Bank of India Midcap Tax Fund Series 2 Direct-Grow...
NAV as of Jun 12, 2026
33.742.12%
- Growth - Direct
(Earn upto 0.30% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
3.91%(1.25% Category
average)Fund Size:
Rs. 31.70 Cr(2.73% of Investment in Category)
Bank of India Midcap Tax Fund Series 2 Direct-Growth
NAV as of Jun 12, 2026
33.742.12%
Expense Ratio:
3.91%
Fund Size:
Rs. 31.70 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the Bank of India Midcap Tax Fund Series 2 - Direct Plan as of Jun 12, 2026 is Rs 33.74 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 0.69% (1yr), 15.03% (3yr), 12.44% (5yr) and 17.22% (since launch). Whereas, Category returns for the same time duration are: 3.04% (1yr), 15.76% (3yr) and 16.24% (5yr).
3. Fund Size: The Bank of India Midcap Tax Fund Series 2 - Direct Plan currently holds Assets under Management worth of Rs 31.7 crore as on May 31, 2026.
4. Expense ratio: The expense ratio of the fund is 3.91% for Direct plan as on Jun 12, 2026.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 0.
Bank of India Midcap Tax Fund Series 2 Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.30 8.94 -0.18 0.69 15.03 12.44 Category Avg 2.10 10.46 1.44 3.04 15.76 16.24 Rank within Category 12 8 8 9 9 12 No. of funds within Category 12 12 12 12 12 12 - Loading...
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Return Comparison
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Bank of India Midcap Tax Fund Series 2 Direct-Growth Fund Details
Investment 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.
| Fund House | Bank of India Mutual Fund |
| Launch Date | Oct 19, 2018 |
| Benchmark | NIFTY Midcap 100 Total Return Index |
| Return Since Launch | 17.22% |
| Riskometer | Very High |
| Type | Closed-end |
| Risk Grade | - |
| Return Grade | - |
Bank of India Midcap Tax Fund Series 2 Direct-Growth Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 500.00 |
| Minimum SIP Investment (Rs.) | - |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
| MAY 2026 | APR 2026 | MAR 2026 | FEB 2026 | JAN 2026 | DEC 2025 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 50 | 53 | 50 | 49 | 51 | 50 |
| Top 5 Company Holdings | 22.62% | 23.66% | 21.85% | 22.85% | 23.31% | 22.14% |
| Top 10 Company Holdings | 38.86% | 40.04% | 37.59% | 37.93% | 39.53% | 37.84% |
| Company with Highest Exposure | Lloyds Metals & Energy (5.26%) | Lloyds Metals & Energy (5.83%) | Lloyds Metals & Energy (4.78%) | Bank of Maharashtra (5.74%) | Coforge (5.13%) | Coforge (4.86%) |
| Number of Sectors | 14 | 14 | 14 | 14 | 14 | 14 |
| Top 3 Sector Holdings | 46.98% | 49.3% | 47.45% | 47.72% | 48.24% | 47.33% |
| Top 5 Sector Holdings | 65.08% | 67.12% | 66.38% | 67.63% | 68.32% | 66.27% |
| Sector with Highest Exposure | Financial (19.25%) | Financial (20.23%) | Financial (22.54%) | Financial (24.47%) | Financial (24.29%) | Financial (23.36%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Lloyds Metals & Energy Metals & Mining 5.26 - - -0.57 Bank of Maharashtra Financial 4.91 - - -0.37 Steel Authority Of India Metals & Mining 4.56 - - 0.45 UNO Minda Automobile 4.38 - - -0.03 PB Fintech Services 3.51 - - 0.09 HDFC Bank Financial 3.47 - - -0.11 Oberoi Realty Construction 3.44 - - 0.08 Aurobindo Pharma Healthcare 3.22 - - 0.09 Coforge Technology 3.19 - - 0.51 The Federal Bank Financial 2.92 - - 0.03
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bank of India Midcap Tax Fund Series 2 Direct-Growth 33.74 Unrated 31.70 0.30 0.69 15.03 12.44 HDFC ELSS Tax Saver Fund Direct Plan-Growth 1,446.20 15,366.50 1.60 -3.85 16.01 16.53 Motilal Oswal ELSS Tax Saver Fund Direct-Growth 62.38 4,663.26 0.86 5.97 23.76 18.81 Parag Parikh ELSS Tax Saver Fund Direct - Growth 31.37 5,539.59 0.49 -8.16 12.30 13.89 SBI ELSS Tax Saver Fund Direct-Growth 462.20 30,955.01 1.28 -1.76 18.63 16.77
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
18.58VS16.17Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.13VS0.98Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Moderate risk-adjusted returns
0.57VS0.57Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
9.36VS9.39Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
1.55VS1.46Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
16.45VS15.18Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
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Fund Manager
- N.J.Nilesh JethaniSince Oct 20245 schemes
Mr. Jethani has done Bachelor of Financial Markets from HR College and Postgraduate Program in Global Financial Markets from BSE Institute Ltd. Prior to joining Bank of India Mutual Fund, he has worked with HDFC Securities, HDFC Bank, and ASK Investment Managers
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bank of India Large Cap Fund Direct-Growth Large Cap 17.33 213.25 4.59 Bank of India Arbitrage Fund Direct-Growth Arbitrage 15.20 48.48 5.94 Bank of India Banking & Financial Services Fund Direct - Growth Sectoral-Banking 9.69 Unrated 273.08 - Bank of India Midcap Tax Fund Series 1 Direct-Growth ELSS 29.37 Unrated 63.77 6.07 Bank of India Multi Asset Allocation Fund Direct-Growth Multi Asset Allocation 12.72 Unrated 358.77 10.53
More Bank of India Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Bank of India Midcap Tax Fund Series 1 Direct-Growth | 63.23 | -3.22 | 8.09 | 4.00 | 2.78 | 15.90 | |
| Bank of India Midcap Tax Fund Series 2 Direct-Growth | 31.77 | -4.48 | 5.90 | -0.36 | -2.06 | 14.67 |
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1. Bank of India Midcap Tax Fund Series 2 - Direct Plan is Closed-end ELSS Equity scheme which belongs to Bank of India Mutual Fund House.
2. The fund was launched on Oct 19, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY Midcap 100 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 91.83% in equities, 0.15% in debts and 8.02% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 38.86% of the assets, the top 3 sectors constitute around 46.98% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Bank of India Midcap Tax Fund Series 2 Direct-Growth
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Bank of India Midcap Tax Fund Series 2 Direct-Growth
- Is it safe to invest in Bank of India Midcap Tax Fund Series 2 - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bank of India Midcap Tax Fund Series 2 - Direct Plan comes under Very High risk category.
- What is the category of Bank of India Midcap Tax Fund Series 2 - Direct Plan?Bank of India Midcap Tax Fund Series 2 - Direct Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in Bank of India Midcap Tax Fund Series 2 - Direct Plan?The suggested investment horizon of investing into Bank of India Midcap Tax Fund Series 2 - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bank of India Midcap Tax Fund Series 2 - Direct Plan?The Bank of India Midcap Tax Fund Series 2 - Direct Plan is managed by Nilesh Jethani (Since Oct 01, 2024).
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