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Bank of India Mutual Fund is launching a new equity fund, Bank of India Multicap Fund, that offers a diversified portfolio by investing across market caps.
The New Fund Offer (NFO) period for the Bank of India Multicap Fund is from 10th February 2023, to 24th February 2023. The scheme re-opens for continuous repurchases and sale on 6th March 2023.
Investment Objective: The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related securities across various market capitalization. However, there can be no assurance that the investment objectives of the Scheme will be realized.
Bank of India Multicap Fund Offer Details
| Fund Name | Bank of India Multicap Fund NFO |
| NFO Opening Date | 10th February 2023 |
| NFO Closing Date | 24th February 2023 |
| Re-open Date | On 6th March 2023 |
| Type of Fund | Multicap Fund |
| Fund Manager | Mr Nitin Gosar |
| Minimum Investment Amount | INR 5,000 |
| Minimum Additional Purchase Amount | INR 1,000 |
| Exit Load | 0-1% |
| Suitability | Very High Risk |
| Benchmark | S&P BSE 500Total Return Index |
| Plans and Options | Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option |
NOTE:
- All additional investment amounts should be multiple of INR 1
- Minimum SIP/SWP for Monthly frequency is INR 1,000.
Who Can Invest in Bank of India Multicap Fund NFO?
Bank of India Multicap Fund is a diversified equity mutual fund and best suits investors looking to invest in the equity sector. The scheme spreads its assets dynamically, providing exposure in all market caps (large, mid and small cap) at all times. Therefore, investors who prefer a disciplined investment approach over timing the market can consider investing in the Bank of India Multicap fund. This multi-cap fund suits investors having an investment horizon of a minimum of 5 years or more, as it helps in long-term wealth creation.
Popular Funds by Bank of India Mutual Funds
Fund Manager
Mr Nitin Gosar: Mr Nitin Gosar joined BOI Investment Managers in September 2022 as a Fund Manager. Prior to this, he was with Invesco Asset Management, IFCI Financial Services ltd (I-Fin), B&K Securities, Maximus Advisory, SKP Securities, and NDA Securities. He holds an Ms Finance degree from ICFAI, and BMS degree from Mumbai University.
Asset Allocation
| Instruments | Minimum Allocation | Maximum Allocation | Risk Profile |
| Equity & Equity related securities | 75% | 100% | Very High |
| Debt and Money Market Instruments | 0% | 25% | Low to Moderate |
| Units issued by REITs and InvITs | 0% | 10% | Very High |
Note: For Equity & Equity related securities, minimum investment in Equity & Equity related instruments of Large Cap companies – 25% of total assets.Minimum investment in Equity & Equity related instruments of Mid Cap companies – 25% of total assets. Minimum investment in Equity & Equity related instruments of Small Cap companies – 25% of total assets
Similar Mutual Funds
- ICICI Prudential Multicap Fund
- HDFC Multi Cap Fund
- Axis Multicap Fund
- Aditya Birla Sun Life Multi Cap Fund
- SBI Multicap Fund
Frequently Asked Questions
You can invest in the Bank of India Multicap Fund through any of the following methods:
Offline: By filling out the Bank of India NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or Bank of India mutual fund office.
Online:
Bank of India Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent
Yes, it is a very high-risk investment based on the riskometer. Bank of India Multicap Fund is a pure equity sector mutual fund that invests across companies with different market caps – large, mid and small-cap companies.
No, the Bank of India Multicap Fund has no lock-in period.
The Bank of India Multicap fund scheme re-opens for ongoing subscriptions, switches and redemptions on 6th March 2023.
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