Shriram Gold ETF Passive FoF NFO 2026: A Simple Way to Add Gold to Your Portfolio? The Shriram Gold ETF Passive FoF is a new mutual fund from Shriram Mutual Fund that provides investors exposure to gold without directly buying physical gold or purchasing a Gold ETF through a demat account. The scheme is an open-ended Fund of Fund (FoF) that will invest primarily in units of various Gold ETFs . The NFO opens on 11 September 2026 and closes on 24 September 2026 . Click here for Risk profiling and Investment. (NO Charges) Shriram Gold ETF Passive FoF – Quick Details Particular Details Fund Name Shriram Gold ETF Passive FoF Fund Type Open-ended Fund of Fund Category Commodity – Gold FoF NFO Opens 11 September 2026 NFO Closes 24 September 2026 Reopens 30 September 2026 NFO Price ₹10 Minimum Investment ₹500 Additional Investment ₹500 Benchmark Domestic Price of Physical Gold TRI Risk Very High Fund Managers Sudip More & Surjeet Kumar Singh Lock-in No Exit Load Nil The scheme's ...
Bank of India Value Fund NFO 2026: Hidden Value or Just Another New Fund?
Bank of India Mutual Fund has launched a new equity mutual fund — Bank of India Value Fund.
As the name suggests, the fund follows a value-investing strategy, where the fund manager looks for companies that may be trading below their estimated intrinsic value but have the potential to create value over the long term.
The NFO opened on 28 August 2026 and will close on 11 September 2026. The scheme is an open-ended equity fund and is currently classified as Very High Risk. Its benchmark is the NIFTY 500 TRI.
Let's understand the fund, its strategy, costs, risks and whether it deserves a place in an investor's portfolio.
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1. Bank of India Value Fund – Quick Details
| Particular | Details |
|---|---|
| Fund Name | Bank of India Value Fund |
| Category | Equity – Value |
| Scheme Type | Open-ended |
| NFO Opens | 28 August 2026 |
| NFO Closes | 11 September 2026 |
| Allotment Date | 21 September 2026 |
| Benchmark | NIFTY 500 TRI |
| Risk | Very High |
| Minimum Investment | ₹5,000 |
| Additional Investment | ₹1,000 |
| NFO NAV | ₹10 |
| Fund Manager | Nav Bhardwaj |
| Lock-in | Nil |
| Investment Style | Active, value-oriented |
The NFO dates, ₹5,000 minimum investment, benchmark and fund-manager information are consistent with current scheme listings and the AMC's official page.
2. What Is Bank of India Value Fund?
Bank of India Value Fund is an actively managed equity fund that follows a value-investing approach.
The basic idea behind value investing is:
Find good businesses whose market price may be below what the investment team believes they are intrinsically worth.
The fund aims to invest predominantly in equity and equity-related instruments and can invest across different market capitalisations and sectors.
So this is not a dedicated large-cap, mid-cap or small-cap fund.
It is a value-oriented diversified equity fund.
3. What Is Value Investing?
Value investing is based on a simple concept:
Price and value are not always the same.
Imagine a company whose business is fundamentally strong.
The company has:
Healthy financials
Sustainable business model
Good management
Reasonable growth prospects
But because of temporary market pessimism, its stock price falls significantly.
A value investor may see this as a potential opportunity.
The fund manager tries to identify such situations and invest when the valuation appears attractive.
However, there is an important risk:
A stock can remain undervalued for a very long time.
And sometimes the market price is low because the company's fundamentals are actually deteriorating.
That is why value investing requires detailed research.
4. How Will Bank of India Value Fund Select Stocks?
The AMC describes the strategy as a bottom-up stock selection process supported by macroeconomic overlays. It focuses on identifying businesses with intrinsic value and potential that may not yet be fully recognised by the market.
The investment team can look at factors such as:
Business quality
Financial strength
Growth prospects
Sustainable business models
Valuation
Management quality
Intrinsic value
Market conditions
The fund is also intended to remain sector agnostic, meaning it does not restrict itself to a particular industry.
5. What Does "Bottom-Up" Mean?
Bottom-up investing starts with the company, rather than first deciding which sector will perform.
For example, the fund manager may identify an attractive company in banking, manufacturing, technology or another sector and then analyse:
Business → Financials → Management → Valuation → Future prospects
This approach can help the fund identify opportunities that may be overlooked by the broader market.
6. What Does "Intrinsic Value" Mean?
Intrinsic value is essentially an estimate of what a business may be worth based on its underlying fundamentals and future cash-generation potential.
Suppose:
Estimated intrinsic value = ₹1,000
But the stock is trading at:
₹750
A value investor may consider this potentially attractive.
But remember:
Intrinsic value is an estimate, not a guaranteed number.
The actual future value of the business can turn out to be very different.
7. Can the Fund Invest Across Large, Mid and Small Caps?
Yes.
The fund is not restricted to a single market-cap segment.
It can invest across different market capitalisations, which gives the fund manager flexibility to find value opportunities wherever they appear.
This is different from a category such as a large-cap fund, which has specific market-cap requirements.
8. Fund Manager – Nav Bhardwaj
The fund is managed by Nav Bhardwaj.
According to current fund information, he has around 17 years of experience across equity research, project finance, derivative trading and fund management.
His previous experience includes Invesco Asset Management India, Anand Rathi Shares and Stock Brokers, and Sunflower Capital.
Because this is a newly launched fund, investors cannot yet judge his performance based on a long track record in this particular scheme.
9. Benchmark
The benchmark is:
NIFTY 500 TRI
The NIFTY 500 represents a broad segment of the Indian equity market.
Using a broad benchmark makes sense because the fund can invest across different market capitalisations and sectors.
Once the fund develops a track record, investors should compare its performance with the benchmark rather than looking only at absolute returns.
10. NFO Dates
| Event | Date |
|---|---|
| NFO Opens | 28 August 2026 |
| NFO Closes | 11 September 2026 |
| Allotment | 21 September 2026 |
| Post-NFO subscriptions | From 22 September 2026 |
| NFO Price | ₹10 |
The current fund listings show the above NFO and allotment schedule.
11. Minimum Investment
The minimum investment is:
₹5,000
Subsequent investments are currently listed at:
₹1,000
The AMC's official page specifies ₹5,000 as the minimum investment and investments thereafter in multiples of ₹1.
12. Is SIP Available?
Yes, SIP investment is available for the scheme. Current fund-platform information also lists SIP as an available facility.
For the exact SIP minimum and instalment rules, investors should check the latest transaction documents or their investment platform before registering.
13. Exit Load
The AMC's current information states:
If redeemed/switched out within 3 months, there is no exit load on up to 10% of the investment.
For the remaining portion redeemed within 3 months, 1% exit load applies.
After 3 months, the exit load is nil.
This is an important point for investors who may need their money in the short term.
14. Is There Any Lock-in?
No.
The fund is an open-ended equity scheme and does not have a fixed lock-in period.
However, no lock-in does not mean that short-term investment is suitable.
Value investing can take time to work because the market may take months or years to recognise the value of a business.
15. Risk Level
The fund is classified as:
VERY HIGH RISK
This is an equity fund and investors should be prepared for significant fluctuations in NAV.
Value investing also has its own specific risks.
A stock may appear cheap but become even cheaper if the company's fundamentals deteriorate.
This is sometimes called a:
Value Trap
16. What Is a Value Trap?
A value trap occurs when an investor thinks:
"This stock is cheap."
But the stock remains cheap because the underlying business is actually getting worse.
For example:
A stock falls from ₹500 to ₹250.
An investor thinks it is a bargain.
But if earnings continue declining, debt increases and the business loses market share, ₹250 may not actually be cheap.
It could eventually fall to ₹150 or ₹100.
Therefore:
Cheap price ≠ automatically good investment.
This is one of the biggest risks of value investing.
17. Major Advantages
1. Value Investing Approach
The fund looks for potentially undervalued businesses.
2. Market-Cap Flexibility
It can invest across large, mid and small companies.
3. Sector Agnostic
The strategy is not restricted to a particular sector.
4. Bottom-Up Research
Individual companies are analysed based on fundamentals.
5. Long-Term Focus
The fund aims for long-term capital appreciation.
18. Major Risks
Value Trap Risk
Cheap stocks can become cheaper.
Equity Market Risk
The entire market can decline.
Small/Mid-Cap Risk
If the fund invests significantly in smaller companies, volatility may increase.
Fund Manager Risk
Active management depends on investment decisions.
Valuation Risk
The manager's estimate of intrinsic value may turn out to be incorrect.
New Fund Risk
The fund does not yet have its own long-term performance history.
19. Does ₹10 NAV Mean the Fund Is Cheap?
Absolutely not.
This is a common NFO misconception.
A ₹10 NAV does not mean that the fund is cheaper than an existing fund with a ₹100 NAV.
NAV represents the per-unit value of the mutual fund.
The important question is:
What returns will the underlying portfolio generate in the future?
Not:
How low is today's NAV?
20. Does the Fund Have Historical Returns?
No.
This is a newly launched NFO.
Therefore, there is no long-term historical performance of Bank of India Value Fund itself to analyse yet. Current fund listings identify it as recently launched and unrated.
Investors should therefore avoid using the returns of another Bank of India Mutual Fund scheme as if they were the returns of this new fund.
21. Who Should Consider This Fund?
The fund may be worth considering for investors who:
Have a long-term investment horizon
Understand equity-market volatility
Believe in value investing
Are comfortable with Very High Risk
Want diversified exposure across market caps
Can remain invested while the market takes time to recognise value
22. Who Should Avoid It?
This fund may not be suitable for:
Short-term investors
Conservative investors
Investors looking for guaranteed returns
Investors who cannot tolerate market falls
Investors who expect every "cheap" stock to quickly rise
Investors who may panic during periods of underperformance
23. Bank of India Value Fund vs Flexi Cap Fund
| Feature | Bank of India Value Fund | Flexi Cap Fund |
|---|---|---|
| Main strategy | Value investing | Flexible equity allocation |
| Market cap | Across market caps | Across market caps |
| Sector approach | Sector agnostic | Depends on fund |
| Stock selection | Value-oriented | Can use multiple styles |
| Allocation freedom | High | High |
| Main focus | Buying potentially undervalued businesses | Finding opportunities across market caps |
The key difference is the investment style.
A flexi-cap fund can use growth, value, quality or a combination of approaches.
This fund has a clearly stated value-investing orientation.
24. Should You Invest in Bank of India Value Fund NFO?
There is no universal answer.
The fund is interesting because it combines:
Value Investing + Multi-Cap Flexibility + Bottom-Up Stock Selection
But it is also a new fund with no track record and carries Very High Risk.
Before investing, ask yourself:
Do I understand value investing?
Can I tolerate periods of underperformance?
Can I remain invested for the long term?
Am I comfortable with equity-market volatility?
Do I already have too many diversified equity funds?
Does this strategy add something different to my portfolio?
If you already have a diversified portfolio, don't add another fund simply because it is a new NFO.
25. Final Verdict
Bank of India Value Fund is an interesting NFO for investors who specifically want a value-oriented equity strategy.
Its biggest attraction is that the fund can search for value opportunities across different market capitalisations and sectors, rather than being restricted to one segment. The bottom-up approach also gives the fund manager flexibility to focus on individual businesses.
But investors should remember three things:
1. It is a new fund.
There is no long-term performance track record.
2. It is Very High Risk.
The NAV can fall significantly during market corrections.
3. Value investing requires patience.
A stock that looks undervalued today may take a long time to deliver returns — or may turn out to be a value trap.
Bottom Line
Bank of India Value Fund may be worth researching for long-term investors who believe in value investing, but the ₹10 NFO price itself is not a reason to invest.
Understand the strategy first, then decide whether it fits your existing portfolio.
Frequently Asked Questions
What is Bank of India Value Fund?
It is an open-ended equity mutual fund following a value-investing strategy and investing across market capitalisations.
When does the NFO close?
The NFO closes on 11 September 2026.
What is the minimum investment?
The minimum investment is ₹5,000.
Who is the fund manager?
The fund manager is Nav Bhardwaj.
What is the benchmark?
The benchmark is NIFTY 500 TRI.
What is the risk level?
The scheme is classified as Very High Risk.
Does the fund have a lock-in?
No. It is an open-ended scheme.
Is SIP available?
Yes, SIP is available.
Is ₹10 NAV cheap?
No. NFO NAV should not be used to judge whether a mutual fund is cheap or expensive.
Does the fund have historical returns?
No. It is a newly launched fund and does not yet have its own long-term performance history.
What is the investment horizon?
This is a long-term equity investment. Investors should be prepared to remain invested for several years and tolerate periods of volatility and underperformance.
Click here for Risk profiling and Investment. (NO Charges)
Disclaimer: This article is for educational purposes only and is not investment advice. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing.
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