Bank of India Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bank of India Mid Cap Fund Direct Growth Plan has a NAV of ₹10.41 as of 16 Sep 2026 and a scheme AUM of ₹766 Cr. Its 1-year, 3-year and 5-year returns are 3.49%, 0%, and 0%, and it carries a High Risk label. Our view is that this is a mid-cap fund with a short performance history, so the present evidence set is limited; the portfolio mix and volatility matter more here than any long-term track record.

The fund has stayed slightly ahead of its benchmark in the latest 1-year window, but the gap is not large. That makes it more relevant for investors who understand the higher-risk profile and can tolerate uneven stretches while watching how the strategy develops over time.

Quick facts

Particular	Details
NAV	₹10.41 as of 16 Sep 2026
AUM	₹766 Cr
Expense Ratio	1.12%
Launch Date	22 Aug 2025
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Exit Load	NIL for 10% of investments and 1% for remaining investments on or before 3M, NIL after 3M
Fund Managers	Alok Singh

The fund is managed by Alok Singh.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.8%	-4.41%
3M	1.36%	-3.6%
1Y	3.49%	-7.76%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent performance has been mixed, but the fund has been better than the benchmark in every available period. The 1-month figure is negative, which shows that the path has not been smooth, yet the fund still fell less than the benchmark over the same stretch. That pattern suggests relative resilience rather than strong absolute momentum.

The 3-month result is more encouraging because the fund turned positive while the benchmark stayed in the red. That is useful for reading how the strategy behaved through a weaker market phase. Even so, the move is modest, so we would treat it as an early sign of stability rather than proof of a durable trend.

The 1-year figure gives the clearest comparison point. The fund is positive over the period, while the benchmark is meaningfully negative, so the fund has held up better on a relative basis. At the same time, the 3-year and 5-year fields are not available as performance history is still short, which means investors should not read this as a mature long-cycle record.

Overall, the pattern is of a newer mid-cap fund that has avoided the benchmark’s deeper drawdowns so far, but without the benefit of a long compounding history. For our view, that makes consistency, portfolio construction and future market-cycle behaviour more important than the small positive return figures alone.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Bank of India Mid Cap?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bank of India Mid Cap Fund Direct Growth Plan	3.49%	Data not available	Data not available
Baroda BNP Paribas Gold ETF FoF Direct Growth Plan	34.39%	Data not available	Data not available
HDFC Innovation Fund Direct Growth Plan	14.3%	Data not available	Data not available
Bajaj Finserv Small Cap Fund Direct Growth Plan	13.33%	Data not available	Data not available
Quant Equity Savings Fund Direct Growth Plan	8.75%	Data not available	Data not available
Kotak Active Momentum Fund Direct Growth Plan	6.31%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On 1-year returns, this fund trails all the peer funds listed here, including the more aggressive return outcomes among the comparison set. The gap is large enough to show that its recent pace has been subdued rather than standout.

For longer horizons, the comparison set does not offer usable 3-year or 5-year figures, so the short-term picture carries most of the weight. That means the current fund cannot yet be judged on a full-cycle basis against these peers, and the evidence tilts more toward early-stage monitoring than firm long-term conclusions.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Aurobindo Pharma Limited	Healthcare	5.6%
Multi Commodity Exchange of India Limited	Finance	4.88%
Abbott India Limited	Healthcare	4.38%
Bharti Hexacom Limited	Telecom	4.05%
One 97 Communications Limited	IT	3.38%
Quality Power Electrical Eqp Ltd	Domestic Equities	3.14%
Uno Minda Limited	Automobile & Ancillaries	2.9%
Nippon Life India Asset Management Limited	Finance	2.87%
Bank of Maharashtra	Bank	2.68%
Mankind Pharma Limited	Healthcare	2.68%

The top holding, Aurobindo Pharma Limited, has a weight of 5.6%, which is meaningful but not overpowering for a mid-cap strategy. That helps the fund avoid dependence on a single position, even though the leading names still matter enough to influence short-term behaviour.

The weights step down fairly gradually from the first holding to the tenth, with the last position in the displayed list still at 2.68%. That pattern suggests the portfolio is not built around one or two very large bets; instead, the visible holdings are spread across multiple sectors, with healthcare appearing more than once and finance also contributing more than one name.

The top 10 holdings account for approximately 36.56% of the portfolio. With 54 disclosed holdings in total, the visible sleeve is only part of a broader book, so the fund may have a reasonably long tail beyond the largest positions. To see all holdings, visit the Bank of India Mid Cap Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk exposure and can tolerate short-term swings in pursuit of mid-cap growth opportunities. The latest performance shows mild positive momentum over 3 months and 1 year, but the 1-month dip also shows that returns can move unevenly.

It fits better as a longer-horizon holding rather than a short-term allocation, because the fund has not yet built a 3-year or 5-year track record. The main trade-off is between accepting that limited history and the possibility of more volatile performance, while still benefiting from a portfolio that is not overly concentrated in a single stock.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: NIL for 10% of investments and 1% for the remaining investments if units are sold within 3 months; no exit load after 3 months.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Bank of India Mid Cap Fund Direct Growth Plan?

The current NAV is ₹10.41 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 3.49%, while the 3-year and 5-year returns are Data not available.

How does the fund compare with its benchmark?

It has done better than the benchmark in every available period. Over 1 year, the fund returned 3.49% against -7.76% for the benchmark, and it also stayed ahead over 1 month and 3 months.

How does it compare with the listed peer funds on 1-year returns?

Its 1-year return of 3.49% is below the listed peer funds shown here, which range from 6.31% to 34.39% on the same horizon.

What is the minimum SIP amount?

The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?

The fund is managed by Alok Singh. The exit load is NIL for 10% of investments and 1% for the remaining investments if units are sold within 3 months; no exit load applies after 3 months.

Bottom line

Bank of India Mid Cap Fund Direct Growth Plan has started with a modest but positive 1-year record and has held up better than its benchmark across the available periods. Its short history means there is no 3-year or 5-year record yet, so the current picture is more about early behaviour than full-cycle proof. Against the listed peers, the 1-year figure is weaker, while the portfolio shows a spread across multiple stocks rather than a single dominant position. That mix points to a fund that may suit patient investors who can live with High Risk volatility.

Published on 17 September 2026 at 10:16 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.