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Unrated

Bank of India Midcap Tax Fund Series 2 - Direct Plan download report


Equity: ELSS

1 Lakh

Investment Grown to
₹ 2.05 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Bank of India Midcap Tax Fund Series 2 Direct-G -7.04 0.34 2.81 12.04 4.12 -4.16 -1.01 27.09 -- -- --
S&P BSE 500 TRI 0.64 0.04 1.62 10.88 4.16 -0.06 8.03 20.74 -- -- --
Equity: ELSS 1.12 0.25 2.06 10.38 4.97 -0.30 10.26 28.27 -- -- --
Rank within category 17 6 5 2 11 18 18 13 -- -- --
Number of funds in category 18 18 18 18 18 18 18 18 10 4 0

As on 05-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Bank of India Midcap Tax Fund Series 2 - Direct Plan
Unrated
Oct-18 -1.01 27.09 -- 0.80 36

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.30 01-Apr-2020 - 09-Apr-2020 -18.91 16-Mar-2020 - 23-Mar-2020
Month 16.57 23-Mar-2020 - 22-Apr-2020 -34.24 20-Feb-2020 - 23-Mar-2020
Quarter 28.94 27-May-2020 - 26-Aug-2020 -26.71 23-Dec-2019 - 23-Mar-2020
Year 93.73 23-Mar-2020 - 23-Mar-2021 -20.51 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Bank of India Midcap Tax Fund Series 2 Direct-G 25.79 22.71 0.98 1.01 0.92 6.79
S&P BSE 500 TRI 20.28 22.43 0.75 0.86 -- --
Equity: ELSS 26.86 24.94 0.94 0.99 1.02 6.16
Rank within category 11 7 6 5 3 10
Number of funds in category 18 18 18 18 18 18

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 45
Top 10 Stocks (%) 35.83
Top 5 Stocks (%) 20.38
Top 3 Sectors (%) 46.16
Portfolio P/B Ratio 5.88
Portfolio P/E Ratio 39.70

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 35,622 76,061
Giant (%) 8.54 42.42
Large (%) 13.01 14.46
Mid (%) 75.40 33.52
Small (%) 3.06 28.97
Tiny (%) -- 0.53

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Tube Investments Of India Automobile 54.12 4.57 0.00 4.57
down Cholamandalam Investment & Finance Company Financial 26.52 4.76 1.05 4.33
equal UNO Minda Automobile 83.54 4.76 1.32 4.23
down Max Healthcare Institute Healthcare 60.63 3.88 0.00 3.77
equal Page Industries Textiles 100.31 3.78 0.00 3.48
down Astral Materials 82.84 5.16 0.00 3.37
up AU Small Finance Bank Financial 34.17 5.04 0.97 3.34
equal Trent Services 441.45 3.53 0.00 2.93
down Relaxo Footwears Consumer Discretionary 103.48 3.51 1.59 2.91
down Atul Chemicals 45.90 3.75 1.55 2.90
up Reliance Industries Energy 25.83 2.85 0.00 2.77
equal Crompton Greaves Consumer Electricals Consumer Discretionary 39.22 4.22 0.00 2.72
down PI Industries Chemicals 53.50 5.90 1.55 2.68
down Navin Fluorine International Chemicals 78.84 2.96 0.00 2.63
equal City Union Bank Financial 15.66 3.58 1.21 2.61
equal Persistent Systems Technology 38.49 3.10 0.00 2.57
equal Endurance Technologies Automobile 44.06 3.14 0.00 2.55
up Ajanta Pharma Healthcare 22.95 3.24 0.00 2.47
down SRF Diversified 35.23 3.47 0.00 2.37
equal The Indian Hotels Company Services -- 2.35 0.00 2.35
equal JB Chemicals & Pharma Healthcare 38.73 2.54 0.00 2.03
equal Infosys Technology 30.54 3.31 0.00 2.02
equal HDFC Bank Financial 19.97 4.81 1.66 2.00
equal Max Financial Services Financial 97.76 2.19 0.00 1.99
up TVS Motor Company Automobile 42.00 1.98 0.00 1.98

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2022

Fund Manager

— Dhruv Bhatia since 20-Jan-2022

Education: Mr. Bhatia has done PGDM (Finance), Bachelors in Management Studies (Finance).

Experience: Prior to joining Bank of India Mutual Fund, he has worked with AUM Fund Advisors LLP and Sahara Asset Management Company.

Funds Managed:


0.34%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 20.4800

IDCW: ₹ 20.4800


Investment Strategy

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.

Investment Details

Tenure (Days) 3650
Maturity date

Basic Details

Fund House: Bank of India Mutual Fund
Launch Date: 19-Oct-2018
Return Since Launch: 20.78%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Closed-end

Contact Information

AMC: Bank of India Investment Managers Private Limited

Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013

Email: [email protected]

Website: https://www.boimf.in/

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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