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Bank of India Midcap Tax Fund - Series 2 - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House :
  • NAV
    : ₹ 20.62 -0.39%
    (as on 28th September, 2022)
Crisil Rank

Not Ranked

Rank not available for the fund
Risk-O-Meter
Very High
Close Ended Fund. New investments not allowed in this fund.

The fund has 98.22% investment in domestic equities of which 7.24% is in Large Cap stocks, 49% is in Mid Cap stocks, 25.55% in Small Cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

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Returns (NAV as on 27th September, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 20-Sep-22 9565.60 -4.34% - -4.54% 20/55
1 Month 26-Aug-22 9980.70 -0.19% - -1.76% 6/55
3 Month 27-Jun-22 11398.70 13.99% - 10.84% 9/55
6 Month 25-Mar-22 10232.30 2.32% - 2.96% 30/55
YTD 31-Dec-21 9396.30 -6.04% - -0.29% 52/55
1 Year 27-Sep-21 9636.90 -3.63% -3.63% 0.74% 44/55
2 Year 25-Sep-20 16693.50 66.94% 29.11% 31.20% 28/55
3 Year 27-Sep-19 18716.10 87.16% 23.21% 19.75% 16/54
Since Inception 19-Oct-18 20700.00 107.00% 20.27% 15.08% 5/51

SIP Returns (NAV as on 27th September, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 27-Sep-21 12000 12332.55 2.77 % 5.16 %
2 Year 25-Sep-20 24000 27854.03 16.06 % 15.01 %
3 Year 27-Sep-19 36000 50316.5 39.77 % 22.97 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st Aug,2022)

Equity Holding : 98.22% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.22%
No of Stocks : 44 (Category Avg - 46.50) | Large Cap Investments : 7.24%| Mid Cap Investments : 49% | Small Cap Investments : 25.55% | Other : 16.43%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
Tube Investments Of India Ltd. Auto ancillaries 19.6 4.88% 0.25% 4.88% (Aug 2022) 1.87% (Sep 2021) 8.68 k 0.00
Cholamandalam Investment & Finance Co. Ltd. Nbfc 18.8 4.66% 0.39% 4.76% (Apr 2022) 2.08% (Sep 2021) 23.75 k 0.00
Minda Industries Ltd. Auto ancillaries 18.4 4.57% 0.42% 4.76% (Dec 2021) 2.5% (Sep 2021) 31.82 k 0.00
Page Industries Ltd. Fabrics and garments 15.9 3.94% 0.04% 3.94% (Aug 2022) 1.29% (Sep 2021) 311.00 0.00
Astral Ltd. Plastic products 15.3 3.80% 0.39% 4.62% (Apr 2022) 3.37% (Jun 2022) 7.31 k 0.00
Max Healthcare Institute Ltd. Hospital 14.3 3.55% 0.05% 3.88% (May 2022) 1.54% (Sep 2021) 36.87 k 0.00
Trent Limited Retailing 13.8 3.42% 0.23% 3.42% (Aug 2022) 0% (Sep 2021) 9.80 k 0.00
City Union Bank Ltd. Banks 12.6 3.14% 0.24% 3.14% (Aug 2022) 1.44% (Sep 2021) 70.26 k 0.00
Pi Industries Ltd. Pesticides and agrochemicals 12.2 3.03% 0.22% 3.48% (Sep 2021) 2.16% (Nov 2021) 3.55 k 0.00
- Crompton Greaves Consumer Electricals Ltd. Home appliances 11.7 2.91% 0.00% 3.05% (Oct 2021) 2.26% (Nov 2021) 28.74 k 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
Repo Repo 1.86%
Net Receivables Net Receivables -0.08%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th August, 2022)

  • Standard Deviation

    Low volatility
    19.82vs20.63
    Category Avg
  • Beta

    Low volatility
    0.83vs0.89
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    1.05vs0.87
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.25vs0.2
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    6.19vs3.01
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Direct Plan - Growth 5 1787.29 0.38 15.31 6.68 12.70 39.88
HDFC Tax Saver Fund - Direct Plan - Growth 4 9787.51 -2.38 8.79 5.90 5.62 15.79
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 733.49 0.37 8.44 3.42 4.27 23.47
Kotak Tax Saver Fund - Direct Plan - Growth 4 2935.89 -2.50 9.57 1.15 3.10 18.67
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3851.42 -2.35 9.05 0.22 2.84 22.50
PGIM India ELSS Tax Saver Fund - Direct Plan - Growth 5 415.69 -3.06 6.75 -1.48 1.73 18.72
Tata India Tax Savings Fund - Direct Plan - Growth 3 3118.97 -3.38 9.44 0.49 1.39 16.14
Sundaram Tax Saving Fund - Direct Plan - Growth 3 969.37 -2.95 8.56 2.16 0.82 18.28
Franklin India Taxshield Fund - Direct - Growth 3 4862.16 -2.71 9.78 2.57 0.73 16.00
SBI Long Term Equity Fund - Direct Plan - Growth 4 11204.25 -3.79 8.07 2.62 0.68 17.44

More Funds from

Out of 17 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 5 is/are ranked 4 * , 1 is/are ranked 3 * , 4 is/are ranked 1 * , and 6 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Bank of India Tax Advantage Fund - Direct Plan - Growth 4 644.78 -1.05 12.61 1.33 -4.21 23.74
Bank of India Liquid Fund - Direct Plan - Growth 4 377.65 0.42 1.29 2.34 4.16 4.05
Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan - Growth 4 363.57 -0.38 9.90 0.30 -1.60 24.75
Bank of India Small Cap Fund - Direct Plan - Growth 4 353.51 0.53 15.59 3.92 6.69 39.98
Bank of India Flexi Cap Fund - Direct Plan - Growth NA 307.97 -2.09 12.19 0.20 0.31 0.00
Bank of India Large & Mid Cap Equity Fund - Direct Plan - Growth 3 211.39 -2.65 12.28 3.33 -1.61 17.80
Bank of India Credit Risk Fund - Direct Plan - Growth 1 166.26 -0.03 1.12 125.07 141.21 13.54
Bank of India Bluechip Fund - Direct Plan - Growth NA 137.06 -1.68 11.08 0.10 -7.39 0.00
Bank of India Ultra Short Duration Fund - Direct Plan - Growth 4 133.34 0.30 1.20 1.95 3.73 4.38
Bank of India Manufacturing & Infrastructure Fund - Direct Plan - Growth 5 82.63 -1.39 14.26 4.53 6.31 25.50

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