Bank of India Mutual Fund launches Bank of India Multi Asset Allocation Fund
NFO period: 07th February – 21st February, 2024
Highlights of the NFO:
- Scheme type – An open ended scheme investing in Equity, Debt and Gold ETF
- Investment objective – The investment objective of the scheme is to seek long term capital growth by predominantly investing in equity and equity related securities, debt & money market instruments and Gold ETF. However, there can be no assurance that the investment objectives of the scheme will be realized. The scheme does not guarantee/ indicate any returns.
- Product suitability – The product is suitable for investors who are seeking wealth creation over medium to long term by investing in equity and equity related securities, debt and money market instruments and Gold ETF.
- 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 and Mr. Mithraem Bharucha
- Benchmark – 37.50% of Nifty 500 TRI + 50% of Nifty Composite Debt Index + 12.50% of Domestic Prices of Gold
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
