Bank of India Mutual Fund launches Bank of India Business Cycle Fund

NFO period: 09^th August – 23^rd August, 2024

Highlights of the NFO:

• Scheme type – An open ended equity scheme investing in sector based on its business cycle


• Investment objective – The Investment objective of the scheme is to generate longterm capital appreciation by investing predominantly in equity and equity related securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. 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 by investing in equity and equity related instruments with a focus on navigating business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.


• 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 IDCW Option (Re-investment of IDCW and payout of IDCW option).


• Fund Managers – Mr. Alok Singh


• Benchmark – NIFTY 500 Total Return Index