Samco MF introduces Multi Asset Allocation Fund
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Samco Mutual Fund has launched Samco Multi Asset Allocation Fund, an open-ended scheme investing in Equity, Fixed Income, Exchange Traded Commodity Derivatives / Units of Gold ETFs / Silver ETFs & units of REITs/ InvITs. The NFO opens for subscription on December 04, 2024 and closes on December 18, 2024. The Entry Load is not applicable for the scheme. The Exit Load: 10% of units can be redeemed without an exit load within 12 months of allotment. Any redemption in excess of such limit in the first 12 months will incur 1% exit load. No exit load, if redeemed or switched out after 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 at 65% Nifty 50 TRI + 20% CRISIL Short Term Bond Fund Index + 10% Domestic Price of Gold and 5% Domestic Price of Silver and its fund managers are Nirali Bhansali, Umeshkumar Mehta and Dhawal Ghanshyam Dhanani.
The investment objective of the scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, debt and money market instruments, Exchange Traded Commodity Derivatives / Units of Gold ETFs, Silver ETF & units of REITs/InvITs.
