BANK OF INDIA MID CAP TAX FUND SERIES 1
Bank of India Mutual Fund · Closed-ended ELSS · Direct plan, growth option
NAV (₹), 1 Oct 2026
30.4500
1-day change
-0.81%
1Y return
8.7%
3Y CAGR
13.8%
5Y CAGR
11.3%
Max drawdown, 5Y
−25.0%
NAV history month-end NAV, ₹ · 26 Feb 2018 to 1 Oct 2026
Returns vs Closed-ended ELSS median (5 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -3.6% | -4.5% |
| 3 months | 0.9% | -1.1% |
| 6 months | 18.2% | 13.3% |
| Year to date | 8.2% | -0.4% |
| 1 year | 8.7% | -0.6% |
| 3 years (CAGR) | 13.8% | 12.8% |
| 5 years (CAGR) | 11.3% | 11.3% |
| 7 years (CAGR) | 19.8% | 18.3% |
| 10 years (CAGR) | n/a | n/a |
| Since first NAV (CAGR) | 13.8% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 13.3% | 14.2% |
| 3Y rolling median | 20.9% | 20.9% |
| 3Y rolling worst | 8.8% | 8.8% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 21.4% | 21.5% |
| 5Y rolling worst | 9.5% | 10.1% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 19.3% | 17.4% |
| Sharpe ratio | 0.45 | 0.41 |
| Sortino ratio | 0.73 | 0.64 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −35.9% | −35.8% |
| Maximum drawdown, last 10Y | n/a | n/a |
| Maximum drawdown, last 5Y | −25.0% | −22.2% |
| Current drawdown | −4.5% | −6.0% |
| Recovery time of worst fall | 227 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.38% a year and the Direct plan's 1.06%, a gap of 0.32%; over the last 3 years the Direct plan returned 0.32 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹7,59,468.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 1.02% to 1.06% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Nilesh Jethani | 1 Oct 2024 |
Objective: The investment objective of the scheme is 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.
Stated asset allocation: Mid Cap Equity & Equity Related Securities such as cumulative convertible preference shares and fully convertible debentures and bonds of companies, etc. - 65% to 100% Residual Portion: Other Equity & Equity Related Securities such as cumulative convertible preference shares and fully convertible debentures and bonds of companies, etc - 00% to 35% Money Market Instruments, Other Liquid Instruments, Gold and Silver Instruments (ETFs only) and units of Domestic Mutual Fund Schemes - 00% to 35% Units issued by InvITS - 00% to 10%
Benchmark (tier 1): BSE 500 TRI
Minimum application: Not applicable because the scheme is closed-ended
Allotment date: 19 Feb 2018
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 1.06% | 1.24% |
| AUM, whole scheme (₹ crore) | 65 | 181 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 10.2% | -2.3% TRI |
| Return, 3 years (AMFI) | 14.1% | 9.2% TRI |
| Return, 5 years (AMFI) | 11.5% | 8.9% TRI |
| Month-ends above category median (3Y CAGR) | 43% | 43% median |
| Month-ends in category top quartile (3Y) | 43% | 43% median |
| 7Y rolling CAGR, median (monthly windows) | 18.8% | 18.8% median |
Official benchmark: BSE 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Closed-ended ELSS Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 8.2% | n/a | – |
| 2025 | 0.8% | n/a | – |
| 2024 | 19.9% | n/a | – |
| 2023 | 33.4% | n/a | – |
| 2022 | -6.0% | n/a | – |
| 2021 | 51.6% | n/a | – |
| 2020 | 33.3% | n/a | – |
| 2019 | 8.8% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,27,907 | 12.4% |
| 3 years | ₹3,60,000 | ₹4,13,338 | 9.2% |
| 5 years | ₹6,00,000 | ₹8,31,795 | 13.0% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Closed-ended ELSS
Plan / option: Direct · Growth
AMFI scheme code: 141950
ISIN: INF761K01DS3
First NAV in MFIC data: 26 Feb 2018
History: 8.6 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| BANK OF INDIA MID CAP TAX FUND Series 2 | Closed-ended ELSS | 0.99 | 12.8% |
| SBI Long Term Advantage Fund - Series VI | Closed-ended ELSS | 0.89 | 8.5% |
| SBI Long Term Advantage Fund - Series V | Closed-ended ELSS | 0.86 | 19.3% |
| SBI Long Term Advantage Fund - Series IV | Closed-ended ELSS | 0.82 | 6.4% |
| HDFC FMP 2638D February 2023 | Fixed Maturity Plan | 0.48 | 7.6% |
| Kotak FMP Series 304 | Fixed Maturity Plan | 0.44 | 7.5% |
Questions about BANK OF INDIA MID CAP TAX FUND SERIES 1
- What is the latest NAV of BANK OF INDIA MID CAP TAX FUND SERIES 1?
- The NAV of the Direct plan (growth option) was ₹30.4500 on 1 Oct 2026, as published by AMFI.
- Which category is BANK OF INDIA MID CAP TAX FUND SERIES 1 in?
- It is classified as Closed-ended ELSS in AMFI's daily NAV file. MFIC compares it with 5 Closed-ended ELSS schemes (Direct plans).
- What returns has BANK OF INDIA MID CAP TAX FUND SERIES 1 delivered?
- Over one year the NAV changed by 8.7%. The 3-year CAGR is 13.8% (category median 12.8%) and the 5-year CAGR is 11.3% (category median 11.3%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 20.9%, the lowest was 8.8%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in BANK OF INDIA MID CAP TAX FUND SERIES 1's NAV?
- The largest peak-to-trough fall in its available history was 35.9%; within the last five years it was 25.0% (category median 22.2%).
- How volatile is BANK OF INDIA MID CAP TAX FUND SERIES 1?
- Its annualised standard deviation of monthly returns over the last 36 months is 19.3%, which is above the Closed-ended ELSS category median of 17.4%.
- What would a monthly SIP in BANK OF INDIA MID CAP TAX FUND SERIES 1 have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,31,795 on 1 Oct 2026, an annualised return (XIRR) of 13.0%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of BANK OF INDIA MID CAP TAX FUND SERIES 1?
- The total expense ratio of the Direct plan is 1.06% a year, as disclosed to AMFI (median of Closed-ended ELSS Direct plans: 1.24%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is BANK OF INDIA MID CAP TAX FUND SERIES 1?
- Assets under management of the whole scheme were ₹65 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of BANK OF INDIA MID CAP TAX FUND SERIES 1?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of BANK OF INDIA MID CAP TAX FUND SERIES 1 and how has it compared?
- Its official benchmark is the BSE 500 TRI. Over 3 years AMFI reports a return of 14.1% for this plan against 9.2% for the benchmark total return index; over 5 years 11.5% against 8.9%. Past performance does not indicate future results.
- How often has BANK OF INDIA MID CAP TAX FUND SERIES 1 beaten its category?
- At 43% of the 60 month-ends compared over the last 10 years, its 3-year return was above the median of Closed-ended ELSS schemes (Direct plans); it was in the top quarter at 43% of them. A typical scheme would show about 50%.
- Who manages BANK OF INDIA MID CAP TAX FUND SERIES 1?
- According to its Scheme Summary Document, BANK OF INDIA MID CAP TAX FUND SERIES 1 is managed by Nilesh Jethani (since 1 Oct 2024).
- What is the minimum investment in BANK OF INDIA MID CAP TAX FUND SERIES 1?
- The minimum application amount is Not applicable because the scheme is closed-ended. SIP details: Not applicable because the scheme is closed-ended.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 8.7% and the Regular plan's by 8.4%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.