Bank of India Mutual Fund is pleased to announce the launch of the Bank of India Banking & Financial Services Fund, an open-ended equity scheme that aims to generate long-term capital appreciation by investing
predominantly in equity and equity-related instruments of companies engaged in the Banking & Financial Services (BFSI) activities.
India’s Banking & Financial Services ecosystem continues to be one of the strongest reflections of the country’s economic rise, supported by credit expansion, financial inclusion, digitization, rising per capita income, and the increasing formalization of the economy. Over the last two decades, the Nifty Financial Services TRI Index has delivered nearly ~28X returns, significantly outperforming broader market indicators, signaling the sector’s long-term wealth-creation potential.
Bank of India Banking & Financial Services Fund is designed to help investors participate in this multi-decade growth story by investing across banks, NBFCs, fintech, insurance, and capital market businesses that form the backbone of India’s economic transformation.
The fund is benchmarked against the Nifty Financial Services TRI and will be managed by Mr. Nilesh Jethani, Fund Manager, at Bank of India Investment Managers Private Limited.
NFO is available between January 8, 2026 and January 22, 2026.
Key Highlights of the Fund
• Aims to capture India’s multi-decade financial services expansion story
• Exposure to a rapidly growing sector linked to GDP growth, digitization, and rising incomes
• Predominantly invests in Banking & Financial Services companies
• Market-cap agnostic approach across leaders, compounders, and innovators
• Three-pronged strategy covering innovators, compounders and high growth businesses.
• Research-driven top-down and bottom-up stock selection
• Suitable for long-term investors seeking exposure to the BFSI sector
The minimum investment amount under the scheme is Rs 5,000, with additional investments permitted in multiples of Rs 1 thereafter. An exit load of 1% will be applicable for redemptions or switches made within 60 days from the date of allotment, while no exit load is applicable thereafter.
Speaking on the launch, Mr. Mohit Bhatia, CEO – Bank of India Investment Managers Private Limited (BOIIM), said, “We are excited to introduce the Bank of India Banking & Financial Services Fund at a time when India’s BFSI landscape is evolving rapidly, driven by structural reforms and digitization. The sector continues to demonstrate consistent growth, strong governance, and high capital efficiency. This fund offers investors a disciplined route to participate in India’s financial deepening and the expanding reach of formal credit, insurance, and wealth solutions across the country.”
