Description
Bank of India Mutual Fund launches Banking & Financial Services Fund NFO with SIP facility from January 8-22, 2026, with allotment on January 30, 2026.
Summary
Bank of India Mutual Fund is launching the Bank of India Banking & Financial Services Fund as a New Fund Offer (NFO) on the BSE StAR MF Platform. The NFO period runs from January 8, 2026 to January 22, 2026, with six plan options available (Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options). The tentative allotment date is January 30, 2026.
Key Points
- NFO offers six scheme variants under Bank of India Banking & Financial Services Fund
- All schemes are equity category funds focused on banking and financial services sector
- SIP and lumpsum purchase facilities available during NFO period
- Unique ISINs assigned for each plan variant (Regular/Direct with different payout options)
- Extended trading hours available till midnight on January 22, 2026 for lumpsum purchases only
- Clear funds must be available in ICCL Account by 6:00 PM on January 30, 2026
Scheme Details
The following six schemes are being launched:
- Regular Plan - Growth (INF761K01HH7)
- Regular Plan - IDCW Payout (INF761K01HI5)
- Regular Plan - IDCW Reinvestment (INF761K01HJ3)
- Direct Plan - Growth (INF761K01HE4)
- Direct Plan - IDCW Payout (INF761K01HF1)
- Direct Plan - IDCW Reinvestment (INF761K01HG9)
Transaction Rules
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- Cancelled transactions will be reported to RTA/AMC with CC and N flag
- Pending transactions with initiated payments remain in system till 3:00 PM on last payout day or T+5, whichever is earlier
- Cheques and OTM payments accepted subject to clear funds receipt by 6:00 PM on January 30, 2026
- SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date
Switch Transactions
- Switches accepted during NFO period subject to funds receipt before allotment date
- Switch-out funds received on or after NFO allotment date will not be considered for allotment
- Members should refer to switch-out scheme payout TAT in scheme master
Important Dates
- NFO Start Date: January 8, 2026
- NFO End Date: January 22, 2026
- Extended Period End: Midnight on January 22, 2026 (lumpsum only)
- SIP Authentication Deadline: 3:00 PM on January 22, 2026
- Tentative Allotment Date: January 30, 2026
- Clear Funds Deadline: 6:00 PM on January 30, 2026
Impact Assessment
This is a routine NFO launch with no market-wide impact. The announcement affects mutual fund members and distributors operating on the BSE StAR MF Platform who wish to offer this new banking and financial services sector fund to their clients. No changes to existing regulations or compliance requirements for other market participants.
Impact Justification
Routine NFO launch announcement for mutual fund scheme. No regulatory changes or compliance requirements for broader market participants. Impacts only mutual fund distributors and investors.