UTI Mutual Fund and Bank of India Mutual Fund have unveiled three new equity schemes, providing investors with diverse avenues for capital growth. These New Fund Offers (NFOs) are currently open for subscription and will conclude on September 11, 2026.
UTI MF Introduces Passive Sector Leader Funds
UTI Mutual Fund has launched two new passive equity schemes: the UTI BSE India Sector Leaders Exchange Traded Fund (ETF) and the UTI BSE India Sector Leaders Index Fund. Both NFOs commenced on August 31, 2026, and will close on September 11, 2026.
These funds are designed to replicate or track the performance of the BSE India Sector Leaders Total Return Index (TRI), aiming to provide exposure to top companies identified as sector leaders within the broader BSE 500 universe. The portfolio will encompass key sectors such as financial services, information technology, telecommunications, and oil and gas.
The investment strategy for both schemes is rules-based, meaning portfolio constituents and their allocations are determined by the index methodology, rather than through active stock selection by a fund manager. The UTI BSE India Sector Leaders ETF is an open-ended exchange-traded scheme, with a minimum NFO investment of ₹5,000. The UTI BSE India Sector Leaders Index Fund is offered as a traditional mutual fund with a minimum initial investment of ₹1,000.
Neither scheme imposes an entry or exit load. Sharwan Kumar Goyal will manage these funds, supported by assistant fund managers Ayush Jain and Lokesh Kulthia.
Bank of India MF Launches Value-Oriented Equity Fund
Concurrently, Bank of India Mutual Fund has introduced the Bank of India Value Fund, an open-ended equity scheme employing a value investment strategy. Its NFO opened on August 28, 2026, and will also close on September 11, 2026.
This fund aims to invest predominantly (80%-100% of total assets) in equity and equity-related instruments. It will maintain a sector-agnostic approach, investing across various market capitalizations, with a focus on businesses demonstrating intrinsic value and unrecognized growth potential.
The fund's investment philosophy centers on the ‘Rate of Change’ (ROCh), which assesses acceleration in demand, orders, output, or pricing and its impact on revenue, margins, and return on capital employed (ROCE). Its portfolio construction involves a five-filter approach, covering opportunity identification, thesis testing, position sizing, harvesting positions as ROCh decays, and reallocating capital.
Expected to hold 50-80 companies, the fund will diversify across market caps and sectors. Benchmarked against the Nifty 500 TRI, it will be managed by Nav Bhardwaj. The minimum investment is ₹5,000, catering to investors seeking long-term capital appreciation over an investment horizon of five years or more.