Bank of India Mutual Fund launches Bank of India Consumption Fund

NFO period: 29^th November – 13^th December, 2024

Highlights of the NFO:

• Scheme type – An open ended equity scheme following consumption theme


• Investment objective – The Investment objective of the scheme is to provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors. However, there is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking long term capital appreciation. An equity scheme by investing in equity & equity related securities of companies engaged in consumption and consumption related sector or allied sectors.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) (Reinvestment of IDCW & payout of IDCW option).


• Fund Managers – Mr. Nitin Gosar


• Benchmark – Nifty India Consumption TRI