Bank of India Consumption Fund NFO

By Elite Wealth
/ November 29, 2024
/ NFO, whatsnew

Why Bank of India Consumption Fund?

1 Capitalize on evolving consumption trends driven by higher disposable incomes and lifestyle changes.

2 Blend of consumer staples, discretionary, e-commerce, consumption ecosystem and allied activities.

3 Agile portfolio management, balancing growth and stability across market conditions.

4 Participate in value shifts in mature businesses and growth trends in emerging companies.

5 Market capitalization agnostic

(source; https://boimf.in/)

Asset Allocation Framework

Equity & Equity related instruments of companies engaged in consumption and consumption related sectors or allied sectors 80% to 100%
Other Equity & Equity Related Instruments 0% to 20%
Debt and Money Market instruments 0% to 20%
Units issued by REITs and InVlTS 0% to 10%

(source; https://boimf.in/)

Type
(An open ended equity scheme following consumption theme)
Benchmark
Nifty India Consumption TRI
Fund Manager
Mr. Nitin Gosar
Plan & Options
Plans- Direct Plan and Regular Plan
Options under each Plan(s):

Growth
Income Distribution cum Capital Withdrawal (IDCW) (Reinvestment of IDCW & payout of IDCW option)

Load structureExit Load:

NIL— There will be no exit load within 3 months from the date of allotment for redemption/switch out upto 10% of the units allotted.
1% – Any redemption/switch out in excess of the above mentioned limit would be subject to an exit load of 1%, if the units are redeemed/ switched out within 3 months from the date of allotment of units.
NIL— There will be no exit load on any redemption/switch out after 3 months from the date of allotment of units.

Minimum Investment AmountRs. 5,000/- and in multiples of Re. 1/- thereafter.