Bank of India Midcap Tax Fund Sr 2
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: 3/5 — ranked #15 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹33.88 (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 | 10.22% |
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| Sharpe ratio | 0.57 |
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| Standard deviation | 18.57% |
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| Max drawdown | −34.23% |
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| Alpha | 2.7 |
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| Beta | 1.14 |
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Over 5 years, captured 111.8% of Nifty 500's upside and 106.8% of its downside.
Market cap allocation
| Large cap | 9.0% |
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| Mid cap | 69.8% |
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| Small cap | 21.2% |
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Concentration
| Top 5 holdings | 22.2% |
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| Top 10 holdings | 38.3% |
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| Total holdings | 53 |
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| Index overlap | 12.3% |
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| Active share | 87.7% |
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Top holdings
- COFORGE LIMITED — 5.5%
- UNO Minda Limited — 4.8%
- Bank of maharashtra — 4.3%
- Steel Authority of India Ltd. — 4.1%
- Aurobindo Pharma Ltd. — 3.6%
- PB Fintech Limited — 3.6%
- Federal Bank Ltd. — 3.4%
- QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED — 3.3%
- HDFC Bank Ltd. — 3.1%
- One 97 Communications Limited — 2.6%
Top sectors
- Banking & Financial — 15.2%
- Pharma & Biotech — 12.4%
- Automobile — 7.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 3.8% | Q1 (Top) | #10 of 52 |
| 2025 | 2.1% | Q3 | #31 of 51 |
| 2024 | 18.5% | Q2 | #26 of 51 |
| 2023 | 35.0% | Q1 (Top) | #11 of 48 |
| 2022 | −6.2% | Q4 (Bottom) | #40 of 43 |