What is the story about?
Bank of India Mutual Fund has announced the launch of the Bank of India Banking & Financial Services Fund, an open-ended equity scheme that will invest primarily in companies operating in the banking and financial services sector.
The new fund offer (NFO) will open on January 8 and close on January 22, 2026.
The scheme aims to generate long-term capital appreciation by investing in equity and equity-related instruments of businesses engaged in banking, non-banking financial services, insurance, fintech and capital market activities. The fund will follow a sector-focused strategy and is benchmarked against the Nifty Financial Services TRI.
According to the fund house, the investment approach will combine top-down and bottom-up stock selection across market capitalisations. The scheme plans to invest across established banks, NBFCs, emerging fintech firms, and insurance and capital market companies. The fund will be managed by Nilesh Jethani, fund manager at Bank of India Investment Managers Private Limited (BOIIM).
The launch comes at a time when the banking and financial services sector continues to play a central role in India’s economic activity, supported by credit growth, digitisation, financial inclusion and the formalisation of economic transactions. Over the past two decades, the Nifty Financial Services TRI Index has significantly outperformed broader market indices, reflecting the sector’s long-term growth trend.
The minimum investment amount during the NFO is ₹5,000, with additional investments allowed in multiples of ₹1 thereafter. The scheme will levy an exit load of 1% on redemptions or switches made within 60 days from the date of allotment. No exit load will apply beyond that period.
Bank of India Investment Managers Private Limited, the asset management arm of Bank of India, serves as the investment manager for Bank of India Mutual Fund. As of December 31, 2025, the fund house managed assets worth ₹13,656.55 crore across equity, debt, hybrid, liquid and ELSS schemes, spanning over 8.2 lakh investor folios.
The fund is positioned for investors seeking long-term exposure to the banking and financial services sector, subject to market risks associated with sector-specific investing.
The new fund offer (NFO) will open on January 8 and close on January 22, 2026.
The scheme aims to generate long-term capital appreciation by investing in equity and equity-related instruments of businesses engaged in banking, non-banking financial services, insurance, fintech and capital market activities. The fund will follow a sector-focused strategy and is benchmarked against the Nifty Financial Services TRI.
According to the fund house, the investment approach will combine top-down and bottom-up stock selection across market capitalisations. The scheme plans to invest across established banks, NBFCs, emerging fintech firms, and insurance and capital market companies. The fund will be managed by Nilesh Jethani, fund manager at Bank of India Investment Managers Private Limited (BOIIM).
The launch comes at a time when the banking and financial services sector continues to play a central role in India’s economic activity, supported by credit growth, digitisation, financial inclusion and the formalisation of economic transactions. Over the past two decades, the Nifty Financial Services TRI Index has significantly outperformed broader market indices, reflecting the sector’s long-term growth trend.
The minimum investment amount during the NFO is ₹5,000, with additional investments allowed in multiples of ₹1 thereafter. The scheme will levy an exit load of 1% on redemptions or switches made within 60 days from the date of allotment. No exit load will apply beyond that period.
Bank of India Investment Managers Private Limited, the asset management arm of Bank of India, serves as the investment manager for Bank of India Mutual Fund. As of December 31, 2025, the fund house managed assets worth ₹13,656.55 crore across equity, debt, hybrid, liquid and ELSS schemes, spanning over 8.2 lakh investor folios.
The fund is positioned for investors seeking long-term exposure to the banking and financial services sector, subject to market risks associated with sector-specific investing.
