Bank of India Business Cycle Fund Review – Bank of India Business Cycle Fund Direct NFO Open on 9 August 2024 and Close on 23 August 2024. Bank of India Business Cycle Fund Direct NFO Allotment Date is 30 August 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹5,000. The Minimum SIP Investment Amount is N.A.
Type of the Scheme
An open ended equity scheme investing in sector based on its business cycle.
Scheme Benchmark : First Tier Benchmark: NIFTY 500 Total Return Index.
Plan & Options – Direct Plan and Regular Plan
Options under each Plan(s):
Growth
Income Distribution cum Capital Withdrawal(IDCW) (Reinvestment of IDCW & payout of IDCW option).
Bank of India Business Cycle Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 6.38 |
| Reliance Industries Ltd. | 5.34 |
| ICICI Bank Ltd. | 4.48 |
| Infosys Ltd. | 3.54 |
| ITC Ltd. | 2.40 |
| Larsen & Toubro Ltd. | 2.34 |
| Tata Consultancy Services Ltd. | 2.33 |
| Bharti Airtel Ltd. | 2.09 |
| State Bank of India | 1.76 |
| Axis Bank Ltd. | 1.74 |
Bank of India Business Cycle Fund Nfo Important Date
| Scheme Offer | Bank of India Business Cycle Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 9 Aug 2024 |
| Close Date | 23 Aug 2024 |
| Allotment Date | 30 Aug 2024 |
| Category | Thematic Fund |
| Min Inv ₹ | 5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | NIFTY 500 Total Return Index |
Investment Objective of the Scheme ?
The Investment objective of the Scheme is to generate longterm capital appreciation by investing predominantly in equity and equity related securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the investment objective of the Scheme will be achieved.
Bank of India Business Cycle Fund Nfo Other Details
| Exit Load | 10% |
|---|---|
| Exit Load Details | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5,000 |
| Min. SIP | N.A. |
Bank of India Business Cycle Fund Review Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and Equity Related Instruments selected on the basis of business cycle | 80% | 100% |
| Debt and Money Market instruments | 0% | 20% |
| ReITS and InVITS | 0% | 10% |
Bank of India Business Cycle Fund Review Manager Details
- Fund Manger : Mr. Alok Singh
- Qualification : B.Com, PGDBA and CFA
- Experience : Around 21 years of Experience including 16 years in Mutual Fund industries. He is associated with Bank of India Investment Managers Private Limited Since April 2012.
Bank of India Business Cycle Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services 27.58 | 27.58 |
| Information Technology 9.57 | 9.57 |
| Oil, Gas & Consumable Fuels 8.77 | 8.77 |
| Automobile and Auto Components 7.65 | 7.65 |
| Fast Moving Consumer Goods 7.16 | 7.16 |
| Capital Goods 5.89 | 5.89 |
| Healthcare 5.67 | 5.67 |
| Power 3.86 | 3.86 |
| Metals & Mining 3.46 | 3.46 |
| Consumer Services 3.28 | 3.28 |
| Consumer Durables 3.08 | 3.08 |
| Construction 3.06 | 3.06 |
| Telecommunication 2.80 | 2.80 |
| Chemicals 2.17 | 2.17 |
| Construction Materials 2.09 | 2.09 |
| Services 1.80 | 1.80 |
| Realty 1.33 | 1.33 |
| Textiles 0.30 | 0.30 |
| Media, Entertainment & Publication 0.22 | 0.22 |
| Diversified 0.17 | 0.17 |
| Forest Materials 0.08 | 0.08 |
Bank of India Business Cycle Fund Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 3.53 | 21.11 | 37.94 | 21.07 | 11.26 |
| Total Return | 3.62 | 21.86 | 39.28 | 22.35 | 12.98 |
Where will this Scheme Invest ?
- Equity and Equity related securities.
- Debt and Money Market Instruments.
- Investment in units of Mutual Funds schemes.
- Investment in Derivatives.
- Any other instruments / securities, which in the opinion of the fund manager would suit the investment objective of the scheme subject to compliance with extant Regulations.
Also Read: Bandhan Nifty Bank Index Fund Review
Manager Manage the Scheme?
- Mr. Alok Singh
Bank of India Business Cycle Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
Bank of India Business Cycle Fund Form Download
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