Bank of India Midcap Tax Fund Series 2 Direct Growth
Equity
Direct
Equity - Other
NAV as on 06-01-2025
₹ 33.05
▲0.1%
1D
Inception Returns
21.7%
/yr
About Bank of India Midcap Tax Fund Series 2 Direct Growth
Bank of India Midcap Tax Fund Series 2 Direct Growth is an equity fund. This fund was started on 19 October, 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 2 Direct Growth has ₹36 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.4.
Returns
Bank of India Midcap Tax Fund Series 2 Direct Growth has given a CAGR return of 21.74% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.93%, 15.02% and 23.79% respectively.
Holdings
Bank of India Midcap Tax Fund Series 2 Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Health, Basic Materials, Industrial, 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 equity - other 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 2 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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 0.00. Bank of India Midcap Tax Fund Series 2 Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
Bank of India Midcap Tax Fund Series 2 Direct Growth Overview
| Expense ratio | 1.42% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹36 Cr |
| Inception Date | 19 October, 2018 |
| Min Lumpsum/SIP | --/-- |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 53.16% |
| 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)
Mid cap
66%
Large cap
17.5%
Small cap
12.9%
Sector Allocation
Financial Services
23.4%
Consumer Cyclical
14.3%
Tech
13.3%
Health
11.1%
Basic Materials
10%
Industrial
9.5%
Consumer Defensive
7.2%
Communication
6.5%
Real Estate
3.1%
Energy
1.5%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.09% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.69% in Nov'24
- AUM of the fund stands at 35.6 Cr as of Nov'24
- AUM decreased by 0.2 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Manorama Industries Ltd's allocation increased from 1.18% to 2.21%
Info Edge (India) Ltd's allocation increased from 3.36% to 3.75%
Coforge Ltd's allocation increased from 2.26% to 2.58%
Top Stocks sold last month
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 4.43 %
Lupin Ltd's allocation decreased from 3.94 % to 3.71 %
Indian Bank's allocation decreased from 3.39 % to 3.31 %
Mid Cap allocation has gone up from 65.5% to 66%
Large Cap allocation has gone up from 17.4% to 17.5%
Small Cap allocation has gone down from 13.6% to 12.9%
Cash allocation has gone down from 2.7% to 2.4%
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Tech
Nov'24
Financial Services
23%
Consumer Cyclical
14%
Tech
13%
Oct'24
Financial Services
23%
Consumer Cyclical
15%
Tech
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 UNO Minda Ltd | 4.72% | -5.3% | |
 Dixon Technologies (India) Ltd | 4.43% | 0% | |
 Info Edge (India) Ltd | 3.75% | 0% | |
 Lupin Ltd | 3.71% | 0% | |
 HDFC Bank Ltd | 3.33% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Lupin Ltd | 12.7% |
 Dixon Technologies (India) Ltd | 5.8% |
 Oberoi Realty Ltd | 4.2% |
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Fund House
Bank of India Investment Managers Private Limited
Total Schemes
Total AUM
₹11.16K Cr
as on 29-Nov-2024
Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Phone
+912240479000
Website
service@boimf.in
Bank of India Midcap Tax Fund Series 2 Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 21.74% since inception which is more than its category average return of 16.86%
Fund Allocations
This fund has an allocation of 97.64% in Equity, 0% in Debt and 2.36% in Cash related instruments
AUM size ₹36 Cr
This fund has AUM of ₹36 Cr which is less than its category average of ₹ 2187 Cr
Expense Ratio 1.42%
This fund has an expense ratio of 1.42% which is more than its category average expense ratio of 1.18%
Frequently Asked Questions for Bank of India Midcap Tax Fund Series 2 Direct Growth
The current NAV of Bank of India Midcap Tax Fund Series 2 Direct Growth is ₹33.05 as on 06-Jan-2025.
Existing (Absolute + CAGR) as on 06-Jan-2025.
Bank of India Midcap Tax Fund Series 2 Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.95% | 0.95% |
6 Month Returns | -2.64% | -2.64% |
1 Year Returns | 21.93% | 21.93% |
3 Years Returns | 52.18% | 15.02% |
5 Years Returns | 190.66% | 23.79% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
1.42% as on December 2024
₹36 Cr as on December 2024
UNO Minda Ltd(4.72%), Dixon Technologies (India) Ltd(4.43%), Info Edge (India) Ltd(3.75%), Lupin Ltd(3.71%), HDFC Bank Ltd(3.33%) as on December 2024
Financial Services(22.85%), Consumer Cyclical(13.98%), Tech(12.97%) as on December 2024
The alpha ratio for the Bank of India Midcap Tax Fund Series 2 Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Midcap Tax Fund Series 2 Direct Growth | 3.09 | -0.4 | 4.77 |
As on December 2024
The alpha for Bank of India Midcap Tax Fund Series 2 Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Bank of India Midcap Tax Fund Series 2 Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Midcap Tax Fund Series 2 Direct Growth | 0.95 | 0.99 | 0.92 |
As on December 2024
The Beta for Bank of India Midcap Tax Fund Series 2 Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Bank of India Midcap Tax Fund Series 2 Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India Midcap Tax Fund Series 2 Direct Growth | 0.93 | 0.58 | 0.92 |
As on December 2024
The sharpe ratio for Bank of India Midcap Tax Fund Series 2 Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Bank of India Midcap Tax Fund Series 2 Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India Midcap Tax Fund Series 2 Direct Growth | 12.12 | 14.99 | 19.4 |
As on December 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1 as on December 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of Bank of India Midcap Tax Fund Series 2 Direct Growth is 0%