Bank of India Multi cap fund launched

Bank of India Mutual Fund has announced the launch of Bank of India Multi Cap Fund for investors looking to diversify their portfolio across large, mid and small cap market cap categories. The multi cap allocation strategy includes a spread of minimum 25% of its total assets each in large, mid, and small cap companies, said the fund house.

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.

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.