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KEY INFORMATION MEMORANDUM (KIM) CUM APPLICATION FORM BOI AXA Equity Fund (An Open-Ended Equity Growth Fund) BOI AXA Tax Advantage Fund (An Open-Ended Equity Linked Saving Scheme) BOI AXA Focused Infrastructure Fund (An Open-Ended Equity Scheme) Continuous Offer of Units at Applicable NAV uu: Te: snae: ns: IAuud OAueiPtdOAeeMgPtd aoda XvmMas auCo,BCreTBa 5lKaue, 1hrprn, 55oKtSr, aalmx, Ds1Ene k,tzMb45Vanr)mi05kSazMb05BraMb010rGrele This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme(s)/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information Documents and Statement of Additional Information available free of cost at any of the Investor Service Centers or distributors or from the website www.boiaxa-im.com. The Schemes particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual 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 KIM. ThisKIMisdatedApril29,2013. Name(s) oBOIAXAEQUIBOIAXATAXABOIAXAFOCUSED INFRASTRUCTURE FUND To generate income and long-term capital appreciation To generate income and long-term capital appreciation The Scheme seeks to generate long term capital InvestmentObjective through a diversified portfolio of predominantly equity and through a diversified portfolio of predominantly equity and appreciationthroughaportfolioofpredominantlyequityand equity-relatedsecuritiesincludingequityderivatives,across equity-relatedsecuritiesincludingequityderivatives,across equity related securities of companies engaged in all market capitalizations. The Scheme is in the nature of all market capitalizations. The Scheme is in the nature of infrastructure and infrastructure related sectors. However, diversified multi-cap fund. The Scheme is not providing any diversified multi-cap fund. The Scheme is not providing any there can be no assurance that the investment objectives of assuredorguassuredorgutheSchemewillberealized.TheSchemeisnotprovidingany However, there can be no assurance that the investment Therecanbenoassurancethattheinvestmentobjectivesof objectivesotheSchemewillberealized.. AssetAllocationPatterntion pattern of the Scheme under normal The Asset Allocation pattern of the Scheme under normal The Asset Allocation pattern of the Scheme under normal circumstanccircumstanccircumstanceswouldbeasunder. ofthescheme TypesRanRisTypesRanRisTypesRanRisk Profile Allo(High/ Allo(High/ Allo(High/ (% of NetMedium/ NetMedium/ NetMedium/ Low) Equity and Equit80% HiEquit65% High00%y related securities related secsecurities of companies engaged in infrastructure Debt & moneDebt 0 - Low torket securities/securitieMediumruments #cture related funds # *Investment in derivatives instruments may be made only if * Investments in derivative instruments shall not exceed permitted under Equity Linked Savings Scheme (ELSS) 50%ofnetassRules and SEBI Regulations. In such event, the investments in derivatives shall be up to 50% of the net assets of the #Noinvestmentswillbemadeinsecuritizeddebt. Investmentsinforeignsecuritiesshallnotexceed35%ofnetshallnotexceed20%ofnet assetsoftheportfolio.me will not make investments in securitized The Scheme may engage in stock lending not exceedingngnotexceeding20% Investment in foreign securities may be made only ifsetswould 20%ofitsnetpermitted under and in line with the Regulations and ELSSy. would be deployed in stock lending to any single counter party. Rules as in force from time to time. In such an event, the Fund may invest in such overseas securities subject to limit of20%ofnetassetsoftheScheme. The Scheme may engage in stock lending not exceeding 20%ofitsnetassets,andnotmorethan5%ofthenetassets would be deployed in stock lending to any single counter party. BOI AXA Equity Fund (BAEF) is a diversified multi-cap fund. BOI AXA Tax Advantage Fund is an Equity Linked Savings BOI AXA Focused Infrastructure Fund (BAFIF) is an Differentiationfromother Schemess a result the fund will have the flexibility to invest in equity Scheme (ELSS) offering Tax Benefits under Section 80C of infrastructurethemedfund.Asaresultthefundwillinvestin and equity related securities across market capitalizations the Income Tax Act. The fund is in the nature of a diversified equity and equity related securities of companies engaged andsectors multi-capfuonly in infrastructure and infrastructure related sectors, and willnotinvestincompaniesinothersectors. BOI AXA Equity Fund is a diversified equity fund and would BOIAXATaxAdvantageFundisanELSSandhencesuitedfor BOI AXA Focused Infrastructure Fund is an infrastructure WhoShouldInvestinthe Scheme:herefore be less volatile as compared to a thematic or investors who wish to avail of a deduction of income under themed fund. Unlike a fully diversified equity fund, the sectoral fund. However, as BOI AXA Equity Fund is a multi- Sec 80 C of Income Tax Act. BOI AXA Tax Advantage Fund portfolio concentration of this Scheme would be higher and cap fund, there may be instances, based on the Fund being an ELSS has a 3 year lock-in period. The fund is hencethefundisexpectedtobemorevolatile.However,over Manager’s outlook, when the portfolio is more heavily suitableforinvestorswithalong-terminvestmenthorizon.In a long term, the Scheme will benefit by the sustained focus investedinmidorsmallcapcompanies.Equityshareswitha terms of fund management, the 3 year lock-in period gives oninfrastructuredevelopmentinIndia. Mid or small market caThe Scheme would be more suitable for investors who areer the comfort of planning his investments than as compared to shdesirousofincreasingtheirexposuretoinfrastructurespace capitalizations. During these times, the performance of the fund could be more volatile as compared to a fund thatio. Thus, this Scheme could actasa“topup”overexistinginvestmentsofsuchinvestors invests only in companin diversified equity funds. However, for a first time investor, Hence, the fund is suiit might still be advisable to initially start his investment with experience in equity iadiversifiedequityfund.rst time equity investorswhoareawareoftheriskassociatedwithinvesting in equities, particularly with regard to mid and small capitalizationcompanies InvestmentStrategy market conditions, the Scheme would invest Under normal market conditions, the Scheme would invest BOI AXA Focused Infrastructure Fund is an equity scheme predominantly in a diversified portfolio constituting equity predominantly in a diversified portfolio constituting equity that will invest predominantly in equity and equity related and equity related instruments of companies that the Fund and equity related instruments of companies that the Fund securities of companies that are engaged in infrastructure Manager believes have sustainable business models, and Manager believes have sustainable business models, and andinfrastructurerelatedSectors. potential for capital The Scheme would follow an actively managed approachpitalappreciation. an activelyThe Scheme would follow an actively managed approach allowing it the flexibility to pursue opportunities across the pursue opportunities across the entire market capitalization spectrum, from smaller companies to well-establishedortunities across the entire market capitalization spectrum, from smaller entire market capitalization spectrum, from smaller companies to well-established large-cap companies. The large-cap ccompanies to well-established large-cap companies, investment environment, valuation parameters and other sectoralallwithout having any bias in favour of sectoral allocations or investment criteria will determine the allocation and the environmentmarket capiinvestmentstyle.investment environment, criteriawilvaluation pThe Scheme will invest in the infrastructure companies determinethwithinthebroadAMFIclassificationofSectorsasunder: Cement & Cement products, Construction, Energy, Industrial Manufacturing, Metals, Services (only Infrastructure related services eg. Transportation), Telecommunication, and Financial services (only those primarilyengagedinfinancinginfrastructureprojects). TheschemewillNOTinvestinthefollowingSectors: Automobiles, Banks & other Financial Services companies (other than those covered in above list), Services (Other than Infrastructure related), Chemicals, Consumer Goods, Fertilizers & Pesticides, Information Technology, Paper, Pharmaceuticals,andTextiles. 1 Name(s) of the Scheme(s) BOIAXAEQUITYFUND BOIAXATAXADVANTAGEFUND BOIAXAFOCUSED INFRASTRUCTURE FUND RiskProfileoftheScheme Please refer point “A” of “Information Common for SchemespecificRiskFactorsaresummarizedbelow: SchemespecificRiskFactorsaresummarizedbelow: Schemes”inthisKIM 1.ByvirtueofrequirementsundertheEquityLinkedSavings 1. TheinvestmentsundertheSchemewouldpredominantly Scheme, 2005 issued by Department of Economic be in equity and equity related securities of companies Affairs, Ministry of Finance, Government of India vide engaged in infrastructure and infrastructure related Notification no 226/2005 dated November 13, 2005 and sectors, and hence will be affected by risks associated amended vide notification dated December 13, 2005 withsuchcompanies.Infrastructuresectorissensitiveto (ELSS Rules), Units issued under the Scheme cannot be governmentpolicy.Ifthegovernmentpolicyceasestobe redeemed until the expiry of three years from the date of favorable towards the sector, the sector may under their allotment. Consequently, the ability of an investor tperform. Further, amongst the infrastructure sectors redeemtheinvestmentsorrealisereturnsoninvestments coveredunderthe Scheme,majorityof the equity/equity in the Scheme is restricted for the first three years. oriented investments could be under a single Redemption prior to the expiry of the aforesaid three year sector/industry. Hence, if the said sector/industry does period is permissible, subject to the ELSS Rules only in not perform positivelyas expectedby the Fund Manager theeventofthedeathofaUnitholderwhoisanAssessee, of the Scheme, the Scheme's performance may be subjecttotheUnitshavingbeenheldforaperiodofatleast adversely affected due to a risk associated with non oneyearfromthedateofallotment. diversification and could thus affect the value of investments. 2.BOI AXA Tax Advantage Fund has been framed in accordance with the ELSS Rules and other prevailing 2. Given that the Scheme seeks to invest in equity/ equity laws. The tax benefits described in this document are as related securities of the Companies engaged in the available under the prevailing taxation laws including the infrastructure sector and that the investment ELSS Rules, which or whose interpretation may change concentration may be high in certain companies from time to time. As is the case with any investment, belonging to the said sector, the volatility and/or there can be no guarantee that the current tax position or performance of the said sector and/or of the scrips the tax position prevailing at the time of an investment inbelonging to this sector can have a material adverse the Scheme will not undergo change. In view of the bearingontheperformanceoftheScheme. individualnatureoftaxconsequences,eachUnitholderis 3. Although the Scheme seeks to make investments in advised to consult his / her / their own professional tax equity and equity related securities of the Infrastructure advisor. sector, this scheme will not be a sector specific scheme For further details on risk factors, please refer point “A” ofor the purposeof monitoringthe investmentrestrictions “InformationCommonforSchemes”ofthisKIM. applicable to the Scheme and hence investments per issuerundertheSchemewillnotexceed10%(atthetime ofinvestment)ofthenetassetsoftheScheme. 4. The Scheme will focus on companies which will benefit from structural changes brought about by continuing liberalizationineconomicpoliciesbytheGovernmentand /orfromcontinuinginvestmentsininfrastructure,bothby public / private sector. It is possible that such policies maynotfructifyorcrystallizeinamannercommensurate with expectations thereby affecting the prospects of the companiesheldintheportfoliooftheScheme. For further details on risk factors, please refer point “A” of “InformationCommonforSchemes”ofthisKIM. RiskManagementStrategies Please refer point “B” of “Information Common for Schemes” in this KIM PlansandOptions TheSchemeshalloffertwoplansviz.RegularPlan&Direct TheSchemeshalloffertwoplansviz.RegularPlan&Direct TheSchemeshalloffertwoplansviz.RegularPlan&Direct Plan. Plan. Plan. Both the above plans have a common portfolio. Under each Both the above plans have a common portfolio. Under each Both the above plans have a common portfolio. Under each ofthePlans,followingOptionsareavailable: ofthePlans,followingOptionsareavailable: ofthePlans,followingOptionsareavailable: • GrowthOption • GrowthOptionforcapitalappreciation • GrowthOptionforcapitalappreciation • BonusOption • Dividend Option offering Dividend Re-investment and • Quarterly Dividend Option offering Dividend Re- • Regular Dividend Option and Quarterly Dividend Option - DividendPay-outfacilities investmentandDividendPay-outfacilities offering Dividend Re-investment and Dividend Pay-out Note: Direct Plan is for investors who purchase /subscribe • RegularDividendOptionofferingDividendRe-investment facilities Units in a Scheme directly with the Fund and is not availableandDividendPay-outfacilities Note: Direct Plan is for investors who purchase /subscribefor investors who route their investments through a Note: Direct Plan is for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not availabletributor. Direct Plan shall have a lower expense ratioUnits in a Scheme directly with the Fund and is not available for investors who route their investments through a excluding distribution expenses, commission, etc and no for investors who route their investments through a Distributor. Direct Plan shall have a lower expense ratio commission for distribution of Units will be paid / chargDistributor. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no undertheDirectPlan. excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged commission for distribution of Units will be paid / charged undertheDirectPlan. undertheDirectPlan. ApplicableNAVfor Please refer point “C” of “Information Common for Schemes” in this KIM ongoingpurchaseandsale MinimumApplication/ For both the plans: ` 500/- and in multiples of ` 500/- for Purchases including For both the plans: Purchases through Systematic Investment Plan (SIP)/ Redemptions Purchase Additional Purchase SystematicTransferPlan(STP)andAdditionalPurchases. Purchase Additional Purchase ` 5,000 and in multiples ` 1,000 and in multiples ` 5,000 and in multiples ` 1,000 and in multiples of ` 1 of ` 1 UnitsareofFaceValueof`10/-each. of ` 1 of ` 1 Units are of Face Value of 10/- each. MinimumRedemptionAmount Investments through SIP / STP Investments through SIP / STP ` 500/- (or equivalent Unit value), or account balance, Minimum Instalment Minimum Minimum Installment Minimum whicheverislower. Amount Duration Amount Duration For investors transacting through the Stock Exchange Daily SIP/STP ` 300/- and in multiples of 1 month Daily SIP/STP ` 300/- and in multiples 1 month Facility (i.e. the facility for transacting (purchase / ` 100/- thereafter of ` 100/- thereafter redemption) in the Units of the Scheme through the stock (eg:` 400/-, 500/-, (eg:` 400/-, 500/-, exchangeinfrastructure,intermsofSEBICircularNo.SEBI/ 600/- etc) 600/- etc) IMD / CIR No.11/183204/ 2009 dated November 13, 2009 Monthly SIP/STP ` 1,000/- and in multiplesf 6 months and in accordance with the guidelines specified by the ` 100/- thereafter Monthly SIP/STP `1,000/- and in multiples 6 months Exchange from time to time), the minimum quantity for (eg:` 1,100/-, 1,200/-, of` 100/- thereafter redemption must be 50 Units or such other quantity as may 1,300/- etc) (eg:` 1,100/-, 1,200/-, be specified by the AMC/ Exchange from time to time. If the 1,300/- etc) account balance is less thanthe minimum number of Units Minimum investment amount criteria does not apply for Note: Minimum investment amount criteria does not apply specified, further partial redemption will not be allowed andstmentsmadeintheSchemethroughLiq-uityfacility. forinvestmentsmadeintheSchemethroughLiq-uityfacility. the entire balance will be redeemed in response to any UnitsareofFaceValueof 10/-each MinimumRedemption redemptionapplicationreceivedfromtheinvestor. MinimumRedemption The minimum amount for redemption shall be ` 1,000 or The minimum amount for redemption shall be ` 1,000 or equivalentUnitvalue,orentireaccountbalancewhicheveris equivalentUnitvalue,orentireaccountbalancewhicheveris lower. lower. For investors transacting through the Stock Exchange For investors transacting through the Stock Exchange Facility (i.e. the facility for transacting (purchase/ Facility (i.e. the facility for transacting (purchase / redemption) in the Units of the Scheme through the stock redemption) in the Units of the Scheme through the stock exchangeinfrastructure,intermsofSEBICircularNo.SEBI/ exchangeinfrastructure,intermsofSEBICircularNo.SEBI/ IMD / CIR No.11/183204/ 2009 dated November 13, 2009 IMD / CIR No.11/183204/ 2009 dated November 13, 2009 and in accordance with the guidelines specified by the and in accordance with the guidelines specified by the Exchange from time to time), the minimum quantity for Exchange from time to time), the minimum quantity for redemptionmustbe100Unitsorsuchotherquantityasmay redemptionmustbe100Unitsorsuchotherquantityasmay be specified by the AMC/ Exchange from time to time. If the be specified by the AMC/ Exchange from time to time. If the account balance is less than the minimum number of Units account balance is less than the minimum number of Units specified, further partial redemption will not be allowed and specified, further partial redemption will not be allowed and the entire balance will be redeemed in response to any the entire balance will be redeemed in response to any redemptionapplicationreceivedfromtheinvestor. redemptionapplicationreceivedfromtheinvestor. 2 Name(s) of the Scheme(s) BOIAXAEQUITYFUND BOIAXATAXADVANTAGEFUND BOIAXAFOCUSED INFRASTRUCTURE FUND DespatchofRepurchase The Fund will endeavor to dispatch redemption proceeds Within10 working days of the receipt of the redemption The Fund will endeavor to dispatch redemption proceeds within 3 Business Days from the acceptance of the request at the authorised centre of BOI AXA Mutual Fund. within 3 Business Days from the acceptance of the (Redemption)Request Redemptionrequest,butnotlaterthan10workingdays. (Redemptions are subject to lock-in period of 3 years from Redemptionrequest,butnotlaterthan10workingdays. thedateofrespectiveallotment). BenchmarkIndex CNX Nifty Index CNX Nifty Index CNX Infrastructure Index DividendPolicy Please refer point “D” of section “Information Common for Schemes” in this KIM NameoftheFundManager Mr. Gaurav Kapur Fund Manager - Mr. Gaurav Kapur & Mr. Gaurav Kapur Asst. Fund Manager - Mr. Saurabh Kataria NameoftheTrusteeCompany BOI AXA Trustee Services Private Limited Performanceofthescheme Compounded Annualised Returns% Compounded Annualised Returns% Compounded Annualised Returns% Scheme Name Last 1 Last 3 Since Scheme Name Last 1 Last 3 Since Scheme Name Last 1 Last 3 Since Year Year Inception Year Year Inception Year Year Inception (as on (as on (as on (as on (as on (as on (as on (as on (as on March 28, March 28, March 28, March 28, March 28, March 28, March 28, March 28, March 28, 2013) 2013) 2013) 2013) 2013) 2013) 2013) 2013) 2013) BOI AXA Equity Fund - 4.51% -1.10% 14.12% BOI AXA Tax Advantage 4.91% -1.77% 22.13% BOI AXA Focused -9.84% -10.78% -10.46% Regular Plan Fund - Regular Plan Infrastructure Fund CNX Nifty 7.31% 2.46% 18.39% CNX Nifty 7.31% 2.46% 19.31% CNX Infrastructure Index -11.93% -13.24% -12.71% Absolute Returns (%) for each financial year for the last 5Absolute Returns (%) for each financial year for the last 5 Absolute Returns (%) for each financial year for the last 4 years 78.50% 120.00% 116.95% 5.00% 80.00% 73.76% 110.00% 0.78% 2.30% 70.00% 190.00% 0.00% 60.00% 80.00% 73.76% 50.00% 60.00% -5.00% 40.00% 50.00% 30.00% 40.00% -10.00% -8.99%-10.11% -9.84% 20.00% 12.01% 11.14% 7.31% 20.00% 9.54% 9.31% 11.14% -11.93% 10.00% 2.92% 4.51% 10.00% 4.91% 7.31% -15.00% -13.69% 0.00% -0.28% 0.00% -20.00% -10.00% -6.44% -9.23% -10.00% -2.10% -7.36% -9.23% Since -18.45% Since Financial Financial Financial Financial Since Financial Financial FinancialFinancial inception Financial Financial Financial (Oct 29, 2008)archnded MarchendedMarch endeMarchr ended (Feb 27, 2009)archded YMarchnded MarchendeMarchr ended (March 10, YeMarchded YeMarchded YeMarchded to March 31, 2010 31, 2011 31, 2012 31, 2013 to March 31, 2010 31, 2011 31, 2012 31, 2013 2010) 31, 2011 31, 2012 31, 2013 31, 2009 31, 2009 BOI AXA Equity Fund - Regular PlanCNX Nifty to March 31, 2010 BOI AXA Tax Advantage Fund - Regular PlanX Nifty Inceptiondate–DateofFirstNAVi.e.29-10-2008 Inceptiondate–DateofFirstNAVi.e.27-2-2009 BOI AXA Focused Infrastructure Fund - Regular Plan Note: For the purpose of calculating the performance, the Note: for the purpose of calculating the performance the CNX Infrastructure Index inception date is considered to be the date of release of finception date is considered to be the date of release of firsteptiondate–DateofFirstNAVi.e.10-3-2010 NAV of the Scheme. The Returns shown are for the Growth NAV of the Scheme. The Returns shown are for the Growth Note: for the purpose of calculating the performance the Option. Performance of the dividend plan for the investor Option. Performance of the dividend plan for the investor inception date is considered to be the date of release of first would be net of the dividend distribution tax, as applicable. NAV of the Scheme. The Returns shown are for the Growth would be net of the dividend distribution tax, as applicableOption.Performanceofthedividendplanfortheinvestorwould Since the Direct Plan has been in existence only from Jan 1Since the Direct Plan has been in existence only from Jan 1,be net of the dividend distribution tax, as applicable. Since the 2013,theperformanceforDirectPlanhasnotbeenprovided 2013,theperformanceforDirectPlanhasnotbeenprovided Direct Plan has been in existence only from Jan 1, 2013, the asitisnotcomparableforthecurrentfinancialyear. asitisnotcomparableforthecurrentfinancialyear. performance for Direct Plan has not been provided as it is not Pastperformancemayormaynotbesustainedinfuture. Pastperformancemayormaynotbesustainedinfuture. comparableforthecurrentfinancialyear. Pastperformancemayormaynotbesustainedinfuture. SchemeInformation Assets Under Management (as at March 31, 2013): Assets Under Management (as at March 31, 2013): Assets Under Management (as at March 31, 2013): `49.94crores ` 33.60crores `13.52crores No.ofFolios(asatMarch31,2013):18,172 No.ofFolios(asatMarch31,2013):14,408 No.ofFolios(asatMarch31,2013):5,684 ExpensesoftheScheme LoadStructure LoadStructure LoadStructure Forcontinuousoffer: Forcontinuousoffer: Forcontinuousoffer: EntryLoad :Nil(Refer#below) EntryLoad :Nil(Refer#below) EntryLoad :Nil(Refer#below) ExitLoad :1%ifredeemedwithin1yearfromthedateof ExitLoad :Nil ExitLoad :1%ifredeemedwithin1yearfromthedateof allotment #Note: In terms of SEBI circular no. SEBI/IMD/CIR No.4/ allotment #Note: In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be #Note: In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 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 charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’assessmentofvariousfactors investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the includingtheservicerenderedbythedistributor. investors’ assessment of various factors including the servicerenderedbythedistributor. servicerenderedbythedistributor. Bonus Units, if any, and Units issued on re-investment of Bonus Units, if any, and Units issued on re-investment of Bonus Units, if any, and Units issued on re-investment of dividendsshallnotbesubjecttoEntryandExitLoads. dividendsshallnotbesubjecttoEntryandExitLoads. dividendsshallnotbesubjecttoEntryandExitLoads. Investments through SIP/STP and redemptions of any such Investments through SIP/STP/ Liq-uity facility and investmentswillattractExitLoadsasapplicable. Investments through SIP/STP/ Liq-uity facility and redemptions of any such investments will attract Exit LoadsRecurringWeekly average First ` Next ` Next ` Balanceedemptions of any such investments will attract Exit Loads asapplicable. Expenses Net Assets 100 300 300 asapplicable. RecurringWeekly average First ` Next ` Next ` Balance crores crores crores RecurringWeekly average First ` Next ` Next `Balance Expenses Net Assets 100 300 300 Maximum as % of weekly 2.50% 2.25% 2.00% 1.75% Expenses Net Assets 100 300 300 crores crores crores average net assets crores crores crores Maximum as % of weekly 2.50% 2.25% 2.00% 1.75% Actual expenses for the previous financial year: (2012-13) Maximum as % of weekly 2.50% 2.25% 2.00% 1.75% average net assets Regular Plan : 2.75% average net assets Actual expenses for the previous financial year: (2012-13) Actual expenses for the previous financial year: (2012-13) Regular Plan : 2.77% Direct Plan shall have a lower expense ratio excluding 2.71% Direct Plan shall have a lower expense ratio excluding distributionexpenses,commission,etcandnocommission Direct Plan shall have a lower expense ratio excluding distributionexpenses,commission,etcandnocommission fordistributionofUnitswillbepaid/chargedundertheDirect distributionexpenses,commission,etcandnocommission Plan. fordistributionofUnitswillbepaid/chargedundertheDirect fordistributionofUnitswillbepaid/chargedundertheDirect Please refer point “E” of section “Information Common for Plan. Plan. Schemes” in this KIM Please refer point “E” of section “Information Common for Please refer point “E” of section “Information Common for Schemes”inthisKIM Schemes”inthisKIM Please also refer to "Tax treatment for the investors" and "Information Common for Scheme" in this KIM below. Information Common for Schemes Information Common for Schemes A.RiskProfileoftheScheme The liquidity and valuation of the Scheme's investments due to its holdings of unlisted securities may be MutualFundUnitsinvolveinvestmentrisksincludingthepossiblelossofprincipal.PleasereadtheScheme affected if they have to be sold prior to the target date of disinvestment. Fixed Income instruments may be subject to price volatility due to factors such as changes in interest rates, general level of market liquidity and InformationDocument(SID)oftheschemescarefullyfordetailsonriskfactorsbeforeinvestment.Scheme marketperceptionofcreditworthinessoftheissuerofsuchinstruments. specificRiskFactorsaresummarizedbelow: Different types of securities in which the Scheme would invest, carry different levels and types of risk. Equity and equity related securities are volatile and carry risk of price fluctuations on an ongoing basis. Accordingly, the Scheme's risk may increase or decrease depending upon its investment pattern. e.g. liquidity of investments made in the Scheme may be restricted by trading volumes and settlement periods. corporate bonds carry a higher amount of risk than Government securities. Further, even among corporate Settlementperiodsmaybeextendedsignificantlybyunforeseencircumstances.TheinabilityoftheSchemeto bonds,bondswhichareratedAAAarecomparativelylessriskythanbondswhichareAArated. make intended securities purchases due to settlement problems could cause the Scheme to miss certain ForfurtherRiskFactors,pleaserefertotheSchemeInformationDocumentsoftheschemes. investment opportunities. Similarly, the inability to sell securities held in the Scheme's portfolio may result, at times,inpotentiallossestotheScheme,shouldtherebeasubsequentdeclineinthevalueofsecuritiesheldin B.RiskManagementStrategy theScheme'sportfolio. Risk Management is integral to the portfolio management process and endeavours to monitor and align the Investmentsinequityandequityrelatedsecuritiesinvolveadegreeofriskandinvestorsshouldnotinvestinthe financial risk profile of the actual scheme portfolio with the stated investment objective of the scheme and, as Schemeunlesstheycanaffordtotaketheriskoflosingtheirinvestment. such,thefinancialrisksassociatedwiththatinvestmentobjective. 3 Information Common for Schemes Information Common for Schemes Various financial risks are applicable to the schemes, as given above and also the Risk Factors section as G.DailyNetAssetValue(NAV)publication detailedintherespectiveSchemeInformationDocuments.Thesefinancialrisksaremeasuredandmonitored TheNAVwillbedeclaredonallBusinessDaysandwillbereleasedforpublicationin2newspapers.NAVcan on a regular basis, with a view to managing these within levels, which, under normal market conditions, thealsobeviewedonwww.BOIaxa-im.comandwww.amfiindia.com.ForBOIAXATaxAdvantageFund,itmaybe Fundviewsasbeingconsistentwiththeinvestmentobjectiveofthescheme. noted that the first re-purchase/ redemption price will be published only after 1 year from the date of first Risk RiskMonitoring/ManagementStrategy allotmentandthereafterforallBusinessDays. ForFixedIncomeInvestments H.ForInvestorGrievances,pleasecontact InterestRateRisk Interest rate sensitivity parameters such as interest rate duration and averageRegistrar&TransferAgent: AssetManagementCompany: maturity-forindividualinstrumentsaswellasportfolioaggregates-areusedto monitor interest rate risk. These metrics are maintained within levels which, KarvyComputersharePvt.Ltd. MrShubroSankhaDasSarma under normal market conditions, the Fund views as being consistent with the KarvyRegistryHouse Head-Operations&CustomerService investmentobjectiveofthescheme #8-2-596,Avenue4, BOIAXAInvestmentManagersPrivateLimited CreditRisk Internal Credit Analysis is undertaken for non-sovereign issuers whose fixed StreetNo.1,BanjaraHills, 51,5thFloor,EastWing,KalpataruSynergy, income securities are invested in by the fund. In addition to internal analysis, process also includes obtaining information from one or several external creditHyderabad–500034 Vakola,Santacruz(E),Mumbai-400055,India. ratingagenciese.g.,CRISIL,ICRA,CAREandFitch. Email:Service@boiaxa-im.com LiquidityRisk Managed by maintaining a portion of the portfolio in cash, cash equivalents, CustomerEngagementCenters: moneymarketinstrumentsandsovereigninstrumentswhichreducetheoverall TollfreeNumber:18001032263 • AlternateNumber:020-40112300 portfolioliquidityrisk. ForEquityInvestments I. Unitholder’s Information Concentrationrisk Investing in a diversified portfolio of companies and industry sectors within thecountStatement: defined investment universe. (It should be noted that for schemes where the • An allotment confirmation specifying the units allotted shall be sent by way of email and/or SMS within 5 objective is to invest in specific sectors, concentration risk is inherently higher Business Days of receipt of valid application/transaction to the Unit holders registered e-mail address thanschemeswithalargerinvestmentuniverse.) and/ormobilenumber. LiquidityRisk Secondarymarketliquidityofequityinvestmentsoftheschemesaremonitored • Thereafter, a Consolidated Account Statement (CAS), generated based on PAN, containing details at aggregate portfolio levels. Investment in unlisted stocks would tend to be a relatingtoallthetransactionscarriedoutbytheinvestoracrossallschemesofallmutualfundsduringthe smallpartoftheportfolio. monthandholdingattheendofthemonthshallbesenttotheUnitholderinwhosefoliotransactionshave C.ApplicableNetAssetValue(NAV) takenplaceduringthatmonth,onorbefore10thofthesucceedingmonthbymail/email. • In case of a specific request received from the Unit holders, the AMC/Fund will provide an account TheCut-offtimefortheSchemeis3pmandtheApplicableNAVwillbeasunder: suchrequestbymail/email.sactionsoftheFund)totheinvestorswithin5BusinessDaysfromthereceiptof ForPurchase/switch-in: a) InrespectofvalidPurchaseapplications(alongwithnecessarydocuments)ofinvestmentamountlessthan • Mutual Fund/ AMC shall dispatch an account statement within 5 Business Days from the date of theThe `2lacsacceptedatanOfficialPointofacceptancealongwithalocalchequeordemanddraftpayableatpar receiptofrequestfromtheUnitholder. at the place where it is received up to 3 pm on a Business Day, the closing NAV of the day of receipt of• Further, the CAS detailing holding across all schemes of all mutual funds at the end of every six months applicationwillbeapplicable; (i.e. September/ March), shall be sent by mail/e-mail on or before 10th day of succeeding month, to all b) InrespectofvalidPurchaseapplications(alongwithnecessarydocuments)ofinvestmentamountequalto suchUnitholdersinwhosefoliosnotransactionhastakenplaceduringthatperiod. ormorethan`2lacsacceptedatanOfficialPointofacceptancealongwithalocalchequeordemanddraft The half yearly consolidated account statement will be sent by e-mail to the Unit holders whose email payableatparattheplacewhereitisreceivedupto3pmonaBusinessDay,andthefundsareavailablefor addressisavailable,unlessaspecificrequestismadetoreceiveinphysicalform. utilization before the cut-off time without availing any credit facility, whether intraday or otherwise,•theThe holding(s) of the beneficiary account holder for units held in demat mode will be shown in the closingNAVofthedayofreceiptofapplicationwillbeapplicable; statementissuedbyrespectiveDepositoryParticipants(DPs)periodically. c) InrespectofvalidPurchaseapplications(alongwithnecessarydocuments)ofinvestmentamountlessthan For more details, please refer the Scheme Information Document (SID) and Statement of Additional Rs.2lacsacceptedatanOfficialPointofAcceptancealongwithalocalchequeordemanddraftpayableat Information(SAI). parattheplacewhereitisreceivedafter3pmonaBusinessDay,theclosingNAVofthenextBusinessDay MonthlyPortfolioDisclosure willbeapplicable, d) InrespectofvalidPurchaseapplications(alongwithnecessarydocuments)ofinvestmentamountequalto websiteviz.www.boiaxa-im.comonorbeforethetenthdayofsucceedingmonth.iendly and downloadable format on the ormorethan`2lacsacceptedatanOfficialPointofAcceptancealongwithalocalchequeordemanddraft utilization on the same day without availing any credit facility, whether intra-day or otherwise, the closingearlyDisclosures,Portfolio NAVofthenextBusinessDaywillbeapplicable,and The Fund shall before the expiry of one month from the close of each half-year (March 31st and September 30th)publishacompletestatementofSchemeportfolio,intheprescribedformat,inonenationalEnglishdaily e) Irrespectiveofthetimeofreceiptofapplicationofinvestmentamountequaltoormorethan`2lacs,where Mutual Fund is situated. Scheme portfolio details shall also be hosted on the website of the Mutual Fundthe intra-day or otherwise, the closing NAV of the day on which the funds are available for utilization will beely,www.boiaxa-im.comandonthewebsiteofAMFInamely,www.amfiindia.com. applicable. HalfYearlyResults Forallotmentofunits,itshallbeensuredthat: September,hostasoftcopyofitsunauditedfinancialresultsonitswebsitenamely,www.boiaxa-im.comandan and on 30th a) For all valid applications of investment amount less than ` 2 lacs the application is received before thadvertisement disclosing the hosting of such financial results on its website, in at least one English daily applicablecut-offtime; newspaperhavingnationwidecirculationandinanewspaperhavingwidecirculationpublishedinthelanguage b) Forallvalidapplicationsofinvestmentamountequaltoormorethan`2lacs oftheregionwheretheHeadOfficeofthemutualfundissituated. • theapplicationisreceivedbeforetheapplicablecut-offtime, TheUnauditedFinancialResultsshallalsobehostedonthewebsiteofAMFInamely,www.amfiindia.com. • Funds for the entire amount of subscription/purchase as per the application/switch-in request are AnnualReport creditedtothebankaccountoftheSchemebeforethecut-offtime, the report or an abridged summary thereof will be mailed to all Unit Holders as soon as possible but not later • Tintra-dayorotherwise,bytheScheme.ation before the cut-off time without availing any credit facility wthan4(Four)monthsfromtheclosureoftherelevantfinancialyear. AnnualreportwillbeavailableforinspectionattheregisteredofficeoftheMutualFundandacopythereofon ForRedemption/Switchout/STP: request to the Unit Holders on payment of a nominal fee. In case of Unit Holders whose email addresses are a) In respect of valid applications accepted at an Official Point ofAcceptance up to 3.00 p.m. on a BusinesavailabletotheMutualFund,theAMCshallsendtheannualreportoftheSchemeonlybyemail.Incaseofthe Day,theclosingNAVofthesamedaywillbeapplicable;and investorswhowishtoreceivetheannualreportinphysicalformtheyshouldindicatethesametotheAMC. In respect of valid applications accepted at an Official Point ofAcceptance after 3.00 p.m., the closing NAIn case of unitholders whose email addresses are not available with the Mutual Fund, the AMCs shall thenextBusinessDaywillbeapplicable. communicatetotheunitholderstoobtaintheiremailaddressesforregistrationofthesameintheirdatabase. D.DividendPolicy TheAMCshalldisplaythelinkoftheschemeannualreportorabridgedsummaryprominentlyonitswebsiteand DependingontherespectivePlansandOptionsoftheScheme,theSchemewillendeavortodeclaredividends makethephysicalcopiesavailabletotheinvestorsatitsregisteredofficeatalltimes. asmentionedintheSchemeInformationDocument. dividends will be paid in accordance with procedure prescribed by SEBI circular dated April 4, 2006.he NAV.Tax treatment for the Investors (Unitholders) Declaration of dividends will be subject to availability of distributable profits, as computed in accordance with SEBI Regulations, 1996.All distribution of earnings will be out of distributable surplus and at the discretion of BOI AXA Equity Fund, BOI AXA Tax Advantage Fund the Trustee. The Trustee’s decision with regard to availability and adequacy, rate, timing and frequency of and BOI AXA Focused Infrastructure Fund dividenddeclarationshallbefinal. Thedividends,ifdeclared/paid,mayvaryfordifferentpay-outperiods. Mutual Fundity’oriented Resident Investor * Mutual Fund nextworking/BusinessDaywillbeconsideredasarecorddate.AllUnitholdersintherespectivePlans,whose namesappearintheRegisterofUnitholdersontherecorddate,willbeeligibletoreceivethedividend. Tax on Dividend Nil Nil – In case of equity oriented fund (Refer Note) not be paid, but shall be compulsorily reinvested irrespective of the Unit holder having selected the Payoutong-term capital gains Nil - In case of equity oriented fund Nil Option. Short-term capital gains 15% - in case of equity oriented Nil fund# E.RecurringExpenses Business income 10 - 30% based on the total income Nil InadditiontotherecurringexpensesspecifiedfortheScheme(s),thefollowingexpenses/ServiceTaxmayalso of the investor## bechargedundertheScheme(s)- AnequityorientedfundhasbeendefinedasaschemeofaMutualFundwheretheinvestiblefundsareinvested (a)Expenses in respect of inflows from beyond top 15 cities - a maximum charge of 0.30% on the daily net inequitysharesofdomesticcompaniestotheextentofmorethan65%ofthetotalproceedsofsuchfund. The assets computed as per the guidelines issued by SEBI for meeting distribution expenses incurred for monthlyaveragesoftheopeningandclosingfigures. shall be computed with reference to the annual average of the bringinginflowsfromsuchcities; (b)Expenses not exceeding 0.20% p.a. of daily net assets towards Investment Management and Advisory repurchaseofunits. mutual fund will attract securities transaction tax (STT) at applicable rates on redemption / Feesandthevarioussub-headsofrecurringexpensesmentionedunderRegulation52(2)and(4)ofSEBI *Thetaxratewouldbeincreasedbyasurchargeof: (MF)Regulationsrespectively; (c) ServiceTaxonInvestmentManagementandAdvisoryFees. i. exceed 100,000,000ccorporateUnitHolders,wherethetotalincomeexceeds`10,000,000butdoesnot F.WaiverofLoadforDirectApplication ii. 10%incaseofdomesticcorporateUnitHolderswherethetotalincomeexceeds 100,000,000 NoEntryLoadshallbechargedonapplicationreceivedonorafterAugust1,2009,includingDirect iii`10,000,000eofindividuals,firms,localauthorityandco-operativesocietieswherethetotalincomeexceeds Application. DirectApplication means application for purchase of Units received from investors / UnitholderFurther,anadditionalsurchargeof3%bywayofeducationcesswouldbechargedonamountoftaxinclusiveof whicharelodgeddirectlyattheISCs/DesignatedCollectionCentresormadethroughtheAMCWebsite,and surchargeforallUnitHolders. suchintermediary.tamporcodeofanydistributor,sub-distributor,agentorbrokerornotroutedthroughany TheFinanceBill,2013,proposestoprovideataxrebateof 2,000perannumagainstincometaxpayableby residentindividualswithtotalincomeupto 500,000perannum. ForDirectApplication,investorsshouldnotethefollowingforensuringthattheapplicationistreatedasaDirect #IncaseofresidentindividualsandHUFs,wherethetotalincomeasreducedbytheshort-termcapitalgains,isbelow Application: the maximum amount which is not chargeable to income-tax, then, such short-term capital gains will be reduced to 1. Broker code, if already printed on the application form, should be crossed-out / struck-off and investortheextentoftheshortfallandonlythebalanceshort-termcapitalgainswillbesubjectedtothe15%taxrate. shouldcountersignbesidesthesame. ## Assuming that the total income in case of individuals, HUF / Association of Persons (AOP) / Body of 2. Wherethebrokercodeblockintheapplicationformisblank,itisadvisabletocrossout/strike-offorindicate Individuals(BOI)exceedsthebasicexemptionlimit( 500,000incaseofresidentind
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