Bank of India Midcap Tax Fund Series 2 Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 30.05 as on 16-04-2024
Fund Performance
About the Bank of India Midcap Tax Fund Series 2 Direct Growth
Bank of India Midcap Tax Fund Series 2 Direct Growth is an equity fund. This fund was started on 19 October, 2018. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India Midcap Tax Fund Series 2 Direct Growth has ₹33 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.9.
Bank of India Midcap Tax Fund Series 2 Direct Growth Overview
 | 0.89% |
 Benchmark | S&P BSE 500 India TR INR |
 | ₹33 Cr |
 | 19 October, 2018 |
 | --/-- |
 | 0% |
 | No Lock-in |
 TurnOver | 36.68% |
Bank of India Midcap Tax Fund Series 2 Direct Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
70.5%
Large cap
23%
Small cap
4.5%
Sector Allocation
Financial Services
28.4%
Consumer Cyclical
18.6%
Industrial
13.1%
Basic Materials
10.3%
Health
9.6%
Tech
7.1%
Consumer Defensive
4.9%
Communication
4.8%
Energy
2.1%
Real Estate
1.2%
Top Holdings of Bank of India Midcap Tax Fund Series 2 Direct Growth as on (31-Mar-24)
Equity Holdings49
Bank of India Midcap Tax Fund Series 2 Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.92% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.39% in Mar'24
AUM Change
- AUM of the fund stands at 33.5 Cr as of Mar'24
- AUM decreased by 0.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Bank of India Midcap Tax Fund Series 2 Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Indus Towers Ltd | 38.8% |
 J B Chemicals & Pharmaceuticals Ltd | 16% |
 Linde India Ltd | 12.2% |
Top Losers | 1M Return |
|---|---|
 Coforge Ltd | -9% |
 Persistent Systems Ltd | -2.1% |
 Astral Ltd | -1.8% |
Peer Analysis
Bank of India Midcap Tax Fund Series 2 Direct Growth 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 22.18% since inception which is more than its category average return of 22.12%
Fund Allocations
This fund has an allocation of 97.98% in Equity, 0% in Debt and 2.02% in Cash related instruments
AUM size ₹33 Cr
This fund has AUM of ₹33 Cr which is less than its category average of ₹ 1773 Cr
Expense Ratio 0.89%
This fund has an expense ratio of 0.89% which is less than its category average expense ratio of 1.32%
Frequently Asked Questions
The current NAV of Bank of India Midcap Tax Fund Series 2 Direct Growth is ₹30.05 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Bank of India Midcap Tax Fund Series 2 Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.3% | 4.3% |
6 Month Returns | 22.5% | 22.5% |
1 Year Returns | 49.06% | 49.06% |
3 Years Returns | 80.7% | 21.8% |
5 Years Returns | 173.43% | 22.28% |
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0.89% as on March 2024
₹33 Cr as on March 2024
UNO Minda Ltd(4.66%), Astral Ltd(4.28%), Sundaram Finance Ltd(3.28%), Bharat Heavy Electricals Ltd(3.22%), J.B. Chemicals & Pharmaceuticals Ltd(3.21%) as on March 2024
Financial Services(27.81%), Consumer Cyclical(18.24%), Industrial(12.81%) as on March 2024
The alpha ratio for the Bank of India Midcap Tax Fund Series 2 Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India Midcap Tax Fund Series 2 Direct Growth | 8.26 | 2.73 | 5.02 |
As on March 2024
The alpha for Bank of India Midcap Tax Fund Series 2 Direct Growth 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 2 Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India Midcap Tax Fund Series 2 Direct Growth | 0.98 | 0.96 | 0.93 |
As on March 2024
The Beta for Bank of India Midcap Tax Fund Series 2 Direct Growth 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 2 Direct Growth 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 2 Direct Growth | 3.09 | 1.05 | 0.88 |
As on March 2024
The sharpe ratio for Bank of India Midcap Tax Fund Series 2 Direct Growth 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 2 Direct Growth 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 2 Direct Growth | 11.55 | 14.78 | 19.39 |
As on March 2024
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 1.92 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.29 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Bank of India Midcap Tax Fund Series 2 Direct Growth is 0%