Bank of India Midcap Tax Fund Series 1 Regular Growth

• Alpha 5.78%
• Beta 0.78
• Sharpe Ratio0.72
• Std Deviation 16.67%
• Tracking Error 11.23%

"The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related securities of midcap companies along with income tax benefit. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns."

The Bank of India Midcap Tax Fund Series 1 Regular Growth has an AUM of 63.64 crores & has delivered CAGR of 21.89% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.00%. The minimum investment in Bank of India Midcap Tax Fund Series 1 Regular Growth is Rs 500 and the minimum SIP is Rs 0.

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

The top holdings of the fund include UNO Minda, Hero Motocorp, Coforge & HDFC Bank.

The major sectors where the fund is invested are Regional Banks, Software & Programming, Electronic Instr. & Controls & Iron & Steel.

Some of the similar funds are SBI Long Term Advantage Fund Series III Regular Plan Growth, Bank of India Midcap Tax Fund Series 1 Regular Growth, Taurus ELSS Tax Saver Fund-Growth Option, Groww ELSS Tax Saver Growth, Navi ELSS Tax Saver Fund Regular Growth. Bank of India Midcap Tax Fund Series 1 Regular Growth has a sharpe ratio of 0.72 & a standard deviation of 16.67%.