Bank of India Mutual Fund introduces Mid Cap Fund
Bank of India Mutual Fund has launched Bank of India Mid Cap Fund, an open-ended equity scheme predominantly investing in mid cap stocks. The NFO opens for subscription on July 31, 2025 and closes on August 14, 2025. The Entry Load is not applicable 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 is benchmarked against the Nifty Midcap 150 TRI and its fund manager is Alok Singh.
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of mid cap companies.
