Bajaj Finserv Multi Cap Fund vs BANK OF INDIA MID CAP TAX FUND Series 2
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Multi Cap Fund is a Multi Cap fund and BANK OF INDIA MID CAP TAX FUND Series 2 is an ELSS fund. In the year to 30-10-2026, Bajaj Finserv Multi Cap Fund (Direct) returned 1.7% and BANK OF INDIA MID CAP TAX FUND Series 2 (Direct) returned −1.9%. Bajaj Finserv Multi Cap Fund charges 1.11% a year and BANK OF INDIA MID CAP TAX FUND Series 2 1.11% (Direct plans). Their portfolios overlap 23.8%: they hold 16 of the same securities.
Bajaj Finserv Multi Cap Fund
Multi Cap
- 1 year return
- 1.7%
- Expense ratio
- 1.11%
- NAV
- ₹11.73
BANK OF INDIA MID CAP TAX FUND Series 2
ELSS
- 1 year return
- −1.9%
- Expense ratio
- 1.11%
- NAV
- ₹34.25
Which is better, Bajaj Finserv Multi Cap or BANK OF INDIA MID CAP TAX FUND Series 2? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv Multi Cap returned more over 1 year: 1.7% against −1.9%.
- Bajaj Finserv Multi Cap fell less in its worst fall since 03-03-2025: −14.2% against −16.1%.
- Bajaj Finserv Multi Cap holds more in large companies: 39.8% of the fund in large caps against 8.7%.
- Bajaj Finserv Multi Cap is the larger fund: ₹1,641 Cr against ₹32 Cr.
- Their portfolios overlap 23.8%: 16 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bajaj Finserv Multi Cap Fund | BANK OF INDIA MID CAP TAX FUND Series 2 |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Bank of India Mutual Fund |
| Category | Multi Cap | ELSS |
| AUM | ₹1,641 Cr (30-09-2026) | ₹32 Cr (30-09-2026) |
| NAV | ₹11.73 (Direct) | ₹34.25 (Direct) |
| Expense ratio (Direct) | 1.11% | 1.11% |
| Expense ratio (Regular) | 2.56% | 1.41% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | BSE 500 TRI |
| Launch date | 27-02-2025 | 19-10-2018 |
| Minimum investment | ₹500 | Not applicable because the scheme is closed-ended |
| Lock in | None | 3 years |
| Fund managers | Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary | Nilesh Jethani |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 6 months. | NIL |
Bajaj Finserv Multi Cap vs BANK OF INDIA MID CAP TAX FUND Series 2: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Multi Cap Fund (Direct) | −3.66% | −4.40% | +2.27% | +1.67% | -- | -- | -- |
| BANK OF INDIA MID CAP TAX FUND Series 2 (Direct) | −3.52% | −3.17% | +1.27% | −1.89% | +13.12% | +10.08% | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 33 Multi Cap funds and the 50 ELSS funds, same plan type.
Bajaj Finserv Multi Cap vs BANK OF INDIA MID CAP TAX FUND Series 2: Year-wise Returns
| Year | Bajaj Finserv Multi CapBajaj Finserv Multi Cap | BANK OF INDIA MID CAP TAX FUND Series 2BANK OF INDIA MID CAP TAX FUND Series 2 |
|---|---|---|
| 2026to date | +0.75% | +0.85% |
| 2025 | -- | +2.35% |
| 2024 | -- | +18.84% |
| 2023 | -- | +34.10% |
| 2022 | -- | −5.49% |
| 2021 | -- | +46.77% |
Bajaj Finserv Multi Cap vs BANK OF INDIA MID CAP TAX FUND Series 2: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Bajaj Finserv Multi Cap Fund
Rolling returns
Every 1-year holding period, 162 of them, one for each trading day from 04-03-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bajaj Finserv Multi Cap Fund (Direct)
BANK OF INDIA MID CAP TAX FUND Series 2 (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Multi Cap | 2.5 | 14.8 | 55.6 | 24.1 | 3.1 | 0.0 | 0.0 | 7.8% | 7.6% | −1.8% | 15.9% | 90% |
| BANK OF INDIA MID CAP TAX FUND Series 2 | 7.4 | 37.7 | 32.7 | 19.1 | 3.1 | 0.0 | 0.0 | 6.1% | 5.9% | −3.8% | 18.1% | 98% |
| Nifty500 Multicap 50:25:25 TRI | 23.5 | 44.4 | 27.8 | 4.3 | 0.0 | 0.0 | 0.0 | 2.9% | 2.5% | −7.6% | 13.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty500 Multicap 50:25:25 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 03-03-2025. Past returns do not promise future returns.
Bajaj Finserv Multi Cap vs BANK OF INDIA MID CAP TAX FUND Series 2: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv Multi CapBajaj Finserv Multi Cap Fund (Direct) | ₹2,00,000 | ₹2,07,013 | ₹7,013 | 4.0% |
| BANK OF INDIA MID CAP TAX FUND Series 2BANK OF INDIA MID CAP TAX FUND Series 2 (Direct) | ₹2,00,000 | ₹2,07,991 | ₹7,991 | 4.6% |
Bajaj Finserv Multi CapBajaj Finserv Multi Cap Fund (Direct)
BANK OF INDIA MID CAP TAX FUND Series 2BANK OF INDIA MID CAP TAX FUND Series 2 (Direct)
Amount invested
From each plan's published NAV (Growth option), 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.
Bajaj Finserv Multi Cap vs BANK OF INDIA MID CAP TAX FUND Series 2: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Multi Cap Fund (Direct) | BANK OF INDIA MID CAP TAX FUND Series 2 (Direct) |
|---|---|---|
| Return (CAGR) | +1.67% | −1.89% |
| Standard deviation | 15.23% | 16.60% |
| Sharpe ratio | -0.23 | -0.43 |
| Sortino ratio | -0.32 | -0.57 |
| Maximum drawdown | −14.2% (23-03-2026) | −16.1% (23-03-2026) |
| Beta | 0.98 | 1.08 |
| Alpha | +7.50% | +6.75% |
From daily NAVs, 30-10-2025 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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Bajaj Finserv Multi Cap Fund (Direct) | BANK OF INDIA MID CAP TAX FUND Series 2 (Direct) |
|---|---|---|
| Return (CAGR) | +9.99% | +16.70% |
| Standard deviation | 13.82% | 17.13% |
| Sharpe ratio | 0.33 | 0.67 |
| Sortino ratio | 0.46 | 0.89 |
| Maximum drawdown | −14.2% (23-03-2026) | −34.2% (23-03-2020) |
| Beta | 0.90 | 0.91 |
| Alpha | +1.52% | +3.64% |
From daily NAVs, 03-03-2025 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 and alpha compare each fund with its own benchmark's TRI.
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.
Bajaj Finserv Multi Cap Fund (Direct)
BANK OF INDIA MID CAP TAX FUND Series 2 (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Multi Cap Fund (Direct) | −14.2% | 05-01-2026 | 23-03-2026 | 07-05-2026 | 45 days | −7.6% |
| BANK OF INDIA MID CAP TAX FUND Series 2 (Direct) | −16.1% | 03-11-2025 | 23-03-2026 | 22-06-2026 | 3 months | −7.4% |
| Nifty500 Multicap 50:25:25 TRI | −14.6% | 02-01-2026 | 30-03-2026 | 06-07-2026 | 3 months | −8.0% |
From daily values since 03-03-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bajaj Finserv Multi Cap Fund (Direct)
BANK OF INDIA MID CAP TAX FUND Series 2 (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bajaj Finserv Multi Cap Fund (Direct) | 112% | 95% | 3.69% |
| BANK OF INDIA MID CAP TAX FUND Series 2 (Direct) | 129% | 105% | 5.26% |
From month-end values since 03-03-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Bajaj Finserv Multi Cap vs BANK OF INDIA MID CAP TAX FUND Series 2: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Multi Cap Fund, September 2026; BANK OF INDIA MID CAP TAX FUND Series 2, September 2026
Holdings in common
- Overlap
- 23.8%
- Held by both
- 16
- Only in Bajaj Finserv Multi Cap
- 54
- Only in BANK OF INDIA MID CAP TAX FUND Series 2
- 39
| Security | % of Bajaj Finserv Multi Cap | % of BANK OF INDIA MID CAP TAX FUND Series 2 |
|---|---|---|
| HDFC Bank Limited | 9.73% | 3.25% |
| The Federal Bank Limited | 2.53% | 3.16% |
| Aurobindo Pharma Limited | 2.40% | 3.72% |
| Sterlite Technologies Limited | 2.32% | 2.79% |
| Steel Authority of India Limited | 1.98% | 2.99% |
| Schaeffler India Limited | 3.09% | 1.96% |
| Sona BLW Precision Forgings Limited | 1.79% | 1.86% |
| Max Financial Services Limited | 2.03% | 1.54% |
| Reliance Industries Limited | 4.15% | 1.51% |
| Dixon Technologies (India) Limited | 1.06% | 2.14% |
| Bharat Dynamics Limited | 0.78% | 1.49% |
| HEG Graphite Ltd | 1.16% | 0.77% |
| ICICI Bank Limited | 1.99% | 0.60% |
| Angel One Limited | 0.55% | 1.97% |
| Meesho Ltd | 0.46% | 2.71% |
| Housing & Urban Development Corporation Limited | 0.30% | 1.66% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.8% means 23.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bajaj Finserv Multi Cap Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 4.54% |
| GlaxoSmithKline Pharmaceuticals Limited | 2.65% |
| DLF Limited | 2.46% |
| Zydus Wellness Limited | 2.42% |
| Axis Bank Limited | 2.28% |
Largest holdings only in BANK OF INDIA MID CAP TAX FUND Series 2
| Security | % of fund |
|---|---|
| UNO Minda Limited | 4.59% |
| Bank of Maharashtra | 4.33% |
| Coforge Limited | 4.09% |
| Quality Power Electrical Eqp Ltd | 3.20% |
| Sigma Advanced Systems Limited | 2.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Multi Cap | BANK OF INDIA MID CAP TAX FUND Series 2 |
|---|---|---|
| Equity | 97.6% | 97.4% |
| Debt | 0.0% | 0.1% |
| Cash and others | 2.4% | 2.5% |
Market cap of stocks
| Market cap | Bajaj Finserv Multi Cap | BANK OF INDIA MID CAP TAX FUND Series 2 |
|---|---|---|
| Large Cap | 39.8% | 8.7% |
| Mid Cap | 25.3% | 67.8% |
| Small Cap | 28.0% | 20.1% |
| Not on AMFI's list | 4.5% | 0.8% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bajaj Finserv Multi Cap | BANK OF INDIA MID CAP TAX FUND Series 2 |
|---|---|---|
| Banks | 19.4% | 11.3% |
| Pharmaceuticals & Biotechnology | 6.4% | 13.0% |
| Auto Components | 7.4% | 9.6% |
| Telecom - Services | 5.2% | 1.7% |
| Electrical Equipment | 0.5% | 5.1% |
| Retailing | 2.6% | 5.1% |
| Construction | 4.6% | 0.0% |
| Textiles & Apparels | 4.4% | 0.7% |
| Aerospace & Defense | 0.8% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Multi Cap vs BANK OF INDIA MID CAP TAX FUND Series 2: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Multi Cap Fund | BANK OF INDIA MID CAP TAX FUND Series 2 |
|---|---|---|
| Total expense ratio (Direct) | 1.11% | 1.11% |
| Base expense ratio (Direct) | 0.57% | 0.75% |
| Total expense ratio (Regular) | 2.56% | 1.41% |
| Base expense ratio (Regular) | 1.80% | 1.00% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Bajaj Finserv Multi Cap with
Compare BANK OF INDIA MID CAP TAX FUND Series 2 with
- BANK OF INDIA MID CAP TAX FUND Series 2 vs Motilal Oswal ELSS Tax Saver
- BANK OF INDIA MID CAP TAX FUND Series 2 vs SBI Long Term Advantage Fund - Series V
- BANK OF INDIA MID CAP TAX FUND Series 2 vs JM ELSS - Tax Saver
- BANK OF INDIA MID CAP TAX FUND Series 2 vs WhiteOak Capital ELSS Tax Saver
- BANK OF INDIA MID CAP TAX FUND Series 2 vs HSBC ELSS Tax saver
Bajaj Finserv Multi Cap Fund vs BANK OF INDIA MID CAP TAX FUND Series 2: Frequently Asked Questions
What is the difference between Bajaj Finserv Multi Cap Fund and BANK OF INDIA MID CAP TAX FUND Series 2?
Bajaj Finserv Multi Cap Fund is a Multi Cap fund, BANK OF INDIA MID CAP TAX FUND Series 2 is an ELSS fund, run by Bajaj Finserv Mutual Fund and Bank of India Mutual Fund. Their portfolios overlap 23.8%. Bajaj Finserv Multi Cap Fund charges 1.11% a year and BANK OF INDIA MID CAP TAX FUND Series 2 1.11%.
Which has given higher returns, Bajaj Finserv Multi Cap Fund or BANK OF INDIA MID CAP TAX FUND Series 2?
Over 1 year: Bajaj Finserv Multi Cap Fund +1.67%, BANK OF INDIA MID CAP TAX FUND Series 2 −1.89%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Multi Cap Fund or BANK OF INDIA MID CAP TAX FUND Series 2?
Both charge 1.11% a year.
How much do Bajaj Finserv Multi Cap Fund and BANK OF INDIA MID CAP TAX FUND Series 2 overlap?
23.8%. They hold 16 of the same securities, the largest shared ones being HDFCBANK, FEDERALBNK, AUROPHARMA. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Multi Cap Fund or BANK OF INDIA MID CAP TAX FUND Series 2?
On SEBI's riskometer, Bajaj Finserv Multi Cap Fund is rated Very High and BANK OF INDIA MID CAP TAX FUND Series 2 Very High. Over 1 years, the standard deviation of daily returns was 15.23% and 16.60% a year.
Can I invest in both Bajaj Finserv Multi Cap Fund and BANK OF INDIA MID CAP TAX FUND Series 2?
Yes. 23.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bajaj Finserv Multi Cap Fund and BANK OF INDIA MID CAP TAX FUND Series 2?
Bajaj Finserv Multi Cap Fund: Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary. BANK OF INDIA MID CAP TAX FUND Series 2: Nilesh Jethani.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.