Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 22.5 as on 06-12-2023
Fund Performance
About the 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 is an equity fund. This fund was started on 26 February, 2018. The fund is managed by Dhruv Bhatia. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl has ₹54 Cr worth of assets under management (AUM) as on Oct 2023 and is less than category average.
- The fund has an expense ratio 1.1.
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl Overview
 | 1.09% |
 Benchmark | S&P BSE 500 India TR INR |
 | ₹54 Cr |
 | 26 February, 2018 |
 | --/-- |
 | 0% |
 | 3 Years |
 TurnOver | 41.16% |
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl Distribution as on (31-Oct-23)
Size breakup
Mid cap
68.6%
Large cap
24.7%
Small cap
4.9%
Sector Allocation
Financial Services
34.9%
Consumer Cyclical
19.1%
Industrial
16.5%
Basic Materials
7.4%
Health
6.2%
Tech
5.6%
Consumer Defensive
4.9%
Real Estate
2%
Energy
1.7%
Communication
1.5%
Top Holdings of Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl as on (30-Nov-23)
Equity Holdings45
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl: Monthly Changes Updates
All changes are between Aug'23 and Oct'23
Fund Performance
- This fund’s returns stands at -3.64% whereas the fund’s underlying benchmark Nifty 500 returns stands at -2.63% as on Oct'23
- This fund underperformed Nifty 500 by 1.01% in Oct'23
AUM Change
- AUM of the fund stands at 54.1 Cr as of Oct'23
- AUM decreased by 2.4 Cr between Oct'23 and Sep'23
Fund Portfolio Changes
Gainers & Losers in Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl portfolio Returns for the month of Oct
Top Growth Drivers | 1M Return |
|---|---|
 Colgate-Palmolive (India) Ltd | 6.8% |
 Trent Ltd | 4.6% |
 TVS Motor Company Ltd | 4% |
Peer Analysis
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl Fund Manager
Dhruv Bhatia
Fund Manager of Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl, since 15 July 2019
Top funds managed
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.07% since inception which is more than its category average return of 15.03%
Fund Allocations
This fund has an allocation of 98.2% in Equity, 0% in Debt and 1.8% in Cash related instruments
AUM size ₹54 Cr
This fund has AUM of ₹54 Cr which is less than its category average of ₹ 2929 Cr
Expense Ratio 1.09%
This fund has an expense ratio of 1.09% which is less than its category average expense ratio of 1.5%
Frequently Asked Questions
The current NAV of Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl is ₹22.54 as on 06-Dec-2023.
Existing (Absolute + CAGR) as on 06-Dec-2023.
Bank of India Midcap Tax Fund Series 1 Direct Income Dist cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 11.07% | 11.07% |
6 Month Returns | 21.78% | 21.78% |
1 Year Returns | 23.79% | 23.79% |
3 Years Returns | 91.16% | 24.11% |
5 Years Returns | 170.52% | 22.02% |
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1.09% as on November 2023
₹54 Cr as on November 2023
Astral Ltd(4.8%), UNO Minda Ltd(4.66%), Cholamandalam Investment and Finance Co Ltd(4.1%), J.B. Chemicals & Pharmaceuticals Ltd(3.91%), HDFC Bank Ltd(3.82%) as on November 2023
Financial Services(34.26%), Consumer Cyclical(18.8%), Industrial(16.24%) as on November 2023
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 | 7.34 | 3.58 | 5.59 |
As on November 2023
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 | 1.15 | 0.95 | 0.9 |
As on November 2023
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 | 0.99 | 1.14 | 0.84 |
As on November 2023
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 | 15.29 | 15.36 | 19.27 |
As on November 2023
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.
Sortino ratio is 2.12 as on November 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.4 as on November 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Dhruv Bhatia is the fund manager 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%