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Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :
| 1 Year | 3 Year | 5 Year | 9 Year | |
| CAGR(%) | 39.41 | 16.01 | 23.1 | N/A |
| Average Rolling Returns(%) | 27.90 | 23.16 | 23.67 | N/A |
The Current NAV of Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan is ₹31.98.
It is better to invest in a fund with a longer track record as Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark NIFTY 500 returns, as Funds portfolio is significantly different.
Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan fund’s expense ratio is N/A
The process for redemption is
The AUM of Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan is currently ₹36 Crores.
The Top three stocks are UNO Minda, Lupin and Dixon Technologies and account for 13% of its portfolio. Top 5 and 10 stocks of fund account for 19% and 34% of fund’s portfolio respectively.
Top three sectors of Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan fund are BFSI, Auto and Healthcare accounting for 46% of the total portfolio.
Since this is a Equity - ELSS it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.
The category of Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan Fund is Equity - ELSS.
Nilesh Jethani manages the Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan Fund.
Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan current PE ratio is 59.93 and PB ratio is 12.29
The asset allocation of Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan is Stocks : 97.27%, Debt : 2.70% and Gold : 0%
The minimum SIP amount for Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan is N/A and minimum lumpsum is ₹500.00
The exit load for Bank of India Midcap Tax Fund - Series 2 - Growth - Direct Plan is N/A
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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