Samco Active Momentum Fund NFO
NFO opens on June 15, 2023
NFO will close on June 29, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The Scheme 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
Basic Details
Fund House | Samco Mutual Fund |
Issue Open | 15 June 2023 |
Issue Close | 29 June 2023 |
Type | Open-ended |
Category | Equity: Thematic |
Min. Investment(₹) | 5,000 |
Plans | Growth |
Lock-in Period | NA |
Exit Load | 2% for redemption within 365 days |
1% for redemption between 366 – 730 days | |
Riskometer | Very High |
Benchmark | NIFTY 500 TRI |
About Benchmark Index
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
Price Return | 4.55 | -1.48 | 2.95 | 9.89 | 10.08 |
Total Return | 4.58 | -1.35 | 4.04 | 11.13 | 11.81 |
Statistics ## | 1 Year | 5 Years | Since Inception |
Std. Deviation * | 14.00 | 18.75 | 22.70 |
Beta (NIFTY 50) | 0.98 | 0.95 | 0.93 |
Correlation (NIFTY 50) | 0.98 | 0.99 | 0.95 |
Fundamentals
P/E | P/B | Dividend Yield |
21.82 | 3.98 | 1.38 |
Top constituents by weightage
Company’s Name | Weight(%) |
Reliance Industries Ltd. | 6.88 |
HDFC Bank Ltd. | 6.25 |
ICICI Bank Ltd. | 5.38 |
Housing Development Finance Corporation | 4.23 |
Infosys Ltd. | 3.76 |
ITC Ltd. | 3.15 |
Tata Consultancy Services Ltd. | 2.77 |
Larsen & Toubro Ltd. | 2.4 |
Kotak Mahindra Bank Ltd. | 2.39 |
Axis Bank Ltd. | 1.98 |
Study about Benchmark Index in details
Fund Manager
1) Paras Matalia
Education: Nil
Experience: Nil
Past Performance of his Schemes
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Guidance for Samco Active Momentum Fund NFO by Paresh Gordhandas, C.A., Research Analyst.
SAMCO AMC has launched India’s first actively managed momentum fund – SAMCO Active Momentum Fund. Leveraging the persistent and globally acclaimed momentum anomaly in finance, this fund aims to deliver exceptional risk-adjusted returns to investors, tapping into the immense potential of momentum investing in the Indian market.
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.
If the FM has skills of picking up really growth scrips and of identifying momentum scrips, such fund may generate returns much higher than the benchmark index.
WE do not have much information about education and experience of the FM Mr. Paras Matalia. So we cannot comment on his past performance and investment-skills.
Considering above positive and negative aspects, you may investment small amount in the NFO.
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