Can I invest in SIP and Lumpsum in Bank of India Midcap Tax Fund - Series 1 (G) Direct Growth?

Yes, you can invest both lumpsum and SIP in Bank of India Midcap Tax Fund - Series 1 (G). Minimum lumpsum investment Bank of India Midcap Tax Fund - Series 1 (G) is ₹500 and minimum SIP amount is 0% . Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

What is the NAV of Bank of India Midcap Tax Fund - Series 1 (G) Direct Growth?

The latest NAV ( Net Asset Value ) of Bank of India Midcap Tax Fund - Series 1 (G) is Bank of India Midcap Tax Fund - Series 1 (G) is ₹24.02 as on 2025-05-06.

Which are the biggest stock holdings of Bank of India Midcap Tax Fund - Series 1 (G)?

The 5 biggest stock holdings of Bank of India Midcap Tax Fund - Series 1 (G) are: Coforge (4.51%), HDFC Bank (4.43%), Uno Minda (4.33%), Dixon Technolog. (3.81%), PB Fintech. (3.46%)

What are the top sectors Bank of India Midcap Tax Fund - Series 1 (G) invests in?

A majority of Bank of India Midcap Tax Fund - Series 1 (G) 's AUM worth ₹56.79 (Cr) is invested in these 3 top sectors: Banks : 11.61% Electrical Equipments : 8.66% Pharmaceuticals & Biotech : 8.40%

Mutual Funds
AMC
Bank of India Midcap Tax Fund - Series 1 (G)

Bank of India Midcap Tax Fund - Series 1 (G)

ELSS

Invest Now

NAV
24.02(-2.08%)
Fund Size (CR)
₹56.79
Expense Ratio
1.71
Scheme Type
Active Fund
Value Research

Min. investment
₹500
Minimum Additional Investment
₹0
Minimum SIP Investment
₹undefined
Minimum Withdrawal
₹500
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
0%
Return Since Launch
13.25%

Absolute Return: -3.53%

Annualized Return: 0%

Basic Details

Scheme Manager

Nilesh Jethani

Bench Mark

BSE 500 TRI

Type

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	28 April 2025	10078.06	0.78%	-	0.19%	7/217
1 Month	4 April 2025	10796.65	7.97%	-	6.17%	5/217
3 Month	5 February 2025	9800.24	-2.00%	-	0.09%	168/217
6 Month	5 November 2024	9132.54	-8.67%	-	-4.50%	169/213
1 Year	3 May 2024	9672.71	-3.27%	-3.27%	6.03%	198/213
3 Year	5 May 2022	15417.98	54.18%	15.51%	17.81%	164/203
5 Year	5 May 2020	30135.14	201.35%	24.67%	26.54%	126/203
Since Inception	19 February 2018	24530.00	145.30%	13.25%	15.33%	165/217

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	3 June 2024	1,20,000	110674.37	-7.77%	-7.77%
3 Year	1 June 2022	3,60,000	424770.86	17.99%	5.67%
5 Year	1 June 2020	6,00,000	866627.59	44.44%	7.63%
10 Year	-	-	-	-	-

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

5.06%

Standard Deviation

1.09%

Beta

0.48%

Sharpe Ratio

-0.03%

Treynor's Ratio

1.70%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
Coforge	4.51%	3157	2.56	Equity	IT - Software
HDFC Bank	4.43%	13750	2.51	Equity	Banks
Uno Minda	4.33%	28100	2.46	Equity	Auto Ancillaries
Dixon Technolog.	3.81%	1642	2.16	Equity	Consumer Durables
PB Fintech.	3.46%	12375	1.97	Equity	IT - Software
Indian Bank	3.41%	35784	1.94	Equity	Banks
Lloyds Metals	3.14%	13870	1.79	Equity	Mining & Mineral products
Ipca Labs.	2.92%	11050	1.66	Equity	Pharmaceuticals
Abbott India	2.89%	534	1.64	Equity	Pharmaceuticals
Manorama Indust.	2.81%	15016	1.59	Equity	FMCG

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
SBI Long Term Advantage Fund - Series V -Dir (G)	342.25	7.06%	6.09%	2.47%	29.62%	22.43%
SBI Long Term Advantage Fund-Series V -Dir (IDCW)	342.25	7.06%	6.09%	2.47%	29.62%	22.43%
WhiteOak Capital ELSS Tax Saver Fund - Direct (G)	341.11	6.21%	0.64%	-1.04%	14.82%	-
WhiteOak Capital ELSS Tax Saver Fund - Direct (IDCW)	341.11	6.21%	0.64%	-1.04%	14.82%	-
DSP ELSS Tax Saver Fund - Direct (G)	16217.91	5.75%	3.77%	-1.13%	14.50%	21.50%

List of Schemes under Bank of India Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
Bank of India Midcap Tax Fund - Series 2	Equity	Very High	-2.33%	0	₹29.90
Bank of India Business Cycle Fund	Equity	Very High	0%	0	₹514.97
Bank of India Arbitrage Fund	Hybrid	Low	7.59%	1	₹43.72
Bank of India Small Cap Fund	Equity	Very High	5.39%	4	₹1,574.18
Bank of India Midcap Tax Fund - Series 1	Equity	Very High	-2.98%	0	₹56.79
Bank of India Consumption Fund	Equity	Very High	0%	0	₹388.42
Bank of India Bluechip Fund	Equity	Very High	-0.44%	3	₹184.13
Bank of India ELSS Tax Saver	Equity	Very High	-3.17%	4	₹1,319.59
Bank of India Large & Mid Cap Equity Fund	Equity	Very High	1.98%	2	₹362.39
Bank of India Flexi Cap Fund	Equity	Very High	0.29%	4	₹1,962.03
Bank of India Money Market Fund	Debt	Moderately Low	0%	0	₹158.60
Bank of India Short Term Income Fund	Debt	Moderately Low	11.03%	0	₹114.11
Bank of India Overnight Fund	Debt	Low	6.67%	5	₹41.29
Bank of India Mid & Small Cap Equity & Debt Fund	Hybrid	Very High	4.84%	4	₹1,067.62
Bank of India Manufacturing & Infrastructure Fund	Equity	Very High	1.24%	4	₹513.93
Bank of India Liquid Fund	Debt	Moderately Low	7.37%	4	₹1,523.92
Bank of India Conservative Hybrid Fund	Hybrid	Moderate	5%	3	₹66.49
Bank of India Ultra Short Duration Fund	Debt	Moderate	7.52%	1	₹154.61
Bank of India Multi Cap Fund	Equity	Very High	4.2%	0	₹778.03
Bank of India Multi Asset Allocation Fund	Hybrid	Very High	6.24%	0	₹333.32
Bank of India Credit Risk Fund	Debt	Moderately High	5.94%	2	₹110.06
Bank of India Balanced Advantage Fund	Hybrid	Very High	2.76%	2	₹132.04

News

Bank of India Mutual Fund announces change in Exit Load Structure

Bank of India Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 02 May 2025

Change in Exit Load:

Name of the Scheme	Existing Exit Load Structure	Revised Exit Load Structure
Bank of India Arbitrage Fund :	' For Redemption/switch out - of up to 10% of the initial units allotted within 30 days from the date of allotment - NIL ' Any Redemption/Switch out - in excess of the above mentioned limit would be subject to an exit load of 0.50%, if the units are switched out within 30 days from the date of allotment of units ' If the units are redeemed/switched out after 30 days from the date of allotment of units - NIL	' Any Redemption/Switch out - would be subject to an exit load of 0.50%, if the units are redeemed/switched out within 15 days from the date of allotment of units. ' If the units are redeemed/switched out after 15 days from the date of allotment of units - NIL

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Bank of India Mutual Fund announces change in Key Personnel
Bank of India Mutual Fund has announced that Mr. Subrat Kumar has been appointed as an Associate Director on the Board of the Trustee Company with effect from April 01, 2025.
Details of Mr. Subrat Kumar,
Age: 54 years
Designation: Associate Director
Qualification:' B.Sc, MBA in Finance, CAIIB
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Fund House Details & Investment Objective

Date of Incorporation

10 November 2017

Total AUM (Cr)

₹56.79

Bank of India Midcap Tax Fund - Series 1 (G) is an ELSS-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in 10 November 2017, this fund is managed by Nilesh Jethani. With assets under management (AUM) worth ₹56.79 (Cr), as of 6 May 2025, Bank of India Midcap Tax Fund - Series 1 (G) is categorized as a ELSS within its segment. The fund has generated a return of 13.25% since its launch.
The current NAV of Bank of India Midcap Tax Fund - Series 1 (G) is ₹24.02, as on 6 May 2025. The fund's benchmark index is BSE 500 TRI. You can invest in Bank of India Midcap Tax Fund - Series 1 (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is - while the minimum lumpsum investment is ₹500.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated 15.51% and 24.67% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 98.72% in Equity, 1.28% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 11.61% in Banks, 8.66% in Electrical Equipments, 8.40% in Pharmaceuticals & Biotech, 6.92% in Auto Components, 6.36% in Finance

FAQs

How to Invest in Bank of India Midcap Tax Fund - Series 1 (G) Direct Growth?

Bank of India Midcap Tax Fund - Series 1 (G) is a popular fund in the ELSS segment. The fund has generated a return of 13.25% since inception. Looking to invest in Bank of India Midcap Tax Fund - Series 1 (G) How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Midcap Tax Fund - Series 1 (G) is super easy and convenient with m.Stock. Here’s how you can begin:

Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
In the search bar, enter the fund name, in this case, Bank of India Midcap Tax Fund - Series 1 (G)
On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Bank of India Midcap Tax Fund - Series 1 (G) today and reap the benefits of this ELSS fund!

How much returns has Bank of India Midcap Tax Fund - Series 1 (G) Direct Growth generated?

In the short term, i.e., 1 year, Bank of India Midcap Tax Fund - Series 1 (G) has generated annualised return of -3.27%. In the long-term, the fund has generated 15.51% and 24.67% in 3 and 5 years respectively. Since its inception, the fund has generated 13.25% returns.

What is the expense ratio of Bank of India Midcap Tax Fund - Series 1 (G) Direct Growth?

The expense ratio of Bank of India Midcap Tax Fund - Series 1 (G) Direct Growth is 1.71%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of Bank of India Midcap Tax Fund - Series 1 (G) Fund Direct Growth?

The Assets Under Management (AUM) of Bank of India Midcap Tax Fund - Series 1 (G) is ₹56.79 (Cr) as of 2025-05-06 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Bank of India Midcap Tax Fund - Series 1 (G) Direct Growth?

Redeeming or selling units of Bank of India Midcap Tax Fund - Series 1 (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Bank of India Midcap Tax Fund - Series 1 (G):

Login to your m.Stock account
In portfolio, your mutual fund investments will be visible under ‘MF’
Select the fund you wish to redeem from (in this case Bank of India Midcap Tax Fund - Series 1 (G)).
Click on ‘Redeem’ button
You have 2 options – redeem by units and redeem by value (you can only redeem free units)
Select units to be redeemed and click on submit.
Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).