November 27, 2024
mayank
Bank of India Consumption Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bank of India Consumption Fund Open Date, Close Date?
NFO opens on November 29, 2024
NFO will close on December 13, 2024
Investment Strategy for this NFO?
The scheme seeks to provide long term 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.
Basic Details
| Fund House | Bank of India Mutual Fund |
| Issue Open | 29 November 2024 |
| Issue Close | 13 December 2024 |
| Type | Open-ended |
| Category | Equity: Thematic-Consumption |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months |
| Riskometer | Very High |
| Benchmark | NIFTY India Consumption TRI |
About Benchmark Index for this NFO?
The Nifty India Consumption Index is designed to reflect the behaviour and performance of a diversified portfolio of companies representing the domestic consumption sector which includes sectors like Consumer Non-durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc. The Nifty India Consumption Index comprises of 30 companies listed on the National Stock Exchange (NSE).
At the time of rebalancing of shares/ change in index constituents/ change in investible weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%. Nifty India Consumption Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty India Consumption Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float MCap |
| No. of Constituents | 30 |
| Launch Date | July 12, 2011 |
| Base Date | January 02, 2006 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Bank of India Consumption Fund
1) Nitin Gosar
Education: Mr. Gosar holds a Master’s degree in Finance from ICFAI.
Experience: Prior to joining Bank of India Mutual Fund, he was working with Invesco Mutual Fund, IFCI Financial Services Ltd. (I-Fin) as Research Analyst. He has also worked Batlivala & Karani Securities, SKP Securities and NDA Securities.
AMC
Bank of India Investment Managers Private Limited
Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013
Website: https://www.boimf.in/
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Bank of India Consumption Fund NFO?
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https://sahifund.com/category/nfos/
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Quicklinks
https://sahifund.com/review-of-bank-of-india-consumption-fund-nfo/