Bank of India Mutual Fund launches Business Cycle Fund- NFO
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- Published date: August 13, 2024
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- Lucknow City, Lucknow, Uttar Pradesh, India
Bank of India Mutual Fund has launched the "Bank of India Business Cycle Fund," an open-ended equity scheme focused on a business cycle-based investing theme. The New Fund Offer (NFO) runs from August 09 to August 23, 2024, with a starting price of Rs. 5000.
This fund is designed for investors seeking long-term capital appreciation by dynamically allocating investments across sectors based on economic cycles. The fund's asset allocation includes 80-100% in equity and equity-related instruments, 0-20% in debt, and 0-10% in REITs and InvITs.
With a high-risk profile and an exit load of 1% if redeemed within 90 days, this scheme is comparable to other business cycle funds like Edelweiss and Motilal Oswal, which have seen significant interest.
For investors who miss the NFO, the scheme will reopen for continuous investment on September 02, 2024, at the NAV-based price.
Key Details:
- NFO Period: August 09 - August 23, 2024
- Minimum Investment: Rs. 5000
- Benchmark: NIFTY 500 TRI
- Risk Level: Very High
- Exit Load: 1% if redeemed within 90 days
This fund is ideal for those willing to navigate market fluctuations with a focus on long-term growth by aligning investments with economic cycles. Before investing, it's crucial to assess your financial goals and risk tolerance.
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