| Launch date | 31 Jul 2025 |
| Allotment date | 22 Aug 2025 |
| End date | 14 Aug 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 1.29%
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 60 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Alok SinghJul 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #31 in India |
|---|---|
| Total AUM | ₹13,863.08Cr |
| Date of Incorporation | 31 Mar 2008 |
|---|
Bank of India Mid Cap Fund Direct Growth is a Equity Mutual Fund Scheme launched by Bank of India Mutual Fund. This scheme was made available to investors on 31 Mar 2008. Alok Singh is the Current Fund Manager of Bank of India Mid Cap Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹13,863 Cr and the Latest NAV as of 18 Dec 2025 is ₹9.59. The Bank of India Mid Cap Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. Exit load of 1%, if redeemed within 60 days. ;
Investment Objective
The scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of mid cap companies. However, there is no assurance that the investment objective of the Scheme will be achieved. ;
| Fund benchmark | NIFTY Midcap 150 Total Return Index |
|---|
Fund house contact details
Peer Comparison
| Equity, Mid Cap funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
WhiteOak Capital Mid Cap Fund Direct Growth | 5 | 4.0% | 26.6% | 4,075.13 |
Edelweiss Mid Cap Direct Plan Growth | 5 | 1.2% | 26.2% | 12,646.93 |
HDFC Mid Cap Fund Direct Growth | 5 | 5.3% | 25.5% | 92,168.85 |
Motilal Oswal Midcap Fund Direct Growth | 5 | -12.3% | 25.3% | 38,002.68 |
Nippon India Growth Mid Cap Fund Direct Growth | 4 | 0.7% | 24.5% | 42,041.60 |