Bank of India Midcap Tax Fund Series 2 Direct Growth

Bank of India Midcap Tax Fund Series 2 Direct Growth

Bank of India Midcap Tax Fund Series 2 Direct Growth
Bank of India Midcap Tax Fund Series 2 Direct Growth

Bank of India Midcap Tax Fund Series 2 Direct Growth

Equity
Direct
Equity - Other

NAV: ₹ 21.2 as on 23-09-2022

Fund Performance
About the Fund

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 Aakash Manghani. The fund could potentially beat inflation in the long-run.

Key parameters

1) Bank of India Midcap Tax Fund Series 2 Direct Growth has a NAV of 21.21 as on 23-09-2022.

2) Bank of India Midcap Tax Fund Series 2 Direct Growth has 40 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 0.56 %.

Fund Overview

Expense ratio
Expense ratio
0.56%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹40 Cr
Inception Date
Inception Date
19 October, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹0
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
72.89%

Fund Distribution

  • Equity 98.2%
  • Debt & Cash 1.8%
Size breakup
Mid cap
67.4%
Large cap
18.3%
Small cap
12.5%

Sector Allocation

Aug'22

Jul'22

Jun'22

Consumer Cyclical

33.4%

Financial Services

19.2%

Basic Materials

14.4%

Health

10.1%

Tech

7.9%

Industrial

7.2%

Real Estate

3.7%

Energy

2.9%

Consumer Defensive

1.2%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings46
Equity Holdings44
Debt Holdings2

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 1.3 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 40.3 Cr
Jul'22
₹ 39 Cr
Jun'22
₹ 35.9 Cr

Fund Returns vs Benchmark

Aug'22
10.24%
9.49%
Jul'22
10.24%
9.49%
Jun'22
-3.78%
-4.94%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Aug'22
Jul'22
Jun'22
No of Holdings
46
48
48
Top 5 Company Concentration
21.8%
20.5%
24.6%
Company having highest exposure
Tube Investments of India Ltd Ordinary Shares (4.9%)
Tube Investments of India Ltd Ordinary Shares (4.6%)
Tube Investments of India Ltd Ordinary Shares (4.6%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
83.5%
84.9%
86%
Sector having highest exposure
Consumer Cyclical (32.8%)
Consumer Cyclical (31.7%)
Consumer Cyclical (30.8%)

Fund Manager

Aakash Manghani

Aakash Manghani

Managing this fund since 1 December 2021

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

About the fund

About the fund

This fund has delivered an average annual returns of 21.09% since inception which is more than its category average return of 12.72%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.2% in Equity, 0% in Debt and 1.8% in Cash related instruments
AUM size ₹40 Cr

AUM size ₹40 Cr

This fund has AUM of ₹40 Cr which is less than its category average of ₹ 1157 Cr
Expense Ratio 0.56%

Expense Ratio 0.56%

This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.45%
meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk

Frequently Asked Questions

The current NAV of Bank of India Midcap Tax Fund Series 2 Direct Growth is 21.21.
Existing (Absolute + CAGR)
Bank of India Midcap Tax Fund Series 2 Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.46%
3.46%
6 Month Returns
4.38%
4.38%
1 Year Returns
-2.75%
-2.75%
3 Years Returns
90.74%
24.02%
5 Years Returns
0%
0%
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0.56 as on August 2022
40 Cr as on August 2022
Tube Investments of India Ltd Ordinary Shares(4.88%),Cholamandalam Investment and Finance Co Ltd(4.66%),UNO Minda Ltd(4.57%),Page Industries Ltd(3.94%),Astral Ltd(3.8%) as on August 2022
Consumer Cyclical(32.76%),Financial Services(18.86%),Basic Materials(14.17%) as on August 2022
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
-7.36
5.99
-
As on month end.
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
1.09
0.93
-
As on month end.
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
-0.18
0.99
-
As on month end.
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
18.17
22.78
-
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.
1.4
0.59
Aakash Manghani is the fund manager of Bank of India Midcap Tax Fund Series 2 Direct Growth
The Exit load of Bank of India Midcap Tax Fund Series 2 Direct Growth is 0%