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Samco Mutual Fund has received over Rs.400 crore during the NFO of its Active Momentum Fund, an open-ended thematic scheme.
In a press release, Viraj Gandhi, CEO of Samco Mutual Fund said that over 25,000 investors have invested in the fund during NFO. He said, “This tremendous achievement was made possible through the support of over 1900 MFDs."
The fund aims to deliver risk-adjusted returns by momentum investing in the Indian market.
Paras Matalia is the fund manager of this scheme.
