Samco MF aims to raise ₹500cr from NFO

Jaipur: Samco Mutual Fund introduced a differentiated ELSS tax saver fund which predominantly invest in mid-and small cap companies. Paras Matalia, Head of Equity Research, Samco Mutual Fund said that it aims to garner Rs 500 crore for the fund. He said the NFO, which opens November 15, will have a mandatory three-year lock-in period, a classic way for wealth creation. TNN