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Samco Mutual Fund (MF) has launched Samco Active Momentum Fund, an open-ended equity scheme following momentum theme. The NFO opens for subscription on June 15, 2023 and closes on June 29, 2023. The Entry load is nil for the scheme. The Exit load will be 2.00%, if the investment is redeemed or switched out on or before 365 days from the date of allotment of units and 1.00%, if the investment is redeemed or switched out after 365 days but on or before 730 days from date of allotment of units. No Exit Load will be charged if investment is redeemed or switched out after 730 days from the date of allotment of units. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against Nifty 500 TRI and its fund managers are Paras Matalia and Dhawal Ghanshyam Dhanani.

The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in stocks showing strong momentum. Momentum stocks are such that exhibit positive price momentum – based on the phenomenon that stocks which have performed well in the past relative to other stocks (winners) continue to perform well in the future, and stocks that have performed relatively poorly (losers) continue to perform poorly.