SAMCO Launches Active Momentum Fund; NFO Begins On June 15 The fund will be managed by Paras Matalia, who will oversee the fund's investment decisions and work towards maximizing returns for investors

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Investment management firm, SAMCO Asset Management Private Limited, has announced the launch of an actively managed momentum fund - SAMCO Active Momentum Fund. According to an official release, the fund aims to deliver exceptional risk-adjusted returns to investors, tapping into the immense potential of momentum investing in the Indian market.

It also added that Samco Active Momentum Fund will select stocks with momentum characteristics such as breakouts, price leadership, and more, deploying a proprietary momentum-seeking algorithm. The fund will be managed by Paras Matalia, who will oversee the fund's investment decisions and work towards maximizing returns for investors.

"Historically, the momentum factor, or the phenomena based on persistence of stock price trends has been one of the strongest return generators. In Momentum investing, active management offers several unique advantages such as a wider investable universe, quicker rebalancing and hedging flexibility during periods of anti-momentum. By investing in stocks exhibiting momentum characteristics, we aim to offer our investors the potential for superior risk-adjusted returns," said Umesh Kumar Mehta, chief investment officer (CIO), SAMCO Asset Management Private Limited.

As per the company's statement, the New Fund Offering (NFO) from SAMCO Active Momentum Fund commences on June 15, 2023, and concludes on June 29, 2023. During this period, investors can position their portfolios to benefit from the Momentum factor. An important point for the investors to keep in mind is that the subscriptions will not be accepted after the NFO period until further notice. Furthermore, only those Systematic Investment Plans (SIPs) registered during the NFO period will be accepted, with fresh SIP registrations will temporarily be restricted post NFO until further notice.

Also, the benchmark index for the fund is Nifty 500 Index TRI. The fund's minimum application amount is INR 5,000 and the minimum Systematic Investment Plan (SIP) amount is INR 500.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics


5 Essential Tips on How to Be a Great Manager

Here are five key tips that will help you become an effective and successful manager.

Business News

JPMorgan CEO Jamie Dimon Says AI 'Is Real' and Will Eliminate the 5-Day Work Week. Here's How His Company's Going All In.

The financial services firm advertised for thousands of AI-related roles earlier this year.

Personal Finance

Save an Additional $20 on Tykr Stock Screener for a Limited Time

This screener can help you manage investments better.

Business News

Marketing Company Sues Elon Musk's X Corp for Twitter Rebrand That Caused 'Serious Irreparable Harm' to Its Business

X Social Media claims that X Corp's rebrand has caused consumer confusion and harmed its brand, which has used "X" in its name since 2016.

Employee Experience & Recruiting

You're the Reason Your Sales Reps Quit. Here's What to Do About It.

Turnover is a crushing problem for sales teams. Here's how you're contributing and what to do about it.

Growing a Business

Free Webinar | October 24: Grow Your Local Business With These Low-Cost Marketing Tricks

Whether you're a small business owner, marketer, or entrepreneur, our exclusive webinar will equip you with the tools to connect with your community, boost engagement, and drive revenue. Register now →