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Bank of India Midcap Tax Fund - Series 2 - Regular Plan - Growth
Equity ELSS - Tax Saver Fund Very High Risk Fund Manager: Nilesh Jethani

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📓 Notes
1.06%
1Y Return
-0.92% 1D
Overview Returns Historical Holdings Peer Comparison Fund Managers AMC FAQ
Latest NAV
₹33.34
Fund Size
₹32 Cr
Turnover Ratio
—
Lock-in Period
3
Inception Date
19 Oct 2018
Return Since Inception
16.23%
Fund Type
Close ended scheme
Min. Lumpsum / SIP
₹500 / ₹0

The investment objective of the scheme is 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.

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NAV Performance
Historical Net Asset Value
1.06% 1Y Return
≤ 1 year — Absolute; > 1 year — CAGR
Return Calculator
Estimation based on past performance
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Invested Amount
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0
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Lumpsum Investment
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Returns and Rankings
Benchmark: BSE 500 - TRI
ELSS - Tax Saver Fund 1M3M6M9M1Y 2Y3Y4Y5Y10YALL
Fund returns -5.28%-1.24% 3.09%5.14% 1.06%0.48% 12.35%13.17% 8.77%N/A 16.23%
Category returns -3.81%-4.62% -1.33%-2.69% -4.69%-2.55% 9.28%11.84% 8.91%11.87% N/A
Absolute returns -5.28%-1.24%3.09%5.14%1.06%0.97%41.87%64.07%52.31%N/A 233.4%
Rank within category 44/53 6/53 5/53 4/53 6/53 5/52 8/51 16/47 21/46 N/A N/A
≤ 1 year — Absolute; > 1 year — CAGR
Historical Data
Benchmark: BSE 500 - TRI
ELSS - Tax Saver Fund 201820192020202120222023202420252026
Yearly returnsN/A8.4%27.53%45.56%-6.24%35.04%18.53%2.1%2.11%
Q1 returnsN/A2.17%-21.25%9.43%-6.95%-5.96%5.89%-11.26%-12.99%
Q2 returnsN/A-1.2%14.38%16.79%-12.15%16.55%15.96%17.55%17.74%
Q3 returnsN/A1.68%21.18%11.38%15.9%8.49%1.96%-3.36%1.85%
Q4 returnsN/A5.61%16.84%2.26%-1.04%13.55%-5.33%1.27%-2.14%
Expense Ratio, Exit Load & Tax
Expense Ratio: 1.4% (Inclusive of GST)
Exit Load

Advanced Ratios
Alpha0.402759
Beta1.1306
Sharpe Ratio0.138466
Sortino Ratio0.265376
Risk Metrics
R-Squared0.8262
Tracking Error2.1074
Downside Risk24.0224
Std. Deviation (Annualised)17.0806
Peer Comparison
ELSS - Tax Saver Fund 1M3M6M9M1Y3Y5Y10YALL Fund Size (Cr)Exp. RatioSharpeRisk
SBI Long Term Advantage Fund - Series V - Regular Plan - Growth -3.72% -2.99% 3.01% -0.06% -2.3% 18.74% 12.79% N/A 14.11% 365.62 1.38 0.27 Very High
Motilal Oswal ELSS Tax Saver Fund - Regular Plan - Growth -5.41% -1.14% 3.14% 10.23% 2.2% 18.32% 14.49% 14.87% 15.5% 4,889.61 2.09 0.20 Very High
HSBC ELSS Tax saver Fund - Regular Plan - Growth -4.2% -3.03% 0.91% 1.7% -1.13% 13.9% 10.43% 12.09% 13.46% 3,973.53 2.00 0.17 Very High
Bank of India Midcap Tax Fund - Series 1 - Regular Plan - Growth -4.68% -0.76% 4.52% 10.43% 4.94% 13.56% 9.56% N/A 13.02% 65.24 1.34 0.15 Very High
JM ELSS - Tax Saver Fund - Growth -4.36% 0.04% 7.06% 3.74% 1.06% 13.41% 10.77% 14.39% 9.1% 239.91 2.69 0.16 Very High
WhiteOak Capital ELSS Tax Saver Fund - Regular Plan - Growth -3.22% -3.33% 2.06% -1% -3.15% 12.72% N/A N/A 14.52% 481.21 2.59 0.16 Very High
Quant ELSS Tax Saver Fund - Growth -4.51% -3.84% 3.82% 8.61% 4.29% 12.59% 11.56% 17.86% 14.83% 13,103.40 2.15 0.14 Very High
Bank of India Midcap Tax Fund - Series 2 - Regular Plan - Growth Current -5.28% -1.24% 3.09% 5.14% 1.06% 12.35% 8.77% N/A 16.23% 32.14 1.40 0.14 Very High
ITI ELSS Tax Saver Fund - Regular Plan - Growth -4.98% -5.38% 1.25% 0.42% -3.06% 12.21% 9.47% N/A 13.19% 444.77 2.57 0.14 Very High
Baroda BNP Paribas ELSS Tax Saver Fund - Regular Plan - Growth -4.6% -4.73% -2.07% -3.82% -2.33% 12.17% 8.46% 11.65% 11.4% 857.05 2.48 0.15 Very High
Holdings (2)
Instrument Type
Domestic Equities
0.61%
Cash & Cash Equivalents and Net Assets
0.41%
Sector
Industrial Products
0.61%
Others
0.41%
NameSectorInstrumentAssets %
Bansal Wire Industries Ltd. Industrial Products Domestic Equities 0.61%
Net Receivables / (Payables) Cash & Cash Equivalents and Net Assets 0.41%
Total1.02%
FUND MANAGERS
Managed By Experts
MN
Mr. Nilesh Jethani
in

He has over 9 years of experience in Equity Research across Financial, IT and Capital Goods sector.

Age
32 Yrs
Experience
9 Years
Reported
04 Jan 2024
PG Program in Global Financial Markets, CFA-Level 2
FAQ
All You Need To Know About Mutual Funds
It is an Close ended scheme that primarily invests in ELSS - Tax Saver Fund.
The investment objective of the scheme is 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.
The scheme benchmark is the BSE 500 - TRI.
It is classified as Very High Risk.
1-year: 1.06% | 3-year: 12.35% | 5-year: 8.77%
Top holdings include: Bansal Wire Industries Ltd., Net Receivables / (Payables)
The NAV is around ₹33.34.
The fund's AUM is approximately ₹32 Cr.
The expense ratio for the Regular Plan is 1.4%.
.
Minimum SIP starts at ₹0.
The minimum lump sum investment is ₹500.
You can start a SIP through the Sharescart platform. Enter KYC details, choose the Regular Growth option, set SIP amount and frequency, and submit.
The fund manager: Nilesh Jethani
This fund is suitable for investors with a Very High risk tolerance.
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Bank of India Midcap Tax Fund - Series 2 - Regular Plan - Growth
Very High Risk | ELSS - Tax Saver Fund | Equity
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