Bank of India Midcap Tax Fund - Series 2 - IDCW - Direct Plan

Equity Linked Savings Scheme

Very High

34.79

₹ 34.79

Investment Returns (CAGR)

1 yr.
15.10%

3 yr.
18.86%

5 yr.
15.07%

Since Inception.
17.97%

How To Invest In Bank of India Midcap Tax Fund - Series 2 - IDCW - Direct Plan

Investing directly in a Bank of India Midcap Tax Fund - Series 2 - IDCW - Direct Plan, either through offline or online channels, is an option once your KYC formalities are in order. For those who prefer traditional methods, visiting the nearest fund branch is an alternative.
Online investment is the most user-friendly way to directly invest in Bank of India Midcap Tax Fund - Series 2 - IDCW - Direct Plan schemes, providing the added benefit of saving on commissions. You have the flexibility to invest through the fund's website, its RTA's platform, or a fintech service. However, online investing might require managing multiple logins.
Opting for a Direct Plan entails taking on the responsibility of crafting a financial plan, selecting funds aligned with your goals, and regularly monitoring and rebalancing the portfolio. This approach suits investors who possess a solid understanding of Bank of India Midcap Tax Fund - Series 2 - IDCW - Direct Plan. On the other hand, individuals with limited knowledge about Mutual Funds may find it more practical to invest through a distributor.

Investing in Bank of India Midcap Tax Fund - Series 2 - IDCW - Direct Plan can be simplified into five straightforward steps for individuals looking to start

Step 1

Begin by assessing your risk profile, understanding your capacity for risk. This step is crucial to determine the level of risk you can take on when investing in Mutual Funds.

Step 2

Once you've completed your risk assessment, the next step is asset allocation. This involves dividing your investment between different asset classes, such as stocks and bonds, to achieve a balanced risk profile.

Step 3

The third step is to identify Mutual Funds that correspond to each asset class. You can evaluate these funds based on their past performance and investment objectives to make informed comparisons.

Step 4

Choose the specific Mutual Funds scheme in which you want to invest. You can initiate the application process either online or through offline channels.

Step 5

Diversify your investments and regularly monitor your portfolio to enhance your chances of achieving better results and higher profits.

Investing in Bank of India Midcap Tax Fund - Series 2 - IDCW - Direct Plan online can be done in two primary ways

Creating an account on the official website of an Asset Management Company (AMC): Bank of India Investment Managers Private Limited has its official website where you can explore a variety of mutual funds in different categories. To invest, follow the instructions on the AMC's website, complete the required information, and submit your application. The KYC process can also be completed online, making use of your Aadhar Number and PAN. Your provided information is verified in the background, and you can start investing once successfully verified.

Using a mobile app: Bank of India Investment Managers Private Limited provide mobile applications for investing in mutual funds, making the process quick and hassle-free. These apps allow investors to invest in various mutual fund schemes, check account statements, buy or sell units, and access important portfolio details. Additionally, investors can explore and invest in funds from different fund houses through these apps.

Fund Overview

Fund Size (Rs.)
NA

Exit Load

Scheme Type
5

ISIN
INF761K01EK8

Expense Ratio
NA

Minimum SIP (Rs.)
-

Launch Date
19 Oct 2018

Fund House
Bank of India Investment Managers Private Limited

Investment Returns Calculator

Monthly SIP

Lump Sum

Monthly investment

₹10000

Time period

3yr

Expected Annual Return

10%

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Invested Amount

Est. Returns

Result will be displayed here

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Total Value of your mutual fund

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You are eligible for

₹

50,000

Minimum portfolio value: ₹50,000

Interest Rate: 10% *

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24 mon

installment options

Balloon

₹

416

per month

EMI

₹

4395

per month

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About Bank of India Midcap Tax Fund - Series 2 - IDCW - Direct Plan

The investment objective of the scheme is 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. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.