Samco MF launches its first new offering – Flexi Cap Fund

The scheme will open for subscription on January 17 and close on January 31.

The fund manager of the scheme will be Nirali Bhansali and the dedicated fund manager for foreign investment will be Dhaval Dhanani.

Flexi-caps are a new category of mutual funds, which invest at least 65% of their corpus in equities. In this category, the fund manager has the flexibility to take exposure in large-cap, mid-cap and small-cap segments without any restrictions. These funds invest money across the entire market capitalization.

As per the fund house, Samco Flexi Cap Fund will try to create wealth for the investors by using a 3E step strategy; Investing in efficient companies at an efficient price and maintaining cost efficient.

In addition, the scheme will follow a growth investment strategy investing in Indian and global equities in the ratio of 65% (Indian equities) and 35% (global equities).

Commenting on the fund launch, Jimeet Modi, Founder and Director, Samco Asset Management Pvt Ltd said, “The fund is designed to be a truly active fund and will aim and strive to maintain a high active share. This will ensure that investors get their money’s worth and truly differentiated funds when they pay the active asset management fee. This is a refreshing change in a world where closet indexing has become mainstream.”

Broker and mutual fund distributor Samco entered the mutual fund business in September last year. According to Modi, unlike ‘index hugging’, the USP of the fund will be active management, which is followed by many actively managed funds.

According to the company. It is the first mutual fund in India to transparently disclose all voluntary transaction costs.

Voluntary transaction costs are all expenses incurred by the fund manager for buying and selling, excluding expenses incurred for involuntary transactions such as fund inflows/outflows.

“It will be calculated as a percentage of AUM. This will help investors calculate the total cost of investment which is the sum of TER and voluntary transaction cost.”