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Samco Mutual Fund has launched Samco ELSS Tax Saver Fund. The fund will primarily invest in mid and small cap stocks.
Sharing the rationale, Umeshkumar Mehta, CIO, Samco MF said “The large-cap stocks you invest in today were also mid-caps sometime in the past and in this transition from being a mid-cap to a large-cap immense wealth has been created for an investor. With the fund, we are enabling an investor to avail the benefits of tax saving under Section 80C and get exposure to efficient growing mid and small-cap businesses for at least a 3-year time horizon.”
Viraj Gandhi, CEO, Samco MF said, “Samco MF endeavours to empower retail investors and provide solutions that allow them to make smarter decisions in their investment journey. Being true to Samco’s DNA of curating active innovative products, the ELSS fund would be investing predominantly in high-potential mid & smallcap companies.”
