Bank of India Filed Draft SID With SEBI For Bank of India Consumption Fund

Bank of India Mutual Fund has filed a draft scheme information deed (SID) with the market regulator Securities and Exchange Board of India to launch the Bank of India Consumption Fund. It is an open-ended equity scheme following a consumption theme. 

Investment Objective

The Investment objective of the  Bank of India Consumption Fund is to provide long-term capital appreciation from an actively managed portfolio of equity and equity-related securities of companies engaged in consumption and consumption-related sectors or allied sectors. However, there is no assurance that the investment objective of this open-ended scheme will be achieved.

Investment Strategy

Bank of India Consumption Fund aims to provide long-term capital growth from an actively managed diversified portfolio of equity & equity-related securities of companies engaged in consumption and consumption-related sectors or allied sectors. 

Bank of India MF stated that it is witnessing an increase in consumption in India given the shift inter-alia from unorganised to organised sector, premium categories and narrowing of rural and urban consumption gap. Bank of India AMC believes that factors like these will drive strong consumption spending in the coming decades.

Suitable For Which Investor

Bank of India Consumption Fund is suitable for investors who are seeking:

• Long-term capital appreciation. 
• An equity scheme investing in equity & equity-related securities of companies engaged in consumption and consumption-related sectors or allied sectors.

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