Clickable arrow icon In this article
3 Mins

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 15th 2022 to December 16th 2022.


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 FundDetails
NFO Opening DateNovember  15th 2022
NFO Closing DateDecember 16th 2022
Type of FundOpen-Ended Equity Linked Saving Scheme
Lock-in Period3 Years
Fund ManagerMs. Nirali Bhansali
Minimum Investment AmountINR 500
Minimum Additional Purchase AmountINR 500
Exit LoadNil
SuitabilityVery High
BenchmarkNifty 500 Index TRI
Plans and OptionsRegular Plan & Direct Plan


  • 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

Asset Allocation

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

Types of InstrumentsIndicative Allocation MinimumIndicative Allocation MaximumRisk Profile
Equity and Equity related instruments80%100%High to Very High
Debt and Money Market instruments020%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.
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.