Samco ELSS Tax Saver Fund NFO Review

Updated on 16 Oct, 2023

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Samco to launch a new fund in the ELSS category: Samco ELSS Tax Saver Fund

Samco Mutual Fund is launching a new ELSS mutual fund, Samco ELSS Tax Saver Fund, that invests in high-quality mid-cap and small-cap companies while offering tax benefits under Section 80C of the Income Tax Act, 1961.

The New Fund Offer (NFO) period for the Samco ELSS Tax Saver Fund is from November 15^th 2022 to December 16^th 2022.

Objective

The fund’s primary objective is to generate long-term capital appreciation through investments made predominantly in equity and equity-related instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Fund Details

Samco ELSS Tax Saver Fund	Details
NFO Opening Date	November 15^th 2022
NFO Closing Date	December 16^th 2022
Type of Fund	Open-Ended Equity Linked Saving Scheme
Lock-in Period	3 Years
Fund Manager	Ms. Nirali Bhansali
Minimum Investment Amount	INR 500
Minimum Additional Purchase Amount	INR 500
Exit Load	Nil
Suitability	Very High
Benchmark	Nifty 500 Index TRI
Plans and Options	Regular Plan & Direct Plan

NOTE:

Minimum Additional Purchase Amount Should be Rs. 500 and in multiples of Rs. 500 thereafter.
Minimum SIP for monthly frequency is INR 500.

Fund Manager

Ms. Nirali Bhansali started out as a senior analyst at Samco Securities Ltd. and has been the Head of Equity Research. She has nearly 8 years of work experience with more than 6 years spanning capital markets and investment research and has been instrumental in preparing diversified long term baskets of stocks for the Stock Basket product by deep-diving into the business models and number crunching nitty gritties of varied Indian companies.

Other Funds Managed by Ms Nirali Bhansali

Samco Flexi Cap Fund

Asset Allocation

The following is the indicative asset allocation of the Samco ELSS Tax Saver Fund.

Types of Instruments	Indicative Allocation Minimum	Indicative Allocation Maximum	Risk Profile
Equity and Equity related instruments	80%	100%	High to Very High
Debt and Money Market instruments	0	20%	Low to Medium

Frequently Asked Questions

How Can I Invest in the Samco ELSS Tax Saver Fund NFO?

You can invest in the Samco ELSS Tax Saver Fund through any of the following methods:
Offline: By filling out the Samco NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or Samco mutual fund office.
Online:
1. Samco Mutual Fund Website
2. Online FinTech platforms and mutual fund platforms
3. Through Demat account
4. Through a mutual fund distributor or agent

Is Samco ELSS Tax Saver Fund risky?

Yes, it is a high-risk investment based on the riskometer. Samco ELSS Tax Saver Fund is a pure equity mutual fund that invests across high-quality mid-cap and small-cap companies. Thus, the ELSS fund falls under the very high-risk category. However, the ELSS scheme offers tax benefits under Section 80C of the Income Tax Act, 1961.

Is there a lock-in period for Samco ELSS Tax Saver Fund?

Yes, Samco ELSS Tax Saver Fund has a 3-year lock in period. The fund units can be sold only after the lock-in period.

Who can invest in Samco ELSS Tax Saver Fund?

Investors looking for tax-saving mutual funds and are comfortable with the lock-in period of 3 years and high-risk investments can consider investing in the Samco ELSS tax saver fund.