Description
Bank of India Mutual Fund launches new Mid Cap Fund NFO from July 31 to August 14, 2025, with tentative allotment on August 22, 2025.
Summary
Bank of India Mutual Fund is launching a new Mid Cap Fund NFO on BSE StAR MF Platform from July 31 to August 14, 2025. The fund offers 6 different plan options including regular and direct plans with growth, IDCW payout, and IDCW reinvestment variants. Tentative allotment is scheduled for August 22, 2025.
Key Points
- NFO period: July 31, 2025 to August 14, 2025
- 6 scheme variants available (Regular/Direct plans with Growth/IDCW options)
- All schemes categorized as EQUITY with unique ISIN codes
- Extended trading till midnight on August 14, 2025 for lumpsum purchases
- Switches accepted during NFO period subject to fund receipt conditions
Regulatory Changes
No regulatory changes introduced. Standard NFO operational procedures apply.
Compliance Requirements
- Clear funds must be available in ICCL Account by 6:00 PM on August 21, 2025
- Transactions without client fund initiation by 9:00 AM on T+1 will be cancelled
- Pending transactions remain in system till 3:00 PM on last payout day or T+5
- Cheques and OTM payments acceptable subject to clear funds receipt by deadline
Important Dates
- NFO Start Date: July 31, 2025
- NFO End Date: August 14, 2025 (extended till midnight for lumpsum)
- Fund Payment Deadline: August 21, 2025 (6:00 PM)
- Tentative Allotment Date: August 22, 2025
Impact Assessment
Low market impact as this is a routine NFO launch. Provides additional investment options for mid-cap equity exposure through Bank of India Mutual Fund. Standard operational procedures ensure smooth processing for investors and members on BSE StAR MF Platform.
Impact Justification
Routine NFO launch announcement with standard operational procedures