Bank of India Midcap Tax Fund Series 2 Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (11-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹39 Cr
Expense Ratio
-
ISIN
INF761K01EL6
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
19 Oct 2018
About this fund
- Bank of India Midcap Tax Fund Series 2 Direct Growth has given a CAGR return of 23.52% since inception.
- The fund's asset allocation comprises around 95.88% in equities, 0.00% in debts, and 4.12% in cash & cash equivalents.
- You can start investing in Bank of India Midcap Tax Fund Series 2 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
+38.60%
— (Cat Avg.)
3 Years
+17.53%
— (Cat Avg.)
5 Years
+27.22%
— (Cat Avg.)
Since Inception
+23.52%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹36.99 Cr | 95.88% |
| Others | ₹1.59 Cr | 4.12% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Indus Towers Ltd Ordinary Shares | Equity | ₹2.09 Cr | 5.41% |
| UNO Minda Ltd | Equity | ₹1.98 Cr | 5.14% |
| Treps | Cash - Repurchase Agreement | ₹1.52 Cr | 3.95% |
| Lupin Ltd | Equity | ₹1.44 Cr | 3.75% |
| Dixon Technologies (India) Ltd | Equity | ₹1.32 Cr | 3.41% |
| Astral Ltd | Equity | ₹1.28 Cr | 3.31% |
| Deepak Nitrite Ltd | Equity | ₹1.22 Cr | 3.17% |
| Indian Bank | Equity | ₹1.16 Cr | 3.02% |
| Info Edge (India) Ltd | Equity | ₹1.15 Cr | 2.99% |
| FSN E-Commerce Ventures Ltd | Equity | ₹1.06 Cr | 2.75% |
| The Federal Bank Ltd | Equity | ₹1.01 Cr | 2.62% |
| Trent Ltd | Equity | ₹1 Cr | 2.60% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹0.99 Cr | 2.55% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹0.98 Cr | 2.53% |
| Steel Authority Of India Ltd | Equity | ₹0.92 Cr | 2.39% |
| REC Ltd | Equity | ₹0.92 Cr | 2.39% |
| Bharat Heavy Electricals Ltd | Equity | ₹0.9 Cr | 2.33% |
| PB Fintech Ltd | Equity | ₹0.85 Cr | 2.21% |
| Abbott India Ltd | Equity | ₹0.85 Cr | 2.19% |
| HDFC Bank Ltd | Equity | ₹0.82 Cr | 2.12% |
| Ipca Laboratories Ltd | Equity | ₹0.81 Cr | 2.10% |
| Endurance Technologies Ltd | Equity | ₹0.79 Cr | 2.04% |
| Hero MotoCorp Ltd | Equity | ₹0.76 Cr | 1.98% |
| Titagarh Rail Systems Ltd | Equity | ₹0.76 Cr | 1.98% |
| IRCON International Ltd | Equity | ₹0.74 Cr | 1.91% |
| Canara Bank | Equity | ₹0.74 Cr | 1.91% |
| AU Small Finance Bank Ltd | Equity | ₹0.72 Cr | 1.87% |
| PI Industries Ltd | Equity | ₹0.71 Cr | 1.84% |
| Varun Beverages Ltd | Equity | ₹0.7 Cr | 1.82% |
| Marico Ltd | Equity | ₹0.68 Cr | 1.77% |
| Triveni Turbine Ltd | Equity | ₹0.67 Cr | 1.74% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹0.66 Cr | 1.71% |
| Linde India Ltd | Equity | ₹0.64 Cr | 1.66% |
| Bank of Maharashtra | Equity | ₹0.63 Cr | 1.64% |
| Reliance Industries Ltd | Equity | ₹0.62 Cr | 1.60% |
| GlaxoSmithKline Pharmaceuticals Ltd | Equity | ₹0.62 Cr | 1.60% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹0.58 Cr | 1.51% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹0.5 Cr | 1.30% |
| SKF India Ltd | Equity | ₹0.5 Cr | 1.30% |
| Oberoi Realty Ltd | Equity | ₹0.46 Cr | 1.19% |
| Navin Fluorine International Ltd | Equity | ₹0.4 Cr | 1.03% |
| Vodafone Idea Ltd | Equity | ₹0.37 Cr | 0.96% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹0.37 Cr | 0.96% |
| Housing & Urban Development Corp Ltd | Equity | ₹0.34 Cr | 0.87% |
| Colgate-Palmolive (India) Ltd | Equity | ₹0.27 Cr | 0.71% |
| Net Receivables / (Payables) | Cash | ₹0.07 Cr | 0.17% |
Allocation By Market Cap (Equity)
Large Cap Stocks
18.27%
Mid Cap Stocks
66.59%
Small Cap Stocks
11.02%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹9.43 Cr | 24.43% |
| Industrials | ₹5.72 Cr | 14.83% |
| Consumer Cyclical | ₹5.6 Cr | 14.50% |
| Healthcare | ₹4.69 Cr | 12.17% |
| Basic Materials | ₹3.89 Cr | 10.08% |
| Communication Services | ₹3.61 Cr | 9.36% |
| Consumer Defensive | ₹1.66 Cr | 4.29% |
| Technology | ₹1.32 Cr | 3.41% |
| Energy | ₹0.62 Cr | 1.60% |
| Real Estate | ₹0.46 Cr | 1.19% |
Risk & Performance Ratios
Standard Deviation
This fund
14.78%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
0.87
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Aakash Manghani
Since December 2021
Additional Scheme Detailsas of 31st August 2024
ISIN | INF761K01EL6 | Expense Ratio | - | Exit Load | No Charges | Fund Size | ₹39 Cr | Age | 19 Oct 2018 | Lumpsum Minimum | ₹500 | Fund Status | Unlisted Closed End Investment Company | Benchmark | 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
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Equity - Other Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| SBI Equity Minimum Variance Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹228.86 Cr | 36.0% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.7% | 0.0% | ₹228.86 Cr | 35.6% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹595.09 Cr | 55.6% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹595.09 Cr | 53.1% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹3282.87 Cr | 59.5% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3282.87 Cr | 57.6% |
| HDFC NIFTY200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹11.35 Cr | 63.0% |
| HDFC NIFTY100 Low Volatility 30 ETF Very High Risk | 0.3% | - | ₹5.95 Cr | 34.7% |
| ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹324.39 Cr | 61.2% |
| DSP Nifty Midcap 150 Quality 50 ETF Low Risk | 0.3% | - | ₹100.90 Cr | 36.8% |
About the AMC
Total AUM
₹10,118 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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- Aakash Manghani
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