Should I invest in BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan IDCW?

We don't give personal investment advice. BANK OF INDIA Midcap Tax Fund Series 2 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: 24.1%. 5-year CAGR: 12.99%.

Bank of India

BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan IDCW

Latest NAV

₹33.5900

As of

3 Jun 2026

1,870 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.

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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	-0.44%	+0.12%	-0.56	74 / 76	Q4
1W	-2.55%	-1.31%	-1.24	76 / 76	Q4
2W	-0.91%	+0.08%	-0.99	70 / 76	Q4
1M	-1.21%	-0.99%	-0.22	25 / 76	Q2
3M	+7.42%	-0.23%	+7.65	12 / 76	Q1
6M	-1.32%	-4.25%	+2.93	15 / 76	Q1
YTD	-1.61%	-3.63%	+2.02	17 / 76	Q1
1Y	+2.32%	+1.70%	+0.62	19 / 76	Q1
2Y	+1.77%	+3.10%	-1.32	47 / 75	Q3
3Y	+15.20%	+10.95%	+4.25	13 / 75	Q1
4Y	+16.03%	+11.02%	+5.01	15 / 69	Q1
5Y	+12.99%	+10.65%	+2.34	18 / 65	Q2
7Y	+17.29%	+11.69%	+5.60	11 / 63	Q1
10Y	—	—	—	—	—
Inception	+17.36%	+10.74%	+6.62	2 / 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	-1.61%	-5.99%	+4.38	11 / 70
2025	+1.56%	+2.19%	-0.63	46 / 70
2024	+18.80%	+16.51%	+2.29	20 / 70
2023	+33.83%	+24.04%	+9.79	11 / 68
2022	-5.49%	+1.46%	-6.95	60 / 65
2021	+45.60%	+33.28%	+12.33	11 / 68
2020	+28.73%	+13.91%	+14.82	5 / 68
2019	+9.51%	+5.99%	+3.52	32 / 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

+21.05%

81 windows

min -18.0% · max 81.7%

78% positive

3-Year rolling

+20.75%

57 windows

min 9.5% · max 29.6%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+21.67%

32 windows

min 13.0% · max 27.4%

100% positive

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

7-Year rolling

+17.84%

8 windows

min 15.8% · max 19.2%

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

17.38%

3-year · annualised

Sharpe ratio

0.53

vs risk-free 6.5%

Sortino ratio

0.87

Downside-only deviation

Max drawdown

-23.90%

Sep 2024 → Mar 2025

% positive months

66.7%

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	₹33.5900
2 Jun 2026	₹33.7400
1 Jun 2026	₹33.6800
29 May 2026	₹33.9500
27 May 2026	₹34.4700
26 May 2026	₹34.5500
25 May 2026	₹34.4100
22 May 2026	₹34.2100
21 May 2026	₹34.1500
20 May 2026	₹33.9000

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 Midcap Tax Fund Series 2 Direct Plan IDCW is ₹33.5900. 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 Midcap Tax Fund Series 2 Direct Plan IDCW has NAV history starting from 26 Oct 2018, a track record of about 7 years 7 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 Midcap Tax Fund Series 2 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 Midcap Tax Fund Series 2 Direct Plan IDCW has delivered a absolute return of 2.32% — +0.62 pp ahead of the ELSS category average of 1.70%. The fund ranks #19 of 76 in its category — the top (Q1) quartile.

Over the trailing 3-year window, BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan IDCW has delivered a CAGR of 15.20% — +4.25 pp ahead of the ELSS category average of 10.95%. The fund ranks #13 of 75 in its category — the top (Q1) quartile.

Over the trailing 5-year window, BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan IDCW has delivered a CAGR of 12.99% — +2.34 pp ahead of the ELSS category average of 10.65%. The fund ranks #18 of 65 in its category — the second (Q2) quartile.

₹1 lakh invested in BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan IDCW exactly 5 years ago would be worth approximately ₹184,155 today — a multiplier of 1.84×, based on the 5-year CAGR of 12.99%. The category average over the same window would have grown ₹1 lakh to ₹165,837.

A ₹10,000 monthly SIP in BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹795,220 today. That's an XIRR (money-weighted annualised return) of 11.20%.

BANK OF INDIA Midcap Tax Fund Series 2 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 ₹1,466,633 — XIRR 15.63%.

On a 5-year basis, BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan IDCW ranks #18 out of 65 funds in the ELSS category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 10.65%; this fund delivered 12.99%.

The worst peak-to-trough decline BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan IDCW has experienced over the last 5-year window is 24.07% — its NAV fell from a high on 13 Jan 2022 to a low on 20 Jun 2022. 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 Midcap Tax Fund Series 2 Direct Plan IDCW averaged 21.67% (best 27.40%, worst 12.99%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.42 — weak risk-adjusted performance.

In calendar year 2025, BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan IDCW returned 1.55% — lagging the ELSS category average of 2.19% by 0.63 pp. It ranked #46 of 70 in its category that year.

BANK OF INDIA Midcap Tax Fund Series 2 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 Midcap Tax Fund Series 2 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: 24.1%. 5-year CAGR: 12.99%.

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

BANK OF INDIA Midcap Tax Fund Series 2 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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