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Bank of India Midcap Tax Fund Series 1 Direct-Growth
Equity: ELSS - Growth (Close ended) Factsheet
NAV: ₹29.84+0.27%
24 Jul 2026
Similar Funds
Side-by-side comparison of Bank of India Midcap Tax Fund Series 1 Direct-Growth with similar funds — trailing returns, risk metrics, AUM and expense ratio.
| Period | This Fund | Category Avg | Category Rank |
|---|---|---|---|
| 1Y Return | +5.22% | 2.85% | 3 / 12 |
| 3Y Return | +15.16% | 14.44% | 4 / 12 |
| 5Y Return | +12.44% | 15.17% | 10 / 12 |
Trailing annualised returns (%). Category rank: lower is better. Green = top third of category.
Funds in Equity: ELSS
Top funds by AUM in the Equity: ELSS category — see how Bank of India Midcap Tax Fund Series 1 Direct-Growth compares on size and returns.
Funds Tracking BSE 500 Total Return Index
Top funds tracking the BSE 500 Total Return Index — sorted by AUM to show the largest options available.
Frequently Asked Questions
Which funds are similar to Bank of India Midcap Tax Fund Series 1 Direct-Growth?
Funds similar to Bank of India Midcap Tax Fund Series 1 Direct-Growth in the Equity: ELSS category include Axis ELSS Tax Saver Direct Plan-Growth, SBI ELSS Tax Saver Fund Direct-Growth, and Mirae Asset ELSS Tax Saver Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.
What is the rank of Bank of India Midcap Tax Fund Series 1 Direct-Growth in its category?
On a 3-year return basis Bank of India Midcap Tax Fund Series 1 Direct-Growth is ranked 4 out of 12 funds in the Equity: ELSS category as of 23 Jul 2026. On a 5-year return basis it ranks 10 out of 12. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.
How does Bank of India Midcap Tax Fund Series 1 Direct-Growth's expense ratio compare to similar funds?
Bank of India Midcap Tax Fund Series 1 Direct-Growth has an expense ratio of 0.99%. The peers Axis ELSS Tax Saver Direct Plan-Growth has an expense ratio of 1.05% and SBI ELSS Tax Saver Fund Direct-Growth has 1.23%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.
How does Bank of India Midcap Tax Fund Series 1 Direct-Growth's AUM compare to similar funds?
Bank of India Midcap Tax Fund Series 1 Direct-Growth has an AUM of ₹65.11 crore. The peers Axis ELSS Tax Saver Direct Plan-Growth has an AUM of ₹31,869.3 crore and SBI ELSS Tax Saver Fund Direct-Growth has ₹31,839.3 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.
Which fund has the best 3-year returns in the Equity: ELSS?
The top performing fund in the Equity: ELSS category on a 3-year basis is Motilal Oswal ELSS Tax Saver Fund Direct-Growth with a CAGR of 21.90% as of 23 Jul 2026. Bank of India Midcap Tax Fund Series 1 Direct-Growth has delivered 15.16% CAGR over the same period, ranking 4 out of 12 funds. You can view and compare the full category ranking on sharpely.
How does Bank of India Midcap Tax Fund Series 1 Direct-Growth rank in risk-adjusted returns vs peers?
On a risk-adjusted basis, Bank of India Midcap Tax Fund Series 1 Direct-Growth has a Sharpe ratio of 0.58 compared to the Equity: ELSS average of 0.54 as of 23 Jul 2026. It ranks 23 out of 50 funds in its category on Sharpe ratio.