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Samco Mutual Fund has reopened subscription of its SAMCO Active Momentum Fund. The fund house restricted fresh inflows post its NFO in July 2023.
The fund aims to deliver returns for investors by applying a proprietary model to select stocks with momentum characteristics.
In a press release, Umeshkumar Mehta, Chief Investment Officer (CIO), Samco MF said, “Markets have entered a phase of slower momentum and increased volatility in the wake of upcoming local and global events. We want to use this opportunity to raise gunpowder (i.e. cash) so that when markets begin to accelerate, we are positioned to deploy efficiently to create superior wealth for our investors.”
Viraj Gandhi, CEO, Samco MF, said, “We strongly believe that momentum strategies should be a part of core portfolio allocations of investors seeking wealth creation. In India, active style of momentum investing continues to hold significant potential and offers tremendous advantages. We are pleased to offer investors another chance to participate in this strategy.”
