Bank of India Consumption Fund Review – Bank of India Consumption Fund Review Direct NFO Open on 29 November 2024 and Close on 13 December 2024. Bank of India Consumption Fund Direct NFO Allotment Date is 20 December 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 following consumption theme.
Scheme Benchmark : Nifty India Consumption TRI
Bank of India Consumption Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| ITC Ltd. | 10.59 |
| Bharti Airtel Ltd. | 10.28 |
| Mahindra & Mahindra Ltd. | 7.63 |
| Hindustan Unilever Ltd. | 7.07 |
| Trent Ltd. | 4.97 |
| Zomato Ltd. | 4.73 |
| Maruti Suzuki India Ltd. | 4.58 |
| Titan Company Ltd. | 4.24 |
| Asian Paints Ltd. | 4.17 |
| Bajaj Auto Ltd. | 3.43 |
Bank of India Consumption Fund Important Date
| Scheme Offer | Bank of India Consumption Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 29 Nov 2024 |
| Close Date | 13 Dec 2024 |
| Allotment Date | 20 Dec 2024 |
| Category | Thematic Fund |
| Min Inv ₹ | ₹5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty India Consumption TRI. |
Investment Objective of the Scheme ?
The Investment objective of the Scheme is to provide longterm capital appreciation from an actively managed portfolio of equity and equity related securities of
companies engaged in consumption and consumption related sector or allied sectors. However, there is no assurance that the investment objective of the Scheme will be achieved.
Bank of India Consumption Fund 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 12 months. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5,000 |
| Min. SIP | N/A |
Bank of India Consumption Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity & Equity related instruments of companies engaged in consumption and consumption related sector or allied sectors | 80% | 100% |
| Other Equity & Equity Related Instruments | 0% | 20% |
| Debt and Money Market instruments | 0% | 20% |
| Units issued by REITs and InVITS | 0% | 10% |
Manager Manage the Scheme?
Fund Manger : Mr. Nitin Gosar
Qualification : B.M.S and MS Finance (ICFAI, Dehradun)
Experience : More than 16 years of experience in equity Research and Fund Management.
Bank of India Consumption Fund Sector Representation
| Sector | Weightage |
|---|---|
| Fast Moving Consumer Goods | 30.77 |
| Automobile and Auto Components | 21.62 |
| Consumer Services | 15.21 |
| Telecommunication | 10.28 |
| Consumer Durables | 9.71 |
| Healthcare | 4.60 |
| Power | 3.96 |
| Services | 2.20 |
| Realty | 1.65 |
Bank of India Consumption Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -10.39 | 19.87 | 37.79 | 17.30 | 13.83 |
| Total Return | -10.38 | 20.90 | 39.20 | 18.59 | 15.19 |
Where Will the Scheme Invest ?
- Equity and Equity related securities.
- Debt and Money Market Instruments.
- Investment in units of Mutual Funds schemes.
- Investment in Derivatives.
- Units of REITs and INVITs.
- 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: Union Active Momentum Fund Review
Bank of India Consumption 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
