Samco Active Momentum Fund – NFO Dates, Scheme Features

Samco Mutual Fund (Samco Securities Limited) has launched a new fund offering ‘Samco Active Momentum Fund’, An open-ended equity scheme following momentum theme. The NFO will be open for subscription from June 15th, 2023 and will end on June 29th, 2023.

Within five Business Days following the date of allotment, the Schemes will reopen for continuous sale and repurchase. Subscriptions can be made starting at Rs. 5,000 and in multiples of Rs. 1/-. Both a Regular Plan and a Direct Plan are available.

About Samco Mutual Fund

In 2015, Group CEO Jimeet Modi rebranded Samco Securities Limited as a wealth technology startup. With its headquarters in Mumbai, it is one of the most successful discount brokers. Samco’s goal is to make high-quality financial technology more accessible to everyday people so that they can build wealth more affordably.

Samco currently offers some of the most innovative platforms for consumers to make the most of their financial resources. In accordance with the Securities and Exchange Board of India (MF) Regulations, as the fund’s sponsor, Samco Securities Limited is responsible for carrying out its functions and responsibilities.

Samco Active Momentum Fund – NFO Detail

Type of Offer	NFO (New Fund Offer)
Fund House	Samco Mutual Fund
Name of the Fund	Samco Active Momentum Fund
Type of Scheme	Open-ended
Category of Scheme	Equity: Thematic
NFO Starts	15-June-2023
NFO Ends	29-June-2023
NFO Unit Price	Rs 10 per unit
Minimum Investment	Rs. 5000
Plans	Regular, Direct
Options	Growth
Entry Load	Not Applicable
Exit Load	2% for redemption within 365 days 1% for redemption between 366 – 730 days
Investment Manager	Samco Asset Management Private Limited
Fund Manager	Mr. Paras Matalia

Samco Active Momentum Fund NFO – Scheme Objective

The Scheme’s goal is to provide participants with long-term financial appreciation by investing in rapidly growing companies. Stocks with positive price momentum are those that tend to keep on performing better than other stocks, on the theory that winners will continue to outperform in the future and losers will continue to underperform.

Samco Active Momentum Fund NFO – Who Can Invest?

This product is suitable for investors who are seeking*:

• Long Term Capital Appreciation;
• An actively managed thematic equity scheme that invests in stocks exhibiting momentum characteristics

How Will the Scheme Allocate Its Asset

• 80-100% in Equity & Equity related instruments of momentum theme
• 0-20% in Equity and Equity related securities of other Companies.
• 0-20% in Debt and Money Market instruments

Where Will the Scheme Invest?

The Scheme may invest its funds in the following securities:

• The corpus of the scheme shall be predominantly invested in equity and equity related instruments as may be permitted under the Regulations.
• Equity Derivatives are financial instruments, generally traded on an exchange, the price of which is directly dependent upon (i.e., “derived from”) the value of equity shares or equity indices.(Futures and Options).
• The Scheme may also invest in suitable investment avenues in foreign securities in overseas financial markets for the purpose of diversification, commensurate with the Scheme objectives and subject to necessary stipulations by SEBI / RBI.
• The Scheme may, with the approval of SEBI / RBI, where required invest in:

i. ADRs/ GDRs issued by Indian or foreign companies

ii. Equity of overseas companies listed on recognized stock exchanges overseas

iii. Initial and follow-on public offerings for listing at recognized stock exchanges overseas.

• Investment in Debt and Money Market Instruments such as Certificate of Deposit (CD), Tri-party Repo in Government Securities, Commercial Paper (CP), Repo / Reverse Repo and Treasury Bill (T-Bill).
• Securities created and issued by the Central and State Governments as may be permitted by RBI, securities guaranteed by the Central and State Governments, Non-convertible debentures and bonds, Floating rate debt instruments, Tri-party Repo (TREPS) through CCIL, 
• For the purpose of further diversification and liquidity, the Scheme may invest in another scheme managed by the same AMC or by the AMC of any other Mutual Fund without charging any fees on such investments, provided it is in conformity with the investment objectives of the Scheme and in terms of the prevailing SEBI Regulations.
• Pending deployment of funds as per the investment objective of the Scheme, the funds may be parked in short term deposits of the Scheduled Commercial Banks, subject to guidelines and limits specified by SEBI.
• The Fund Manager may invest in such any other security as may be permitted by RBI / SEBI from time to time and which are in line with the investment objectives of the Scheme.

Samco Active Momentum Fund NFO – SID (Scheme Information Document)

Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.

How to Invest?

Visit this page on the AMC website for further detail and investment.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.