Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth

Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth is a hybrid fund. This fund was started on 20 July, 2016. The fund is managed by Alok Singh. This fund gives you the benefit of diversification.

1. Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth has ₹1068 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 0.8.
   

Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth has given a CAGR return of 16.70% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 4.39%, 17.09% and 27.57% respectively.

Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent, Corporate, Financial Services, Basic Materials, Industrial, Consumer Cyclical, Tech, Health, Consumer Defensive, Energy, Utilities.

As it is a aggressive allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The scheme's objective is to provide capital appreciation and income distribution to investors from a portfolio constituting of mid and small cap equity and equity related securities as well as fixed income securities. However there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth has no lock in period.