Mumbai: Bank of India Mutual Fund, with over 16 years of extensive fund management expertise, has unveiled its latest offering, Bank of India Consumption Fund, under a New Fund Offer.
Bank of India Consumption Fund seeks to invest in the country’s expanding family consumption basket by leveraging India’s dynamic economic growth and changing consumer habits. A growing middle class, rising urbanization, and an increasing young population drive India’s consumer sector by creating demand for goods and services across businesses. The portfolio focuses on industries including retail, consumer durables, healthcare, and financial services. It aims to expose investors to the range of options brought out by India’s changing consumption patterns, making it an investment vehicle for anybody aspiring to take advantage of the country’s long-term economic development.
The fund is suitable for investors looking for long-term growth and seeks to generate returns by seizing the expansion potential of India’s consumer-driven economy. The fund may benefit from the changing nature of consumer demand due to the nation’s growing disposable incomes and premiumization of branded and high-end goods. The fund focuses on industries with robust consumer demand while investing in businesses gaining from these demographic and economic changes. Given that India is still one of the biggest consumer markets in the world, this fund will invest in the growth trends in the world economy.*
*Source: www.voronoiapp.com
The NFO for the Scheme opens for subscription on November 29, 2024, and closes on December 13, 2024.
Key features of the fund
– Invest in India’s growing household consumption basket
– Capture India’s growth story and evolving consumer trends
– Resilient sectors driven by consumer demand
Alok Singh, CIO, Bank of India Investment Managers Private Limited
The growing Indian economy is helping to increase per capita GDP, which generates higher disposable income. The growing income levels are resulting in higher discretionary spending and an increase in financial savings. This changing spending pattern has an influence on many businesses and may also result in the creation of a newer profit pool. Bank of India Consumption Fund looks to capitalize on the increasing discretionary spending by Indian consumers.
Mohit Bhatia, CEO, Bank of India Investment Managers Private Limited
We have always endeavored to offer sustainable investment constructs focused on long-term wealth creation for our investors. This new offering from Bank of India Mutual Fund focuses on a broad theme that has traditionally comprised the core allocation for most diversified schemes and yet has an ever-evolving and broad array of industries & themes that comprise the rapidly growing consumer basket of Indian households. We feel that this is ideal for investors looking for broad thematic exposure across an equity portfolio with a time horizon of 3 years and above.
#It may be noted that the product labelling specified above is based on the internal assessment of scheme characteristics and may vary post NFO, when the actual investments are made.
Load Structure-
Entry Load: Not Applicable
Exit Load:
• If redeemed /switched-out within 3 months from the date of allotment:
➢ For 10% of investments-:Nil
➢ For remaining investments:1%
• If redeemed/switched-out after 3 months from the date of allotment: Nil
Information about the AMC and Mutual Fund:
Bank of India Investment Managers Private Limited (BOIIM) is a wholly owned subsidiary of Bank of India and the designated Investment Manager for the schemes of Bank of India Mutual Fund.
Bank of India Investment Managers Pvt. Ltd. (BOIIM) has continuously proven to be a trustworthy partner for its Mutual Fund investors. With over 16 years of rich experience in funds management, BOIIM has always endeavored to provide solutions for investors seeking varying Investment Objectives across Mutual Fund schemes. BOIIM has 13 branches PAN India and manages a portfolio of 20 Mutual Fund Schemes of 6,48,126 lakhs unitholders with an AUM of 11,340.70 Cr AUM as of October 31, 2024.
The above Assets Under Management as on October 31, 2024 (in Crores) includes Equity: 587882.19 | Debt: 36162.64 | Hybrid: 160788.35| Liquid: 195360.26| ELSS: 153876.18 | Geographical Spread (%): Top 5 Cities: 53.03% | Next 10 Cities: 13.44% | Next 20 Cities: 7.04%
| Next 75 Cities: 7.95% | Others: 18.54%
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISK, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.