New Equity Schemes from UTI MF & Bank of India MF: NFOs Close Sept 11

UTI Mutual Fund and Bank of India Mutual Fund have launched three new equity schemes, with their New Fund Offers (NFOs) scheduled to close on September 11, 2026. These launches offer investors diverse strategies, from passive index tracking to active value investing.

UTI’s Passive Sector Leaders

UTI Mutual Fund has introduced two passive equity schemes aimed at replicating the BSE India Sector Leaders Total Return Index (TRI). These funds provide exposure to top companies within the BSE 500 across key sectors.

• The UTI BSE India Sector Leaders Exchange Traded Fund (ETF) requires a minimum NFO investment of ₹5,000.
• The UTI BSE India Sector Leaders Index Fund, a mutual fund, has a minimum initial investment of ₹1,000.
• Both schemes operate with a rules-based investment strategy and carry no entry or exit loads.
• Sharwan Kumar Goyal manages these funds, supported by assistant fund managers Ayush Jain and Lokesh Kulthia.

Bank of India’s Value-Focused Fund

Concurrently, Bank of India Mutual Fund has launched the Bank of India Value Fund, an open-ended equity scheme with its NFO also closing on September 11, 2026. This fund employs a value investment strategy across market capitalizations.

• The fund will invest 80%-100% of its assets in equity and equity-related instruments.
• Value identification uses a “Rate of Change” (ROCh) approach, analyzing factors like demand acceleration and its impact on revenue and margins.
• It targets holding 50-80 companies and is benchmarked against the Nifty 500 TRI.
• Managed by Nav Bhardwaj, the fund requires a minimum investment of ₹5,000.
• It offers Regular and Direct Plans with Growth and IDCW options, suitable for long-term investors with an investment horizon of five years or more.

These new offerings provide investors with distinct avenues for equity exposure, catering to both passive index-tracking preferences and active value-driven strategies before the NFOs conclude in September 2026.