mutual funds bank of india midcap tax fund series 2 directgrowth

holdings

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Bank of India Midcap Tax Fund Series 2 Direct-Growth

Equity: ELSS - Tax Saver - Growth (Close ended)

SEBI Riskometer: Very HighCategory: Equity: ELSS - Tax SaverBenchmark: BSE 500 Total Return IndexCheck Portfolio Overlap →

NAV: ₹36.66+1.89%

18 Sept 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for Bank of India Midcap Tax Fund Series 2 Direct-Growth.

Asset Allocation

As on 31 Aug 2026

Equity

98.62%

Others

1.23%

Debt

0.15%

Market Cap Distribution

Large Cap (9.0%)

Mid Cap (69.8%)

Small Cap (21.2%)

Historical Asset Allocation

Asset	31 Aug 2026	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026	31 Mar 2026
Equity	98.62%	97.60%	94.22%	91.83%	96.00%	97.44%
Debt	0.15%	0.15%	0.15%	0.15%	0.15%	0.17%
Others (incl. cash)	1.23%	2.25%	5.63%	8.02%	3.85%	2.39%
Commodities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Real Estate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Portfolio Snapshot

No. of Securities

P/E Ratio

31.59

P/B Ratio

3.91

Top Holding %

5.48%

Top 5 Holdings %

22.22%

Top 10 Holdings %

38.28%

AUM

₹34 Cr

Expense Ratio

1.10%

Since Inception

17.82%

Max Drawdown

-0.34%

Alpha

2.77%

Sharpe Ratio

0.57

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
Coforge Ltd.	Technology	9,315	1.85	5.48%	0.64%↑
UNO Minda Ltd.	Automobile	12,600	1.61	4.76%	0.27%↑
Bank of Maharashtra	Financial	1,75,200	1.44	4.26%	0.07%↑
Steel Authority Of India Ltd.	Metals & Mining	70,700	1.38	4.08%	0.47%↑
Aurobindo Pharma Ltd.	Healthcare	7,150	1.23	3.64%	0.23%↑
PB Fintech Ltd.	Services	6,526	1.22	3.62%	0.47%↑
The Federal Bank Ltd.	Financial	32,000	1.14	3.38%	-0.08%↓
Quality Power Electrical Equipments Ltd.	Capital Goods	7,803	1.12	3.32%	0.65%↑
HDFC Bank Ltd.	Financial	14,760	1.05	3.10%	-0.23%↓
One97 Communications Ltd.	Services	5,200	0.89	2.64%	0.53%↑
Oberoi Realty Ltd.	Construction	4,589	0.86	2.54%	0.01%↑
FSN E-Commerce Ventures Ltd.	Services	24,000	0.84	2.48%	0.07%↑
Sterlite Technologies Ltd.	Communication	11,000	0.8	2.37%	0.52%↑
Dixon Technologies (India) Ltd.	Capital Goods	526	0.78	2.31%	0.08%↑
Xpro India Ltd.	Materials	6,600	0.76	2.24%	-0.75%↓
Abbott India Ltd.	Healthcare	280	0.72	2.14%	-0.21%↓
ICICI Lombard General Insurance Company Ltd.	Insurance	4,600	0.72	2.13%	-0.12%↓
Meesho Ltd.	Services	34,209	0.7	2.08%	1.12%↑
Hitachi Energy India Ltd.	Capital Goods	200	0.68	2.00%	0.06%↑
Sigma Advanced Systems Ltd.	Technology	8,645	0.68	2.00%	0.37%↑

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Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	31 Aug 2026	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026	31 Mar 2026
Financial	19.86%	18.86%	22.40%	19.25%	20.23%	22.54%
Healthcare	13.29%	12.54%	9.92%	9.73%	9.58%	10.57%
Services	13.10%	11.54%	9.43%	8.37%	8.24%	8.16%
Capital Goods	13.09%	12.37%	13.00%	11.90%	12.96%	11.18%
Metals & Mining	8.05%	11.89%	13.07%	15.83%	16.11%	13.73%
Technology	7.48%	6.47%	4.13%	4.15%	4.54%	4.56%
Automobile	5.94%	5.64%	5.36%	5.57%	6.67%	8.36%
Communication	4.12%	3.71%	1.75%	1.81%	1.83%	2.07%
Energy	2.57%	2.59%	2.62%	2.91%	2.85%	3.08%
Construction	2.54%	2.53%	3.48%	3.44%	3.36%	3.25%
Consumer Staples	2.34%	-	-	-	-	-
Materials	2.24%	4.30%	4.07%	3.81%	3.55%	4.11%
Insurance	2.13%	2.25%	2.47%	2.60%	2.55%	2.82%
Chemicals	1.17%	2.09%	1.88%	1.79%	2.77%	2.31%
Textiles	0.70%	0.82%	0.64%	0.67%	0.76%	0.70%

Equity Insights

A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.

Style Analysis

Value score

44.8 / 100

Weighted average Value score is 44.8. This indicates that portfolio is relatively reasonably valued using composite of value measures.

Price Momentum score

61.8 / 100

Weighted average Price Momentum score is 61.8. This indicates that portfolio has average momentum using composite of momentum measures.

Quality score

73.9 / 100

Weighted average Quality score is 73.9. This indicates that portfolio has average quality using composite of quality measures.

QVM score

68.1 / 100

Weighted average QVM score is 68.1. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.

Red Flags

Earnings manipulation risk (Beneish M-score)

Following stocks have high risk of potential earnings manipulation (Beneish M-score > -1.78):

Name	Value
HEG Advanced Materials Ltd.	-1.76
Abbott India Ltd.	-1.38
Lloyds Metals & Energy Ltd.	0.8
Xpro India Ltd.	-1.65
Tata Technologies Ltd.	-1.6
Endurance Technologies Ltd.	-1.75
Max Healthcare Institute Ltd.	-1.68

Declining revenues

Following companies have seen their sales decline for 2 consecutive quarters (measured on yoy basis): Dr. Reddys Laboratories Ltd., Petronet LNG Ltd., Triveni Engineering & Industries Ltd., United Spirits Ltd.

Frequently Asked Questions

What are the top holdings of Bank of India Midcap Tax Fund Series 2 Direct-Growth?

The top holdings of Bank of India Midcap Tax Fund Series 2 Direct-Growth as of 31 Aug 2026 are Coforge Ltd. (5.48%), UNO Minda Ltd. (4.76%), Bank of Maharashtra (4.26%), Steel Authority Of India Ltd. (4.08%), Aurobindo Pharma Ltd. (3.64%). These top 5 stocks together account for 22.22% of the total portfolio. You can view the complete holdings breakdown above.

How many stocks does Bank of India Midcap Tax Fund Series 2 Direct-Growth hold in its portfolio?

Bank of India Midcap Tax Fund Series 2 Direct-Growth holds 55 stocks in its portfolio as of 31 Aug 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.

What is the sector allocation of Bank of India Midcap Tax Fund Series 2 Direct-Growth?

As of 31 Aug 2026, Bank of India Midcap Tax Fund Series 2 Direct-Growth's top sector allocations are Financial (19.86%), Healthcare (13.29%), Services (13.10%). You can find detailed sector allocation above.

What is the equity and debt allocation of Bank of India Midcap Tax Fund Series 2 Direct-Growth?

As of 31 Aug 2026, Bank of India Midcap Tax Fund Series 2 Direct-Growth has 98.62% allocated to equity, and 0.15% to debt. You can also check the historical trends above.

What is the market cap allocation of Bank of India Midcap Tax Fund Series 2 Direct-Growth?

As of 31 Aug 2026, Bank of India Midcap Tax Fund Series 2 Direct-Growth's market cap allocation is 8.98% in large caps, 69.84% in mid caps, and 21.17% in small caps.

What is the PE ratio of Bank of India Midcap Tax Fund Series 2 Direct-Growth's portfolio?

The portfolio PE ratio of Bank of India Midcap Tax Fund Series 2 Direct-Growth is 31.59 as of 31 Aug 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.

What is the credit quality of Bank of India Midcap Tax Fund Series 2 Direct-Growth?

A credit rating breakdown is not available for Bank of India Midcap Tax Fund Series 2 Direct-Growth — its non-equity allocation was 0.15% as of the latest disclosure. This is common when a fund's non-equity holdings are mostly cash or short-term money market instruments, which aren't assigned a credit rating the way bonds are.

When is the latest portfolio disclosure for Bank of India Midcap Tax Fund Series 2 Direct-Growth?

The latest portfolio disclosure for Bank of India Midcap Tax Fund Series 2 Direct-Growth is as of 31 Aug 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.

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Asset

31 Aug 2026

31 Jul 2026

30 Jun 2026

31 May 2026

30 Apr 2026

31 Mar 2026

Equity

98.62%

97.60%

94.22%

91.83%

96.00%

97.44%

Debt

0.15%

0.17%

Others (incl. cash)

1.23%

2.25%

5.63%

8.02%

3.85%

2.39%

Commodities

0.00%

Real Estate

0.00%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

Coforge Ltd.

Technology

9,315

1.85

5.48%

0.64%↑

UNO Minda Ltd.

Automobile

12,600

1.61

4.76%

0.27%↑

Bank of Maharashtra

Financial

1,75,200

1.44

4.26%

0.07%↑

Steel Authority Of India Ltd.

Metals & Mining

70,700

1.38

4.08%

0.47%↑

Aurobindo Pharma Ltd.

Healthcare

7,150

1.23

3.64%

0.23%↑

PB Fintech Ltd.

Services

6,526

1.22

3.62%

0.47%↑

The Federal Bank Ltd.

Financial

32,000

1.14

3.38%

-0.08%↓

Quality Power Electrical Equipments Ltd.

Capital Goods

7,803

1.12

3.32%

0.65%↑

HDFC Bank Ltd.

Financial

14,760

1.05

3.10%

-0.23%↓

One97 Communications Ltd.

Services

5,200

0.89

2.64%

0.53%↑

Oberoi Realty Ltd.

Construction

4,589

0.86

2.54%

0.01%↑

FSN E-Commerce Ventures Ltd.

Services

24,000

0.84

2.48%

0.07%↑

Sterlite Technologies Ltd.

Communication

11,000

0.8

2.37%

0.52%↑

Dixon Technologies (India) Ltd.

Capital Goods

526

0.78

2.31%

0.08%↑

Xpro India Ltd.

Materials

6,600

0.76

2.24%

-0.75%↓

Abbott India Ltd.

Healthcare

280

0.72

2.14%

-0.21%↓

ICICI Lombard General Insurance Company Ltd.

Insurance

4,600

0.72

2.13%

-0.12%↓

Meesho Ltd.

Services

34,209

0.7

2.08%

1.12%↑

Hitachi Energy India Ltd.

Capital Goods

200

0.68

2.00%

0.06%↑

Sigma Advanced Systems Ltd.

Technology

8,645

0.68

2.00%

0.37%↑

Sector

31 Aug 2026

31 Jul 2026

30 Jun 2026

31 May 2026

30 Apr 2026

31 Mar 2026

Financial

19.86%

18.86%

22.40%

19.25%

20.23%

22.54%

Healthcare

13.29%

12.54%

9.92%

9.73%

9.58%

10.57%

Services

13.10%

11.54%

9.43%

8.37%

8.24%

8.16%

Capital Goods

13.09%

12.37%

13.00%

11.90%

12.96%

11.18%

Metals & Mining

8.05%

11.89%

13.07%

15.83%

16.11%

13.73%

Technology

7.48%

6.47%

4.13%

4.15%

4.54%

4.56%

Automobile

5.94%

5.64%

5.36%

5.57%

6.67%

8.36%

Communication

4.12%

3.71%

1.75%

1.81%

1.83%

2.07%

Energy

2.57%

2.59%

2.62%

2.91%

2.85%

3.08%

Construction

2.54%

2.53%

3.48%

3.44%

3.36%

3.25%

Consumer Staples

2.34%

Materials

2.24%

4.30%

4.07%

3.81%

3.55%

4.11%

Insurance

2.13%

2.25%

2.47%

2.60%

2.55%

2.82%

Chemicals

1.17%

2.09%

1.88%

1.79%

2.77%

2.31%

Textiles

0.70%

0.82%

0.64%

0.67%

0.76%

0.70%

Name

Value

HEG Advanced Materials Ltd.

-1.76

Abbott India Ltd.

-1.38

Lloyds Metals & Energy Ltd.

0.8

Xpro India Ltd.

-1.65

Tata Technologies Ltd.

-1.6

Endurance Technologies Ltd.

-1.75

Max Healthcare Institute Ltd.

-1.68