- Mutual Funds
- Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW)
Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW)
ELSS
- NAV 28.75 (-2.21%)
- Fund Size (Cr) ₹72.69
- Expense Ratio 0.95
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹500
- Minimum Additional Investment ₹0
- Minimum SIP Investment -
- Minimum Withdrawal ₹500
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Exit Load
0%
- Return Since Launch 17.69%
Basic Details
Nilesh Jethani
BSE 500 TRI
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Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
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%.
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Standard Deviation
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Beta
1.02% -
Sharpe Ratio
0.63% -
Treynor’s Ratio
0.16% -
Jension’s Alpha
0.70%
Asset Allocation
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW)
- 72.69
- -1.28%
- 1.10%
- 17.65%
- 42.51%
- 18.16%
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Motilal Oswal ELSS Tax Saver Fund-Dir (IDCW)
- 3983.77
- 5.27%
- 12.97%
- 31.78%
- 68.94%
- 28.22%
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Motilal Oswal ELSS Tax Saver Fund-Dir (G)
- 3983.77
- 5.27%
- 12.97%
- 31.78%
- 68.94%
- 28.22%
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ITI ELSS Tax Saver Fund - Direct (G)
- 398.29
- 2.76%
- 7.63%
- 23.74%
- 59.33%
- 22.50%
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SBI Long Term Advantage Fund-Series V -Dir (IDCW)
- 368.18
- 4.13%
- 15.37%
- 36.43%
- 56.71%
- 22.04%
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SBI Long Term Advantage Fund - Series V -Dir (G)
- 368.18
- 4.13%
- 15.37%
- 36.43%
- 56.71%
- 22.04%
News
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Bank of India MF announces change in Fund Manager of the following schemes
Bank of India Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 01 October 2024
Change in Fund Managers of the Schemes:
Scheme Name Existing Fund Manager(s) New Fund Manager(s) Bank of India Small Cap Fund Mr. Dhruv Bhatia Mr. Alok Singh Bank of India Blue Chip Fund Mr. Dhruv Bhatia ' Mr. Alok Singh
' Mr. Nilesh Jethani ' Co-Fund ManagerBank of India Midcap Tax Fund - Series 1 Mr. Dhruv Bhatia Mr. Nilesh Jethani Bank of India Midcap Tax Fund - Series 2 Mr. Dhruv Bhatia Mr. Nilesh Jethani Bank of India Arbitrage Fund Mr. Alok Singh Mr. Firdaus Ragina Powered by Capital Market - Live News
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Bank of India Mutual Fund Announces Appointment of Key Personnel
Bank of India Mutual Fund has announced that Mr. Vikas Gupta has been appointed as an Chief Risk Officer on the Board of Bank of India Investment Managers Private Limited (?AMC?) w.e.f. July 05, 2024.
Details of Mr. Vikas Gupta
Age: 42 years
Designation: Chief Risk Officer
Qualification: B.com, C.A., CISA
Powered by Capital Market - Live News
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Bank of India MF Announces change in benchmark index under its schemes
Bank of India Mutual Fund has announced change in the benchmark index for the following schemes, With immediate effect. Accordingly, the revised benchmark index will be:
Change in name of Benchmark of Bank of India Manufacturing & Infrastructure Fund
Name of the Schemes Existing Benchmark Revised Benchmark Bank of India Flexi Cap Fund S&P BSE 500 TRI BSE 500 TRI Bank of India Manufacturing & Infrastructure Fund S&P BSE India Manufacturing Index Total Return Index (TRI): 50% and S&P BSE India Infrastructure Index Total Return Index (TRI):50% BSE India Manufacturing Index Total Return Index (TRI): 50% and S&P BSE India Infrastructure Index Total Return Index (TRI):50% Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
10-Nov-2017
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Total AUM (Cr)
₹72.69
Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) is an ELSS-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in Nov 2017, this fund is managed by Nilesh Jethani. With assets under management (AUM) worth ₹72.69 (Cr), as of 03-Oct-2024, Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 17.69% since its launch.
The current NAV of Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) is ₹28.75, as on 03-Oct-2024. The fund’s benchmark index is BSE 500 TRI. You can invest in Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) 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:
Exit load is not applicable
The fund has generated 18.16% and 27.93% 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 97.64% in Equity, 2.19% in Debt and 0.17% in cash and cash equivalents
The top 5 sectors the fund invests in are: 13.88% in Banks, 11.05% in Pharmaceuticals & Biotech, 8.37% in Auto Components, 7.63% in Telecom-Services and 6.54% in Retailing.
FAQs on Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW)
Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) is a popular fund in the ELSS segment. The fund has generated a return of 17.69% since inception. Looking to invest in Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) 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 across products for life.
- 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 - Direct (IDCW)
- 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: Enter amount, select payment 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, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) today and reap the benefits of this ELSS fund!
In the short term, i.e., 1 year, Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) has generated annualised return of 42.51%. In the long-term, the fund has generated 18.16% and 27.93% in 3 and 5 years respectively. Since its inception, the fund has generated 17.69% returns.
The expense ratio of Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) Direct Growth is 0.95%. 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.
The Assets Under Management (AUM) of Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) is ₹72.69 (Cr) as of 03 October 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) 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 - Direct (IDCW):
- 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 - Direct (IDCW)).
- 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).
Yes, you can invest both lumpsum and SIP in Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW). Minimum lumpsum investment Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) is ₹500 and minimum SIP amount is -. 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.
The latest NAV (Net Asset Value) of Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) is ₹28.75 as on 03 October 2024.
The 5 biggest stock holdings of Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) are:
Indus Towers (5.39%), Uno Minda (5.22%), Lupin (3.78%), Dixon Technolog. (3.44%), Astral (3.35%)
A majority of Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) 's AUM worth ₹72.69 (Cr) is invested in these 3 top sectors:
- Banks: 13.88%
- Pharmaceuticals & Biotech: 11.05%
- Auto Components: 8.37%
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