Bank of India Midcap Tax Fund Series 1 Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 06-01-2025
₹ 27.8
Inception Returns
16.5%
/yr
About Bank of India Midcap Tax Fund Series 1 Direct Growth
Bank of India Midcap Tax Fund Series 1 Direct Growth is an equity fund. This fund was started on 26 February, 2018. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Midcap Tax Fund Series 1 Direct Growth has ₹67 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
Bank of India Midcap Tax Fund Series 1 Direct Growth has given a CAGR return of 16.52% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.99%, 14.93% and 25.36% respectively.
Holdings
Bank of India Midcap Tax Fund Series 1 Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Consumer Defensive, Communication, Real Estate, Energy. Its top holdings are UNO Minda Ltd, Dixon Technologies (India) Ltd, Info Edge (India) Ltd, Lupin Ltd, HDFC Bank Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Bank of India Midcap Tax Fund Series 1 Direct Growth
"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. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns."
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 0.00. There is a lock in period for Bank of India Midcap Tax Fund Series 1 Direct Growth of 3 Years
Historical NAV & Returns
Bank of India Midcap Tax Fund Series 1 Direct Growth Overview
| Expense ratio | 1.28% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹67 Cr |
| Inception Date | 26 February, 2018 |
| Min Lumpsum/SIP | --/-- |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 50.96% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (06-Jan-25)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 0.25% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.85% in Nov'24
- AUM of the fund stands at 66.9 Cr as of Nov'24
- AUM has remained same between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 UNO Minda Ltd | 4.65% | 0% | |
 Dixon Technologies (India) Ltd | 4.49% | 0% | |
 Info Edge (India) Ltd | 3.78% | 0% | |
 Lupin Ltd | 3.76% | 0% | |
 HDFC Bank Ltd | 3.3% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Lupin Ltd | 12.7% |
 Dixon Technologies (India) Ltd | 5.8% |
 Oberoi Realty Ltd | 4.2% |
Bank of India Midcap Tax Fund Series 1 Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹67 Cr
Expense Ratio 1.28%
Frequently Asked Questions for Bank of India Midcap Tax Fund Series 1 Direct Growth
Bank of India Midcap Tax Fund Series 1 Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.96% | 0.96% |
6 Month Returns | -2.36% | -2.36% |
1 Year Returns | 22.99% | 22.99% |
3 Years Returns | 51.81% | 14.93% |
5 Years Returns | 209.55% | 25.36% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Midcap Tax Fund Series 1 Direct Growth | 4 | -0.53 | 6.41 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Midcap Tax Fund Series 1 Direct Growth | 0.96 | 1 | 0.89 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India Midcap Tax Fund Series 1 Direct Growth | 1 | 0.57 | 1 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India Midcap Tax Fund Series 1 Direct Growth | 12.18 | 15.26 | 18.88 |