Investment Objective and Approach

The investment objective of the scheme is to generate long-term 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.

The fund employs a distinctive investment approach:

- Top-Down Strategy: Majorly uses a Top-Down approach to identify and invest across a focused set of growth themes impacted positively by macro factors and mega-trends

- Business Cycle Focus: Intended investment in themes & businesses that are at the cusp-of or undergoing expansionary phase in Business Cycle

- Sector Agnostic: Sector and Market Cap agnostic

- Macro/Trends Based: Macro/Trends based investing

- Dynamic Allocation: The fund aims to invest across a spectrum of businesses and sectors that we feel are likely to see an expansionary phase in their business cycle over the medium to long term

Key Investment Details:

- Minimum SIP Amount: ₹1,000

- Minimum Lumpsum Investment: ₹5,000

- Benchmark: NIFTY 500 Total Return Index (TRI)

- Fund Type: An open ended equity scheme investing in sector based on its business cycle

- Risk Rating: Very High risk

Fund Managers

Alok Singh is the Current Fund Manager of Bank of India Business Cycle Fund Direct Growth fund. His credentials include:

- Education: CFA and PGDBA from ICFAI Business School

- Experience: Around 20 years of experience, including 16 years in the mutual fund industry

- Background: He worked at BNP Paribas Asset Management and Axis Bank before joining Bank of India AMC

About the Fund House (AMC)

Bank of India Mutual Fund was established as part of the second phase of mutual fund industry development in India. Bank of India (Jun 90) was among the early public sector banks to enter the mutual fund business, following SBI's pioneering entry in 1987.

AMC Overview:

- Experience: Bank of India Investment Managers Pvt. Ltd. has continuously proved to be trustworthy with 14 years of rich experience in fund management and has always catered to the needs of the investors across various objectives

- Total AUM: ₹10,335.73 Cr as per Angel One data, and ₹11,518.36 Cr as per newer Angel One NFO data

- Number of Schemes: 69 schemes

- Leadership: The leading squad of the Bank of India Mutual Fund includes Mr Mohit Bhatia as CEO/MD, Mr Alok Singh as CIO, and Ms Roshni Pawar as Investor Service Officer

Bank of India AMC is part of the established public sector fund houses that emerged during the late 1980s and early 1990s, contributing to the democratization of mutual fund investing in India.

Should I Invest in Bank of India Business Cycle Fund?

This fund is suitable for investors who:

- Seek Long-term Growth: Suitable for investors who are seeking long-term capital appreciation and investment in equity and equity-related instruments with a focus on navigating business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy

- Have High Risk Tolerance: Given the fund's Very High risk rating, it's appropriate for aggressive investors

- Believe in Cyclical Investing: Investors who understand and appreciate the business cycle approach to investing

Important Considerations:

- This scheme is new and does not have any performance track record

- Experts advise that investors should consult their financial advisors before investing, as the fund's performance will depend on the accurate identification of business cycles and sector trends

Launch Details:

- NFO Period: The NFO for the Bank of India Business Cycle Fund will be open from August 9, 2024, to August 23, 2024

- Allotment Date is 30 August 2024

FAQs

What is today's NAV of Bank of India Business Cycle Fund?

The Latest NAV as of 27 May 2025 is ₹9.11. NAV changes daily based on market movements, so please check the current NAV before investing.

What is the AUM of Bank of India Business Cycle Fund?

The fund currently has an Asset Under Management(AUM) of ₹12,025 Cr as per latest available data. As a new fund, AUM continues to grow with investor participation.

What is the expense ratio of Bank of India Business Cycle Fund?

The exact expense ratio details are not yet disclosed as this is a newly launched fund. Expense ratios are typically announced after the fund becomes operational.

What are the returns of Bank of India Business Cycle Fund since inception?

The fund has delivered a CAGR of 3.8 since inception. As a recently launched fund, performance track record is limited and future returns are subject to market risks.

What is the minimum SIP amount to invest in Bank of India Business Cycle Fund?

Minimum SIP Investment is set to ₹1,000. This makes the fund accessible for regular systematic investment planning.

How do I invest in Bank of India Business Cycle Fund?

You can invest through Allvest platform online. Complete your KYC, choose between SIP or lumpsum investment, and start investing with minimum amounts as specified.

How to start a SIP in Bank of India Business Cycle Fund?

Visit Allvest platform, select the fund, choose SIP option, set your monthly investment amount (minimum ₹1,000), select SIP date and duration, and authorize auto-debit from your bank account.

How do I automate an SIP in Bank of India Business Cycle Fund?

Through Allvest, set up auto-debit mandate during SIP registration. Your bank account will be automatically debited on chosen dates, ensuring regular investment without manual intervention.

How can I withdraw/redeem my investment in Bank of India Business Cycle Fund?

Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. You can redeem through Allvest platform with funds typically credited within 3 working days.