Bank of India Midcap Tax Fund Series 2 Direct Growth NAV today
AMFI: 144315ISIN: INF761K01EL6Bank of India Mutual FundELSS funds
Formerly BOI Axa Mid Cap Tax Fund Series 2
NAV ₹33.1500down ₹0.65 (1.92%)
NAV for 23 Oct 2026, against 22 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹32 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 1.11%16 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 26.030 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 5530 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 19 Oct 2018
Bank of India Midcap Tax Fund Series 2 returns
Direct Growth plan
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −5.45% | – | – | – | – |
| 1 month | −10.38% | – | 40 of 49 | −7.14% | −9.1% to −5.7% |
| 3 months | −3.97% | – | 6 of 49 | −6.02% | −7.3% to −5.0% |
| 6 months | −2.56% | – | 11 of 49 | −4.52% | −5.1% to −3.0% |
| 1 year | −3.77% | −2.33%to 30 Sep 2026 | 5 of 49 | −7.47% | −9.9% to −5.0% |
| 3 years | +12.06% | +9.19%to 30 Sep 2026 | 13 of 48 | +9.50% | +8.2% to +12.1% |
| 5 years | +9.04% | +8.90%to 30 Sep 2026 | 28 of 45 | +9.65% | +8.0% to +11.5% |
| 10 years | Needs 10 years | – | – | +12.39% | +11.7% to +13.9% |
₹10,000 put in on 26 Oct 2018 is ₹33,350 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: BSE 500 TRI, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of ELSS funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +5.91% | −2.33% |
| 3 years | +13.01% | +9.19% |
| 5 years | +10.54% | +8.90% |
| Since launch | +17.27% | +13.70% |
Benchmark: BSE 500 TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Loss
Highest year to Dec 2021, +46.8%; lowest year to Dec 2022, −5.5%
Bank of India Midcap Tax Fund Series 2 SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,17,246₹1,17,240 after stamp duty | −4.41% | −4.42% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,72,725₹3,72,707 after stamp duty | +2.30% | +2.30% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,51,970₹7,51,933 after stamp duty | +9.04% | +9.04% | ₹30 | |
| Since Oct 201896 instalments | ₹9,60,000 | ₹17,21,549₹17,21,494 after stamp duty | +14.29% | +14.29% | ₹38 |
10 years: Launched 19 Oct 2018, needs 10 years of history.
Rolling returns
Per cent a year, every window from 26 Oct 2018 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,726 windows−20.4%+20.5%+93.7%77.0%
3 years1,231 windows+9.4%+20.5%+31.6%100.0%
5 years738 windows+9.0%+20.6%+28.7%100.0%
10 yearsLaunched 19 Oct 2018, needs 11 years of history
Every 3 and 5-year window ended higher than it started.
Bank of India Midcap Tax Fund Series 2 expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.30 ptsA year, on 16 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.11%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.41%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 2.31%, Nov 2018.Direct plan lowest 0.55%, Apr 2021.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.75% | 1.00% |
| Brokerage | 0.08% | 0.08% |
| Transaction costs | None | None |
| Statutory levies | 0.28% | 0.33% |
Per cent of assets a year, filed for 23 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Not accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹500
- Minimum top-up
- ₹500
- Minimum redemption
- ₹1
- SIP
- Not accepted
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Not accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- 3 years
- SIP dates
- Not applicable because the scheme is closed-ended
As listed for this plan on 24 Oct 2026.
Bank of India Midcap Tax Fund Series 2 AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹33 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 8.4%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹90 Cr, quarter to Sep 2021.
Assets at each month end
Highest ₹93 Cr, Sep 2021.Lowest ₹26 Cr, Mar 2023.
Bank of India Midcap Tax Fund Series 2 portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| UNO MindaAuto Components | Shares | Mid cap166th | 4.59% | 1.47 | 12,600 | Jan 2022or earlier |
| Bank of MaharashtraBanks | Shares | Mid cap186th | 4.33% | 1.39 | 1,75,200 | May 2024 |
| CoforgeIT - Software | Shares | Mid cap200th | 4.09% | 1.31 | 7,515 | Sep 2024 |
| Aurobindo PharmaPharmaceuticals & Biotechnology | Shares | Mid cap138th | 3.72% | 1.20 | 7,150 | May 2025 |
| HDFC BankBanks | Shares | Large cap2nd | 3.25% | 1.05 | 14,760 | Jan 2022or earlier |
| Quality Power Electrical EquipmentsElectrical Equipment | Shares | Small cap644th | 3.20% | 1.03 | 6,492 | Mar 2025 |
| The Federal BankBanks | Shares | Mid cap150th | 3.16% | 1.02 | 32,000 | Jan 2023 |
| Steel Authority of IndiaFerrous Metals | Shares | Mid cap153rd | 2.99% | 0.96 | 53,000 | Jan 2025 |
| Sterlite TechnologiesTelecom - Equipment & Accessories | Shares | Small cap460th | 2.79% | 0.90 | 9,855 | Jul 2026 |
| Sigma Advanced SystemsAerospace & Defense | Shares | Small cap875th | 2.76% | 0.89 | 8,645 | Jul 2026 |
| MeeshoRetailing | Shares | Mid cap139th | 2.71% | 0.87 | 38,209 | Jul 2026 |
| One 97 CommunicationsFinancial Technology (Fintech) | Shares | Mid cap146th | 2.71% | 0.87 | 5,200 | Feb 2026 |
| Oberoi RealtyRealty | Shares | Mid cap179th | 2.52% | 0.81 | 4,589 | Jan 2022or earlier |
| FSN E-Commerce VenturesRetailing | Shares | Mid cap141st | 2.39% | 0.77 | 24,000 | Jul 2025 |
| Abbott IndiaPharmaceuticals & Biotechnology | Shares | Mid cap183rd | 2.36% | 0.76 | 280 | Jan 2023 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| TREPS | 2.09% | 0.67 |
| Net Receivables / (Payables) | 0.40% | 0.13 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 4.59%UNO Minda
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 19.98%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 34.88%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 40.6Taken over 97.51% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares97.36%
- Bonds and bills0.15%
- Cash and receivables2.49%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap8.98%Category 50.29%
- Mid cap69.60%Category 18.21%
- Small cap20.63%Category 30.48%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 0.77% of the fund. Category is the average of 51 ELSS funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.14sectors
- Financial Services25.03%Category 29.60%
- Capital Goods14.34%Category 9.71%
- Healthcare13.85%Category 8.89%
- Automobile And Auto Components9.55%Category 7.87%
- Consumer Services6.39%Category 5.55%
- Metals & Mining5.72%Category 2.15%
- Information Technology5.04%Category 5.55%
- Telecommunication4.49%Category 2.90%
- Oil Gas & Consumable Fuels2.53%Category 3.43%
- Realty2.52%Category 1.21%
- Fast Moving Consumer Goods2.18%Category 3.90%
- Consumer Durables2.14%Category 3.63%
- Services2.09%Category 2.22%
- Textiles0.72%Category 1.09%
- Sector not known0.77%Category –
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 51 ELSS funds. Category average. The sector's weight, less the futures sold on it, averaged over the 51 ELSS funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services13 companies | 25.03% | 28.25% | 26.37% | 29.97% | 27.20% | 27.99% | 30.49% | 32.30% | 30.55% | 29.81% | 31.27% | 29.76% | |
| Capital Goods8 companies | 14.34% | 15.78% | 16.94% | 15.80% | 14.27% | 14.93% | 13.31% | 11.88% | 10.95% | 10.85% | 12.09% | 14.18% | |
| Healthcare9 companies | 13.85% | 13.29% | 12.54% | 9.92% | 9.73% | 9.58% | 10.57% | 9.49% | 10.12% | 9.87% | 9.89% | 9.46% | |
| Automobile And Auto Components4 companies | 9.55% | 7.86% | 7.63% | 7.44% | 7.67% | 8.77% | 10.58% | 12.70% | 11.87% | 11.00% | 10.91% | 10.63% | |
| Consumer Services3 companies | 6.39% | 5.78% | 5.31% | 4.33% | 3.02% | 3.03% | 3.03% | 2.67% | 1.86% | 1.96% | 1.93% | 2.90% | |
| Metals & Mining3 companies | 5.72% | 6.54% | 10.36% | 11.38% | 14.21% | 14.39% | 12.43% | 10.77% | 11.06% | 10.88% | 9.19% | 9.30% | |
| Information Technology2 companies | 5.04% | 6.54% | 5.81% | 4.13% | 4.15% | 4.54% | 4.56% | 4.74% | 8.77% | 8.87% | 8.67% | 7.69% | |
| Telecommunication2 companies | 4.49% | 4.12% | 3.71% | 1.75% | 1.81% | 1.83% | 2.07% | 2.00% | 1.93% | 2.15% | 2.03% | 2.13% | |
| Oil Gas & Consumable Fuels2 companies | 2.53% | 2.57% | 2.59% | 2.62% | 2.91% | 3.07% | 3.08% | 2.87% | 1.87% | 1.98% | 1.93% | 1.82% | |
| Realty1 company | 2.52% | 2.54% | 2.53% | 3.48% | 3.44% | 3.36% | 3.25% | 3.16% | 3.11% | 3.29% | 3.16% | 3.39% | |
| Fast Moving Consumer Goods3 companies | 2.18% | 2.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Durables1 company | 2.14% | 2.31% | 2.23% | 1.93% | 1.91% | 1.85% | 1.82% | 1.80% | 1.80% | 1.96% | 3.53% | 3.73% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 34.72% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 24.76% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 2
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 7
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 43
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 4.72%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 10.22%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| PB Fintech | Sold out | – | 3.62% | −3.62 pts | −6,526 |
| Container Corporation of India | New | 2.09% | 0.00% | +2.09 pts | +15,000 |
| Sona BLW Precision Forgings | New | 1.86% | 0.00% | +1.86 pts | +7,200 |
| Coforge | Trimmed | 4.09% | 5.48% | −1.39 pts | −1,800 |
| HEG Advanced Materials | Sold out | – | 1.14% | −1.14 pts | −5,300 |
| Steel Authority of India | Trimmed | 2.99% | 4.08% | −1.09 pts | −17,700 |
| Bansal Wire Industries | Trimmed | 0.61% | 1.51% | −0.90 pts | −10,000 |
| HEG Graphite Ltd | New | 0.77% | 0.00% | +0.77 pts | +5,300 |
| HDB Financial Services | Added | 1.64% | 0.99% | +0.65 pts | +3,550 |
| Meesho | Added | 2.71% | 2.08% | +0.63 pts | +4,000 |
| Sterlite Technologies | Trimmed | 2.79% | 2.37% | +0.42 pts | −1,145 |
| Max Financial Services | Trimmed | 1.54% | 1.79% | −0.25 pts | −250 |
| Quality Power Electrical Equipments | Trimmed | 3.20% | 3.32% | −0.12 pts | −1,311 |
| Xpro India | Trimmed | 2.16% | 2.24% | −0.08 pts | −612 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 UNO Minda | 3.72% | 3.96% | 3.99% | 4.87%Added | 4.86% | 4.66% | 4.41% | 4.38% | 4.22% | 4.49% | 4.76% | 4.59% |
 Bank of Maharashtra | 4.17%Added | 4.16% | 4.52% | 5.04% | 5.74% | 4.70%Cut | 5.28% | 4.91%Cut | 5.53% | 4.19%Cut | 4.26% | 4.33% |
 Coforge | 5.04%Added | 5.44% | 4.86% | 5.13% | 2.74%Cut | 2.84% | 2.68% | 3.19% | 3.21% | 4.84%Added | 5.48% | 4.09%Cut |
 Aurobindo Pharma | 2.43%Added | 2.63% | 2.60% | 2.82% | 2.83% | 3.34% | 3.13% | 3.22% | 3.48% | 3.41% | 3.64% | 3.72% |
 HDFC Bank | 4.35% | 4.47% | 4.50% | 4.48% | 4.25% | 3.87% | 3.58% | 3.47% | 3.63% | 3.33% | 3.10% | 3.25% |
 Quality Power Electrical Equipments | 2.82%Cut | 2.08% | 2.09% | 2.02% | 2.61% | 2.68% | 4.03% | 2.85%Cut | 3.20% | 2.67%Cut | 3.32% | 3.20%Cut |
 The Federal Bank | 2.26% | 2.48% | 2.63% | 3.01% | 3.11% | 2.97% | 2.89% | 2.92% | 3.25% | 3.46% | 3.38% | 3.16% |
 Steel Authority of India | 1.74% | 1.72% | 1.92% | 2.10% | 3.80%Added | 3.84% | 4.11% | 4.56% | 3.78% | 3.61% | 4.08% | 2.99%Cut |
 Sterlite Technologies | – | – | – | – | – | – | – | – | – | 1.85%Bought | 2.37% | 2.79%Cut |
 Sigma Advanced Systems | – | – | – | – | – | – | – | – | – | 1.63%Bought | 2.00% | 2.76% |
 Meesho | – | – | – | – | – | – | – | – | – | 0.96%Bought | 2.08%Added | 2.71%Added |
 One 97 Communications | – | – | – | – | 1.85%Bought | 1.79% | 1.79% | 1.84% | 1.83% | 2.11% | 2.64% | 2.71% |
 Oberoi Realty | 3.39% | 3.16% | 3.29% | 3.11% | 3.16% | 3.25% | 3.36% | 3.44% | 3.48% | 2.53%Cut | 2.54% | 2.52% |
 FSN E-Commerce Ventures | 1.78% | 1.93% | 1.96% | 1.86% | 2.07% | 2.02% | 2.00% | 1.99% | 2.30% | 2.41% | 2.48% | 2.39% |
 Abbott India | 2.42% | 2.53% | 2.50% | 2.52% | 2.41% | 2.60% | 2.24% | 2.37% | 2.19% | 2.35% | 2.14% | 2.36% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 57.7% in Apr 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of ELSS funds (48 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.18.78%
11.66%Lowest16.48%Average22.02%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.11.29%
7.37%Lowest10.36%Average13.97%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.43
−0.02Lowest0.36Average0.83Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.67
−0.02Lowest0.53Average1.31Highest
Against BSE 500 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.1.12
0.70Lowest0.96Average1.20Highest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.87.2
68.0Lowest89.8Average98.1Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.93
0.82Lowest0.95Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.120.8%
72.8%Lowest101.6%Average148.9%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.100.8%
67.7%Lowest92.2%Average119.2%Highest
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 year | −16.09% | 3 Nov 2025 | 23 Mar 2026 | 22 Jun 2026 |
| 3 years | −23.90% | 23 Sep 2024 | 3 Mar 2025 | 31 Jul 2026 |
| 5 years | −24.07% | 13 Jan 2022 | 20 Jun 2022 | 21 Jun 2023 |
| Since Oct 2018 | −34.24% | 20 Feb 2020 | 23 Mar 2020 | 15 Sep 2020 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2021 to Aug 202659 months | Very High | Very HighBSE 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Bank of India Midcap Tax Fund Series 2 fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Nilesh JethaniHaving around 09 years of experience in Equity research across BFSI, IT and Capital Goods Sectors | Oct 2024 | 0.00%a year | – | – | 22.5% | 27.9% | 5 | ₹942 Cr₹347 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Bank of India Multi Asset Allocation FundNilesh Jethani | Apr 2024 | +9.07%a year | – | – | ₹369 Cr |
| Bank of India Banking & Financial Services FundNilesh Jethani | Jan 2026 | −7.69%over 256 days | −4.45% | −3.24 pts | ₹249 Cr |
| Bank of India Large Cap FundNilesh Jethani | Oct 2024 | −1.28%a year | −4.10% | +2.82 pts | ₹226 Cr |
| Bank of India Mid Cap Tax Fund Series 1Nilesh Jethani | Oct 2024 | +1.54%a year | – | – | ₹65 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Bank of India Mid Cap Tax Fund Series 1Bank of India Mutual Fund | 61.61% | 33 |
| Union ELSS Tax Saver FundUnion Mutual Fund | 15.73% | 13 |
| Bank of India ELSS Tax SaverBank of India Mutual Fund | 14.47% | 10 |
| Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund | 14.13% | 10 |
| Invesco India ELSS Tax Saver FundInvesco Mutual Fund | 13.55% | 13 |
| Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund | 13.50% | 10 |
| Bandhan ELSS - Tax Saver FundBandhan Mutual Fund | 13.39% | 9 |
| PGIM India ELSS Tax Saver FundPGIM India Mutual Fund | 12.96% | 13 |
| Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund | 12.37% | 13 |
| Samco ELSS Tax Saver FundSamco Mutual Fund | 12.29% | 5 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Bank of India Mid Cap Tax Fund Series 1Bank of India Mutual Fund | 61.59% |
| Bank of India Mid Cap FundBank of India Mutual Fund | 43.91% |
| Bank of India Large & Mid Cap FundBank of India Mutual Fund | 34.29% |
| Bank of India Multi Cap FundBank of India Mutual Fund | 32.99% |
| Bank of India Manufacturing & Infrastructure FundBank of India Mutual Fund | 25.62% |
| Bank of India Flexi Cap FundBank of India Mutual Fund | 23.46% |
| Bank of India Business Cycle FundBank of India Mutual Fund | 17.64% |
| Bank of India Banking & Financial Services FundBank of India Mutual Fund | 15.33% |
| Bank of India Small Cap FundBank of India Mutual Fund | 14.93% |
| Bank of India ELSS Tax SaverBank of India Mutual Fund | 14.48% |
As the fund house states it, for Sep 2026.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2021
- 31 DecBenchmarkBenchmark: Nifty Midcap 100 TRI to BSE 500 TRI
Fund details
Objective
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. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Asset allocation
- Mid Cap Equity & Equity Related Securities such as cumulative convertible preference shares and fully convertible debentures and bonds of companies, etc. - 65% to 100%
- Residual Portion: Other Equity & Equity Related Securities such as cumulative convertible preference shares and fully convertible debentures and bonds of companies, etc - 00% to 35%
- Money Market Instruments, Other Liquid Instruments, Gold and Silver Instruments (ETFs only) and units of Domestic Mutual Fund Schemes - 00% to 35%
- Units issued by InvITS - 00% to 10%
Type of scheme
A 10 Year Close-ended Equity Linked Savings Scheme
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- BSE 500 TRI
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High
- New fund offer
- 12 Jul 2018 to 11 Oct 2018
- Units first allotted
- 19 Oct 2018
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹500
Plans and codes
| Plan | AMFI code | ISIN | First NAV |
|---|---|---|---|
| Direct Growth | 144315 | INF761K01EL6 | 26 Oct 2018 |
| Regular Growth | 144314 | INF761K01EN2 | 26 Oct 2018 |
| Direct IDCW | 144309 | INF761K01EK8 | 26 Oct 2018 |
| Regular IDCW | 144316 | INF761K01EM4 | 26 Oct 2018 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- FACTSHEET SEPTEMBER 2026 (opens in a new tab)Bank of India Mutual Fund, Sep 2026
Statement of additional information
- SAI Bank of India Mutual Fund (opens in a new tab)Bank of India Mutual Fund, Oct 2026
Annual report
- ABRIDGED ANNUAL REPORT 2025 2026 (opens in a new tab)Bank of India Mutual Fund, Mar 2026
- ANNUAL REPORT 2025 - 26 (opens in a new tab)Bank of India Mutual Fund, Mar 2026
Riskometer disclosure
- RISKOMETER FY 25-26 (opens in a new tab)Bank of India Mutual Fund, Mar 2026
Portfolio overlap disclosure
- PORTFOLIO OVERLAP DISCLOSURE SEPTEMBER 30, 2026 (opens in a new tab)Bank of India Mutual Fund, Sep 2026