Highlights of the scheme

• BOB MIP is an open-ended Scheme with no assured returns, from BOB Mutual Fund (BOBMF)
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• BOB Mutual Fund is sponsored by Bank of Baroda, one of the largest public sector banks of the country. BOB Asset Management Company Limited (BOBAMC) is the Investment Manager to the Scheme.
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• The Scheme is targeted to generate monthly income by investing in debt, money market instruments and also to generate long-term capital appreciation by investing a portion in equity and equity related instruments.
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• Transparency of operations i.e. determination of NAV on all business days, sale price, redemption price and full disclosure of investment portfolio periodically.
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• Household Insurance upto the amount of initial investment, subject to a maximum amount of Rs. 10 Lac. till the time investment is redeemed. This facility will be available to investors only during the initial public issue.
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• Tax benefits under the Income Tax Act, 1961, as amended from time to time.
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• Choice of Growth Plan, Dividend Plan and Dividend Re-investment Plan
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• Facility of Systematic investment and withdrawal.
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• Assured allotment to all applicants.