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Samco Mutual Fund (MF) has launched Samco Dynamic Asset Allocation Fund, an open-ended dynamic asset allocation fund. The NFO opens for subscription on December 07, 2023 and closes on December 21, 2023. The Entry is not applicable for the scheme. The Exit Load: 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 and nil -if redeemed or switched out after completion of 12 months from the date of allotment of unit. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.

The performance of the scheme will be benchmarked against NIFTY50 Hybrid Composite Debt 50: 50 Index and its fund managers are Paras Matalia (equity portion), Umeshkumar Mehta (equity portion), Abhiroop Mukherjee (Debt Portion) and Dhawal Ghanshyam Dhanani (overseas investments).

The investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, fixed income instruments and foreign securities. 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