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Mumbai: Bank of India Mutual Fund, one of the trustworthy Mutual Fund players with 14 years of rich experience in fund management, has announced the launch of New Fund Offer - Bank of India Multi Cap Fund for investors looking to diversify their portfolio across large, mid and small cap categories (market cap categories). The Multi Cap Allocation Strategy includes a spread of minimum 25% of its total assets each in large, mid, and small cap companies. The scheme aims to leverage on structural and cyclical opportunities. The NFO for the Scheme opens for subscription on February 10, 2023 and closes on February 24, 2023.

The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related securities across various market capitalisation. However, there can be no assurance that the investment objectives of the Scheme will be realized.

The Scheme is suitable for investors looking for single product solution for equity investment. The Scheme is ideal for investors who are looking to invest across market cap categories. The Scheme will be managed by Mr. Nitin Gosar, Fund Manager.

Mohit Bhatia, CEO, Bank of India Investment Managers Private Limited (Investment Manager for Bank of India Mutual Fund) said, “Bank of India Mutual Fund is very pleased to announce the launch of a NFO after almost 2 years. We have always endeavoured to provide optimal Mutual Fund solutions keeping in view the varying needs of our existing as well as potential Mutual Fund investors in India. Given the positive & structural long term strengths of Indian markets and with nature of volatility that is inherent in growth markets like India, we feel that a Scheme that invests across categories of large, small and mid-cap companies may provide a good opportunity for investors looking for long term Wealth Creation.”

Alok Singh, CIO, Bank of India Investment Managers Private Limited further added, “Market volatility can be managed by diversification and a Multi Cap Fund by regulatory mandate invests a minimum 25% across each of large, mid and small cap companies thus offering diversification across market caps in its portfolios. While large cap compounders are likely to provide index oriented returns, mid cap companies & small cap exposures are likely to provide Alpha creation opportunities in a multi-cap portfolio. The Scheme will also endeavour to manage 25% of the portfolio in a dynamic rules based approach to allocate across market capitalisation based on medium term Trends & Valuation Metrics. Bank of India Multi Cap Fund would be well suited for investors looking at exposure to growth oriented Equity Funds with a minimum 3-5 years Investment Horizon.”