Samco MF launches its 1st NFO
The ‘Samco Flexi Cap Fund’ will open for subscription on January 17 and close on January 31
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Hyderabad Samco Mutual Fund launched its first New Fund Offer (NFO) 'Samco Flexi Cap Fund.' The scheme will open for subscription on January 17 and close on January 31. The fund follows the 3E strategy to build a portfolio designed to generate a high risk adjusted return.
The scheme will invest only in efficient companies that have an ability to sustainably generate a high return in cash adjusted for voluntary growth expenditures. It will only invest in securities at efficient prices when the relative yield for stocks is reasonable with regard to rest of the comparative universe. The third pillar of the strategy is to maintain an efficient portfolio turnover aimed at reducing hidden dealing costs and improve performance.
The scheme will follow a growth investing strategy investing in Indian and global equities in a proportion of 65 per cent in Indian equities and 35 per cent in global Equities. The Fund will set new transparency and disclosure benchmarks with Industry-first disclosures.
Umesh Kumar Mehta, CEO of Samco Asset Management Pvt Ltd, said: "Unlike other funds, it only seeks to invest in Indian equities and global equities. No other assets like corporate debt, REITs, derivatives, etc are permitted which will allow the scheme to be a pure equity scheme. We are the first AMC to publish a Unit Holder's handbook which explains in detail how investors' money shall be managed."
