BOI Mutual Fund has launched Bank of India Consumption Fund, Know All Details about this New Fund Offer (NFO)

Bank of India Mutual Fund has introduced the Bank of India Consumption Fund, an open-ended equity scheme focusing on the consumption theme.

New Fund Offer (NFO) Details

• Open for Subscription: November 29 to December 13
• Reopening for Sale/Repurchase: December 23

Investment Objective

The fund aims to provide long-term capital growth through an actively managed portfolio of equity and equity-related securities of companies involved in consumption and related sectors.

Benchmark and Management

• Benchmark: Nifty India Consumption TRI
• Fund Manager: Nitin Gosar

Exit Load

• No exit load for up to 10% of investments if redeemed/switched-out within 12 months of allotment.
• A 1% exit load applies to remaining investments redeemed/switched-out within 12 months.
• No exit load for any redemption after 12 months.

Investment Details

• Minimum Investment: ₹5,000 and multiples of ₹1 thereafter
• Additional Purchase: ₹1,000 and multiples of ₹1 thereafter

Asset Allocation

• 80-100% in equities of consumption and related sectors
• 0-20% in other equities
• 0-20% in debt and money market instruments
• 0-10% in REITs and InvITs

Investment Strategy

The fund will invest across market capitalizations, using a bottom-up approach to identify companies likely to benefit from consumption-driven economic trends.

Suitability

This scheme is ideal for investors seeking long-term capital growth by investing in equities of companies in the consumption and allied sectors.