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Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW)

ELSS
Invest Now

  • NAV

    33.17(-0.57%)

  • Fund Size (CR)

    ₹34.25

  • Expense Ratio

    1.1

  • Scheme Type

    Active Fund

  • Value Research

  • Min. investment

    ₹500

  • Minimum Additional Investment

    ₹0

  • Minimum SIP Investment

    ₹undefined

  • Minimum Withdrawal

    ₹500

  • Exit Load Nil

    0%

  • Return Since Launch

    19.39%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: 8.22%
Annualized Return: 0% [object Object]

Basic Details

Scheme Manager

Nilesh Jethani

Bench Mark

BSE 500 TRI

Type

CLOSE

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 28 July 202510003.000.03%--0.06%91/217
1 Month4 July 20259641.62-3.58%--2.44%200/217
3 Month2 May 202511079.3810.79%-5.95%34/217
6 Month4 February 202510789.137.89%-5.64%30/217
1 Year2 August 20249600.00-4.00%-4.00%-0.33%174/213
3 Year4 August 202216344.9363.45%17.78%18.12%109/203
5 Year4 August 202028758.62187.59%23.51%23.54%88/203
Since Inception19 October 201833360.00233.60%19.39%15.61%19/217

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year2 September 20241,20,000124059.943.38% 3.38%
3 Year1 September 20223,60,000451935.2225.54% 7.88%
5 Year1 September 20206,00,000904332.2550.72% 8.55%
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

4.80%

Standard Deviation

1.06%

Beta

1.03%

Sharpe Ratio

-0.01%

Treynor's Ratio

6.61%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
Uno Minda4.90%152001.68EquityAuto Ancillaries
Coforge4.55%81001.56EquityIT - Software
Indian Bank4.38%233241.50EquityBanks
HDFC Bank4.31%73801.48EquityBanks
Lloyds Metals3.71%80001.27EquityMining & Mineral products
Oberoi Realty3.55%63891.22EquityRealty
PB Fintech.3.48%65261.19EquityIT - Software
Quality Power El3.31%165401.13EquityCapital Goods - Electrical Equipment
Abbott India2.92%2801.00EquityPharmaceuticals
Manorama Indust.2.84%66500.97EquityFMCG

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW)
34.25-3.58%10.79%7.89%-4.00%17.78%
SBI Long Term Advantage Fund - Series V -Dir (G)
393.89-1.87%8.18%14.34%16.26%23.89%
SBI Long Term Advantage Fund-Series V -Dir (IDCW)
393.89-1.87%8.18%14.34%16.26%23.89%
HSBC Tax Saver Equity Fund - Direct (G)
253.40-1.40%7.87%7.03%9.75%20.81%
HSBC Tax Saver Equity Fund - Direct (IDCW)
253.40-1.40%7.87%7.03%9.74%20.85%
WhiteOak Capital ELSS Tax Saver Fund - Direct (G)
405.80-1.77%6.74%6.91%8.58%-

List of Schemes under Bank of India Mutual Fund

Fund NameCategoryRisk1Y ReturnsRatingsFund Size (Cr)
Bank of India Large & Mid Cap FundEquityVery High-6.43%2₹418.30
Bank of India Liquid FundDebtModerately Low7.14%4₹1,821.48
Bank of India Short Term Income FundDebtModerately Low10.51%0₹216.32
Bank of India Ultra Short Duration FundDebtModerate7.51%1₹196.19
Bank of India Conservative Hybrid FundHybridModerate3.64%3₹68.75
Bank of India ELSS Tax SaverEquityVery High-10.3%2₹1,432.23
Bank of India Manufacturing & Infrastructure FundEquityVery High-3.56%4₹606.65
Bank of India Balanced Advantage FundHybridVery High-2.6%1₹143.22
Bank of India Credit Risk FundDebtModerately High6.4%2₹107.24
Bank of India Mid & Small Cap Equity & Debt FundHybridVery High-1.72%4₹1,249.57
Bank of India Midcap Tax Fund - Series 1EquityVery High-6.34%0₹65.95
Bank of India Arbitrage FundHybridLow7.1%1₹43.43
Bank of India Midcap Tax Fund - Series 2EquityVery High-5.77%0₹34.25
Bank of India Small Cap FundEquityVery High-1.65%3₹1,907.82
Bank of India Overnight FundDebtLow6.4%5₹49.21
Bank of India Flexi Cap FundEquityVery High-6.92%4₹2,208.92
Bank of India Large Cap FundEquityVery High-5.91%3₹209.10
Bank of India Multi Cap FundEquityVery High-2.74%0₹902.47
Bank of India Multi Asset Allocation FundHybridVery High4.08%0₹346.69
Bank of India Business Cycle FundEquityVery High0%0₹575.53
Bank of India Consumption FundEquityVery High0%0₹391.31
Bank of India Money Market FundDebtModerately Low0%0₹137.06
Bank of India Mid Cap FundEquityVery High0%0₹0.00

News

  • Bank of India Mutual Fund announces change in Key Personnel

    Bank of India Mutual Fund has announced that Mr. Deep Mehta has been appointed as a Equity Dealer on the Board of the Trustee Company with effect from July 14, 2025.

    Details of Mr. Deep Mehta,

    Age: 29

    Designation: Equity Dealer

    Qualification : ' CFA Level 3 (Cleared)
    ' CMT Level 3 (Cleared)
    ' B.Tech Mechanical

    Experience : 8 years

    Powered by Capital Market - Live News

  • Bank of India Mutual Fund announces change in fund manager under its schemes

    Bank of India Mutual Fund has announced change in fund manager under the following schemes, With effect from 14 July 2025

    Change in Fund Manager:

    Name of the Scheme(s) Existing Fund Manager(s) New Fund Manager(s)
    Bank of India Arbitrage Fund Mr. Firdaus Ragina Mr. Nilesh Jethani
    Bank of India Small Cap Fund Mr. Alok Singh ' Mr. Alok Singh
    ' Mr. Nav Bhardwaj (Assistant Fund Manager)

    Powered by Capital Market - Live News

  • Bank of India Mutual Fund announces change in scheme name

    Bank of India Mutual Fund has announced change in scheme name under the following schemes, with effect from July 22, 2025.

    Change in the name of the Scheme:

    Existing Scheme Name Revised Scheme Name
    Bank of India Bluechip Fund Bank of India Large Cap Fund
    Bank of India Large & Mid Cap Equity Fund Bank of India Large & Mid Cap Fund

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

12 July 2018

Total AUM (Cr)

₹34.25

Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) is an ELSS-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in 12 July 2018, this fund is managed by Nilesh Jethani. With assets under management (AUM) worth ₹34.25 (Cr), as of 5 August 2025, Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 19.39% since its launch.
The current NAV of Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) is ₹33.17, as on 5 August 2025. The fund's benchmark index is BSE 500 TRI. You can invest in Bank of India Midcap Tax Fund - Series 2 - 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:
Nil The fund has generated 17.78% and 23.51% 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 95.95% in Equity, 2.34% in Debt and 1.71% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 15.03% in Banks, 8.52% in Pharmaceuticals & Biotech, 6.90% in IT-Software, 6.54% in Auto Components, 6.52% in Industrial Products

FAQs

How to Invest in Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) Direct Growth?

Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) is a popular fund in the ELSS segment. The fund has generated a return of 19.39% since inception. Looking to invest in Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Midcap Tax Fund - Series 2 - 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 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 2 - 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: 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 2 - Direct (IDCW) today and reap the benefits of this ELSS fund!

How much returns has Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) Direct Growth generated?

In the short term, i.e., 1 year, Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) has generated annualised return of -4.00%. In the long-term, the fund has generated 17.78% and 23.51% in 3 and 5 years respectively. Since its inception, the fund has generated 19.39% returns.

What is the expense ratio of Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) Direct Growth?

The expense ratio of Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) Direct Growth is 1.10%. 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 2 - Direct (IDCW) Fund Direct Growth?

The Assets Under Management (AUM) of Bank of India Midcap Tax Fund - Series 2 - Direct (IDCW) is ₹34.25 (Cr) as of 2025-08-05 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 2 - Direct (IDCW) Direct Growth?

Redeeming or selling units of Bank of India Midcap Tax Fund - Series 2 - 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 2 - 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 2 - 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).
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.