Should I invest in BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW?

We don't give personal investment advice. BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 25.0%. 5-year CAGR: 14.33%.

Bank of India

BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW

Latest NAV

₹29.2000

As of

3 Jun 2026

2,034 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.17%	+0.12%	+0.06	34 / 76	Q2
1W	-2.18%	-1.31%	-0.86	65 / 76	Q4
2W	-0.17%	+0.08%	-0.25	35 / 76	Q2
1M	+0.10%	-0.99%	+1.09	11 / 76	Q1
3M	+10.23%	-0.23%	+10.46	5 / 76	Q1
6M	+2.67%	-4.25%	+6.93	8 / 76	Q1
YTD	+3.77%	-3.63%	+7.40	6 / 76	Q1
1Y	+7.04%	+1.70%	+5.34	12 / 76	Q1
2Y	+3.74%	+3.10%	+0.65	18 / 75	Q1
3Y	+16.52%	+10.95%	+5.56	10 / 75	Q1
4Y	+17.19%	+11.02%	+6.17	7 / 69	Q1
5Y	+14.33%	+10.65%	+3.68	14 / 65	Q1
7Y	+18.63%	+11.69%	+6.94	3 / 63	Q1
10Y	—	—	—	—	—
Inception	+13.83%	+10.74%	+3.09	14 / 76	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+3.77%	-5.99%	+9.76	1 / 70
2025	-0.04%	+2.19%	-2.22	54 / 70
2024	+19.94%	+16.51%	+3.43	18 / 70
2023	+33.05%	+24.04%	+9.01	12 / 68
2022	-6.03%	+1.46%	-7.49	61 / 65
2021	+50.00%	+33.28%	+16.72	9 / 68
2020	+33.15%	+13.91%	+19.25	2 / 68
2019	+8.50%	+5.99%	+2.51	35 / 66
2018	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+18.73%

89 windows

min -21.1% · max 79.3%

71% positive

3-Year rolling

+20.90%

65 windows

min 8.8% · max 30.8%

100% positive

5-Year rolling

+20.84%

40 windows

min 10.0% · max 29.0%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+16.97%

16 windows

min 11.6% · max 20.3%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

17.72%

3-year · annualised

Sharpe ratio

0.59

vs risk-free 6.5%

Sortino ratio

0.98

Downside-only deviation

Max drawdown

-24.98%

Sep 2024 → Apr 2025

% positive months

69.4%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in ELSS

Scheme	Fund house	NAV	As of
HDFC ELSS Tax saver - IDCW Option - Direct Plan	HDFC	₹88.8430	3 Jun 2026
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - ANNUAL IDCW Option	Nippon India	₹21.9652	3 Jun 2026
SBI ELSS Tax Saver Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹113.4965	3 Jun 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - IDCW	ICICI Prudential	₹43.2500	3 Jun 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - IDCW Payout	Invesco	₹30.0200	3 Jun 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - IDCW	Bandhan	₹40.0710	3 Jun 2026
quant ELSS Tax Saver Fund - IDCW Option - Direct Plan	Quant	₹59.0826	3 Jun 2026
Aditya Birla Sun Life ELSS Tax Saver Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹417.8400	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund Direct - IDCW Payout	Motilal Oswal	₹38.4424	3 Jun 2026
Franklin India ELSS Tax Saver Fund - Direct - IDCW	Franklin India	₹67.3238	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹29.2000
2 Jun 2026	₹29.1500
1 Jun 2026	₹29.0900
29 May 2026	₹29.4800
27 May 2026	₹29.8500
26 May 2026	₹29.8300
25 May 2026	₹29.7100
22 May 2026	₹29.5100
21 May 2026	₹29.4600
20 May 2026	₹29.2500

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW is ₹29.2000. It's a ELSS from Bank of India, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW has NAV history starting from 26 Feb 2018, a track record of about 8 years 3 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW is managed by Bank of India. It's classified by AMFI under the 'ELSS' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW has delivered a absolute return of 7.04% — +5.34 pp ahead of the ELSS category average of 1.70%. The fund ranks #12 of 76 in its category — the top (Q1) quartile.

Over the trailing 3-year window, BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW has delivered a CAGR of 16.52% — +5.56 pp ahead of the ELSS category average of 10.95%. The fund ranks #10 of 75 in its category — the top (Q1) quartile.

Over the trailing 5-year window, BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW has delivered a CAGR of 14.33% — +3.68 pp ahead of the ELSS category average of 10.65%. The fund ranks #14 of 65 in its category — the top (Q1) quartile.

₹1 lakh invested in BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW exactly 5 years ago would be worth approximately ₹195,318 today — a multiplier of 1.95×, based on the 5-year CAGR of 14.33%. The category average over the same window would have grown ₹1 lakh to ₹165,837.

A ₹10,000 monthly SIP in BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹828,597 today. That's an XIRR (money-weighted annualised return) of 12.86%.

BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,549,550 — XIRR 17.17%.

On a 5-year basis, BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW ranks #14 out of 65 funds in the ELSS category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 10.65%; this fund delivered 14.33%.

The worst peak-to-trough decline BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW has experienced over the last 5-year window is 24.98% — its NAV fell from a high on 23 Sep 2024 to a low on 07 Apr 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW averaged 20.84% (best 28.96%, worst 9.98%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.49 — weak risk-adjusted performance.

In calendar year 2025, BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW returned -0.04% — lagging the ELSS category average of 2.19% by 2.22 pp. It ranked #54 of 70 in its category that year.

BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 25.0%. 5-year CAGR: 14.33%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan IDCW

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in ELSS

Recent NAVs

Frequently asked questions

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