MUTUAL FUNDS
Samco Mutual Fund files offer document for Large Cap Fund
Dec-24-2024
Samco Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named 'Samco Large Cap Fund'. The New Fund Offer price will be Rs 10. Entry load will be nil and Exit load will be 10% of units can be redeemed without an exit load within 12 months of allotment. Any redemption in excess of such limit in the first 12 months will incur 1% exit load. No exit load, if redeemed or switched out after 12 months from the date of allotment of unit. The Scheme offers Growth Option only for investments and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty 100Total Returns Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio predominantly consisting of equity and equity related instruments of large cap companies.

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