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    BANK OF INDIA MID CAP TAX FUND Series 2

    ELSSDirect and Regular plans, Growth and IDCW options

    Data as on 30-10-2026

    BANK OF INDIA MID CAP TAX FUND Series 2 is an ELSS fund run by Bank of India Mutual Fund. On 30-09-2026, it managed ₹32 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 13.1% a year and its Regular plan returned 12.9% a year. Its benchmark, BSE 500 TRI, returned 9.9% a year over the same 3 years.

    NAV (Direct plan)
    ₹34.25
    ▼ 0.87%30-10-2026
    NAV (Regular plan)
    ₹32.87
    ▼ 0.84%30-10-2026
    Expense ratio
    1.11%Direct1.41%Regular
    Riskometer
    Very High
    Set by the fund house
    3 year return
    13.1%Direct12.9%Regular

    BANK OF INDIA MID CAP TAX FUND Series 2 NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹34.25 (down 0.87% that day); Regular Plan Growth ₹32.87 (down 0.84% that day).

    BANK OF INDIA MID CAP TAX FUND Series 2 Returns vs BSE 500 TRI

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Trailing returns
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)−3.52%−3.17%+1.27%−1.89%+13.12%+10.08%--
    This fund (Regular)−3.52%−3.21%+1.14%−2.09%+12.87%+9.87%--
    BSE 500 TRI−0.87%−6.09%−2.95%−7.66%+9.89%+8.65%+12.51%
    ELSS average−2.34%−5.61%−1.63%−5.75%+10.92%+10.29%--
    Best in ELSS+1.27%−1.66%+5.11%+2.97%+19.52%+15.67%--
    Worst in ELSS−8.36%−10.02%−7.36%−11.32%+2.93%+5.27%--
    Rank in ELSS38/504/509/505/5012/4925/43--

    Category rows compare the Direct plans of 50 ELSS funds. Rank 1 is the highest return.

    BANK OF INDIA MID CAP TAX FUND Series 2 Year-wise Returns

    Return of each calendar year
    YearDirectRegularBSE 500 TRI
    2026to date+0.85%+0.67%−7.81%
    2025+2.35%+2.10%+7.63%
    2024+18.84%+18.53%+15.81%
    2023+34.10%+35.04%+26.55%
    2022−5.49%−6.24%+4.77%
    2021+46.77%+45.56%+31.63%

    BANK OF INDIA MID CAP TAX FUND Series 2 Rolling Returns

    The return of every holding period in the fund's history, not only the one that ends today

    Rolling returns

    Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,234 periods, one for each trading day from 26-10-2021 to 30-10-2026.

    0%10%20%30%40%
    Mar 2019
    to
    Mar 2022
    Jan 2020
    to
    Jan 2023
    Dec 2020
    to
    Dec 2023
    Oct 2021
    to
    Oct 2024
    Aug 2022
    to
    Aug 2025
    Jun 2023
    to
    Jun 2026
    BANK OF INDIA MID CAP TAX FUND Series 2 (Direct)BSE 500 TRI

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossBenchmark medianBeat benchmark
    1 year1,72914.0%−20.5%93.7%23%10.2%66%
    2 years1,48121.7%−0.7%55.1%0%18.3%70%
    3 years1,23420.6%9.4%31.6%0%17.8%81%
    5 years74122.0%9.0%28.8%0%18.4%91%
    7 years24918.3%15.3%20.2%0%15.2%100%

    Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than BSE 500 TRI over the same days. Past returns do not promise future returns.

    BANK OF INDIA MID CAP TAX FUND Series 2 Risk

    How much it swings, and the falls an investor had to sit through

    Risk and return

    MeasureBANK OF INDIA MID CAP TAX FUND Series 2 (Direct)This fundBSE 500 TRI
    Return (CAGR)+13.12%+9.89%
    Standard deviation17.41%14.19%
    Sharpe ratio0.410.27
    Sortino ratio0.550.37
    Maximum drawdown−23.9% (03-03-2025)−18.7% (28-02-2025)
    Beta1.131.00
    Alpha+2.74%0.00%

    From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

    Drawdowns

    How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

    −40%−30%−20%−10%0%
    20192020202120222023202420252026
    BANK OF INDIA MID CAP TAX FUND Series 2 (Direct)BSE 500 TRI
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    BANK OF INDIA MID CAP TAX FUND Series 2 (Direct)−34.2%20-02-202023-03-202015-09-20206 months−7.4%
    BSE 500 TRI−38.1%17-01-202023-03-202006-11-20207 months−9.4%

    From the Direct plan's daily NAV since 26-10-2018, adjusted for unit splits, and BSE 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

    BANK OF INDIA MID CAP TAX FUND Series 2 vs Other ELSS Funds

    The five ELSS funds with the best three year return, and this fund. Direct plans.

    Fund nameRankAUM (Cr)Exp. ratio1Y return3Y return3Y alpha3Y beta3Y Sharpe3Y Sortino
    Motilal Oswal ELSS Tax Saver Fund1/494,8900.97%+0.93%+19.52%+8.70%1.140.700.95Compare
    SBI Long Term Advantage Fund - Series V2/493661.27%−5.06%+18.92%+9.24%0.940.851.18Compare
    JM ELSS - Tax Saver Fund3/492401.34%−1.27%+15.60%+5.41%1.080.600.80Compare
    WhiteOak Capital ELSS Tax Saver Fund4/494810.86%−2.32%+15.53%+5.78%0.960.670.92Compare
    HSBC ELSS Tax saver Fund5/493,9741.22%−3.32%+15.09%+4.39%1.120.550.74Compare
    BANK OF INDIA MID CAP TAX FUND Series 212/49321.11%−1.89%+13.12%+2.74%1.130.410.55

    AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

    BANK OF INDIA MID CAP TAX FUND Series 2 Expense Ratio and Costs

    What each plan charges a year, in force from 01-10-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratioELSS medianCost rank (1 = cheapest)
    Direct0.75%0.08%0.00%0.28%1.11%1.11%25/49
    Regular1.00%0.08%0.00%0.33%1.41%1.96%10/50

    The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the ELSS funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

    Direct vs Regular: what the gap cost

    Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

    Over the lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year−2.09%−1.89%0.20%₹97,910₹98,110
    3 years12.87%13.12%0.25% a year₹1,43,792₹1,44,750
    5 years9.87%10.08%0.21% a year₹1,60,102₹1,61,637

    Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

    BANK OF INDIA MID CAP TAX FUND Series 2 SIP Calculator

    What a one-time or monthly investment in this fund would be worth today, from its own NAV history

    Growth of an investment

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 26-10-2018 to 30-10-2026: 97 instalments, ₹9,70,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Direct planBANK OF INDIA MID CAP TAX FUND Series 2 (Direct) ₹9,70,000 ₹18,13,131 ₹8,43,131 15.1%
    Regular planBANK OF INDIA MID CAP TAX FUND Series 2 (Regular) ₹9,70,000 ₹17,83,086 ₹8,13,086 14.7%
    BSE 500 TRI ₹9,70,000 ₹15,94,940 ₹6,24,940 12.0%
    Category averageCategory average, 49 ELSS funds ₹9,70,000 ₹17,30,076 ₹7,60,076 14.0%
    ₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L
    20192020202120222023202420252026
    Direct planBANK OF INDIA MID CAP TAX FUND Series 2 (Direct)Regular planBANK OF INDIA MID CAP TAX FUND Series 2 (Regular)BSE 500 TRICategory averageCategory average, 49 ELSS fundsAmount invested

    From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

    BANK OF INDIA MID CAP TAX FUND Series 2 Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    97.4%Equity

    AssetFundCategory
    Equity97.4%96.3%
    Cash and others2.5%3.1%
    Debt0.1%0.6%

    Market cap of stocks

    Market capFundCategory
    Large Cap8.7%47.5%
    Mid Cap67.8%18.4%
    Small Cap20.1%29.4%
    Not on AMFI's list0.8%1.2%

    Share of the whole fund. Category: the average of the ELSS funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

    BANK OF INDIA MID CAP TAX FUND Series 2 Sector Allocation

    Sector allocation of the fund's stocks as on 30-09-2026

    Largest sectors

    1. Pharmaceuticals & Biotechnology13.0%

    2. Banks11.3%

    3. Auto Components9.6%

    4. Electrical Equipment5.1%

    5. Retailing5.1%

    6. Aerospace & Defense4.3%

    7. IT - Software4.1%

    8. Ferrous Metals4.1%

    9. Industrial Products3.9%

    10. Insurance3.8%

    The ten largest of 30 sectors. The other 20 add up to 33.1%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    Pharmaceuticals & Biotechnology11.6%12.4%13.0%+1.4%
    Banks11.6%11.4%11.3%−0.3%
    Auto Components7.6%7.9%9.6%+2.0%
    Electrical Equipment4.6%5.3%5.1%+0.5%
    Retailing4.2%4.6%5.1%+0.9%

    Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

    BANK OF INDIA MID CAP TAX FUND Series 2 Portfolio Holdings

    As on 30-09-2026 · 55 holdings · from the fund house's monthly portfolio

    HoldingsSector / RatingWeight%Holdings trend1M change
    UNO Minda LimitedAuto Components4.59%0.0%
    Bank of MaharashtraBanks4.33%0.0%
    Coforge LimitedIT - Software4.09%−19.3%
    Aurobindo Pharma LimitedPharmaceuticals & Biotechnology3.72%0.0%
    HDFC Bank LimitedBanks3.25%0.0%
    Quality Power Electrical Eqp LtdElectrical Equipment3.20%−16.8%
    The Federal Bank LimitedBanks3.16%0.0%
    Steel Authority of India LimitedFerrous Metals2.99%−25.0%
    Sterlite Technologies LimitedTelecom - Equipment & Accessories2.79%−10.4%
    Sigma Advanced Systems LimitedAerospace & Defense2.76%0.0%

    BANK OF INDIA MID CAP TAX FUND Series 2 Stocks Bought and Sold

    All changes are between August 2026 and September 2026

    More
    Stocks bought and sold in September 2026
    Coforge LimitedReduced−19.3%4.09%
    Steel Authority of India LimitedReduced−25.0%2.99%
    PB Fintech LimitedSold out−100%was 3.62%
    Quality Power Electrical Eqp LtdReduced−16.8%3.20%
    Sterlite Technologies LimitedReduced−10.4%2.79%
    Meesho LtdAdded+11.7%2.71%
    Xpro India LimitedReduced−9.3%2.16%
    Container Corporation of India LimitedNewNew2.09%
    Sona BLW Precision Forgings LimitedNewNew1.86%
    Max Financial Services LimitedReduced−6.5%1.54%

    A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

    What BANK OF INDIA MID CAP TAX FUND Series 2 bought and sold

    BANK OF INDIA MID CAP TAX FUND Series 2 Portfolio Overlap

    Funds with the most similar portfolios, across every fund house and category

    FundOverlapHoldings in common
    Bank Of India Mid Cap Tax Fund Series 1ELSS · Bank of India61.6%33Compare
    Bank of India Mid Cap FundMid Cap · Bank of India43.9%27Compare
    Bank of India Large & Mid Cap FundLarge & Mid Cap · Bank of India34.3%23Compare
    Bank of India Aggressive Hybrid FundAggressive Hybrid · Bank of India34.1%28Compare
    Bank of India Multi Cap FundMulti Cap · Bank of India33.0%25Compare
    Bank of India Manufacturing & Infrastructure FundThematic · Bank of India25.6%19Compare
    Bajaj Finserv Multi Cap FundMulti Cap · Bajaj Finserv23.8%16Compare
    LIC MF Mid Cap FundMid Cap · LIC23.5%11Compare

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

    BANK OF INDIA MID CAP TAX FUND Series 2 Overview

    Fund facts from the scheme summary document, as on 16-10-2026

    Expense ratio (Direct)
    1.11%
    Expense ratio (Regular)
    1.41%
    Category
    ELSS
    Risk
    Very High
    Benchmark
    BSE 500 TRI
    Launch date
    19-10-2018
    Minimum additional investment
    Additional Purchase is not allowed.
    AUM
    ₹32.14 Cr (30-09-2026)
    Lock in
    3 years
    Scheme code (Direct)
    144315
    ISIN (Direct)
    INF761K01EL6
    Scheme code (Regular)
    144314
    ISIN (Regular)
    INF761K01EN2
    NAV history
    From 26-10-2018, 8.0 years
    Minimum investment
    Not applicable because the scheme is closed-ended
    Exit load
    NIL

    Tax on BANK OF INDIA MID CAP TAX FUND Series 2 returns

    • BANK OF INDIA MID CAP TAX FUND Series 2 is taxed as an equity fund: 65% or more of it is in Indian stocks.
    • Units sold within 1 year: the gain is taxed at 20%.
    • Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
    • Investing in it can be deducted from income under Section 80C, up to ₹1.5 lakh a year, in the old tax regime. Each investment is locked in for 3 years.
    • IDCW (dividend) payouts are added to your income and taxed at your slab rate.
    • A stamp duty of 0.005% is deducted when you invest.

    Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

    All plans and options

    PlanOptionNAVAs on
    directGrowth₹34.2530-10-2026
    directIDCW₹34.2530-10-2026
    regularGrowth₹32.8730-10-2026
    regularIDCW₹32.8830-10-2026

    About BANK OF INDIA MID CAP TAX FUND Series 2

    BANK OF INDIA MID CAP TAX FUND Series 2 is a mutual fund from Bank of India Mutual Fund. Its category is ELSS. It was launched on 19-10-2018. Its benchmark is BSE 500 TRI. At the end of September 2026 it held 55 securities.

    Fund Manager

    • Nilesh Jethani

      Fund manager of BANK OF INDIA MID CAP TAX FUND Series 2, since 01-10-2024

    See all funds of Bank of India Mutual Fund

    AUM change

    September 2026
    ₹32.14 Cr
    −4.80% from August 2026
    August 2026
    ₹33.76 Cr
    +1.84% from July 2026
    July 2026
    ₹33.15 Cr
    +2.13% from June 2026

    AUM moves with money invested or taken out, and with the value of what the fund holds.

    Compare BANK OF INDIA MID CAP TAX FUND Series 2 with Other Funds

    Returns, risk, costs and the stocks they share, side by side

    Frequently Asked Questions for BANK OF INDIA MID CAP TAX FUND Series 2

    What is the current NAV of BANK OF INDIA MID CAP TAX FUND Series 2?

    The Direct plan NAV is ₹34.25. The Regular plan NAV is ₹32.87, as on 30-10-2026.

    What are the returns of BANK OF INDIA MID CAP TAX FUND Series 2?

    The Direct plan returned −1.89% in 1 year, +13.12% a year over 3 years, +10.08% a year over 5 years. The Regular plan returned −2.09% in 1 year, +12.87% a year over 3 years, +9.87% a year over 5 years. These figures are as on 30-10-2026.

    What is the expense ratio of BANK OF INDIA MID CAP TAX FUND Series 2?

    The Direct plan charges 1.11% a year. The Regular plan charges 1.41% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

    What is the AUM of BANK OF INDIA MID CAP TAX FUND Series 2?

    BANK OF INDIA MID CAP TAX FUND Series 2 managed ₹32.14 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of BANK OF INDIA MID CAP TAX FUND Series 2?

    At the end of September 2026 the largest holdings were UNOMINDA (4.59%), MAHABANK (4.33%), COFORGE (4.09%), AUROPHARMA (3.72%), HDFCBANK (3.25%). The fund held 55 securities in all.

    What did BANK OF INDIA MID CAP TAX FUND Series 2 buy and sell in September 2026?

    It bought 3 new stocks: Sona BLW Precision Forgings Limited, HEG Graphite Ltd, Container Corporation of India Limited. It sold out of 2: PB Fintech Limited, HEG Limited. It added shares in 2. It reduced 7.

    How do I invest in BANK OF INDIA MID CAP TAX FUND Series 2?

    Through Bank of India Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least Not applicable because the scheme is closed-ended. You can invest once or through a monthly SIP.

    Who is the fund manager of BANK OF INDIA MID CAP TAX FUND Series 2?

    Nilesh Jethani (since 01-10-2024).

    Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

    This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.

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