Samco Mutual Fund has launched its first scheme Samco Flexi Cap Fund.
In a press release, Jimeet Modi, Founder and Director of Samco MF said, “The fund is designed as a truly active fund and will aim and endeavour to maintain a high active share. This will ensure that investors get their money's worth and a truly differentiated fund when they pay an active asset management fee.”
Umesh Kumar Mehta, CEO of Samco MF said, “The fund will have 25 stocks. Further, investors get exposure to high growth global names and yet since 65% of portfolio will be Indian equities, the applicable taxation would be that of long-term capital gains for equities i.e., 10% after 1 year. This works as a great optimal structure for investors. Also, we are proud to be the first AMC to publish a Unit Holder’s handbook, which explains in detail how investors’ money will be managed. This ensures transparency of process and helps investors have clear expectations from the fund.”
Nirali Bhansali, Equity Fund Manager of the SAMCO Flexi Cap Fund said, “We will follow simple 3-step buy and hold strategy that will invest in some of the world’s fast growing and capital efficient companies that can compound capital over the long term. Investors will get exposure to high growth companies globally since the fund shall invest 35% of its assets in global stocks.”
