MUTUAL FUNDS
Bank of India Mutual Fund files offer document for Banking & Financial Services Fund
Nov-14-2025
Bank of India Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Bank of India Banking & Financial Services Fund’. The New Fund Offer price for units would be Rs 10 per unit as on the date of allotment. Entry load will be nil and Exit load-For redemption/switch out of units within 60days from the date of allotment will be 1%; Any redemption/switch out after 60 days from the date of allotment of units will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty Financial Services TRI. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of banking and financial services companies.

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