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SID Related Disclosures

Penalties and Pending Litigation or Proceedings

Particulars	Penalty
Penalties and action(s) taken against foreign Sponsor(s) during the last five years in the jurisdiction of the country where the principal activities (in terms of income / revenue) of the Sponsor(s) are carried out or where the headquarters of the Sponsor(s) is situated.	None
Monetary penalties imposed and / or action taken against Indian Sponsor(s) during the last five years or pending with any financial regulatory body or governmental authority, against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company; for irregularities or for violations in the financial services sector, or for defaults with respect to shareholders or debenture holders and depositors, or for economic offences, or for violation of securities law including details of settlement, if any, arrived at with the aforesaid authorities during the last three years.	Details Pertaining to Bank of India: A. During the FY 2019-20: The Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on bank for non-compliance with certain provisions of directions issued by RBI on "Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016". B. During the FY 2020-21: RBI imposed a penalty of Rs. 5 Crs for Non-compliance of the following Directions issued by RBI:- Non-compliance with the direction issued by the RBI on ‘Income recognition and Asset classification (IRAC) norms. Opening of current account by the Banks –Need for Discipline. Frauds classification and reporting The payment of penalty has been done on June 2, 2020. Monetary Authority of Singapore (MAS) imposed Monetary penalty of SGD 1000 (equivalent to INR 53,545) for violation of social distancing measures in branch (failure to take body temperature and distancing of at least one meter between two staff. Payment of penalty made on June 25, 2020. Uganda Revenue Authority Regulator has informed Monitory penalty of USD 586.00 (equivalent to INR 44,000) for the year 2014-15 for Delay in filing Excise Return. Payment of penalty has been made on June 26, 2020 C. During the FY 2021-22: The Reserve Bank of India (RBI) has imposed, by an order dated June 07, 2021, a monetary penalty of 4.00 crore (Rupees Four crore only) on Bank of India (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the "Master Circular on KYC norms/AML standards/ CFT / Obligation of banks under PMLA, 2002" dated July 1, 2014, circular on "The Depositor Education and Awareness Fund Scheme, 2014 - Section 26A of Banking Regulation Act, 1949 - Operational Guidelines" dated May 27, 2014, "Master Circular on Frauds - Classification and Reporting" dated July 02, 2012 and circular on "Sale of Financial Assets of Doubtful Standard / Fraudulent Origin to Securitization Company (SC) / Reconstruction Company (RC) - Reporting Requirements" dated April 5, 2011. Payment of above penalty has been made on June 10, 2021. Foreign Regulator has imposed monetary penalty of Rs. 16.54 Crs to one of Foreign centre (Overseas Branch) for contraventions on Prevention of Money Laundering and Countering the Financing of Terrorism. Payment of above penalty has been made on March 14, 2022. Regulator Ortoritas Jasa Keuangan (OJK) has imposed the monetary penalty on PTBOI for cooperation with two Insurance Companies to carry out bancassurance activities without prior approval of regulator since FY 2016 and a penalty of IDR 500,000,000.00 (equivalent to INR 25.00 lakhs, @1.00 million per year). Payment of above penalty has been made on January 21, 2022. D. During the FY 2022-23: RBI has imposed a monetary penalty of Rs. 70 Lakh (Rupees Seventy Lakh only) w.r.t. Non-compliance with certain provisions of the 'Reserve Bank of India - (Know Your Customer (KYC)) Direction, 2016' on the bank, based on their observations regarding deficiencies in regulatory compliance in domestic operations. Payment of above penalty has been made on July 12, 2022. On 27.9.2022 NSE had levied a penalty of Rs.0.10 lacs for non compliance of Regulation 60(2) of SEBI, LODR – Bank has given less than 7 working day intimation in respect of interest payment of bonds due on 01.04.2022. We have submitted our request for waiver of the penalty to NSE. NSE vide their letter dated 01.03.2023 has advised waiver of fine. Hence, Penalty / fine may be treated as NIL. E. During the FY 2023-24: RBI has imposed a monetary penalty of Rs. 140.76 Lakh on 13.03.2024 under Sections 35, 35A, 46, 47A and 51(1) of Banking Regulation Act, 1949 and sections 11, 23(a) & 25(ixiii) of the Credit information Companies (Regulation) Act, 2005- Statutory inspection of the bank with reference to financial position as on March 31, 2021 & March 31, 2022- in respect of Show Cause Notice dated October 04, 2023. Foreign regulator State Bank of Vietnam (SBV) has imposed a monetary penalty of Rs. 2.71 Crore on BOI HCMC for violation that BOI HCMC has not collected and checked the License of the State Bank Vietnam confirming the opening and use of Hai Duong Company's foreign currency account abroad, to ensure that the transfer of money to the foreign currency account abroad of the organization is in compliance with the License. Foreign regulator Tax Department of Vietnam (SBV) has imposed a monetary penalty of Rs. 0.68 Crore on BOI HCMC for Administrative violation in declaration of Foreign Contractor Tax (FCT). Foreign regulator Otoritas Jasa Keuangan (OJK) has imposed a monetary penalty of Rs. 0.45 Crore on PT BOI Indonesia Tbk for Error in 170 fields of reporting and requesting debtor information through Financial Information Service System (SLIK). Foreign regulator Otoritas Jasa Keuangan (OJK) has imposed a monetary penalty of Rs. 2.86 Crore on PT BOI Indonesia Tbk for Administrative sanction in the form of penalty for late submission of semi Annual report (unaudited) as of 30.06.2023. Details Pertaining to Bank of India Mutual Fund: There was a shortage in pay-in of security of Face Value 1.00 Crore in respect of 29/06/2023 Maturing 364 DTB (IN002022Z135) which was transferred to CCIL for Settlement on Apr 10, 2023; as there was inadequate balance in our SGL A/c, RBI vide their letter MRO.PDO.TBS.No.S105/08.03.000/2023-2024 had imposed a penalty of Rs. 10,000/- for the above shortage, in terms of RBI Circular IDMD.DOD.17/11.01.01(B)2010-11 dated July 14, 2010. Payment for the above Penalty was done on Apr 11, 2023.
Details of violations and enforcement actions taken by SEBI in the last five years and/ or pending with SEBI for the violation of SEBI Act, 1992 and Rules and Regulations framed there under including debarment and/ or suspension and/ or cancellation and/ or imposition of monetary penalty/ adjudication/enquiry proceedings, if any, to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel (especially the fund managers) of the AMC and Trustee Company were/ are a party.	A show cause notice dated May 02, 2022 was received by Noticees namely AMC and others on May 05, 2022 on certain aspects covered in SEBI thematic audit for the period August 01, 2018 to February 28, 2019. The Company as a Noticee to the Show Cause Notice had filed a Settlement Application with appropriate authority in SEBI without admitting to any allegations and only in order to put quietus to the matter in accordance with law. SEBI accepted the Settlement Application and the Company has settled the matter with SEBI by remittance of Rs. 1,36,50,000/- as Settlement Fees to SEBI. With issuance of SEBI Settlement Order dated December 28, 2022, the matter now stands closed.
Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel are a party.	None
Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the Board of Trustees/Trustee Company requiring disclosure here by SEBI or which have been notified by any other regulatory agency.	None

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How are the Equity Schemes Different from other Equity Schemes of Bank of India Mutual Fund?

Differentiation factors	Bank of India Large & Mid Cap Equity Fund (BOILMCEF)	Bank of India ELSS Tax Saver (BOITAF)	Bank of India ELSS Tax Saver (BOITAF) Bank of India Manufacturing & Infrastructure Fund (BOIMIF)	Bank of India Balanced Advantage Fund (BOIBAF)	Bank of India Mid & Small Cap Equity & Debt Fund (BOIMSCEDF)
Type of Scheme	An open ended equity scheme investing in both large cap and mid cap stocks	An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit	An open ended equity scheme investing in manufacturing and infrastructure sectors	An Open Ended Dynamic Asset Allocation Fund	An open ended hybrid scheme investing predominantly in equity and equity related instruments
Objective of the Scheme	The Scheme seeks to generate income and long-term capital appreciation by investing through a diversified portfolio of predominantly large cap and mid cap equity and equity related securities including equity derivatives. The Scheme is in the nature of large and mid cap fund. The Scheme is not providing any assured or guaranteed returns.	The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations.	The Scheme seeks to generate long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies engaged in manufacturing and infrastructure related sectors. Further, there can be no assurance that the investment objectives of the scheme will be realized. The Scheme is not providing any assured or guaranteed returns	Bank of India Balanced Advantage Fund aims at providing long term capital appreciation / income from a dynamic mix of equity and debt investments. There is no assurance that the investment objectives of the Scheme will be realized and the Scheme does not assure or guarantee any returns.	The scheme's objective is to provide capital appreciation and income distribution to investors from a portfolio constituting of mid and small cap equity and equity related securities as well as fixed income securities. However there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.
Asset Allocation	Large Cap Equity* and equity related - 35% to 65% (High) Midcap Equity and equity related securities - 35% to 65% (High) Small Cap Equity and equity related securities – 0% to 30%(High) Debt & Money Market Securities/Instruments# - 0% to 30% (Low to Medium) Units of InvITs/REITs – 0% to 10% (Medium to High) *Investments in derivative instruments shall not exceed 50% of net assets of the portfolio. # no investments will be made in securitized debt.	Equity and equity related Securities* -80% to 100% (High) Debt & money market Securities#- 0 to 20% (Low to Medium) *Investment in derivatives instruments may be made only if permitted under ELSS Rules and SEBI Regulations. In such event, the investments in derivatives shall be up to 50% of the net assets of the Scheme. # The Scheme will not make investments in securitized debt.	Equity and equity related Securities* -80% to 100% (High) Debt & money market Securities#- 0 to 20% (Low to Medium) *Investment in derivatives instruments may be made only if permitted under ELSS Rules and SEBI Regulations. In such event, the investments in derivatives shall be up to 50% of the net assets of the Scheme. # The Scheme will not make investments in securitized debt.	Equity and equity related securities of companies engaged in Manufacturing infrastructure and infrastructure related sectors - 80% to 100% (High) Debt & money market Securities- 0% to 20% (Low to Medium) # no investments will be made in securitized debt	Equity and equity related securities* - 0% to 100% (Medium to High) Debt & Money Market Securities/Instruments 0% to 100% (Low to Medium) Units of InvITs/REITs – 0% to 10% (Medium to High) *Investment in derivatives instruments may be up to 50% of the net assets of the scheme for the purpose of hedging and portfolio balancing purposes.	Equity and equity related securities* - 0% to 100% (Medium to High) Debt & Money Market Securities/Instruments 0% to 100% (Low to Medium) Units of InvITs/REITs – 0% to 10% (Medium to High) *Investment in derivatives instruments may be up to 50% of the net assets of the scheme for the purpose of hedging and portfolio balancing purposes.	Mid Cap & Small Cap Equity & Equity Related Securities - 65% to 80% (High) Debt & Money market instruments – 20% to 35% (Low to Medium)
Who should invest in the scheme	The fund is suited to investors with some prior experience in equity investing or even for first time equity investors who are aware of the risk associated with investing in equities, particularly with regard to mid and small capitalization companies.	The fund is suitable for investors with a long-term investment horizon. In terms of fund management, the 3 year lock-in period gives the fund manager the comfort of planning his investments with a long-term horizon.	The Scheme would be more suitable for investors who are desirous of increasing their exposure to manufacturing & infrastructure sector in their personal equity portfolio. Thus, this Scheme could act as a "top up" over existing investments of such investors in diversified equity funds.	By dynamic asset allocation, the scheme aims to reduce volatility as compared to a pure equity fund. Thus, the scheme is suited to the more conservative investors or even first time investors in equities. However, since the fund would normally have exposure to equities, investors should be aware of the risk associated with equity investments.	BOIMSEDF is a Equity fund investing in mid and small cap equity stocks (i.e. not part of the top 100 stocks by Market capitalization) as well as fixed income securities. While the fixed income component of the portfolio is expected to provide some buffer from the volatility of mid and small caps, a 65% portion of the portfolio will always be invested in mid cap equities. Hence, investors must understand the higher risk and volatility involved with investing in mid and small caps as compared to large cap stocks.
Assets under Management (As on May 31, 2024) (Rs. in crore)	318.90	1,326.94	340.61	127.53	755.65
No of folios as on May 31, 2024	17,655	142,914	23,375	3,267	30,668

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How are the Debt Schemes Different from other Debt Schemes of Bank of India Mutual Fund?

Differentiation factors	Bank of India Credit Risk Fund (BOICRF)	Bank of India Liquid Fund (BOILF)	Bank of India Ultra Short Duration Fund (BOIUSDF)	Bank of India Short Term Income Fund (BOISTIF)	Bank of India Overnight Fund (BOIOF)	Bank of India Conservative Hybrid Fund (BOICHF)
Type of Scheme	An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds.) A Moderate Interest Rate Risk and Relatively High Credit Risk.	An Open Ended Liquid Scheme. A Relatively Low Interest Rate Risk and Moderate Credit Risk.	An open ended ultra-short term debt scheme investing in instruments with Macaulay duration of the portfolio between 3 months and 6 months. A Relatively Low Interest Rate Risk and Moderate Credit Risk.	An open ended short term debt scheme investing in instruments with Macaulay duration of the portfolio between 1 year and 3 years. A Moderate Interest Rate Risk and Moderate Credit Risk.	(An open ended debt scheme investing in overnight securities. A Relatively Low Interest Rate Risk and A Relatively Low Credit Risk.	An open ended hybrid scheme investing predominantly in debt instruments)
Objective of the Scheme	The Scheme’s investment objective is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating. To achieve this objective, the Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies	The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns.Further, there is also no assurance that the investment objective of the Schemes will be achieved	The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns.	The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities.However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized. The Scheme is not providing any assured or guaranteed returns.	The investment objective of the scheme is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not assure or guarantee any returns	The Scheme seeks to generate regular income through investments in fixed income securities and also to generate long term capital appreciation by investing a portion in equity and equity related instruments. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized.
Who should invest in the scheme	An investment in the Scheme is suitable only for long-term, sophisticated investors. Investors must understand and accept the extent of the Scheme's exposure to the underlying credit risks and lack of liquidity of its investments.	Suitable for short-term deployment of funds - Investment horizon of 1 day to 3 months. It is an ideal investment avenue for very short-term parking of excess liquidity.	An ideal investment avenue for short to medium term parking of funds - Investors with an investment horizon of 3 to 6 months.	An ideal investment avenue for those with an investment horizon of 1 year to 3 years.	The Scheme invests in fixed income securities as well as equity securities. The Scheme is suited to more conservative investors, who are looking for generate some capital appreciation over regular fixed income return. However, since the fund would normally have exposure to equities, investors should be aware of the risk associated with equity investments.
Asset Allocation	Corporate Debt# (including securitized debt*) 65% to 100% - (Medium to High) Money market instruments-0% to 35% (Low) #Minimum investment in corporate bonds - 65% of total assets (only in AA and below rated corporate bonds) excludes AA+ rated corporate bonds. *Investments in securitised debt, will not exceed 50% of the net assets of the Scheme as at the time of Purchase.	Debt instruments (including Asset Backed Securities), Money Market Instruments and floaters having a residual maturity of upto 91 days-0%-100% (Low) Investments in Asset Backed Securities (Securitised debt) will not exceed 20% of the net assets as at the time of purchase.	Investment in Debt & Money Market instruments such that the Macaulay duration* of the portfolio is between 3 months and 6 months-0% to 100%-(Low to Medium) *Macaulay Duration - Macaulay duration is the weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price.	Investment in Debt & Money Market instruments such that the Macaulay duration* of the portfolio is between 1 year - 3 years-0% to 100%(Low to Medium) *Macaulay Duration - Macaulay duration is the weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price.	Debt and Money Market - Instruments with residual maturity of 1 business day-0% -100% (Low)	Money market securities and debt securities including government securities, corporate debt, securitized debt, and other debt instruments -75% to 90% (Low to Medium) equity & equity related instruments: 10% to 25% (Medium to High) Investments in Asset Backed Securities (Securitised debt) will not exceed 20% of the net assets as at the time of purchase.
Assets under Management (As on May 31, 2024) (Rs. in crore)	129.09	1,654.60	145.02	78.83	70.61	72.41
No of folios as on May 31, 2024	457	4,090	4,046	4,051	3,112	2,553

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