NFO: SAMCO MF launches Large and Mid Cap Fund

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The New Fund Offer (NFO) will open on June 5, 2025, and close on June 19, 2025

Chandigarh: SAMCO Mutual Fund has announced the launch of its new open-ended equity scheme, the SAMCO Large & Mid Cap Fund, which will invest in both large-cap and mid-cap stocks using a momentum-based strategy. The New Fund Offer (NFO) will open on June 5, 2025, and close on June 19, 2025.

The scheme will follow SAMCO’s proprietary C.A.R.E. Momentum Strategy, which evaluates stocks based on four factors: Cross-sectional Momentum, Absolute Momentum, Revenue Momentum, and Earnings Momentum. According to the fund house, this framework aims to identify stocks showing sustained strength in both market performance and financial fundamentals.

As per SEBI guidelines for this category, the scheme will invest a minimum of 35% each in large-cap and mid-cap companies, selected from the top 250 listed firms by market capitalisation. The fund may also use tactical hedging and derivatives to manage volatility.

The fund will be benchmarked against the Nifty LargeMidcap 250 Total Returns Index (TRI) and jointly managed by Nirali Bhansali, Umeshkumar Mehta, and Dhawal G. Dhanani.

Speaking on the launch, Viraj Gandhi, CEO of SAMCO Asset Management, said the fund is intended to balance the stability of large caps with the growth potential of mid-cap companies. He added that the C.A.R.E. Momentum Strategy is designed to adjust to changing market conditions.

Umeshkumar Mehta, CIO at SAMCO MF, stated that the fund’s active strategy seeks to identify stocks with early signs of sustained momentum, aiming for alpha generation and better downside protection.

The minimum investment for the NFO is ₹5,000 for lump sum applications. Systematic Investment Plans (SIPs) start from ₹500 per month, with a minimum of 12 installments.