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 the Bank of India Mid Cap Fund NFO on BSE StAR MF Platform from July 31, 2025, to August 14, 2025. The fund offers 6 plan variants including Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options. Tentative allotment is scheduled for August 22, 2025.
Key Points
- NFO period: July 31, 2025 to August 14, 2025
- Six plan variants available with different ISIN codes
- Tentative allotment date: August 22, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on August 21, 2025
- Extended trading till midnight on August 14, 2025 for lumpsum purchases only
- Cheques and OTM payments acceptable subject to fund clearance requirements
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Members must ensure client fund initiation by 9:00 AM on T+1 day to avoid cancellation
- Transactions without fund initiation will be cancelled with CC and N flag reporting to RTA/AMC
- Clear funds must be available in ICCL Account by 6:00 PM on August 21, 2025
- Switch transactions must receive funds before allotment date for consideration
Important Dates
- NFO Start Date: July 31, 2025
- NFO End Date: August 14, 2025 (extended till midnight for lumpsum)
- Fund Clearance 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. The fund expands investment options in the mid-cap equity segment for investors on BSE StAR MF Platform. Standard NFO procedures apply with clear timelines for fund collection and allotment.
Impact Justification
Routine NFO launch with standard procedures and limited market impact