NFO Alert: SAMCO Mutual Fund Debuting Large Cap Stock
SAMCO Mutual Fund has launched the Samco Large Cap Fund. It is an open-ended equity scheme that focuses on investing in large-cap funds. It aims to deliver long-term capital appreciation by investing in the top 100 large-cap companies.
Key Details of the Fund
- The scheme is open for subscription from March 5 and will close on March 19.
- The fund will be managed by Umeshkumar Mehta, Dhawal Ghanshyam Dhanani and Nirali Bhansali.
- For SIP, the minimum investment amount is Rs.500 with at least 12 installments, and for lumpsum investment, the amount is Rs.5,000.
- Samco Large Cap Fund is benchmarked against the Nifty 100 Total Returns Index (TRI)
Large-cap funds are mutual funds that invest in companies with large market capitalization. These are the companies with a market capitalization above Rs.20,000 crore. They are financially stable and they have a good record of their performance. Large-cap funds are often preferred by investors due to their stability, reliability, and lower risk as compared to small-cap and mid-cap funds.
CIO of SAMCO Asset Management Umeshkumar Mehta has stated that large-cap companies offer stability and long-term wealth creation. SAMCO takes an active approach to investing, meaning they carefully select stocks that are performing well instead of just following the market. With a careful and disciplined strategy, SAMCO makes sure they balance potential gains with managing risk to get the best possible returns.
