Samco MF's Active Momentum Fund Raises Rs 409 Cr Via NFO

Investment firm Samco Asset Management announced on Tuesday that it has raised over Rs 409 crore through the recently launched New Fund Offer (NFO) of Samco Active Momentum Fund, which ran from 15 June to 29 June.

The Active Momentum Fund aims to offer investors the opportunity to participate in a thoughtfully curated investment portfolio managed by the firm's fund managers.

Viraj Gandhi, CEO, Samco Mutual Fund, stated, "Samco Mutual Fund's recent NFO for India's first Active Momentum Fund received subscriptions from over 25,000 investors, resulting in a collection of Rs 409+ crore."

The fund is under the management of Paras Matalia, a seasoned investment professional with a profound understanding of momentum-based strategies. With his expertise and experience, he will oversee the fund's investment decisions and work towards maximizing returns for investors. Fresh investments, both lump sum and SIPs, are currently restricted post-NFO until further notice.