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 | ₹29.33 (as of 2026-10-01) |
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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 | 11.08% |
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| Sharpe ratio | 0.59 |
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| Standard deviation | 19.26% |
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| Max drawdown | −36.92% |
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| Alpha | 3.49 |
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| Beta | 1.15 |
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Over 5 years, captured 115.6% of Nifty 500's upside and 107.3% of its downside.
Market cap allocation
| Large cap | 13.1% |
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| Mid cap | 66.7% |
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| Small cap | 20.2% |
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Concentration
| Top 5 holdings | 19.5% |
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| Top 10 holdings | 35.2% |
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| Total holdings | 50 |
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| Index overlap | 13.1% |
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| Active share | 86.9% |
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Top holdings
- UNO Minda Limited — 4.6%
- Bank of maharashtra — 4.2%
- PB Fintech Limited — 3.7%
- Lloyds Metals and Energy Limited — 3.7%
- Aurobindo Pharma Ltd. — 3.4%
- COFORGE LIMITED — 3.4%
- QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED — 3.3%
- FSN E-Commerce Ventures Limited — 3.1%
- HITACHI ENERGY INDIA LIMITED — 3.0%
- Radico Khaitan Ltd. — 2.9%
Top sectors
- Banking & Financial — 16.6%
- Automobile — 13.5%
- Electricals — 11.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 8.0% | Q1 (Top) | #2 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 |