Bank of India Mutual Fund has launched the Bank of India Value Fund, an open-ended equity scheme that will follow a value investment strategy.

The New Fund Offer (NFO) opened for subscription on August 28 and will close on September 11.

The scheme will invest 80% to 100% of its assets in equity and equity-related instruments following a value investment strategy. It will invest across market capitalisations and sectors rather than following a specific market-cap or sector allocation.

What is the investment strategy?

The fund will use a bottom-up stock-picking approach, supplemented by macroeconomic considerations. Its investment framework focuses on the “Rate of Change” (ROCh) in a company’s business fundamentals.

The approach looks for…