Bank of India Midcap Tax Fund Series 1 Direct Growth

Fund Overview

Fund Size

₹60 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 is a ELSS (Tax Savings) mutual fund schemes offered by BOI Mutual Fund. This fund has been in existence for 6 years, 11 months and 27 days, having been launched on 26-Feb-18

Bank of India Midcap Tax Fund Series 1 Direct Growth has given a CAGR return of 13.16% since inception.
The fund's asset allocation comprises around 99.05% in equities, 0.00% in debts, and 0.95% 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

-2.06%

— (Cat Avg.)

3 Years

+12.34%

— (Cat Avg.)

5 Years

+18.41%

— (Cat Avg.)

Since Inception

+13.16%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2025

Equity	₹59.43 Cr	99.05%
Others	₹0.57 Cr	0.95%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
UNO Minda Ltd	Equity	₹2.66 Cr	4.43%
Dixon Technologies (India) Ltd	Equity	₹2.59 Cr	4.32%
Coforge Ltd	Equity	₹2.46 Cr	4.09%
HDFC Bank Ltd	Equity	₹2.34 Cr	3.89%
Indian Bank	Equity	₹1.99 Cr	3.31%
PB Fintech Ltd	Equity	₹1.96 Cr	3.27%
Deepak Nitrite Ltd	Equity	₹1.83 Cr	3.05%
Oberoi Realty Ltd	Equity	₹1.74 Cr	2.90%
Lloyds Metals & Energy Ltd	Equity	₹1.72 Cr	2.86%
Manorama Industries Ltd	Equity	₹1.69 Cr	2.82%
Ipca Laboratories Ltd	Equity	₹1.59 Cr	2.66%
Trent Ltd	Equity	₹1.55 Cr	2.59%
Varun Beverages Ltd	Equity	₹1.45 Cr	2.42%
ICICI Lombard General Insurance Co Ltd	Equity	₹1.45 Cr	2.42%
Hitachi Energy India Ltd Ordinary Shares	Equity	₹1.44 Cr	2.40%
REC Ltd	Equity	₹1.4 Cr	2.34%
Abbott India Ltd	Equity	₹1.4 Cr	2.33%
BSE Ltd	Equity	₹1.38 Cr	2.31%
CG Power & Industrial Solutions Ltd	Equity	₹1.38 Cr	2.31%
Hero MotoCorp Ltd	Equity	₹1.36 Cr	2.26%
AU Small Finance Bank Ltd	Equity	₹1.35 Cr	2.24%
Zaggle Prepaid Ocean Services Ltd	Equity	₹1.21 Cr	2.01%
Triveni Turbine Ltd	Equity	₹1.21 Cr	2.01%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹1.2 Cr	2.00%
Endurance Technologies Ltd	Equity	₹1.2 Cr	1.99%
Lupin Ltd	Equity	₹1.19 Cr	1.98%
PI Industries Ltd	Equity	₹1.05 Cr	1.74%
Housing & Urban Development Corp Ltd	Equity	₹1.02 Cr	1.70%
Reliance Industries Ltd	Equity	₹0.99 Cr	1.64%
Navin Fluorine International Ltd	Equity	₹0.96 Cr	1.60%
Jindal Stainless Ltd	Equity	₹0.93 Cr	1.55%
Tube Investments of India Ltd Ordinary Shares	Equity	₹0.88 Cr	1.47%
Tata Technologies Ltd	Equity	₹0.87 Cr	1.46%
Astral Ltd	Equity	₹0.84 Cr	1.41%
The Federal Bank Ltd	Equity	₹0.81 Cr	1.35%
KEI Industries Ltd	Equity	₹0.75 Cr	1.25%
Bharat Dynamics Ltd Ordinary Shares	Equity	₹0.7 Cr	1.17%
Titagarh Rail Systems Ltd	Equity	₹0.68 Cr	1.13%
PNB Housing Finance Ltd	Equity	₹0.67 Cr	1.11%
Bharat Heavy Electricals Ltd	Equity	₹0.63 Cr	1.05%
KPIT Technologies Ltd	Equity	₹0.63 Cr	1.05%
Apollo Hospitals Enterprise Ltd	Equity	₹0.63 Cr	1.04%
Linde India Ltd	Equity	₹0.6 Cr	1.01%
KRN Heat Exchanger and Refrigeration Ltd	Equity	₹0.57 Cr	0.95%
Carraro India Ltd	Equity	₹0.54 Cr	0.90%
Praj Industries Ltd	Equity	₹0.53 Cr	0.88%
Advanced Enzyme Technologies Ltd	Equity	₹0.5 Cr	0.83%
Net Receivables / (Payables)	Cash	₹0.45 Cr	0.75%
Info Edge (India) Ltd	Equity	₹0.31 Cr	0.51%
Cholamandalam Investment and Finance Co Ltd	Equity	₹0.31 Cr	0.51%
Sterling and Wilson Renewable Energy Ltd	Equity	₹0.29 Cr	0.49%
Treps	Cash - Repurchase Agreement	₹0.12 Cr	0.20%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹14.68 Cr	24.47%
Technology	₹10.06 Cr	16.77%
Industrials	₹7.61 Cr	12.68%
Basic Materials	₹7.59 Cr	12.65%
Consumer Cyclical	₹7.3 Cr	12.17%
Healthcare	₹6.01 Cr	10.01%
Consumer Defensive	₹3.14 Cr	5.24%
Real Estate	₹1.74 Cr	2.90%
Energy	₹0.99 Cr	1.64%
Communication Services	₹0.31 Cr	0.51%

Risk & Performance Ratios

Fund Managers

Nilesh Jethani

Since October 2024

Additional Scheme Detailsas of 31st January 2025

ISIN

INF761K01DS3

Expense Ratio

Exit Load

No Charges

Fund Size

₹60 Cr

Age

6 years 11 months

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:

Dividend Taxation:

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 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%	₹4397.93 Cr	7.9%
Tata India Tax Savings Fund Regular Growth Very High Risk	1.8%	0.0%	₹4397.93 Cr	6.7%
Axis Long Term Equity Fund Regular Growth Very High Risk	1.5%	0.0%	₹34496.58 Cr	8.3%
Parag Parikh Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹4572.13 Cr	11.6%
Parag Parikh Tax Saver Fund Regular Growth Very High Risk	1.7%	0.0%	₹4572.13 Cr	10.4%
Shriram Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹47.53 Cr	-5.7%
Shriram Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹47.53 Cr	-7.2%
ITI Long Term Equity Fund Direct Growth Very High Risk	0.5%	0.0%	₹374.22 Cr	4.5%
ITI Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹374.22 Cr	2.6%
Sundaram Diversified Equity Regular Growth Very High Risk	2.2%	0.0%	₹1467.94 Cr	4.1%

About the AMC

BOI Mutual Fund

+91 22 40479000

https://www.boimf.in/

Total AUM

₹10,598 Cr

Address

B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013

Other Funds by BOI Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bank of India Midcap Tax Fund Series 1 Direct Growth Very High Risk	-	0.0%	₹60.00 Cr	-2.1%
Bank of India Midcap Tax Fund Series 2 Direct Growth Very High Risk	-	0.0%	₹31.55 Cr	-2.3%
Bank of India Mid & Small Cap Equity & Debt Direct Growth Very High Risk	0.8%	1.0%	₹1051.92 Cr	4.7%
Bank of India Conservative Hybrid Fund Direct Growth Moderately High risk	1.1%	1.0%	₹64.23 Cr	3.0%
Bank of India Balanced Advantage Fund Direct Growth Very High Risk	1.2%	1.0%	₹132.36 Cr	-0.1%
Bank of India Multi Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹749.55 Cr	4.5%
Bank of India Bluechip Fund Direct Growth Very High Risk	0.9%	1.0%	₹183.87 Cr	-2.9%
Bank of India Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1991.04 Cr	3.0%
Bank of India Large & Mid Cap Equity Fund Direct Growth Very High Risk	1.1%	1.0%	₹356.68 Cr	0.6%
Bank of India Liquid Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1724.83 Cr	7.4%
Bank of India S/T Income Direct Growth Moderate Risk	0.5%	0.0%	₹102.16 Cr	9.5%
Bank of India Manufacturing and Infrastructure fund Direct Growth Very High Risk	0.7%	1.0%	₹523.86 Cr	5.4%
Bank of India Tax Advantage Fund Direct Growth Very High Risk	0.8%	0.0%	₹1329.97 Cr	-2.9%
Bank of India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹162.21 Cr	7.2%
Bank of India Credit Risk Fund Direct Growth High Risk	1.0%	4.0%	₹113.57 Cr	6.5%
Bank of India Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1555.78 Cr	6.8%
Bank of India Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹138.92 Cr	6.8%
Bank of India Arbitrage Fund Direct Growth Low Risk	0.5%	0.0%	₹43.60 Cr	7.5%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Bank of India Midcap Tax Fund Series 1 Direct Growth?

The NAV of Bank of India Midcap Tax Fund Series 1 Direct Growth, as of 21-Feb-2025, is ₹23.72.

What are the returns of Bank of India Midcap Tax Fund Series 1 Direct Growth?

The fund has generated -2.06% over the last 1 year and 12.34% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Bank of India Midcap Tax Fund Series 1 Direct Growth?

The fund's allocation of assets is distributed as 99.05% in equities, 0.00% in bonds, and 0.95% in cash and cash equivalents.

Who manages the Bank of India Midcap Tax Fund Series 1 Direct Growth?

The fund managers responsible for Bank of India Midcap Tax Fund Series 1 Direct Growth are:-

Nilesh Jethani

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹60 Cr

Expense Ratio

ISIN

INF761K01DS3

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

26 Feb 2018

Risk Level

Your principal amount will be at Very High Risk