Bank of India MF introduces Consumption Fund
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Bank of India Mutual Fund has launched Bank of India Consumption Fund, an open-ended equity scheme following consumption theme. The NFO opens for subscription on November 29, 2024 and closes on December 13, 2024. No entry Load shall be charged to the Scheme. The Exit Load will be nil - For 10% of investments if redeemed / switched-out within 3 months from the date of allotment and 1% for remaining investments - If redeemed /switched-out within 3 months from the date of allotment. There will be no exit load if redeemed / switched-out after 3 months from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked at Nifty India Consumption TRI and its fund manager is Nitin Gosar.
The Investment objective of the Scheme is to provide longterm 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.
