Bank of India Mutual Fund has launched the Bank of India Banking & Financial Services Fund, a specialised open-ended equity scheme designed to generate long-term capital appreciation by investing primarily in companies across India’s banking and financial services ecosystem.
The fund aims to capture opportunities arising from the expansion of India’s BFSI sector, which continues to be driven by rising credit penetration, financial inclusion, digital adoption, income growth and increasing formalisation of the economy. Over the past two decades, the Nifty Financial Services TRI has delivered strong long-term performance, reflecting the sector’s wealth creation potential.
Benchmarking itself against the Nifty Financial Services TRI, the scheme does not follow strict market-cap limits and will invest across large, mid and emerging companies within the BFSI space. Its investment approach combines top-down sector analysis with bottom-up stock selection, enabling exposure to established leaders, steady compounders and high-growth emerging players. The fund will be managed by Nilesh Jethani of Bank of India Investment Managers Private Limited.
The new fund offer (NFO) will remain open from 8 January to 22 January 2026. The minimum investment is Rs 5,000, with additional investments starting at Rs 1. An exit load of 1 per cent will apply to redemptions made within 60 days. The scheme is positioned for investors with a long-term investment horizon and a higher risk appetite who wish to participate in the growth of India’s financial sector.
Commenting on the launch, Mohit Bhatia, CEO, Bank of India Investment Managers Private Limited, said the fund is being introduced at a time when India’s BFSI sector is undergoing rapid transformation driven by structural reforms and digitalisation. He added that the sector’s strong governance, capital efficiency and growth prospects make it an attractive avenue for investors looking to benefit from the country’s expanding financial services landscape.
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