Latest news with #BankofIndiaMutualFund
News18
2 days ago
- Business
- News18
NFO Alert: Bank of India Mutual Fund Launches Mid Cap Fund to Tap India's Growth Story
Last Updated: Bank of India Mutual Fund launched the Mid Cap Fund, an open-ended equity scheme aiming for long-term capital growth by investing in mid-cap companies. Bank of India Mutual Fund has launched the Bank of India Mid Cap Fund, an open-ended equity scheme that aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of mid-cap companies. With India's economy entering a new phase of structural growth, mid-cap companies are emerging as an 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. Speaking on the launch, Mr. Mohit Bhatia, CEO – Bank of India Investment Managers Private Limited (BOIIM), said: '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 & business models, as well as opportunities for existing companies benefiting from India's increasing integration in the global supply chains. The Objective Of Bank of India Mid Cap Fund? • Aims to capture India's multi-year structural growth through high-potential mid-cap companies. • Backed by BOIIM's proven execution in managing equity funds with decent exposure in Mid Cap space • Diversified exposure across key growth sectors like financials, industrials, healthcare, and consumer. • Healthy diversification across stocks and sectors • Stringent risk management processes. Key Highlights of the Fund: • Focused on identifying quality mid-cap businesses with proven execution, scalable models, and sectoral tailwinds • Follows a bottom-up stock-picking approach • Seeks to balance growth and risk by investing in companies with competitive advantages and strong management • 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. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
2 days ago
- Business
- Time of India
NFO Update: Bank of India Mutual Fund launches BOI Mid Cap Fund
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. Also Read | Smallcap mutual funds dominate return charts in 5 & 10 years. What's driving the surge? Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Data Analytics Healthcare Digital Marketing CXO Artificial Intelligence PGDM Technology MCA Product Management MBA Degree Data Science Public Policy Operations Management others Finance Leadership Others Design Thinking Project Management Management Cybersecurity Data Science Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details "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). Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » '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. Live Events 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. Also Read | Consistent performers: Over 40 equity mutual funds offer over 15% CAGR in 3, 5, 7 and 10 year horizons 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.
