NFO Update: Bank of India Mutual Fund launches BOI Mid Cap Fund

Time of India

a day ago

Bank of India Mutual Fund
has announced the launch of the
Bank of India Mid Cap Fund
, an open-ended equity scheme aiming to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of mid-cap companies. The
New Fund Offer
(
NFO
) will open for subscription on July 31 and close on August 14.
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"The launch of the Bank of India Mid Cap Fund reflects our commitment to offering investors access to high-growth opportunities in India's vibrant equity markets. As the Indian economy continues to expand and diversify, we believe mid-cap companies are well-positioned to be key beneficiaries of the next phase of value creation across sunrise sectors and business models, as well as existing companies benefiting from India's increasing integration into global supply chains,' said Mohit Bhatia, CEO – Bank of India Investment Managers Private Limited (BOIIM).
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'This fund is designed to help investors participate in that journey with discipline and confidence,' he added.
The performance of the fund will be benchmarked against the Nifty Midcap 150 Total Return Index and will be managed by Alok Singh.
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The minimum application amount is Rs 5,000, and in multiples of Re 1 thereafter. The exit load is 1% for redemptions/switch-outs of units within 60 days from the date of allotment. It will be nil for any redemption/switch-out after 60 days.
With India's economy entering a new phase of structural growth, mid-cap companies are emerging as a strong opportunity for wealth creation. The Bank of India Mid Cap Fund is designed to capture this dynamic opportunity by identifying quality mid-sized enterprises with scalable business models, strong management, and competitive moats, the press release stated.
'The Bank of India Mid Cap Fund is designed for investors willing to stay invested for the long term and participate in India's mid-cap growth opportunity through professional fund management. Mid-cap stocks often have the potential to outperform their larger counterparts during market recoveries, and this fund aims to capitalize on that potential—offering investors a unique opportunity to engage in the Indian growth narrative,' said Alok Singh, CIO – BOIIM.
According to the fund house, the scheme aims to capture India's multi-year structural growth through high-potential mid-cap companies. It is backed by BOIIM's proven expertise in managing equity funds with meaningful mid-cap exposure.
The fund offers diversified exposure across key growth sectors like financials, industrials, healthcare, and consumer. It also follows stringent risk management processes and maintains healthy diversification across stocks and sectors.
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The fund is focused on identifying quality mid-cap businesses with proven execution, scalable models, and sectoral tailwinds and it will follow a bottom-up stock-picking approach
The fund seeks to balance growth and risk by investing in companies with competitive advantages and strong management and aims to leverage long-term compounding potential in India's expanding mid-cap space
This fund is designed for investors seeking long-term capital appreciation by investing in fundamentally strong mid-cap companies that have the potential to generate relatively higher returns.