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 scheme offers 6 different plan options (Regular/Direct with Growth/IDCW variants) with tentative allotment 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 only
- Transactions cancelled if funds not initiated by 9:00 AM on T+1 day
- Switch transactions accepted during NFO period subject to fund receipt conditions
Regulatory Changes
No regulatory changes introduced. Standard NFO procedures apply.
Compliance Requirements
- Clear funds must be available in ICCL Account by 6:00 PM on August 21, 2025
- Cheques and OTM payments acceptable subject to clear funds receipt by deadline
- Members must ensure client fund initiation by specified timelines to avoid cancellation
- 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 Receipt Deadline: August 21, 2025 by 6:00 PM
- Tentative Allotment Date: August 22, 2025
- Transaction Cancellation: T+1 day at 9:00 AM if funds not initiated
- Pending Transaction Deadline: T+5 or 3:00 PM on last NFO day, whichever earlier
Impact Assessment
Limited market impact as this is a routine NFO launch. Provides additional investment option for mid-cap equity exposure through Bank of India Mutual Fund. Standard operational procedures apply with no significant changes to existing market operations or compliance requirements.
Impact Justification
Routine NFO launch with standard procedures, limited market impact