The new fund offer or NFO for the scheme opens for subscription on February 10. It will close for subscription on February 24.
The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related securities across various market capitalisations.
The scheme will be managed by Nitin Gosar.
Mohit Bhatia, CEO, Bank of India Investment Managers Private Limited (Investment Manager for Bank of India Mutual Fund), said, “Given the positive and 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, said that “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 and 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 and 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 three-five years Investment Horizon, he added.The minimum initial investment in the scheme is Rs 5,000 and Re 1 thereafter. The scheme would be benchmarked against S&P BSE 500 TRI (first tier).
