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News Samco Mutual Fund launches Samco ELSS Tax Saver Fund
Nov 15, 2022
Mutual Fund
Samco Mutual Fund launches Samco ELSS Tax Saver Fund
NFO period: 15th November - 16th December, 2022
Highlights of the NFO:
- Scheme type - An open-ended Equity Linked Saving Scheme with a statutory lock in of 3 years and tax benefit
- Investment objective - The investment objective of the scheme 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.
- Product suitability - The product is suitable for investors who are seeking Long Term Capital Appreciation by investing predominantly in equity and equity related instruments and provide tax benefits under Section 80C of the Income Tax Act, 1961.
- Minimum Application Amount - First investment is Rs. 500/- and in multiples of Rs. 500/- thereafter
- Plan/ Options available - Direct Plan and Regular Plan. Each plan offers growth option only.
- Fund Managers - Mrs. Nirali Bhansali (Fund Manager - Equity)
- Benchmark - Nifty 500 Index TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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