Banking & Financial Services NFO Opens Today January 8: Min Investment of ₹5,000

Bank of India Mutual Fund has announced the launch of the Bank of India Banking & Financial Services Fund, an open-ended equity scheme primarily investing in companies operating within the banking and financial services sector. The New Fund Offer (NFO) opens on January 8, 2026, and closes on January 22, 2026.

Fund Objective and Strategy

The scheme aims to provide long-term capital appreciation by investing in equity and equity-related instruments of businesses engaged in banking, non-banking financial services (NBFCs), insurance, fintech, and capital market activities. It follows a sector-focused investment strategy and is benchmarked against the Nifty Financial Services TRI.

The fund will adopt a combination of top-down and bottom-up stock selection, investing across market capitalisations. Its portfolio will include 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).

Investment Details

• Minimum Investment (NFO): ₹5,000
• Additional Investments: In multiples of ₹1
• Exit Load:1% on redemptions or switches within 60 days of allotment; no exit load thereafter

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About the Fund House

Bank of India Investment Managers Private Limited, the asset management arm of Bank of India, manages Bank of India Mutual Fund. As of December 31, 2025, the fund house had ₹13,656.55 crore in assets under management (AUM) across equity, debt, hybrid, liquid, and ELSS schemes, servicing over 8.2 lakh investor folios.

The fund is designed for investors seeking long-term exposure to the banking and financial services sector, while being mindful of the market risks inherent in sector-focused investing.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.