Bank Of India Midcap Tax Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026

Bank Of India Midcap Tax Fund is a elss offered by Bank of India Mutual Fund, available in Direct and Regular Plans across IDCW, Growth. The scheme aims to achieve the stated investment objective in line with the scheme's SEBI category mandate. With multiple variants, Bank Of India Midcap Tax Fund lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews Bank Of India Midcap Tax Fund across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

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Bank Of India Midcap Tax Fund Plans and Options Available

Bank Of India Midcap Tax Fund is offered across 4 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Scheme Code	Plan	Option	ISIN (Growth / Payout)	ISIN (Reinvestment)	NAV (Rs)	NAV Date
144315	Direct Plan	Growth	INF761K01EL6	-	35.25	20-Jul-2026
144309	Direct Plan	IDCW	INF761K01EK8	-	35.25	20-Jul-2026
144314	Regular Plan	Growth	INF761K01EN2	-	33.85	20-Jul-2026
144316	Regular Plan	IDCW	INF761K01EM4	-	33.86	20-Jul-2026

Investment Objective and Portfolio Approach

Bank Of India Midcap Tax Fund seeks to achieve the stated investment objective in line with the scheme's SEBI category mandate.

In terms of portfolio construction, the scheme holds a portfolio structured in line with the scheme's SEBI category mandate.

Bank Of India Midcap Tax Fund Performance and Returns

Bank Of India Midcap Tax Fund has delivered returns that are not independently verified; investors should check the latest factsheet. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in Bank Of India Midcap Tax Fund

The Direct Plan of Bank Of India Midcap Tax Fund is available for investors transacting directly with the AMC or through a registered investment advisor, and carries lower than the Regular Plan. The Regular Plan carries not independently verified; check on AMC website.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in the scheme

The Growth option of the scheme reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of the scheme distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of the scheme is not independently verified; check on AMC website, while the Direct Plan carries lower than the Regular Plan. This is the annual fee deducted from the scheme's assets.

The exit load on the scheme is as specified in the scheme information document.

Who Should Consider the scheme

Investors researching the category. The scheme suits investors whose goals align with the elss category's risk and return profile.

Long term investors. The elss category is generally suited to investors whose time horizon and risk appetite align with a as specified in the riskometer risk profile.

Diversified portfolio builders. The scheme can complement other asset class holdings in a balanced portfolio.

Key Risks in the scheme

Market risk. The scheme is subject to market risk like any mutual fund investment, and returns are not guaranteed.

Category concentration risk. Investing heavily in a single category like elss can add concentration to a portfolio.

How to Invest in Bank Of India Midcap Tax Fund

Investors evaluating Bank Of India Midcap Tax Fund should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in Bank Of India Midcap Tax Fund can be made as a lump sum or through a Systematic Investment Plan of at least as specified in the scheme information document, followed by regular monitoring of NAV and portfolio composition at least quarterly.

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Conclusion

Bank Of India Midcap Tax Fund is a elss scheme from Bank of India Mutual Fund available across 4 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 35.25 for the Direct Plan Growth option as on 20-Jul-2026 reflects the scheme's performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Frequently Asked Questions on Bank Of India Midcap Tax Fund

What plans and options are available in Bank Of India Midcap Tax Fund?

Ans. Bank Of India Midcap Tax Fund is available in Direct and Regular Plans and IDCW, Growth, giving investors 4 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of Bank Of India Midcap Tax Fund?

Ans. The latest NAV of the Direct Plan Growth option of Bank Of India Midcap Tax Fund is Rs 35.25 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of Bank Of India Midcap Tax Fund?

Ans. The primary objective of Bank Of India Midcap Tax Fund is to achieve the stated investment objective in line with the scheme's SEBI category mandate.

What is the difference between the Direct and Regular Plan in Bank Of India Midcap Tax Fund?

Ans. The Direct Plan of Bank Of India Midcap Tax Fund carries lower than the Regular Plan, excluding distributor commission. The Regular Plan carries not independently verified; check on AMC website. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of Bank Of India Midcap Tax Fund?

Ans. The Regular Plan of Bank Of India Midcap Tax Fund carries an expense ratio of not independently verified; check on AMC website, and the Direct Plan carries lower than the Regular Plan. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on Bank Of India Midcap Tax Fund?

Ans. The exit load on Bank Of India Midcap Tax Fund is as specified in the scheme information document. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in Bank Of India Midcap Tax Fund?

Ans. Bank Of India Midcap Tax Fund can suit investors whose financial goals, risk appetite and investment horizon align with the elss category. Consult a SEBI registered advisor to assess personal suitability.

Is Bank Of India Midcap Tax Fund a good investment?

Ans. Bank Of India Midcap Tax Fund can be appropriate for investors who understand the elss category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.