Samco Mutual Fund files draft with Sebi for a large cap fund
Samco Mutual Fund has filed a draft document with Sebi for a large cap fund. Samco Large Cap Fund will be an open-ended equity scheme predominantly investing in large cap stocks.
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The investment objective of the scheme will be 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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The scheme will be benchmarked against Nifty 100 TRI. It will be managed by Nirali Bhansali, Umeshkumar Mehta, and Dhawal Ghanshyam Dhanani.
The large cap scheme will offer regular and direct plans both with growth options only. 10% of units can be redeemed without an exit load within 12 months of allotment. Any redemption in excess of such a 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.
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