Samco Mutual Fund launches Samco Flexi Cap Fund

Samco Mutual Fund has announced the launch Samco Flexi Cap Fund. This is the first mutual fund offering from the fund house. The NFO of the scheme will open on January 17 and will close for subscription on Jan 31.

The fund will be managed by Nirali Bhansali and the dedicated fund manager for overseas investments shall be Dhawal Dhanani.

According to the press release, Samco Flexi Cap Fund will follow the 3E strategy to build a portfolio. That is, Invest in Efficient Companies; At an Efficient Price and maintain an Efficient portfolio turnover and cost.


Commenting on the launch Umesh Kumar Mehta, CEO of Samco Asset Management said, “SAMCO FlexiCap Fund is a unique and a pure equity fund in the Flexi Cap Category by its design. Unlike other funds, it only seeks to invest in Indian Equities and Global Equities. No other assets like corporate debt, REITs, derivatives, etc are permitted which will allow the scheme to be a pure equity scheme. It’s 25 stock portfolio construction strategy ensures that investors enjoy benefits of reasonable concentration and diversification unlike other strategies which may be overly diversified. Further, investors get exposure to high growth global names and since 65% of portfolio will be Indian equities, the applicable taxation would be that of long-term capital gains for equities i.e., 10% after 1 year. This works as a great optimal structure for investors."

Nirali Bhansali, Equity Fund Manager of the SAMCO Flexi Cap Fund said, “We have constructed the SAMCO FlexiCap fund as a simple 3-step buy and hold strategy that shall invest in some of the worlds fast growing and capital efficient companies that can compound capital over the long term. Investors will get exposure to high growth companies globally since the fund shall invest 35% of its assets in global stocks. Further, since the strategy is designed to reduce the portfolio turnover, we shall endeavor to have low voluntary dealing costs so that Investors total cost of investment is reasonable. We are excited to set new standards with our disclosures on active share as well voluntary dealing costs.”