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Samco ELSS Tax Saver Fund - Investment Objective, Fund Manager & Performance Details

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Learn about Samco ELSS Tax Saver Fund's investment approach, fund managers Nirali Bhansali & Umeshkumar Mehta, Samco AMC background, and investment suitability. Complete fund guide.

Investment Objective and Approach

The investment objective of the scheme is to generate long-term capital appreciation through investments made predominantly in equity and equity related instruments. Samco ELSS Tax Saver Fund aims to outperform benchmark by investing predominantly in high potential mid sized and small sized companies while you avail tax benefits under Section 80C of the Income Tax Act.

The fund follows a distinctive investment strategy with the following key features:

- 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 Scheme performance would be benchmarked against Nifty 500 Index TRI

- Samco ELSS Tax Saver Fund is an open ended Equity Linked Saving Scheme with a statutory lock-in of 3 years and tax benefit.

The fund leverages Samco's proprietary HexaShield testing 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.

Fund Managers

Nirali Bhansali (Lead Fund Manager)

Ms. Nirali Bhansali is a B.E., MBA. She started as a senior analyst at Samco Securities Ltd. and has been the Head of Equity Research. She has over 7 years of work experience with more than 5 years capital markets and investment research. Ms. Nirali Bhansali joined Samco Securities Ltd. as a senior analyst and later became the Head of Equity Research. She has more than seven years of work experience, including more than five years in capital markets and investment research, and she was instrumental in developing diversified long-term stock baskets for the Stock Basket product by delving into the business models and number crunching nitty-gritty of various Indian companies.

Umeshkumar Mehta (Co-Fund Manager)

Mr. Mehta is B.Com., C.A. Prior to Samco AMC, he headed Samco Group Research Team and managed Public Relations through regular interaction in Business Channels and Print Media. Umeshkumar Mehta manages AUM of ₹2,827.45 Cr with 20 years of experience.

About the Fund House (AMC)

Samco Asset Management Company is backed by Samco Securities Limited, a wealth technology start-up with a rich legacy in capital markets. The Samco Group made its debut in the capital markets in 1993 as Samruddhi Stock Brokers Limited, and in 2015, under the leadership of Jimeet Modi, Group CEO, it was rebranded as Samco Securities.

Key Highlights:

- The Samco Group is engaged in various sectors such as mutual fund distribution, stock broking, asset management, capital market lending, and advisory services.

- Samco MF is dedicated to offering products aimed at delivering superior risk-adjusted returns over the long term.

- Additionally, Samco Asset Management Company stands out as the first AMC in India to voluntarily disclose daily active shares, demonstrating its commitment to active asset management.

- Samco's mission is to provide retail investors access to sophisticated financial technology that can assist them in creating wealth at a lower cost.

- Total AUM: ₹2,827.45 Cr with 8 schemes

Key Financial Data (as of December 2024):

- NAV: ₹15.20 (Regular Plan), ₹15.66 (Direct Plan) as of Dec 13, 2024

- Expense Ratio: 2.34% (Regular Plan), 0.89% (Direct Plan)

- AUM: ₹119.99 Cr as of Dec 13, 2024

- Minimum Investment: ₹500 (Lumpsum and SIP)

Should I Invest in Samco ELSS Tax Saver Fund?

This fund may be suitable for investors who:

Ideal Investor Profile:

- 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.

- ELSS mutual funds are best suited for investors who understand equity asset class risk.

- Have a long-term investment horizon and seek exposure to mid and small-cap companies

- Want to combine wealth creation with tax savings under Section 80C

Investment Considerations:

- 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.

- These tax saver funds offer higher returns potential when compared to other tax saving schemes.

- The investor must have a three-year investment horizon to contemplate investing in ELSS funds.

- There is Nil entry/exit load on Samco ELSS Tax Saver Fund.

Tax Benefits:

- Invests predominantly in equity and equity related instruments and provide tax benefits under Section 80C of the Income Tax Act, 1961

- 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.

FAQs

What is today's NAV of Samco ELSS Tax Saver Fund?

The NAV changes daily based on market movements. You can check the current NAV on Allvest platform or the fund house website for real-time updates.

What is the AUM of Samco ELSS Tax Saver Fund?

The fund has an AUM of ₹119.99 Cr as of December 13, 2024.

What is the expense ratio of Samco ELSS Tax Saver Fund?

The expense ratio is 2.34% for Regular Plan and 0.89% for Direct Plan.

What are the returns of Samco ELSS Tax Saver Fund since inception?

Samco ELSS Tax Saver Fund Regular Growth has given a CAGR return of 12.82% since inception. Returns may vary for different plans and time periods.

What is the minimum SIP amount to invest in Samco ELSS Tax Saver Fund?

The minimum amount for application for an investor will be Rs. 500.

How do I invest in Samco ELSS Tax Saver Fund?

You can invest in this fund through Allvest platform by completing your KYC, selecting the fund, choosing investment amount and mode (SIP/Lumpsum), and making the payment.

How to start a SIP in Samco ELSS Tax Saver Fund?

Log in to Allvest, search for the fund, select SIP option, choose your investment amount and frequency, set up auto-debit from your bank account to automate monthly investments.

How do I automate an SIP in Samco ELSS Tax Saver Fund?

Through Allvest platform, you can set up auto-debit mandate with your bank to automatically deduct SIP amounts monthly from your savings account.

How can I withdraw/redeem my investment in Samco ELSS Tax Saver Fund?

ELSS funds have a mandatory 3-year lock-in period. After completion of 3 years from each investment date, you can redeem your units through Allvest platform or the fund house.