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Business News/Market/Market Stats/    Bank of India Midcap Tax Fund Series 1 Regular Growth

Bank of India Midcap Tax Fund Series 1 Regular Growth

+
  • Equity
  • ELSS (Tax Savings)
  • Rating N.A.
  • Plan
24.44 +0.11 (0.45%) NAV as on 23 Apr, 2024
  • 5D
  • 1M
  • 6M
  • 1Y
  • 5Y
  • MAX

Key Metrics

  • AUM (in Cr)63.64
  • CAGR 49.63%
  • Exit Load0.00%
  • Expense ratio0.00%
  • CategoryEquity
  • Min Investment500
  • Min SIP0
  • Launch Date2018-02-26

Morning Star Rating N.A.

Moderate
Risk
Exceptional
Return

Asset Allocation

Holdings As On - 24 April 2024

  • Name
  • Value (Cr)
  • Holding %
View More

Risk & Volitility

  • Alpha 5.78%
  • Beta 0.78
  • Sharpe Ratio1.05
  • Std Deviation 14.95%
  • Tracking Error 11.23%

About Fund

"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 23.21% 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 Moderate & Exceptional respectively.

 

The top holdings of the fund include Uno Minda, Astral, JB Chemicals & Pharmaceuticals & HDFC Bank.

 

The major sectors where the fund is invested are Regional Banks, Biotechnology & Drugs, Chemical Manufacturing & Auto & Truck Parts.

 

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, Navi ELSS Tax Saver Fund Regular Growth, 360 ONE ELSS Tax Saver Nifty 50 Index Fund Regular Growth. Bank of India Midcap Tax Fund Series 1 Regular Growth has a sharpe ratio of 1.05 & a standard deviation of 14.95%.

FAQs about Bank of India Midcap Tax Fund Series 1 Regular Growth

According to the morning star rating Bank of India Midcap Tax Fund Series 1 Regular Growth has a Moderate risk & Exceptional return.
Bank of India Midcap Tax Fund Series 1 Regular Growth is managed by Aakash Manghani,Dhruv Bhatia.
The expense ratio of Bank of India Midcap Tax Fund Series 1 Regular Growth is 0.00%.
The 5 year annualized return on Bank of India Midcap Tax Fund Series 1 Regular Growth is 23.21% & it has generated 49.63% in the last 1 year.
The minimum investment in Bank of India Midcap Tax Fund Series 1 Regular Growth is 500 Rs.
Bank of India Midcap Tax Fund Series 1 Regular Growth has an AUM of 63.64 crores.
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