Bank of India unveils new investment opportunity for investors
With Bank of India's new fund, investors can now access a balanced mix of equities, debt instruments, and gold ETFs, offering a prudent approach to investment management
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Mumbai: The Bank of India Mutual Fund, with 15 years of fund management experience, announced the launch of New Fund Offer - Bank of India Multi Asset Allocation Fund. This fund targets investors interested in three asset classes: Equity, Debt, and Gold. The strategy involves allocating 35% to 40% to Equity & Equity Related Instruments, 45% to 55% to Debt and Money Market instruments, 10% to 15% to Gold ETF, and up to 10% to Units issued by REITs and InvITs. The NFO for the Scheme opened for subscription on February 07, 2024 and closes on February 21, 2024.
The scheme aims for long-term capital growth by primarily investing in equity and equity-related securities, debt & money market instruments, and Gold ETF, with no guaranteed returns. It's suitable for investors seeking low volatility and exposure to multiple asset classes.
Mohit Bhatia, CEO of Bank of India Investment Managers Private Limited, stated that the Multi-Asset Allocation Fund adds to their range of products, offering stability through debt allocation, growth via equity & gold, and indexation benefits on long-term capital gains. Alok Singh, CIO, highlighted the fund's allocation ranges and its ability to balance portfolio volatility through diverse assets.
Investing in the Bank of India Multi Asset Allocation Fund offers allocation in three asset classes, portfolio building using a top-down and bottom-up approach, exposure to a mix of stocks, bonds, and REITs & Invits, and taxation benefits with indexation.
In addition to the aforementioned details, Bank of India Mutual Fund's Multi Asset Allocation Fund provides investors with a diversified portfolio that can help mitigate risk through exposure to different asset classes. This diversification can potentially enhance overall portfolio stability and reduce the impact of market fluctuations on investment returns.
Furthermore, the fund's allocation strategy is designed to capitalize on the potential benefits of each asset class while minimizing downside risk. By investing in a combination of equities, debt instruments, and gold ETFs, the fund aims to achieve a balanced risk-return profile.
Moreover, the inclusion of listed REITs and InvITs in the fund's investment universe offers investors exposure to real estate and infrastructure assets, which can provide additional diversification benefits and potential income streams.
Overall, the Bank of India Multi Asset Allocation Fund presents investors with a structured investment option that aligns with their risk tolerance and investment objectives. With a focus on long-term capital growth and prudent risk management, the fund seeks to deliver sustainable returns over time.
