Bank of India Midcap Tax Fund Series 1 Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (25-Jul-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹71 Cr
Expense Ratio
-
ISIN
INF761K01DS3
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
26 Feb 2018
About this fund
- Bank of India Midcap Tax Fund Series 1 Direct Growth has given a CAGR return of 17.92% since inception.
- The fund's asset allocation comprises around 98.86% in equities, 0.00% in debts, and 1.14% in cash & cash equivalents.
- You can start investing in Bank of India Midcap Tax Fund Series 1 Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+47.24%
— (Cat Avg.)
3 Years
+20.14%
— (Cat Avg.)
5 Years
+29.24%
— (Cat Avg.)
Since Inception
+17.92%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹70.51 Cr | 98.86% |
| Others | ₹0.82 Cr | 1.14% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| UNO Minda Ltd | Equity | ₹3.6 Cr | 5.05% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹3.3 Cr | 4.63% |
| Astral Ltd | Equity | ₹3.02 Cr | 4.24% |
| Dixon Technologies (India) Ltd | Equity | ₹2.27 Cr | 3.19% |
| Trent Ltd | Equity | ₹2.03 Cr | 2.84% |
| PB Fintech Ltd | Equity | ₹2 Cr | 2.80% |
| Bharat Heavy Electricals Ltd | Equity | ₹1.95 Cr | 2.74% |
| Steel Authority Of India Ltd | Equity | ₹1.95 Cr | 2.73% |
| Vodafone Idea Ltd | Equity | ₹1.92 Cr | 2.69% |
| Titagarh Rail Systems Ltd | Equity | ₹1.89 Cr | 2.65% |
| Hero MotoCorp Ltd | Equity | ₹1.84 Cr | 2.58% |
| Lupin Ltd | Equity | ₹1.82 Cr | 2.55% |
| Indian Bank | Equity | ₹1.82 Cr | 2.55% |
| Deepak Nitrite Ltd | Equity | ₹1.76 Cr | 2.47% |
| TVS Motor Co Ltd | Equity | ₹1.69 Cr | 2.37% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹1.68 Cr | 2.36% |
| Canara Bank | Equity | ₹1.65 Cr | 2.32% |
| Endurance Technologies Ltd | Equity | ₹1.61 Cr | 2.26% |
| HDFC Bank Ltd | Equity | ₹1.59 Cr | 2.23% |
| Info Edge (India) Ltd | Equity | ₹1.59 Cr | 2.23% |
| CG Power & Industrial Solutions Ltd | Equity | ₹1.54 Cr | 2.15% |
| Varun Beverages Ltd | Equity | ₹1.52 Cr | 2.13% |
| Abbott India Ltd | Equity | ₹1.48 Cr | 2.07% |
| REC Ltd | Equity | ₹1.47 Cr | 2.06% |
| IRCON International Ltd | Equity | ₹1.43 Cr | 2.00% |
| Linde India Ltd | Equity | ₹1.38 Cr | 1.93% |
| The Federal Bank Ltd | Equity | ₹1.26 Cr | 1.77% |
| Reliance Industries Ltd | Equity | ₹1.22 Cr | 1.71% |
| SKF India Ltd | Equity | ₹1.18 Cr | 1.65% |
| PI Industries Ltd | Equity | ₹1.14 Cr | 1.60% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹1.13 Cr | 1.58% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹1.12 Cr | 1.57% |
| Triveni Turbine Ltd | Equity | ₹1.12 Cr | 1.57% |
| GlaxoSmithKline Pharmaceuticals Ltd | Equity | ₹1.11 Cr | 1.56% |
| AU Small Finance Bank Ltd | Equity | ₹1.11 Cr | 1.56% |
| FSN E-Commerce Ventures Ltd | Equity | ₹1.1 Cr | 1.54% |
| Relaxo Footwears Ltd | Equity | ₹1.08 Cr | 1.51% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹1.07 Cr | 1.50% |
| Union Bank of India | Equity | ₹0.94 Cr | 1.32% |
| Bank of Baroda | Equity | ₹0.93 Cr | 1.31% |
| Kajaria Ceramics Ltd | Equity | ₹0.89 Cr | 1.24% |
| Oberoi Realty Ltd | Equity | ₹0.88 Cr | 1.24% |
| Bank of Maharashtra | Equity | ₹0.83 Cr | 1.17% |
| Navin Fluorine International Ltd | Equity | ₹0.83 Cr | 1.16% |
| Indian Hotels Co Ltd | Equity | ₹0.69 Cr | 0.96% |
| Ipca Laboratories Ltd | Equity | ₹0.68 Cr | 0.95% |
| Treps | Cash - Repurchase Agreement | ₹0.62 Cr | 0.87% |
| Colgate-Palmolive (India) Ltd | Equity | ₹0.4 Cr | 0.56% |
| Net Receivables / (Payables) | Cash | ₹0.2 Cr | 0.27% |
Allocation By Market Cap (Equity)
Large Cap Stocks
19.80%
Mid Cap Stocks
68.07%
Small Cap Stocks
10.99%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹15.8 Cr | 22.15% |
| Industrials | ₹14.14 Cr | 19.83% |
| Consumer Cyclical | ₹13.63 Cr | 19.11% |
| Basic Materials | ₹7.06 Cr | 9.90% |
| Communication Services | ₹6.81 Cr | 9.55% |
| Healthcare | ₹6.77 Cr | 9.49% |
| Technology | ₹2.27 Cr | 3.19% |
| Consumer Defensive | ₹1.92 Cr | 2.69% |
| Energy | ₹1.22 Cr | 1.71% |
| Real Estate | ₹0.88 Cr | 1.24% |
Risk & Performance Ratios
Standard Deviation
This fund
15.29%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
1.04
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Aakash Manghani
Since July 2019
Dhruv Bhatia
Since July 2019
Additional Scheme Detailsas of 30th June 2024
ISIN | INF761K01DS3 | Expense Ratio | - | Exit Load | No Charges | Fund Size | ₹71 Cr | Age | 26 Feb 2018 | Lumpsum Minimum | ₹500 | Fund Status | Unlisted Closed End Investment Company | Benchmark | S&P BSE 500 India TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4551.18 Cr | 34.0% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4551.18 Cr | 32.5% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹37106.30 Cr | 29.4% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹3731.20 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹3731.20 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹54.22 Cr | 41.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹54.22 Cr | 39.5% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹363.38 Cr | 55.5% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹363.38 Cr | 52.7% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1649.12 Cr | 25.5% |
About the AMC
Total AUM
₹7,906 Cr
Address
B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013
Other Funds by BOI Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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Who manages the Bank of India Midcap Tax Fund Series 1 Direct Growth?
- Aakash Manghani
- Dhruv Bhatia
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