Bank of India Mutual Fund has introduced a new investment option for equity investors, the Bank of India Mid Cap Fund, an open-ended equity scheme that focuses mainly on mid-cap companies.
The fund’s New Fund Offer (NFO) is open for subscription from July 31 to August 14, 2025.
This scheme aims to help investors grow their wealth over the long term by investing in promising mid-sized companies that show strong growth potential.
Who Should Consider Investing?
The fund is best suited for investors who are comfortable staying invested for a longer time and are looking to benefit from the potential of mid-cap stocks. These companies often outperform larger firms during periods of market recovery.
“The Bank of India Mid Cap Fund is designed for investors willing to stay invested for the long term and participate in India’s mid-cap growth opportunity through professional fund management. Mid-cap stocks often have the potential to outperform their larger counterparts during market recoveries, and this fund aims to capitalize on that potential, offering investors a unique opportunity to engage in the Indian growth narrative,” said Alok Singh, CIO, Bank of India Investment Managers (BOIIM).
NFO Details:
As mentioned above, the Bank of India Mid Cap Fund, opened for subscription on July 31, 2025, and will close on August 14, 2025. The scheme will reopen for regular buying and selling from August 21, 2025.
The minimum amount you can invest in the Bank of India Mid Cap Fund, is Rs 5000 and in multiples of Re1 thereafter. If you withdraw your money within 2 months, there will be an exit load (fee) of 1%, but there is no charge after that period.
This fund is considered to have a very high level of risk. It is benchmarked against the Nifty Midcap 150 Total Return Index, which it uses to measure performance.
The fund is managed by Alok Singh, Chief Investment Officer at BOIIM. He has over 24 years of experience in fund management.
The fund follows a bottom-up stock-picking strategy, meaning it focuses on the fundamentals and potential of individual companies rather than sectors alone. It will invest across a wide range of sectors including financials, industrials, healthcare, and consumer, offering diversification to balance growth and risk.
Why Mid-Cap Companies?
Mid-cap companies are often seen as the “sweet spot” for growth investors. They are typically past the early startup phase and are now expanding. These companies can benefit from structural changes in the economy, new technologies, or increasing exports.
“The launch of the Bank of India Mid Cap Fund reflects our commitment to offering investors access to high-growth opportunities in India’s vibrant equity markets. As the Indian economy continues to expand and diversify, we believe mid-cap companies are well-positioned to be key beneficiaries of the next phase of value creation across sunrise sectors and business models, as well as existing companies benefiting from India’s increasing integration into global supply chains,” said Mohit Bhatia, CEO of Bank of India Investment Managers.
BOIIM’s Track Record and Strategy
Bank of India Investment Managers (BOIIM) already manages multiple funds across equity, debt, hybrid, tax-saving, and short-term income categories. With assets under management of over Rs 13,150 crore as of June 30, 2025, the fund house brings experience in managing equity schemes, including those with mid-cap exposure.
The new fund adds to BOIIM’s existing lineup, which includes popular schemes like the Bank of India Large Cap Fund, Bank of India Tax Advantage Fund (ELSS), and the Bank of India Balanced Advantage Fund.
The Mid Cap Fund aims to take advantage of India’s structural growth story by identifying companies with scalable business models, strong leadership, and a competitive edge. It also emphasizes strict risk management and broad sector diversification, making it a potentially balanced option for growth-focused investors.