Bank of India MF introduces Banking & Financial Services Fund
Bank of India Mutual Fund has launched Bank of India Banking & Financial Services Fund, an open-ended equity scheme investing in Banking & Financial Services Sector. The NFO opens for subscription on January 08, 2026 and closes on January 22, 2026. The Entry Load is nil for the scheme. The Exit load will be 1% - For redemption/switch out of units within 60 days from the date of allotment and Nil - Any redemption/switch out after 60 days from the date of allotment of units. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1/- thereafter.
The performance of the Scheme will be benchmarked to Nifty Financial Services TRI and its fund manager is Nilesh Jethani.
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of banking and financial services companies.
