Bank Of India Midcap Tax Fund - Series 1 Regular Plan - Growth

Bank Of India Midcap Tax Fund - Series 1 Regular Plan - Growth is a scheme launched by Bank of India Mutual Fund on February 19, 2018, and falls under the ELSS fund category. It currently manages an AUM of Rs 63.64 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 500. It charges an expense ratio of 0% for managing the portfolio.

• Investing Strategy:

  to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related securities of midcap companies along with income tax benefit.

• Performance:

  Bank Of India Midcap Tax Fund - Series 1 Regular Plan - Growth trailing returns over different times are -3.8% (1 year), 15.67% (3 year) and 22.31% (5 year). The average annual return of this fund stands at 0.44%.