Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl

Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl

Equity
Direct
Elss (Tax Savings)

NAV: ₹ 17.4 as on 27-09-2022

Fund Performance

Fund Performance

Return
1M
3M
6M
1Y
3Y
This Fund
-0.5%
14.4%
3.5%
-2.5%
25.8%
Benchmark
-2.8%
9.4%
0.4%
-2.4%
16.2%
Category
-2.2%
9.6%
1.3%
-2.7%
16%
About the Fund

Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl is an equity fund. This fund was started on  26 February, 2018. The fund is managed by Aakash Manghani, Dhruv Bhatia. The fund could potentially beat inflation in the long-run.

Key parameters

1) Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl has a NAV of 17.37 as on 27-09-2022.

2) Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl has 64 Cr worth of assets under management (AUM) as on 31-07-2022 and is less than category average.

3) The fund has an expense ratio 0.96 %.

Fund Overview

Expense ratio
Expense ratio
0.96%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹64 Cr
Inception Date
Inception Date
26 February, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹0
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
82.32%

Fund Distribution

  • Equity 96.6%
  • Debt & Cash 3.4%
Size breakup
Mid cap
68.3%
Large cap
16.5%
Small cap
11.8%

Sector Allocation

Aug'22

Jul'22

Jun'22

Consumer Cyclical

31.1%

Financial Services

19.4%

Basic Materials

15.6%

Health

10.9%

Industrial

9.6%

Tech

6%

Energy

3%

Consumer Defensive

3%

Real Estate

1.4%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings44
Equity Holdings42
Debt Holdings2

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 2 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 63.7 Cr
Jul'22
₹ 61.7 Cr
Jun'22
₹ 56.4 Cr

Fund Returns vs Benchmark

Aug'22
10.13%
9.49%
Jul'22
10.13%
9.49%
Jun'22
-3.70%
-4.94%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Aug'22
Jul'22
Jun'22
No of Holdings
44
47
47
Top 5 Company Concentration
21.2%
19.7%
24%
Company having highest exposure
Cholamandalam Investment and Finance Co Ltd (4.8%)
Cholamandalam Investment and Finance Co Ltd (4.4%)
Cholamandalam Investment and Finance Co Ltd (4.6%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
83.7%
83.5%
82.4%
Sector having highest exposure
Consumer Cyclical (30.1%)
Consumer Cyclical (28.3%)
Consumer Cyclical (27.6%)

Fund Manager

Aakash Manghani

Aakash Manghani

Managing this fund since 15 July 2019
Dhruv Bhatia

Dhruv Bhatia

Managing this fund since 15 July 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Bank of India Small Cap Fund Direct Growth
40.03%
29.65%

AMC details

Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Phone
+912240479000
Fund House
Bank of India Investment Managers Private Limited

Fund Highlights

meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 12.8% since inception which is less than its category average return of 13.55%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.62% in Equity, 0% in Debt and 3.38% in Cash related instruments
AUM size ₹64 Cr

AUM size ₹64 Cr

This fund has AUM of ₹64 Cr which is less than its category average of ₹ 2720 Cr
Expense Ratio 0.96%

Expense Ratio 0.96%

This fund has an expense ratio of 0.96% which is less than its category average expense ratio of 1.58%

Frequently Asked Questions

The current NAV of Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl is 17.38.
Existing (Absolute + CAGR)
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
-0.46%
-0.46%
6 Month Returns
3.58%
3.58%
1 Year Returns
-3.34%
-3.34%
3 Years Returns
99.08%
25.8%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.96 as on August 2022
64 Cr as on August 2022
Cholamandalam Investment and Finance Co Ltd(4.83%),UNO Minda Ltd(4.7%),Page Industries Ltd(3.94%),Astral Ltd(3.9%),Tube Investments of India Ltd Ordinary Shares(3.81%) as on August 2022
Consumer Cyclical(30.08%),Financial Services(18.77%),Basic Materials(15.11%) as on August 2022
The alpha ratio for the Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl
-5.33
8.78
-
As on month end.
The alpha for Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl
1.09
0.88
-
As on month end.
The Beta for Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl
-0.06
1.12
-
As on month end.
The sharpe ratio for Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl
18.52
21.86
-
As on month end.
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
1.64
0.85
Dhruv Bhatia,Aakash Manghani are the fund managers of Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl
The Exit load of Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl is 0%