Bank of India Multi-cap Fund NFO: Here’s all you need to know

13 Feb 2023 , 10:21 AM

Bank of India Mutual Fund is launching NFO under its “equity category”, named as Bank of India Multi Cap Fund. This open-ended fund will invest in equity and equity related securities across various market capitalisation. However, there can be no assurance that the investment objective of the scheme would be achieved.

Investment strategy: The scheme aims for long-term capital appreciation by investing in equity & equity related instruments across various market capitalization as defined by SEBI. 

Asset allocation: Bank of India Multi Cap Fund seeks to provide diversification across equity and equity related instruments in the large-cap, mid-cap and small-cap companies to generate long-term capital appreciation.

Who should invest?

Investors with high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in Bank of India Multi Cap Fund. Those who want to diversify their investments across companies of different market caps should invest in the fund.

Risk associated: Very high level of risk.

Benchmark: S&P BSE 500 Total Return Index.

Fund Managers: Mr. Nitin Gosar.

The NFO is available for subscription from February 10-24. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Bank of India Multi Cap Fund.