Our strategy endeavours to invest in only the most efficient companies. Samco's HexaShield tested framework strictly defines and quantifies the definition of a high-quality business. Our investable universe
Even for the highest quality companies, there will be a valuation at which they are no longer attrac-tive investments which
Many investors are unaware of precisely how much they are being charged for their investment activity, so let’s have a look at the costs the average investor might incur.
It is a thematic fund that invests in stocks that exhibit momentum characteristics and sell those stocks when those stocks lose momentum.
Momentum works dues to behaviour biases of the investors in the financial markets. Investors are not always rational, they have limits to their control over emotions and are influenced by their own biases such as loss aversion, regret, anchoring and disposition biases. Because of all these human biases, there exists an opportunity in the momentum space which is more consistent and time tested strategy to make an alpha in the stock market.
It is a strategy to invest in winning stocks which are 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. The momentum strategy is based on buy high, sell higher or alternatively, cut your losses and let your winners run.
The scheme shall invest in stocks that exhibit momentum characteristics across market capitalisations i.e. Large Caps, Mid-Caps, Small Caps and Micro Cap companies. The fund intends to benefit from momentum in stock prices from short to medium term time frame. The fund makes trades based on trading signals generated by our intelligent algorithm. This algorithm has been developed by studying years of market data including price, volume, volatility, open interest, breakouts, relative strengths and correlations with appropriate weights on various data points. The Momentum investing is based on that gap in time that exists before mean reversion occurs. Momentum is usually seen in the short- to intermediate-term.
The universe for this fund will be Nifty 750 i.e. Nifty500 stocks and Nifty Micro cap 250 stocks.
There is no restriction on number of stocks in the fund. The scheme will hold stocks that are in momentum as deemed fit by the fund manager.
No, this scheme comes under the Distinctive Patterns Strategies which will have its own framework. This scheme does not heavily rely on quality of financials and has more emphasis on price, volume, breakouts and other technical indicators.
Nifty500 TRI will be the benchmark of the scheme.
In order to invest in this fund the investor needs a minimum amount of:
Lump sum: ₹5,000 & in multiples of ₹1 thereafter
Systematic investment plan (SIP): ₹ 500 & in multiples of ₹1 thereafter
(Subscriptions in this scheme shall be accepted during NFO & be restricted post NFO until further notice.)
Samco Flexi Cap Fund is suitable for all investors who want to invest in equity markets for a minimum period of 3 years and are looking to own efficient businesses across the globe.
Samco Flexi Cap Fund's performance would be benchmarked against NIFTY500 TRI. Please understand that the performance of the benchmark is a broad measurement of the changes in the stock markets. It is to be used only for comparative purposes only and in no way indicates the potential performance of the Samco Flexi Cap Fund.
Resident adult individuals either singly or jointly (not exceeding three) or on an Anyone or Survivor basis; 2. Hindu Undivided Family (HUF) through Karta; 3. Minor (as the first and the sole holder only) through a natural guardian (i.e. father or mother, as the case may be) or a court appointed legal guardian. There shall not be any joint holding with minor investments; 4. Partnership Firms including limited liability partnership firms; 5. Proprietorship in the name of the sole proprietor; 6. Companies, Bodies Corporate, Public Sector Undertakings (PSUs), Association of Persons (AOP) or Bodies of Individuals (BOI) and societies registered under the Societies Registration Act, 1860(so long as the purchase of Units is permitted under the respective constitutions); 7. Banks (including Co-operative Banks and Regional Rural Banks) and Financial Institutions; 8. Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as "Public Securities" as required) and Private trusts authorised to invest in mutual fund schemes under their trust deeds; 9. Non-Resident Indians (NRIs) / Persons of Indian origin (PIOs)/ Overseas Citizen of India (OCI) residing abroad on repatriation basis or on non repatriation basis; 10 Foreign Institutional Investors (FIIs) and their sub-accounts registered with SEBI on repatriation basis; 11. Army, Air Force, Navy and other paramilitary units and bodies created by such institutions; 12. Scientific and Industrial Research Organizations; 13. Multilateral Funding Agencies / Bodies Corporate incorporated outside India with the permission of Government of India / RBI; 14. Provident/ Pension/ Gratuity Fund to the extent they are permitted; 15. Other schemes of Samco Mutual Fund or any other mutual fund subject to the conditions and limits prescribed by the SEBI (MF) Regulations; 16. Schemes of Alternative Investment Funds; 17. Trustee, AMC or Sponsor or their associates may subscribe to Units under the Scheme; 18. Qualified Foreign Investor (QFI) 19. Such other person as maybe decided by the AMC from time to time. The list given above is indicative and the applicable laws, if any, as amended from time to time shall supersede the list.
We are only investing in the high-quality efficient businesses and we try to invest in them at an efficient price and hence it is assumed that we will not have to make too many changes in the portfolio
It will have 25 of the best businesses across the globe with at least 65% of businesses from India and 35% from across the globe.
It is simple 3-step strategy that we follow at the fund level -
Voluntary dealing cost is something that is deducted from the NAV and occurs due to excessive turnover or changes in the portfolio of the fund. Samco Flexi Cap aims at keeping this cost to a minimum by reducing the change in the portfolio
The Foreign Account Tax Compliance Act (FATCA) is a United States Federal Law, aimed at prevention of tax evasion by United States taxpayers through use of offshore accounts. The provisions of FATCA essentially provide for 30% withholding tax on US source payments made to Foreign Financial Institutions unless they enter into an agreement with the Internal Revenue Service (US IRS) to provide information about accounts held with them by USA persons or entities (firms/companies/trusts) controlled by USA persons.
Equity Linked Saving Scheme (ELSS), also known as tax-saver fund, is an open ended Equity mutual fund scheme that invest primary in equity related products. However, these ELSS mutual funds have a three-year mandatory lock in term, which is the shortest lock in period if compared to all other products that are available under Section 80C of the Income Tax Act, 1961.
Investors who wish to invest for a minimum of 3 years and are looking for higher return potential, plus the added benefit to save tax under section 80C can invest in ELSS Tax Saver Fund. At the same time, the investors should also prepare for a certain amount of risk attached to it. This is because of the equity exposure in the portfolio. Therefore, ELSS mutual funds are best suited for investors who understand equity asset class risk. These tax saver funds offer higher returns potential when compared to other tax saving schemes.
The following are the critical factors that must be considered by investors before they invest in ELSS Tax saver fund:
Yes, ELSS has a lock-in period of three years. This means one cannot withdraw their money before the said tenure ends. However, ELSS has the shortest lock-in period as compared to other similar tax-saving investments currently such as 5-year Fixed Deposits (five years), National Savings Certificate (five years), Public Provident Fund (15 years), etc.
The redemption proceeds of ELSS are not entirely tax-free. The long-term capital gains of up to Rs 1,00,000 a year are tax-free, and any gains above this limit attract a long-term capital gains tax at the rate of 10% plus applicable cess and surcharge.
The investment objective of the scheme is to generate long-term capital appreciation through investments made predominantly in equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
The Fund's strategy will endeavor to have a predominantly higher allocation to mid and small cap companies which will be selected through focusing on the fundamentals of the business, the industry structure, the quality of management, sensitivity to economic factors, the financial strength of the company and the key earnings drivers. The scheme will invest in about 30-40 scripts to ensure adequate diversification and reduced risk.
The following persons (subject to, wherever relevant, purchase of Units of mutual funds, being permitted under respective constitutions, and relevant statutory regulations) are eligible and may apply for Subscription to the Units of the Scheme:
The above list of persons in category 4 to 18 are not eligible for tax benefits under Section 80 C of the Income-tax Act, 1961 but are entitled to subscribe to units.
The minimum amount for application for an investor will be Rs. 500.
There is Nil entry/exit load on Samco ELSS Tax Saver Fund.
The Scheme performance would be benchmarked against Nifty 500 Index TRI
It is a proprietary framework using AI / ML technology that tests 6 important factors of businesses under various situations. It is not just a back-testing mechanism, but also does scenario analysis to see how a business would do under extreme pressure.
All manufactured products go through thorough quality tests before they ever reach the customers. We are the first fund house to apply the same level of quality testing to our investment processes so that our investor’s money is invested in the high quality efficient companies
They broadly exhibit two attributes -
We have analysed over 67,000 global companies and out of these companies only ~125 companies pass the HexaShield testing framework.
SAMCO’s Timer Systematic Transfer Plan (TimerSTP / TSTP) is a solution wherein unit holder(s) can choose to transfer variable amount(s) from ‘Source Scheme’ to the ‘Target Equity Scheme’ at pre-defined intervals. TimerSTP will invest more when the markets are attractive and below their intrinsic value, similarly invest less when the markets are high and expensive. The amount(s) of transfer to the Target Scheme will be linked to the Equity Margin of Safety Index (EMOSI) as computed by the AMC on the date of respective transfer.
An investor must maintain minimum balance/ investment of Rs. 25,000/- in the opted source scheme at the time of registration of TimerSTP.
The Base Installment Amount is the installment amount that is mentioned while registering for TimerSTP. Minimum base instalment amount is Rs 1000 and in multiples of Re 1, but this is bare minimum amount, however it is recommended to mention base installment as 1/12 of the total amount to be transferred to the Target Equity Scheme. The processing of installment amount will be based on opted date/ day of multiplier of EMOSI value in case the base computation amount is less than Rs. 100, then the installment will be considered as Rs. 100. If arrived amount is in decimals the same will be rounding off in nearest rupee. For example, if an investor has invested Rs. 120,000 in source scheme, he can mention Rs. 10,000 (1/12 of target investment in the Equity Scheme) as base installment for monthly frequency of TimerSTP.
The Multiplier is the “Number of Times” of the installment amount to be transferred to target equity scheme. It will be within the range of “0.01X” to “6X” of the base installment. For example, If Investor registered TimerSTP with the base installment of Rs. 10,000, the multiplier amount can be from Rs. 100 (0.01X multiplier) to Rs. 60,000 (6X multiplier).
The amount of transfer to the target equity scheme is based on the latest Equity Margin of Safety Index (EMOSI) levels which is a proprietary model of Samco Asset Management Pvt Limited (the AMC). However, in any case the TimerSTP instalment amount will not exceed 6x of the base instalment amount as per the multiplier selected.
Equity Margin of Safety Index (EMOSI) levels computed by the AMC is a proprietary model of Samco Asset Management Pvt Limited (the AMC). The EMOSI is derived by assigning different weights such as Price to Earnings (PE), G-sec yields, moving average divergences and / or other fundamental and technical factors as may be determined by the AMC from time to time.
The investors have option of Weekly, Monthly and Quarterly frequency for transfer of funds from the eligible source schemes to eligible target equity schemes.
In such a case the TimerSTP will be registered (the default) till December 31, 2099.
Target Amount is the maximum amount the investor wishes to transfer from the Source Scheme to the Target Equity Scheme. When the cumulative installments through the TimerSTP reaches the Target Amount, TimerSTP will automatically cease.
No. The Investors may choose (1) Target Amount or (2) No of installments or (3) End date in the form. If this information is not provided / incomplete, the TimerSTP will be registered by default till 31-Dec-2099.
|EMOSI value||Multiplier on Base Instalment amount to be transferred||EMOSI value||Multiplier on Base Instalment amount to be transferred|
Note: In case multiplier on base computation amount is less than Rs. 100, then the installment will be considered as Rs. 100. The TimerSTP transactions will be executed based on latest day EMOSI value available.
In TimerSTP, the minimum value of the installment can be 0.01X times multiplier of the base installment amount (i.e. when the margin of safety is the least) or Rs. 100 whichever is higher and can go up to 6X times multiplier of the base installment amount (i.e. when the margin of safety is the most).
Minimum number of installments in all frequencies will be 12.
Only one registration per target equity scheme in a folio would be allowed. In case of any existing registration (normal STP or TimerSTP) then new registration request shall be rejected.
Yes. Multiple TimerSTPs from the same source scheme to a different Target Equity Scheme would be allowed.
No. Only one registration per target equity scheme in a folio would be allowed. In case of any existing registration (normal STP or TimerSTP) then new registration request shall be rejected.
If the outstanding balance in the source scheme in investor’s folio is less than the amount to be transferred on the date of TimerSTP, the amount so transferred will be restricted to the balance available. In case of nil balance in the Source Scheme, TimerSTP installment for that particular due date will not be processed and TimerSTP will cease upon five consecutive unsuccessful transactions.
No, the Target Equity Scheme cannot be changed during the period. If Investor wants to change the Target Scheme, existing STP/TimerSTP to be cancel and register a new TimerSTP.
Investor can redeem existing holding from source scheme however, if the outstanding balance in the source scheme in investor’s folio is less than the amount to be transferred on the date of TimerSTP, the amount so transferred will be restricted to the balance available. In case of nil balance in the Source Scheme, TimerSTP installment for that particular due date will not be processed and TimerSTP will cease upon five consecutive unsuccessful transactions.
Investor can redeem existing holding from target scheme.
Yes, Investor can cancel TimerSTP by giving 7 (seven) business days prior request of the instalment date. The cancelation request can be submitted any of the to the Investor Service Centres.
Under Normal STP, a fixed amount is invested at the pre-defined intervals irrespective of the market conditions, whether the market is at peak or bottom.
However, under TimerSTP, a variable amount is invested will be linked to the EMOSI as computed by the AMC on the date of respective transfer.
Here's an illustration of how a transfer will be made from Source Scheme to Target Scheme:
For example, if the EMOSI on November 10, 2022, is 115, matrix defines a transfer of 2.75x of the base instalment amount. (1,000 *2.75), Rs. 2,750 will be transferred from Samco Overnight Fund with the applicable NAV of 10th November 2022 and invested in Samco Flexi Cap Fund with applicable NAV of 11th November 2022.
For example, if the EMOSI on December 10, 2022, is 90, matrix defines a transfer of 0.5x of the base instalment amount (1,000*0.5), Rs. 500 will be transferred from Samco Overnight Fund with the applicable NAV of 10th December 2022 and invested in Samco Flexi Cap Fund with applicable NAV of 11th December 2022.
Yes, however the registrations will done only till the date of minor attaining majority, even if the instructions may be for a period beyond that date. After attaining majority, the investor is required to re-register for TimerSTP.
No, TimerSTP will not be registered if the source scheme units are held in demat mode.
(An open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks)
This product is suitable for investors who are seeking* :
**Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investors understand that their principal willbe at very high risk
Mutual fund investments are subject to market risks, read all scheme related documents carefully.