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Samco Mutual Fund has filed offer document with SEBI to launch an open-ended dynamic asset allocation fund named ‘Samco Balanced Advantage Fund’. The New Fund Offer price is Rs 10. Entry load will be nil and 25% of the units allotted may be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units; Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load; 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units; exit load Nil, if redeemed or switched out after completion of 12 months from the date of allotment of unit. The Scheme offers dividend and growth option and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme is benchmarked by NIFTY50 Hybrid Composite Debt 50: 50 Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, fixed income   instruments, foreign securities and units of REITs, INVITs. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation while managing downside risk.