Bank of India Midcap Tax Fund Series 1 Direct Growth

Bank of India Midcap Tax Fund Series 1 Direct Growth is an equity fund. This fund was started on 26 February, 2018. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. Bank of India Midcap Tax Fund Series 1 Direct Growth has ₹58 Cr worth of assets under management (AUM) as on May 2025 and is less than category average.
2. The fund has an expense ratio 1.3.
   

Bank of India Midcap Tax Fund Series 1 Direct Growth has given a CAGR return of 14.96% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -0.43%, 22.93% and 26.54% respectively.

Bank of India Midcap Tax Fund Series 1 Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Health, Tech, Consumer Defensive, Real Estate, Energy. Its top holdings are UNO Minda Ltd, Coforge Ltd, HDFC Bank Ltd, Indian Bank, Hitachi Energy India Ltd Ordinary Shares

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

"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. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns."

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 0.00. There is a lock in period for Bank of India Midcap Tax Fund Series 1 Direct Growth of 3 Years