Bank Of India Mid Cap Tax Fund Series 1 vs Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank Of India Mid Cap Tax Fund Series 1 is an ELSS fund and Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund is a mutual fund. Bank Of India Mid Cap Tax Fund Series 1 charges 1.06% a year and Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund 1.98% (Direct plans). Their portfolios overlap 29.4%: they hold 13 of the same securities.
Bank Of India Mid Cap Tax Fund Series 1
ELSS
- Expense ratio
- 1.06%
- NAV
- ₹29.53
Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund
- Expense ratio
- 1.98%
- NAV
- ₹9.72
Which is better, Bank Of India Mid Cap Tax Fund Series 1 or Motilal Oswal BSE Midcap 150 Momentum 30 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank Of India Mid Cap Tax Fund Series 1 costs less: 1.06% a year against 1.98% (Direct plans).
- Bank Of India Mid Cap Tax Fund Series 1 fell less in its worst fall since 30-07-2026: −10.4% against −12.9%.
- Motilal Oswal BSE Midcap 150 Momentum 30 Index is the larger fund: ₹156 Cr against ₹65 Cr.
- Their portfolios overlap 29.4%: 13 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 | Bank Of India Mid Cap Tax Fund Series 1 | Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ELSS | Not available |
| AUM | ₹65 Cr (30-09-2026) | ₹156 Cr (30-09-2026) |
| NAV | ₹29.53 (Direct) | ₹9.72 (Direct) |
| Expense ratio (Direct) | 1.06% | 1.98% |
| Expense ratio (Regular) | 1.38% | 2.59% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 19-02-2018 | Not available |
| Minimum investment | Not applicable because the scheme is closed-ended | Not available |
| Lock in | 3 years | Not available |
| Fund managers | Nilesh Jethani | Not available |
| Exit load | NIL | Not available |
Bank Of India Mid Cap Tax Fund Series 1 vs Motilal Oswal BSE Midcap 150 Momentum 30 Index: 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 |
|---|---|---|---|---|---|---|---|
| Bank Of India Mid Cap Tax Fund Series 1 (Direct) | −3.81% | −1.83% | +1.37% | +2.68% | +14.29% | +10.85% | -- |
| Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund (Direct) | −2.80% | −3.47% | -- | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 50 ELSS funds, same plan type.
Bank Of India Mid Cap Tax Fund Series 1 vs Motilal Oswal BSE Midcap 150 Momentum 30 Index: Year-wise Returns
| Year | Bank Of India Mid Cap Tax Fund Series 1Bank Of India Mid Cap Tax Fund Series 1 | Motilal Oswal BSE Midcap 150 Momentum 30 IndexMotilal Oswal BSE Midcap 150 Momentum 30 Index |
|---|---|---|
| 2026to date | +4.98% | -- |
| 2025 | +0.79% | -- |
| 2024 | +19.94% | -- |
| 2023 | +33.35% | -- |
| 2022 | −6.03% | -- |
| 2021 | +51.59% | -- |
Bank Of India Mid Cap Tax Fund Series 1 vs Motilal Oswal BSE Midcap 150 Momentum 30 Index: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Bank Of India Mid Cap Tax Fund Series 1
Bank Of India Mid Cap Tax Fund Series 1 vs Motilal Oswal BSE Midcap 150 Momentum 30 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank Of India Mid Cap Tax Fund Series 1 (Direct) | Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.30% | −13.08% |
| Standard deviation | 17.09% | 16.80% |
| Sharpe ratio | 0.47 | -1.09 |
| Sortino ratio | 0.62 | -1.35 |
| Maximum drawdown | −35.9% (23-03-2020) | −12.9% (23-10-2026) |
| Beta | 0.90 | 1.00 |
| Alpha | +2.37% | −0.67% |
From daily NAVs, 26-02-2018 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.
Bank Of India Mid Cap Tax Fund Series 1 (Direct)
Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank Of India Mid Cap Tax Fund Series 1 (Direct) | −10.4% | 31-08-2026 | 23-10-2026 | Not yet | -- | −7.4% |
| Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund (Direct) | −12.9% | 26-08-2026 | 23-10-2026 | Not yet | -- | −9.1% |
| BSE 500 TRI | −9.7% | 06-08-2026 | 23-10-2026 | Not yet | -- | −7.8% |
From daily values since 30-07-2026, the first day every fund has.
Bank Of India Mid Cap Tax Fund Series 1 vs Motilal Oswal BSE Midcap 150 Momentum 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bank Of India Mid Cap Tax Fund Series 1, September 2026; Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund, September 2026
Holdings in common
- Overlap
- 29.4%
- Held by both
- 13
- Only in Bank Of India Mid Cap Tax Fund Series 1
- 41
- Only in Motilal Oswal BSE Midcap 150 Momentum 30 Index
- 17
| Security | % of Bank Of India Mid Cap Tax Fund Series 1 | % of Motilal Oswal BSE Midcap 150 Momentum 30 Index |
|---|---|---|
| Aurobindo Pharma Limited | 3.47% | 5.23% |
| FSN E-Commerce Ventures Limited | 2.96% | 4.03% |
| Radico Khaitan Limited | 2.93% | 3.09% |
| Steel Authority of India Limited | 2.56% | 2.49% |
| Sona BLW Precision Forgings Limited | 2.44% | 4.64% |
| Bharat Forge Limited | 2.39% | 5.16% |
| Hitachi Energy India Limited | 2.39% | 3.33% |
| The Federal Bank Limited | 2.10% | 4.89% |
| Multi Commodity Exchange of India Limited | 1.92% | 5.24% |
| CG Power and Industrial Solutions Limited | 1.77% | 3.49% |
| GE Vernova T&D India Limited | 1.61% | 3.81% |
| Nippon Life India Asset Management Limited | 2.35% | 1.49% |
| Bank of Maharashtra | 4.22% | 1.40% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.4% means 29.4% 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 Bank Of India Mid Cap Tax Fund Series 1
| Security | % of fund |
|---|---|
| UNO Minda Limited | 4.42% |
| Sterlite Technologies Limited | 3.25% |
| Quality Power Electrical Eqp Ltd | 3.14% |
| Lloyds Metals And Energy Limited | 2.94% |
| HDFC Bank Limited | 2.80% |
Largest holdings only in Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 5.43% |
| Bharat Heavy Electricals Limited | 5.08% |
| AU Small Finance Bank Limited | 5.07% |
| One 97 Communications Limited | 4.69% |
| Vodafone Idea Limited | 4.33% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank Of India Mid Cap Tax Fund Series 1 | Motilal Oswal BSE Midcap 150 Momentum 30 Index |
|---|---|---|
| Equity | 98.2% | 100.9% |
| Debt | 0.1% | 0.0% |
| Cash and others | 1.7% | -0.9% |
Market cap of stocks
| Market cap | Bank Of India Mid Cap Tax Fund Series 1 | Motilal Oswal BSE Midcap 150 Momentum 30 Index |
|---|---|---|
| Large Cap | 11.8% | 18.2% |
| Mid Cap | 65.2% | 82.7% |
| Small Cap | 20.2% | 0.0% |
| Not on AMFI's list | 1.0% | 0.0% |
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 | Bank Of India Mid Cap Tax Fund Series 1 | Motilal Oswal BSE Midcap 150 Momentum 30 Index |
|---|---|---|
| Auto Components | 16.6% | 9.8% |
| Pharmaceuticals & Biotechnology | 5.7% | 16.6% |
| Electrical Equipment | 10.2% | 15.7% |
| Banks | 11.1% | 13.3% |
| Capital Markets | 5.6% | 6.7% |
| Retailing | 5.7% | 4.0% |
| Industrial Products | 0.0% | 5.7% |
The six largest sectors of each fund's stocks, % of the fund.
Bank Of India Mid Cap Tax Fund Series 1 vs Motilal Oswal BSE Midcap 150 Momentum 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank Of India Mid Cap Tax Fund Series 1 | Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.06% | 1.98% |
| Base expense ratio (Direct) | 0.73% | 0.38% |
| Total expense ratio (Regular) | 1.38% | 2.59% |
| Base expense ratio (Regular) | 1.00% | 0.90% |
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.
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Each fund against the others of its category
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Bank Of India Mid Cap Tax Fund Series 1 vs Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund: Frequently Asked Questions
What is the difference between Bank Of India Mid Cap Tax Fund Series 1 and Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund?
Bank Of India Mid Cap Tax Fund Series 1 is an ELSS fund, Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund is a mutual fund, run by Bank of India Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 29.4%. Bank Of India Mid Cap Tax Fund Series 1 charges 1.06% a year and Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund 1.98%.
Which has the lower expense ratio, Bank Of India Mid Cap Tax Fund Series 1 or Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund?
Bank Of India Mid Cap Tax Fund Series 1 charges less: 1.06% a year against 1.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank Of India Mid Cap Tax Fund Series 1 and Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund overlap?
29.4%. They hold 13 of the same securities, the largest shared ones being AUROPHARMA, NYKAA, RADICO. From each fund's latest monthly portfolio.
Can I invest in both Bank Of India Mid Cap Tax Fund Series 1 and Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund?
Yes. 29.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.