Samco Mutual Fund (MF) has introduced ‘ELSS Tax Saver Fund’, which the fund house has said will primarily invest in high quality medium and small sized companies that have high growth potential and long term. Can offer risk-adjusted returns over the period. Samco ELSS Tax Saver Fund will be a portfolio of Midcap and Smallcap businesses with a mandatory lock-in period of 3 years.
“To help investors invest in fundamentally strong businesses that have high potential to become the wealth creators of tomorrow, SAMCO ELSS Tax Saver Fund utilizes the HexaShield Framework, a proprietary strategy driven by technology, Which is to filter the investable universe of high quality efficient stocks. The fund management team analyzes the companies of this investable world to create a portfolio of growth-oriented businesses with high adjusted return on capital employed ,” the fund house said in a release.
It added that the volatility around holding mid-cap and small-cap businesses also smoothes out to a great extent in the 3-year time frame as compared to the 1-year period, therefore, an investor can invest higher by investing Can generate risk-adjusted returns. A fund that has investments in mid-cap and small-cap businesses by mandatorily holding the portfolio for at least 3 years.
Umeshkumar Mehta, CIO, Samco Asset Management said, “With Samco ELSS Tax Saver Fund, we are enabling an investor to avail tax savings under Section 80C and efficient growing Mid and Small for at least 3% – Gaining exposure to cap businesses. -Year time horizon. The idea is to enable an investor to be a part of India’s growth story through investments in medium and small sized leaders from niche sectors as these businesses are our can become the future drivers of country’s growth, taking them on an exponential compounding trajectory.”
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