Bank of India Mutual Fund announced the launch of its Mid Cap Fund on Monday, with the new fund offering (NFO) opening on July 31, 2025, and closing on August 14, 2025. The open-ended equity scheme will benchmark against the NIFTY Midcap 150 TRI.
The fund aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of mid-cap companies. Bank of India Investment Managers Private Limited (BOIIM) will manage the scheme using a bottom-up stock-picking approach, focusing on quality mid-sized enterprises with scalable business models and strong management.
“The launch reflects our commitment to offering investors access to high-growth opportunities in India’s vibrant equity markets,” said Mohit Bhatia, CEO of BOIIM. The fund targets investors seeking long-term capital appreciation through fundamentally strong mid-cap companies.
Chief Investment Officer Alok Singh noted that mid-cap stocks often have the potential to outperform larger counterparts during market recoveries. The fund will maintain diversified exposure across key growth sectors including financials, industrials, healthcare, and consumer segments.
BOIIM, a wholly owned subsidiary of Bank of India, manages 22 mutual fund schemes with assets under management of ₹13,150.45 crore as of June 30, 2025. The company operates across 755,872 folios through 14 branches nationwide, bringing over 16 years of fund management experience to the new offering.
Published on July 29, 2025