Bank of India Multi Asset Allocation Fund NFO: A take on essential details

8 Feb 2024 , 10:21 AM

Bank of India Mutual Fund is launching NFO under its “hybrid category”, named as Bank of India Multi Asset Allocation Fund. The investment objective of the scheme is to seek long term capital growth by predominantly investing in equity and equity related securities, debt & money market instruments and Gold ETF.

Investment strategy: The portfolio will be built utilizing Covered Call Strategy where security may fall by more than the option premium earned, thereby exposing the strategy to downside risks.

Asset allocation: The scheme will invest in equity and equity related securities, debt and money market instruments and Gold ETF.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in energy companies stocks should invest in Bank of India Multi Asset Allocation Fund. 

Risk associated: Very high level of risk.

Benchmark: 37.50% of Nifty 500 TRI + 50% of Nifty Composite Debt Index + 12.50% of Domestic Prices of Gold.

Fund Managers: Mr. Alok Singh and Mr. Mithraem Bharucha

The NFO is available for subscription from February 07 to February 21. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Bank of India Multi Asset Allocation Fund.