Mutual Fund News : Bank of India Mutual Fund Introduces Bank of India Multi Cap Fund

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Bank of India Mutual Fund has launched – Bank of India Multi Cap Fund

It is an open-ended equity scheme investing across large cap, mid cap, small cap stocks.

Accordingly, the investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related securities across various market capitalisation. However, there can be no assurance that the investment objectives of the Scheme will be realized.

Under normal circumstances, Bank of India Multi Cap Fund will hold an allocation of 75% to 100% of its assets in Equity & Equity related securities of Large Cap companies – up to 25% of total assets, Mid Cap companies – up to 25% of total assets and Small Cap companies – 25% of total assets. 0% to 25% in Debt and Money Market instruments and 0% to 10% in Units issued by REITs and INVITs.

As per the Scheme Information Document, Bank of India Multi Cap Fund aims to invest in a diversified portfolio constituting equity and equity related instruments across market capitalization that the Fund Manager believes have sustainable business models, and potential for capital appreciation.

The Fund Manager would follow a top down approach to shortlist stocks for portfolio construction. The Scheme would follow an actively managed approach allowing it the flexibility to pursue opportunities without having any bias in favour of sectoral allocations. Under normal market conditions and depending on the Fund Manager’s views, the assets of the Scheme would be invested across stocks that represent a broad range of sectors of the economy, in order to ensure adequate portfolio diversification.

Bank of India Multi Cap Fund’s performance will be benchmarked against S&P BSE 500 Total Return Index

The scheme will be managed by Mr Nitin Gosar.

The NFO opens for subscription on February 10, 2023 and closes on February 24, 2023. The schemes will reopen for continuous sale and repurchase on March 06, 2023.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter. 

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.