements and supply side constraints, shall

continue to exert pressure both on food and non-food manufactured products inflation. Therefore it makes a case of RBI to hold on the policy

rates at these levels for some time.

Hence, the bigger question on SLR reduction remains. RBI ever since it changed the monetary stance in March 2012 is constantly infusing

liquidity into the banking system by way to CRR cuts and OMO’s. These have helped the system from being over ̀ 100,000crs deficit to below

50,000crs deficit now. The cut in SLR will further increase the liquidity into the banking system and eventually increase the money supply (M3)

which was last reported at 14.3% in July, which was lower than the indicative trajectory of 15%, non-food credit growth at 17.4% was slightly

above the indicative projection of 17%.

The increased liquidity by way of reduction in SLR shall reduce the crowding off affect to some extent, which is high because of high fiscal

deficit. Higher liquidity will also result in lower short term rates in the economy, eventually lowering the funding curve and supporting growth.

This situation allow us to maintain that currently short terms curve is a better investment option as compared to long bonds as supply side

pressure and lower demand shall keep the long bond yield elevated, even if RBI continue with its OMO.

`

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Alok SinghCHIEF INVESTMENT OFFICER

FIXED INCOME

BOI AXA Investment Managers Pvt. Ltd.3

Growth 16.47Bonus 16.47Regular Dividend 11.61Quarterly Dividend 10.46

Growth 16.63Bonus 16.63 Regular Dividend 11.70Quarterly Dividend 10.57

NAV ( ` )

Regular Plan

Eco Plan

• For Dividend History please refer page no. 7

Regular Plan

NIL

1% if redeemed within 1 year from the date of allotment

Eco Plan

Entry Load

Exit Load

Investmentsthrough

SIP / STP

Investments through Liq-uity

InstitutionalPlan

BOI An Open Ended Equity Growth Fund(Previously known as Bharti AXA Equity Fund) All data as on July 31, 2012 (Unless indicated otherwise)

AXA Equity Fund

SECTOR ALLOCATION

LOAD STRUCTURE

NAV (AS ON JULY 31, 2012)

* Total Exposure to illiquid securities is 0.00% of the portfolio, i.e. ̀ 0.00 lakhAll corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

Portfolio Holdings AMFI Sector % to Net Classification Assets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesITC Ltd Consumer Goods 9.03HDFC Bank Ltd Financial Services 8.63Reliance Industries Ltd Energy 7.36Housing Development Finance Corporation Ltd Financial Services 7.07ICICI Bank Ltd Financial Services 6.68Larsen & Toubro Ltd Construction 4.37Infosys Ltd IT 3.09Sun Pharmaceuticals Industries Ltd Pharma 2.87State Bank of India Financial Services 2.71Hindustan Unilever Ltd Consumer Goods 2.65Cairn India Ltd Energy 2.52Tata Consultancy Services Ltd IT 2.46Mahindra & Mahindra Ltd Automobile 2.24Bharat Heavy Electricals Ltd Industrial Manufacturing 2.18Power Grid Corporation of India Ltd Energy 2.03Coal India Ltd Metals 2.01Cipla Ltd Pharma 1.93Oil & Natural Gas Corporation Ltd Energy 1.85NTPC Ltd Energy 1.73Bata India Ltd Consumer Goods 1.65Tata Motors Ltd Automobile 1.50Tata Steel Ltd Metals 1.45Dr. Reddy's Laboratories Ltd Pharma 1.24Axis Bank Ltd Financial Services 1.22Hero MotoCorp Ltd Automobile 1.06Bharti Airtel Ltd Telecom 1.00Hindalco Industries Ltd Metals 0.96Jindal Steel & Power Ltd Metals 0.96Bajaj Auto Ltd Automobile 0.89Kalpataru Power Transmission Ltd Energy 0.84Wipro Ltd IT 0.83Grasim Industries Ltd Cement & Cement Products 0.81MindTree Ltd IT 0.73Tata Power Co. Ltd Energy 0.73GAIL (I) Ltd Energy 0.66Development Credit Bank Ltd Financial Services 0.51Ranbaxy Laboratories Ltd Pharma 0.51Nestle India Ltd Consumer Goods 0.38ING Vysya Bank Ltd Financial Services 0.37Gujarat Mineral Development Corporation Ltd Metals 0.36Total 92.07

Cash & Cash EquivalentNet Receivables/Payables 0.60CBLO / Reverse Repo Investments 7.33Total 7.93

GRAND TOTAL 100.00

PORTFOLIO DETAILS

Growth 20.83Dividend 11.36

Growth 21.00Dividend 11.43

NAV ( ` )

Regular Plan

Eco Plan


NIL

NIL

Entry Load

Exit Load

BOI An Open-Ended Equity Linked Savings Scheme(Previously known as Bharti AXA Tax Advantage Fund) All data as on July 31, 2012 (Unless indicated otherwise)

AXA Tax Advantage Fund

SECTOR ALLOCATION

LOAD STRUCTURE


* Total Exposure to illiquid securities is 0.00% of the portfolio, i.e. ̀ 0.00 lakhAll corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.


EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesITC Ltd Consumer Goods 8.59HDFC Bank Ltd Financial Services 7.70ICICI Bank Ltd Financial Services 7.24Housing Development Finance Corporation Ltd Financial Services 5.65Larsen & Toubro Ltd Construction 3.92Reliance Industries Ltd Energy 3.64Cairn India Ltd Energy 3.08Hindustan Unilever Ltd Consumer Goods 2.94Sun Pharmaceuticals Industries Ltd Pharma 2.66State Bank of India Financial Services 2.61Mahindra & Mahindra Ltd Automobile 2.59Bharat Heavy Electricals Ltd Industrial Manufacturing 2.47Nestle India Ltd Consumer Goods 2.05Coal India Ltd Metals 2.03Bata India Ltd Consumer Goods 1.99Tata Consultancy Services Ltd IT 1.95Colgate Palmolive (India) Ltd Consumer Goods 1.82NTPC Ltd Energy 1.75Power Grid Corporation of India Ltd Energy 1.72Dr. Reddy's Laboratories Ltd Pharma 1.68IPCA Laboratories Ltd Pharma 1.64Cipla Ltd Pharma 1.61Oil & Natural Gas Corporation Ltd Energy 1.53Hindustan Petroleum Corporation Ltd Energy 1.52Hindalco Industries Ltd Metals 1.39Infosys Ltd IT 1.36Kalpataru Power Transmission Ltd Energy 1.25Bosch Ltd Automobile 1.24Grasim Industries Ltd Cement & Cement Products 1.21Tata Steel Ltd Metals 1.21Axis Bank Ltd Financial Services 1.07TVS Motor Company Ltd Automobile 0.92Indraprastha Gas Ltd Energy 0.84Gujarat Mineral Development Corporation Ltd Metals 0.81Wipro Ltd IT 0.80Tata Power Co. Ltd Energy 0.79Lupin Ltd Pharma 0.77MindTree Ltd IT 0.75KPIT Cummins Infosystems Ltd IT 0.72Hero MotoCorp Ltd Automobile 0.62Indusind Bank Ltd Financial Services 0.59Page Industries Ltd Textiles 0.53Dish TV (I) Ltd Media & Entertainment 0.52Ranbaxy Laboratories Ltd Pharma 0.48Development Credit Bank Ltd Financial Services 0.45Oriental Bank of Commerce Financial Services 0.44GAIL (I) Ltd Energy 0.38CRISIL Ltd Financial Services 0.28Jindal Steel & Power Ltd Metals 0.24Total 94.04


GRAND TOTAL 100.00

PORTFOLIO DETAILS

INVESTMENT OBJECTIVE

BENCHMARK

S&P CNX Nifty Index

DATE OF ALLOTMENT

October 21, 2008

FUND MANAGER

MINIMUM APPLICATION AMOUNT

- ` 5,000 and in multiples of ` 1 - ` 5,000 and in multiples of ` 1

- ` 5 crore and in multiples of ` 1

ADDITIONAL PURCHASE AMOUNT


- ` 1,00,000 and in multiples of ` 1

TOTAL EXPENSE RATIO

• Regular Plan 2.50%• Institutional Plan 1.75%• Eco Plan 2.25%

To generate income and long-term capital appreciation through a diversified portfolio of predominantly equity and equity-related securities including equity derivatives, across all market capitalizations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.

Experience : Managing this fund since March 2011. Total of 7 years of experience including 6 years in research and fund management.

Gaurav Kapur

Regular PlanEco PlanInstitutional Plan

Regular PlanEco PlanInstitutional Plan

PORTFOLIO TURNOVER RATIO

0.61 Times^(^Basis last rolling 12 months)


BENCHMARK

S&P CNX Nifty Index

DATE OF ALLOTMENT

February 25, 2009

FUND MANAGER


- ` 500 and in multiples of ` 500 - ` 500 and in multiples of ` 500


- ` 500 and in multiples of ` 500 - ` 500 and in multiples of ` 500

TOTAL EXPENSE RATIO

• Regular Plan 2.50%• Eco Plan 2.25%

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns. There can be no assurance that the investment objectives of the Scheme will be realized.


Gaurav Kapur

Regular PlanEco Plan





Investments through SIP / STPEco PlanRegular Plan

27.19%

17.72%

13.71%

7.93%

7.11%

6.55%

5.74%

5.69%

4.37%

2.18%

1.00%

0.81%

Financial Services

Energy

Consumer Goods

Cash & Cash Equivalent

IT

Pharma

Metals

Automobile

Construction

Industrial Manufacturing

Telecom

Cement & Cement Products

26.03%

17.39%

16.50%

8.84%

5.96%

5.68%

5.58%

5.37%

3.92%

2.47%

1.21%

0.53%

0.52%

Financial Services

Consumer Goods

EnergyPharma

Cash & Cash EquivalentMetals

IT

Automobile

Construction

Industrial ManufacturingCement & Cement Products

Textiles

Media & Entertainment

BOI An Open Ended Equity Scheme(Previously known as Bharti AXA Focused Infrastructure Fund) All data as on July 31, 2012 (Unless indicated otherwise)

AXA Focused Infrastructure Fund

SECTOR ALLOCATION

LOAD STRUCTURE

* Total Exposure to illiquid securities is 0.00% of the portfolio, i.e. ̀ 0.00 lakh


EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesLarsen & Toubro Ltd Construction 8.68Housing Development Finance Corporation Ltd Financial Services 7.66Reliance Industries Ltd Energy 7.34Oil & Natural Gas Corporation Ltd Energy 6.23NTPC Ltd Energy 5.21Coal India Ltd Metals 5.05Power Grid Corporation of India Ltd Energy 4.34Tata Steel Ltd Metals 4.08Bharat Heavy Electricals Ltd Industrial Manufacturing 3.78Cairn India Ltd Energy 3.16Bharti Airtel Ltd Telecom 3.13Castrol (I) Ltd Energy 2.69LIC Housing Finance Ltd Financial Services 2.67Infrastructure Development Finance Company Ltd Financial Services 2.43Grasim Industries Ltd Cement & Cement Products 2.27Jindal Steel & Power Ltd Metals 2.10Tata Power Co. Ltd Energy 1.88Hindalco Industries Ltd Metals 1.78Kalpataru Power Transmission Ltd Energy 1.76Kajaria Ceramics Ltd Construction 1.65GAIL (I) Ltd Energy 1.57Steel Authority of India Ltd Metals 1.40NMDC Ltd Metals 1.37Engineers India Ltd Construction 1.26Indian Oil Corporation Ltd Energy 1.18UltraTech Cement Ltd Cement & Cement Products 1.13Rural Electrification Corporation Ltd Financial Services 1.10Hindustan Petroleum Corporation Ltd Energy 1.03Sterlite Industries (I) Ltd Metals 1.02Power Finance Corporation Ltd Financial Services 1.00Indraprastha Gas Ltd Energy 0.94Ambuja Cements Ltd Cement & Cement Products 0.92Reliance Power Ltd Energy 0.87Gujarat Mineral Development Corporation Ltd Metals 0.71ACC Ltd Cement & Cement Products 0.63Mangalore Refinery and Petrochemicals Ltd Energy 0.50Bharat Petroleum Corpn. Ltd Energy 0.50Oil India Ltd Energy 0.36Total 95.38


GRAND TOTAL 100.00

PORTFOLIO DETAILS

BOI An Open Ended Income Scheme(Previously known as Bharti AXA Regular Return Fund) All data as on July 31, 2012 (Unless indicated otherwise)

AXA Regular Return Fund

SECTOR ALLOCATION

LOAD STRUCTURE

Portfolio Holdings Rating/ % to Net Industry Assets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesITC Ltd Consumer Goods 1.96KPIT Cummins Infosystems Ltd IT 1.61Mahindra & Mahindra Ltd Automobile 1.56HDFC Bank Ltd Financial Services 1.54Indusind Bank Ltd Financial Services 1.40Tata Motors Ltd Automobile 1.30Apollo Tyres Ltd Automobile 1.28State Bank of India Financial Services 1.21Cairn India Ltd Energy 1.05Hindalco Industries Ltd Metals 1.00Hindustan Unilever Ltd Consumer Goods 0.92Oriental Bank of Commerce Financial Services 0.75TVS Motor Company Ltd Automobile 0.69Coal India Ltd Metals 0.65Kalpataru Power Transmission Ltd Energy 0.42Tata Steel Ltd Metals 0.32Total 17.66

MONEY MARKET INSTRUMENTSCertificate of Deposit**IDBI Bank Ltd CRISIL A1+ 31.28State Bank of Patiala ICRA A1+ 27.19Punjab National Bank CARE A1+ 12.47Total 70.94


GRAND TOTAL 100.00

PORTFOLIO DETAILS


BENCHMARK

BSE 100 Index

DATE OF ALLOTMENT

March 05, 2010

FUND MANAGER


` 5,000 and in multiples of ` 1


` 1,000 and in multiples of ` 1

TOTAL EXPENSE RATIO

2.50%

The Scheme seeks to generate long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies engaged in infrastructure and infrastructure related sectors.

However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme is not providing any assured or guaranteed returns.


Gaurav Kapur




BENCHMARK

CRISIL MIP Blended Index

DATE OF ALLOTMENT

March 18, 2009

FUND MANAGER





TOTAL EXPENSE RATIO

• Regular Plan 2.00%• Eco Plan 1.75%

The Scheme seeks to generate regular income through investments in fixed income securities and also to generate long term capital appreciation by investing a portion in equity and equity related instruments. 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.

Experience : Managing this fund since May 2012. Around 12 years of experience, including 7 years in mutual fund industry.

Alok Singh



AVERAGE MATURITY & MODIFIED DURATION

Average Maturity - 0.06 YearsModified Duration - 0.05 Years


NAV ( ` )

Regular Plan

Eco Plan

Growth 12.2692Monthly Dividend 10.9992Quarterly Dividend 10.9940Annual Dividend 12.2692

Growth 12.3751Monthly Dividend 11.4272Quarterly Dividend 10.3335Annual Dividend 12.3751


NIL

1 % if redeemed before 1 year from date of allotment

Entry Load

Exit Load


Growth 7.83

Regular Dividend 7.83

Quarterly Dividend 7.83

NAV ( ` )


NIL

1% if redeemed within 1 year from the date of allotment

Entry Load

Exit Load


Equity & equity related securities Money Market Instruments


17.66%

70.94%

11.40%

All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.* Total Exposure to illiquid securities is 0.00% of the portfolio, i.e. ̀ 0.00 lakh

COMPOSITION BY ASSETS

39.56%

17.51%

14.86%

11.59%

4.95%

4.62%

3.78%

3.13%

Energy

Metals

Financial Services

Construction

Cement & Cement Products


Industrial Manufacturing

Telecom

11.40%

4.90%

4.83%

2.88%

1.97%

1.61%

1.47%


Financial Services

Automobile

Consumer Goods

Metals

IT

Energy


BOI An Open Ended Liquid Scheme(Previously known as Bharti AXA Liquid Fund) All data as on July 31, 2012 (Unless indicated otherwise)

AXA Liquid Fund

CREDIT PROFILEINVESTMENT OBJECTIVE

BENCHMARK

CRISIL Liquid Fund Index

DATE OF ALLOTMENT

July 16, 2008

FUND MANAGER



TOTAL EXPENSE RATIO

• Regular Plan 0.15%• Institutional Plan 0.10%• Super 0.05%


The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns.

Experience : Managing this fund since June 2010. Total of around 12 years experience in fund and portfolio management including forex portfolio management.

Ramesh Rachuri

Regular Plan Institutional PlanSuper Institutional Plan -

Regular Plan Institutional PlanSuper Institutional Plan -

- ` 5,000 and in multiples of ` 1 - ` 1 crore and in multiples of ` 1

` 5 crore and in multiples of ` 1

- ` 1,000 and in multiples of ` 1 - ` 1,00,000 and in multiples of ` 1

` 1,00,000 and in multiples of ` 1

Institutional Plan

Average Maturity - 27 DaysModified Duration - 24 Days

LOAD STRUCTURE

Growth 1276.6537Daily Dividend 1000.0252Weekly Dividend 1000.2509

Growth 1295.5372Daily Dividend 1000.0138Weekly Dividend -

Growth 1301.6160Daily Dividend 1000.0457Weekly Dividend -

NAV ( ` )

Regular Plan

Institutional Plan

Super Institutional Plan


NIL

NIL

Entry Load

Exit Load


81.35%

CashA1+

18.65%


MONEY MARKET INSTRUMENTSCertificate of Deposit**UCO Bank CRISIL A1+ 15.45Corporation Bank CRISIL A1+ 15.43Punjab & Sind Bank ICRA A1+ 11.58Allahabad Bank ICRA A1+ 11.18Punjab National Bank CARE A1+ 8.63Canara Bank CRISIL A1+ 5.39State Bank of Patiala ICRA A1+ 4.76State Bank of Hyderabad ICRA A1+ 4.60IDBI Bank Ltd CRISIL A1+ 4.33Total 81.35


GRAND TOTAL 100.00

PORTFOLIO DETAILS

All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

Money Market Instruments Cash & Cash Equivalent

81.35%

18.65%


BOI An Open Ended Income Scheme(Previously known as Bharti AXA Treasury Advantage Fund) All data as on July 31, 2012 (Unless indicated otherwise)

AXA Treasury Advantage Fund


BENCHMARK

CRISIL Liquid Fund Index

DATE OF ALLOTMENT

July 16, 2008

FUND MANAGER



TOTAL EXPENSE RATIO

• Regular Plan 0.15%• Institutional Plan 0.10%


The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns.


Ramesh Rachuri

Regular Plan Institutional Plan




Average Maturity - 39 DaysModified Duration - 35 Days

LOAD STRUCTURE

Growth 1,302.0263Daily Dividend 1,000.0439Weekly Dividend 1,000.9845

Growth 1,322.8871Daily Dividend 1,000.0439Weekly Dividend -

NAV ( ` )

Regular Plan

Institutional Plan


NIL

0.25% if redeemed within 7 days from the date of allotment

Entry Load

Exit Load


92.03%

CashA1+, Sovereign

7.97%


MONEY MARKET INSTRUMENTSCertificate of Deposit**State Bank of Hyderabad ICRA A1+ 22.52Canara Bank CRISIL A1+ 20.98IDBI Bank Ltd CRISIL A1+ 11.68State Bank of Patiala ICRA A1+ 9.67Punjab & Sind Bank ICRA A1+ 8.10Allahabad Bank ICRA A1+ 7.71Punjab National Bank CARE A1+ 4.98Total 85.64

Treasury BillTBILL 182 DAY 2012 SOV 6.39Total 6.39


GRAND TOTAL 100.00

PORTFOLIO DETAILS


Money Market Instruments Cash & Cash Equivalent

92.03%

7.97%


Up to 3 months 100

4 months to 6 months Nil

7 months to 1 year Nil

> 1 year Nil

% of Assets Duration

BOI An Open Ended Income Scheme(Previously known as Bharti AXA Short Term Income Fund) All data as on July 31, 2012 (Unless indicated otherwise)

AXA Short Term Income Fund


BENCHMARK

CRISIL Short Term Bond Fund Index

DATE OF ALLOTMENT

December 18, 2008

FUND MANAGER



TOTAL EXPENSE RATIO

• Regular Plan 1.25%• Institutional Plan 0.60%


The Scheme seeks to deliver reasonable market 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 is not providing any assured or guaranteed returns.


Ramesh Rachuri





Average Maturity - 0.10 YearsModified Duration - 0.09 Years

LOAD STRUCTURE

Growth 12.1583Monthly Dividend 10.3105

Growth -Weekly Dividend -

NAV ( ` )

Regular Plan

Institutional Plan

Quarterly Dividend 10.1347

Monthly Dividend -


NIL

0.50% if redeemed within 6 months from date of allotment

Entry Load

Exit Load


95.23%

CashA1+, Sovereign

4.77%

Portfolio Holdings Rating/ % to Net

Industry Assets

MONEY MARKET INSTRUMENTS

Certificate of Deposit**

Punjab National Bank CARE A1+ 31.80

State Bank of Patiala ICRA A1+ 30.02

IDBI Bank Ltd CRISIL A1+ 20.15

Allahabad Bank ICRA A1+ 4.99

Total 86.96

Treasury Bill

TBILL 182 DAY 2012 SOV 8.27

Total 8.27


Net Receivables/Payables 0.73

CBLO / Reverse Repo Investments 4.04

Total 4.77

GRAND TOTAL 100.00

PORTFOLIO DETAILS



^Pursuant to payment of dividend, NAV of the Dividend Option of the Plan/Scheme falls to the extent of such dividend payment and applicable statutory levy (taxes, levies, cess etc.), if any. a b $Individual/HUFs Others Past performance may or may no be sustained in the future. Face Value - ` 10/- #Since there are no investors in BOI AXA Equity Fund - Institutional Plan - Regular Dividend and Institutional Plan - Quarterly Dividend the data of NAV as on record date is not provided

$EQUITY FUNDS$HYBRID FUND

Record Date Dividend/ Unit NAV^as onDeclared (in ` ) Record Date

BOI AXA Equity Fund

Regular Plan - Regular Dividend

Regular Plan - Quarterly Dividend

Eco Plan - Regular Dividend

Eco Plan - Quarterly Dividend

Institutional Plan - #

Regular Dividend

Institutional Plan - #Quarterly Dividend

29-May-09 1.00 15.2123-September-09 1.00 15.2115-October-09 1.00 14.9625-November-09 1.00 14.3129-April-10 1.00 13.96

29-May-09 0.50 - 23-September-09 0.50 - 25-November-09 1.00 - 29-March-10 1.00 - 29-April-10 1.00 -

23-September-09 0.50 15.7325-November-09 1.00 16.4329-March-10 1.00 15.5129-April-10 1.00 15.1427-September-10 2.00 14.7027-June-11 0.50 11.41

29-May-09 1.00 15.2423-September-09 1.00 15.2415-October-09 1.00 15.0025-November-09 1.00 14.3529-April-10 1.00 13.99

23-September-09 0.50 15.7625-November-09 1.00 16.4629-March-10 1.00 15.5529-April-10 1.00 15.1927-September-10 2.00 14.7727-June-11 0.50 11.50

29-May-09 1.00 - 23-September-09 1.00 - 15-October-09 1.00 - 25-November-09 1.00 - 29-April-10 1.00 -

$EQUITY FUNDS


BOI AXA Tax Advantage Fund

Regular Plan

Eco Plan

04-June-09 1.00 18.8423-December-09 3.00 21.5125-January-10 3.00 18.2316-March-10 3.00 15.43

04-June-09 1.00 18.8523-December-09 3.00 21.5425-January-10 3.00 18.2716-March-10 3.00 15.45

DEBT / INCOME FUNDS


$BOI AXA Short Term Income FundInstitutional Monthly Dividend

Institutional - Quarterly Dividend

Regular Monthly Dividend

Regular Quarterly Dividend

a25-November-10 0.044799 10.1584

b25-November-10 0.041754 10.1584

a27-December-10 0.043921 10.1575

b27-December-10 0.040935 10.1575

a25-January-11 0.043921 10.1704

b25-January-11 0.040935 10.1704

a25-February-11 0.052705 10.1881

b25-February-11 0.049122 10.1881

a29-December-09 0.1751890 10.2708

b29-December-09 0.1630520 10.2708

a27-February-12 0.070473 10.3098

b27-February-12 0.060402 10.3098

a26-March-12 0.070473 10.2868

b26-March-12 0.060402 10.2868

a25-April-12 0.070473 10.2698

b25-April-12 0.060402 10.2698

a25-July-12 0.070473 10.3780

b25-July-12 0.060402 10.3780

a26-March-12 0.211419 10.3535

b26-March-12 0.181207 10.3535

a25-June-12 0.211419 10.2994

b25-June-12 0.181207 10.2994

Record Date Dividend/ Unit NAV^as on

Declared (in ` ) Record Date

BOI AXA Regular Return Fund

Regular Monthly Dividend

Regular Quarterly Dividend

Eco Monthly Dividend

Eco Quarterly Dividend

a26-April-2010 0.0746660 10.2992

b26-April-2010 0.0695890 10.2992

a25-October-2010 0.074666 10.3666

b25-October-2010 0.069589 10.3666

a25-November-2010 0.074666 10.2258

b25-November-2010 0.069589 10.2258

a27-December-2010 0.040406 10.1991

a27-December-2010 0.037659 10.1991

a25-March-2010 0.2233660 10.4878

b25-March-2010 0.2078920 10.4878

a29-December-2010 0.114195 10.4804

a29-December-2010 0.106431 10.4804

a26-March-2012 0.176182 10.9116

a26-March-2012 0.151006 10.9116

a25-February-2010 0.0744550 10.2741

b25-February-2010 0.0692970 10.2741

a25-March-2010 0.0744550 10.3359

b25-March-2010 0.0692970 10.3359

a26-September-2011 0.132137 10.1673

b26-September-2011 0.113255 10.1673

a26-March-2012 0.176182 10.4563

b26-March-2012 0.151006 10.4563

a25-June-2012 0.176182 10.4142

b25-June-2012 0.151006 10.4142


Dividend History

Scheme Performance (Fund Manager wise)All data as on July 31, 2012 (Unless indicated otherwise)


PERFORMANCE (as on June 29, 2012)

Period

#NAV Per Unit ( )

(Face Value ` 10)

` Scheme Returns (%) ^

Benchmark Returns

(S&P CNX Nifty) (%)

Additional Benchmark Returns (%) Scheme (`)

Current Value of Standard Investment of ` 10,000 in the

Benchmark (S&P CNX Nifty) (`)

Additional Benchmark (`)

Since inception* till June 29, 2012 (CAGR)

June 30, 2011 to June 29, 2012 (Absolute)


20.80 25.9175% 21.4020% N.A.

Not applicable

20.80 -6.4748% -6.5251% N.A.

22.24 0.2253% 6.3040% N.A.

^ Past performance may or may not be sustained in the future. *Date of first NAV - February 27, 2009. #NAV as on the last date of the respective periods above.

BOI AXA Tax Advantage Fund - Regular Plan - Growth Option (Previously known as Bharti AXA Tax Advantage Fund)

June 30, 2009 to June 30, 2010 (Absolute) 22.19 33.5942% 23.8028% N.A.

N.A.19,10121,577


Period

#NAV Per Unit ( )

(Face Value ` 10)


Benchmark Returns

(BSE 100 Index) (%)

Additional Benchmark

Returns (%) (S&P CNX Nifty) Scheme (`)


Benchmark (BSE 100 Index) (`)

Additional Benchmark (`)(S&P CNX Nifty)




7.87 -10.8974% 0.0118% 1.3659%

Not applicable

7.87 -16.3656% -7.1583% -6.5251%

9.41 -8.8178% 3.8264% 6.3040%

^ Past performance may or may not be sustained in the future. *Date of first NAV - March 10, 2010. #NAV as on the last date of the respective periods above.

BOI AXA Focused Infrastructure Fund - Growth Option (Previously known as Bharti AXA Focused Infrastructure Fund)

10,31810,0037,663


Period

#NAV Per Unit ( )

(Face Value ` 10)


Benchmark Returns

(S&P CNX Nifty) (%)

Additional Benchmark Returns (%) Scheme (`)


Benchmark (S&P CNX Nifty) (`)





16.50 15.9749% 20.0888% N.A. 17,223 19,573 N.A.

Not applicable

16.50 -5.8219% -6.5251% N.A.

17.52 1.4476% 6.3040% N.A.

^ Past performance may or may not be sustained in the future. *Date of first NAV - October 29, 2008. #NAV as on the last date of the respective periods above.

BOI AXA Equity Fund - Regular Plan - Growth Option (Previously known as Bharti AXA Equity Fund)


Mr. Gaurav Kapur


^ Past performance may or may not be sustained in the future. *Date of first NAV - March 20, 2009. #NAV as on the last date of the respective periods above. **The returns for Additional Benchmark in respect of debt/ liquid schemes will be published as and when made available by market data providers.

Period

#NAV Per Unit ( )

(Face Value ` 10)


Benchmark Returns

(CRISIL MIPBlended Index) (%)

Additional Benchmark

Returns ** (%) Scheme (`)


Benchmark (CRISIL MIP

Blended Index) (`)





12.1860 6.1813% 8.6941% N.A. 12,174 13,144 N.A.

Not applicable

12.1860 6.3703% 6.5425% N.A.

11.4562 3.6835% 5.0258% N.A.

BOI AXA Regular Return Fund - Regular Plan - Growth Option (Previously known as Bharti AXA Regular Return Fund)


Mr. Alok Singh

June 30, 2009 to June 30, 2010 (Absolute) N.A. N.A. N.A. N.A.


Scheme Performance (Fund Manager wise)All data as on July 31, 2012 (Unless indicated otherwise)


Period

#NAV Per Unit (`)

(Face Value ` 1,000)

Scheme Returns (%) ^

Benchmark Returns (CRISIL Liquid Fund

Index) (%)

Additional Benchmark Returns(CRISIL 91 Day T-Bill

Index) (%) Scheme (`)


Benchmark (CRISIL Liquid Fund

Index) (`)

Additional Benchmark (CRISIL 91 DayT-Bill Index) (`)




Not applicable

^ Past performance may or may not be sustained in the future. *Date of first NAV - July 18, 2008. #NAV as on the last date of the respective periods above.

BOI AXA Liquid Fund - Institutional Plan - Growth Option (Previously known as Bharti AXA Liquid Fund)


7 Days (Simple Annualized)



1285.8657

1285.8657

1188.2924

1114.3672

6.5484%

8.2112%

6.6338%

3.9787%

6.8488%

8.6822%

7.1837%

3.2874%

5.0369%

8.0068%

4.7198%

2.3301%

8.0418%

7.8340%

7.9886%

8.3084%

8.1005%

8.2418%

7.8908%

6.8302%

8.0660%

12,848 12,992 12,143


^ Past performance may or may not be sustained in the future. *Date of first NAV - July 18, 2008. #NAV as on the last date of the respective periods above.

Period

#NAV Per Unit (`)



Benchmark Returns

(CRISIL Liquid FundIndex) (%)

Additional Benchmark Returns(CRISIL 91 Day T-Bill

Index) (%) Scheme (`)


Benchmark (CRISIL Liquid Fund

Index) (`)



June 30, 2010 to June 30, 2011 (Absolute) Not applicable

BOI AXA Treasury Advantage Fund - Regular Plan - Growth Option (Previously known as Bharti AXA Treasury Advantage Fund)


Additional Benchmark (CRISIL 91 DayT-Bill Index) (`)

1292.0727

1292.0727

1193.1896

1116.7821

6.6801%

8.2873%

6.8418%

4.2008%

6.8488%

8.6822%

7.1837%

3.2874%

5.0369%

8.0068%

4.7198%

2.3301%

12,911 12,992 12,143


^ Past performance may or may not be sustained in the future. *Date of first NAV - December 22, 2008. #NAV as on the last date of the respective periods above.

Period

#NAV Per Unit (`)



Benchmark Returns

(CRISIL Short TermBond FundIndex) (%)

Additional Benchmark Returns

(CRISIL 1 Year T-Bill Index) (%) Scheme (`)


Benchmark (CRISIL Short Term

Bond Fund Index) (`)




BOI AXA Short Term Income Fund - Regular Plan - Growth Option (Previously known as Bharti AXA Short Term Income Fund)


Additional Benchmark (CRISIL 1 Year T-Bill

Index) (`)

Not applicable

11,77812,62311,8254.7574%

7.7284%

4.4264%

1.9677%

6.8410%

8.8132%

5.5855%

4.8519%

4.8760%

7.5091%

6.6166%

3.9100%

12.0780

12.0780

11.2344

10.5372

Mr. Ramesh Rachuri

This report is as of July 31, 2012 unless indicated otherwise. Statements relating to outlook and forecast are the opinions of the Author. The views expressed by the

author are personal and are not necessarily that of BOI AXA Investment Managers Private Limited (AMC). This report is for information purpose only and is not

intended to be any investment advice. Please make independent research/ obtain professional help before taking any decision of investment / sale. AMC makes no

representation as to the quality, liquidity or market perception of any securities/ issuer / borrower, if described in the report above, nor does it provide any guarantee

whatsoever. Information and material used in this report are believed to be from reliable sources. However, AMC does not warrant the accuracy, reasonableness

and/or completeness of any information. AMC does not undertake to update any information or material in this report. Decisions taken by you based on the

information provided in this report are to your own account and risk. AMC and any of its officers, directors and employees shall not be liable for any loss or damage of

any nature, as also any loss of profit in any way arising from the use of this material in any manner. AMC or its directors, officers and employees, including author of

this report / persons involved in the preparation or issuance of this report may, from time to time, have long or short positions in, and buy or sell the securities, if any,

mentioned herein or have other potential conflict of interest with respect to any recommendation and related information and opinions given in the report /report. This

report, or any part of it, should not be duplicated, or contents altered / modified, in whole or in part in any form and or re-distributed without AMC’s prior written

consent.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

© BOI AXA Investment Managers Private Limited 2012.

Disclaimer/Statutory Details


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Note:

1. Investors desiring to purchase/ redeem Units in BOI AXA Equity Fund, BOI AXA Tax Advantage Fund and BOI AXA Focused Infrastructure Fund through the Stock Exchange Facility may do so through Eligible Stock Brokers. Eligible Stock Brokers are considered as Official Points of Acceptance for transactions through Stock Exchange Facility.

2. Investors who are holding Units in Demat mode in above schemes may transact only through the Stock Exchange Facility. Further, such Unit holders must submit their non-financial requests such as change in bank mandate, address, etc only to their Depository Participants.

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Factsheet July 2012 - boiaxamf.in

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