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.
|Samco ELSS Tax Saver Fund||Details|
|NFO Opening Date||November 15th 2022|
|NFO Closing Date||December 16th 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|
|Benchmark||Nifty 500 Index TRI|
|Plans and Options||Regular 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.
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
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
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
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.
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.
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.