Bank of India Midcap Tax Fund Sr 1
The scheme seeks 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.
Growthvine rating: 4/5 — ranked #13 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹30.17 (as of 2026-08-21) |
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| AUM | ₹0 Cr |
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| Expense ratio | 0.00% |
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| Riskometer | Very High |
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| Fund manager | Nilesh Jethani |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 12.32% |
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| Sharpe ratio | 0.54 |
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| Standard deviation | 19.13% |
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| Max drawdown | -36.92% |
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| Alpha | 2.6 |
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| Beta | 1.15 |
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Over 5 years, captured 109.2% of Nifty 500's upside and 110.8% of its downside.
Market cap allocation
| Large cap | 13.4% |
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| Mid cap | 67.1% |
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| Small cap | 19.5% |
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Concentration
| Top 5 holdings | 19.6% |
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| Top 10 holdings | 34.6% |
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| Total holdings | 51 |
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| Index overlap | 13.2% |
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| Active share | 86.8% |
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Top holdings
- UNO Minda Limited — 4.4%
- Lloyds Metals and Energy Limited — 4.3%
- Bank of maharashtra — 4.2%
- PB Fintech Limited — 3.3%
- Aurobindo Pharma Ltd. — 3.3%
- FSN E-Commerce Ventures Limited — 3.1%
- COFORGE LIMITED — 3.1%
- HITACHI ENERGY INDIA LIMITED — 3.0%
- HDFC Bank Ltd. — 3.0%
- Radico Khaitan Ltd. — 2.9%
Top sectors
- Banking & Financial — 16.9%
- Automobile — 13.8%
- Electricals — 8.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 11.1% | Q1 (Top) | #4 of 52 |
| 2025 | 0.5% | Q4 (Bottom) | #42 of 51 |
| 2024 | 19.6% | Q2 | #24 of 51 |
| 2023 | 34.1% | Q2 | #13 of 48 |
| 2022 | -6.6% | Q4 (Bottom) | #41 of 43 |