Description

Bank of India Mutual Fund launches Banking & Financial Services Fund NFO with SIP facility on BSE StAR MF Platform from January 08 to January 22, 2026.

Summary

Bank of India Mutual Fund is launching the Bank of India Banking & Financial Services Fund as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO period runs from January 08, 2026, to January 22, 2026, offering six plan variants across Regular and Direct plans with Growth, IDCW Payout, and IDCW Reinvestment options. The tentative allotment date is January 30, 2026.

Key Points

  • NFO offers 6 scheme variants: Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment)
  • All schemes fall under Equity category with unique ISINs assigned
  • Transactions where clients haven’t initiated funds by 9:00 AM on T+1 day will be cancelled
  • Clear funds must be available in ICCL Account by 6:00 PM on January 30, 2026
  • NFO extended till midnight on January 22, 2026, for lumpsum purchases only
  • SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date
  • Cheques and OTM payments accepted during NFO period subject to receipt of clear funds by allotment date
  • Pending transactions will remain in system till 3:00 PM on last day of funds payout to AMC or T+5, whichever is earlier

Regulatory Changes

No regulatory changes. This is a standard NFO launch announcement following existing BSE StAR MF Platform procedures.

Compliance Requirements

  • Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on January 30, 2026, for allotment
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on January 22, 2026
  • For switches during NFO period, funds from switch-out scheme must be received before allotment date for consideration
  • CC with N flag will be reported to RTA/AMC for cancelled transactions

Important Dates

  • January 08, 2026: NFO opening date
  • January 22, 2026: NFO closure date (extended till midnight for lumpsum purchases)
  • January 22, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • January 30, 2026: Tentative allotment date
  • January 30, 2026, 6:00 PM: Deadline for clear funds in ICCL Account

Impact Assessment

This NFO launch has minimal market-wide impact and is operationally significant only for BSE StAR MF Platform members and investors interested in banking and financial services sector equity funds. The scheme provides investment opportunities in the banking and financial services sector through Bank of India Mutual Fund. Standard payment timelines and cancellation procedures apply, requiring members to ensure timely fund collection from clients. No impact on stock trading or broader market operations.

Impact Justification

Routine NFO launch announcement for mutual fund scheme with standard operational details. Limited market-wide impact, primarily relevant to mutual fund investors and BSE StAR MF platform members.