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  • Mutual Funds
  • Bank of India Midcap Tax Fund - Series 2 - Direct (G)
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Bank of India Midcap Tax Fund - Series 2 - Direct (G)

ELSS
Invest Now

  • NAV

    28.90(1.26%)

  • Fund Size (CR)

    ₹31.55

  • Expense Ratio

    0.56

  • 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

    17.98%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: -9.32%
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 12 February 20259694.29-3.06%--1.41%197/225
1 Month17 January 20258849.61-11.50%--5.88%212/221
3 Month19 November 20248924.33-10.76%--7.35%176/221
6 Month19 August 20248201.15-17.99%--10.55%208/221
1 Year19 February 20249671.30-3.29%-3.29%4.21%184/221
3 Year18 February 202214100.7941.01%12.14%14.55%170/211
5 Year19 February 202022384.31123.84%17.49%18.07%106/211
Since Inception19 October 201828540.00185.40%17.98%14.77%30/225

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year1 March 20241,20,000106035.83-11.64% -11.64%
3 Year2 March 20223,60,000426398.3718.44% 5.80%
5 Year2 March 20206,00,000897054.1949.51% 8.38%
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

4.46%

Standard Deviation

1.02%

Beta

0.46%

Sharpe Ratio

0.02%

Treynor's Ratio

-0.62%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
Uno Minda4.56%152001.44EquityAuto Ancillaries
Dixon Technolog.4.29%9041.35EquityConsumer Durables
HDFC Bank3.97%73801.25EquityBanks
Coforge3.85%14701.21EquityIT - Software
Indian Bank3.62%205241.14EquityBanks
PB Fintech.3.30%60261.04EquityIT - Software
Oberoi Realty3.23%56201.02EquityRealty
Deepak Nitrite3.10%42000.98EquityChemicals
Lloyds Metals2.87%73000.90EquityMining & Mineral products
Manorama Indust.2.75%82500.87EquityFMCG

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
Bank of India Midcap Tax Fund - Series 2 - Direct (G)
31.55-11.50%-10.76%-17.99%-3.29%12.14%
SBI Long Term Advantage Fund - Series V -Dir (G)
346.48-6.41%-7.04%-3.65%25.76%16.85%
SBI Long Term Advantage Fund-Series V -Dir (IDCW)
346.48-6.41%-7.04%-3.65%25.76%16.85%
WhiteOak Capital ELSS Tax Saver Fund - Direct (G)
312.12-5.89%-5.75%-4.04%13.31%-
WhiteOak Capital ELSS Tax Saver Fund - Direct (IDCW)
312.12-5.89%-5.75%-4.04%13.31%-
LIC MF ELSS Tax Saver - Direct (G)
1093.48-5.17%-5.70%-6.93%12.53%14.23%

News

  • 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 Manager
    Bank 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

Fund House Details & Investment Objective

Date of Incorporation

12 July 2018

Total AUM (Cr)

₹31.55

Bank of India Midcap Tax Fund - Series 2 - Direct (G) 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 ₹31.55 (Cr), as of 20 February 2025, Bank of India Midcap Tax Fund - Series 2 - Direct (G) is categorized as a ELSS within its segment. The fund has generated a return of 17.98% since its launch.
The current NAV of Bank of India Midcap Tax Fund - Series 2 - Direct (G) is ₹28.9, as on 20 February 2025. The fund's benchmark index is BSE 500 TRI. You can invest in Bank of India Midcap Tax Fund - Series 2 - Direct (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 12.14% and 17.49% 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 100.07% in Equity, -0.07% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 13.38% in Banks, 8.76% in Auto Components, 8.44% in Pharmaceuticals & Biotech, 6.14% in Ferrous Metals, 5.51% in IT-Software

FAQs

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

Bank of India Midcap Tax Fund - Series 2 - Direct (G) is a popular fund in the ELSS segment. The fund has generated a return of 17.98% since inception. Looking to invest in Bank of India Midcap Tax Fund - Series 2 - Direct (G) How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Midcap Tax Fund - Series 2 - Direct (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 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 2 - Direct (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: 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 2 - Direct (G) today and reap the benefits of this ELSS fund!

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

In the short term, i.e., 1 year, Bank of India Midcap Tax Fund - Series 2 - Direct (G) has generated annualised return of -3.29%. In the long-term, the fund has generated 12.14% and 17.49% in 3 and 5 years respectively. Since its inception, the fund has generated 17.98% returns.

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

The expense ratio of Bank of India Midcap Tax Fund - Series 2 - Direct (G) Direct Growth is 0.56%. 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 (G) Fund Direct Growth?

The Assets Under Management (AUM) of Bank of India Midcap Tax Fund - Series 2 - Direct (G) is ₹31.55 (Cr) as of 2025-02-20 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 (G) Direct Growth?

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