The new fund offer or NFO of the scheme will open for subscription on May 17 and will close on May 31.
The fund is designed to capitalise on identifying the market opportunities, aiming for long-term capital growth through undervalued or overlooked opportunities, according to a press release by the fund house.
The scheme will be benchmarked against Nifty 500 – TRI. The scheme will be managed by Umeshkumar Mehta, Paras Matalia, and Dhawal G. Dhanani.
The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter. The minimum application amount for additional purchase is Rs 500 and in multiples of Re 1 thereafter.
An exit load of 2% will be applicable if investment is redeemed or switched out on or before 365 days from the date of allotment of units. No exit load will be charged if investments is redeemed or switched out after 365 days from the date of allotment of units.“At SAMCO Mutual Fund, our mission is to empower investors with cutting-edge and reliable financial solutions. Dynamism and adaptability are at the core of the Samco Special Opportunities Fund. Our fund exemplifies dynamic flexibility, crucial for navigating the ever-changing landscape of sectors and themes in the investment world,” said Viraj Gandhi, CEO of Samco Mutual Fund.“Tax efficiency is another cornerstone of the Samco Special Opportunities Fund,” adds Umeshkumar Mehta, CIO of Samco Mutual Fund.
He added, “By managing thematic investments internally, we aim to prevent the tax implications associated with the frequent buying and selling of different thematic funds by investors. This approach minimizes additional tax burdens, potentially enhancing overall returns by avoiding the tax drag that can occur with individual transactions in thematic funds.
The fund offers a diversification advantage by spreading investments across various sectors and themes, mitigating the risk associated with investing in specific thematic or sectoral funds. This approach ensures a broader exposure to potential growth opportunities, reducing the risk concentration and offering a balanced investment portfolio, which is crucial for managing and diversifying investment risk effectively.
