Samco Asset Management Private Limited has launched the Samco Equity Savings Fund, an open-ended scheme that invests in equity, arbitrage and debt. The new fund offer (NFO) opens on 19-10-2026 and closes on 02-11-2026.
The fund aims to grow your money over the long term. It mixes shares, arbitrage trades (small price gaps between the cash and futures markets) and debt such as government securities.
Equity savings funds sit between debt and equity mutual funds. This one adds a twist: Samco’s own models help decide how much equity stays hedged.
Samco Equity Savings Fund NFO details
Particulars | Details |
Fund name | |
Fund type | Open-ended scheme investing in equity, arbitrage and debt |
Category | Hybrid scheme, Equity Savings |
Nature of scheme | Mostly actively managed |
Benchmark | Nifty Equity Savings Total Returns Index |
Fund managers | |
NFO opens | 19-10-2026 |
NFO closes | 02-11-2026 |
Allotment/reopening | Reopens for sale and repurchase not later than 11-11-2026 |
Minimum investment | ₹5,000, then multiples of ₹1 |
Additional investment | ₹500, then multiples of ₹1 |
SIP amount | ₹250 to ₹1,000 for 12 instalments, or ₹1,000 and above for 6 instalments (during NFO) |
NAV | ₹10 per unit during the NFO |
Stamp duty | 0.005% on purchases |
Entry load | Not applicable |
Exit load | 1% if redeemed or switched out within 30 days of allotment; nil after 30 days |
Samco Asset Management Private Limited: AMC details
Particulars | Details |
AMC name | Samco Asset Management Private Limited |
Assets under management | ₹2,580.68 Crore (as of September 30, 2026) |
Website | |
Registered office | A-1003, Naman Midtown, 10th Floor, Prabhadevi (West), Mumbai 400013 |
Contact number | 1800 103 4757 (toll free) |
Source: AMFI India new fund offer page: Samco Equity Savings Fund
What has Samco launched with the Samco Equity Savings Fund?
This equity savings fund keeps at least 65% of its money in equity and related instruments. A good part is hedged. Hedging means taking an opposite position in futures, so price moves offset each other.
In arbitrage, the fund buys a stock in the cash market and sells it in the futures market at a higher price. That gap is the return, and it is largely fixed when the trade is made.
The rest goes into debt and money market instruments. The fund may also hold up to 10% each in InvITs (trusts owning assets like roads) and commodity derivatives.
The objective is long term capital growth. Samco states there is no assurance it will be achieved.
How does the Samco Equity Savings Fund strategy work?
Three engines run together: directional equity, arbitrage and debt. Samco’s models help set the weights.
Step | What happens? |
1. Raise money | Units are sold at ₹10. The money is invested within 30 business days of allotment. |
2. Read the market | Models study market, technical, flow and macroeconomic data. |
3. Set the equity mix | Decide how much equity stays hedged and how much stays unhedged. |
4. Run arbitrage and hedges | Buy in cash, sell in futures to lock price gaps, and hedge equity. |
5. Add the debt layer | Government securities and similar instruments give income and cash for redemptions. |
6. Shift when needed | If models signal caution, move to a defensive mix with less unhedged equity. |
7. Rebalance | Managers can override the models with their own judgement. |
Samco Equity Savings Fund explained with an example
This is an illustration of the process, not a real portfolio or a return forecast.
Say you invest ₹1,00,000. In a normal mix, ₹45,000 could be hedged equity, ₹25,000 unhedged shares and ₹30,000 debt. Equity totals 70%, above the 65% minimum.
If the models turn cautious, it could become ₹60,000 hedged, ₹10,000 unhedged and ₹30,000 debt. Equity stays at 70%, but less of it follows the market directly.
Portfolio allocation of the Samco Equity Savings Fund
The SID sets these asset allocation ranges as a percentage of net assets.
Instrument | Normal mix | Defensive mix |
Equity and equity-related, total | 65% to 90% | 65% to 80% |
Of which hedged equity | 25% to 80% | 50% to 80% |
Of which unhedged (net) equity | 10% to 40% | 0% to 15% |
Debt and money market instruments | 10% to 35% | 20% to 35% |
Exchange traded commodity derivatives | 0% to 10% | 0% to 10% |
InvIT units | 0% to 10% | 0% to 10% |
Investment strategy: how the fund picks and manages positions
The net equity part aims for growth. Arbitrage and debt aim for steadier income.
The SID does not list stock screening rules. It names arbitrage tools: cash futures and index arbitrage, calendar spreads, covered calls and event-led trades such as mergers or buybacks.
For debt, the managers use a top-down view of interest rates and the yield curve.
Guardrails include the defensive mix and derivative limits: up to 80% of equity assets for hedging and 50% for non-hedging use. The debt portion keeps cash ready for redemptions.
Potential benefits of the Samco Equity Savings Fund
Potential benefit | Why does it matter? |
Three return sources in one fund | Shares, arbitrage and debt do not always move together. |
Hedged equity | Offsetting futures positions may make it follow the market less closely. |
Debt layer | At least 10% sits in debt for income and liquidity. |
Flexible equity levels | Unhedged equity can range from 10% to 40%, or 0% to 15% in defensive mode. |
Small SIP entry | SIPs start at ₹250 during the NFO. |
Things to know before you invest in the Samco Equity Savings Fund
Point to note | What does it mean? |
Returns are not assured | The scheme is not a guaranteed return product. |
Models guide, not guarantee | Allocation shifts rely on models and manager judgement. Samco may revise the models. |
Derivatives are complex | Leveraged tools can magnify gains and losses. Results depend on execution. |
Unhedged equity follows markets | Between 10% and 40% moves directly with share prices in a normal mix. |
Interest rates affect debt | Bond prices usually fall when interest rates rise. |
Early exit has a cost | A 1% exit load applies if you redeem within 30 days of allotment. |
Who may consider the Samco Equity Savings Fund?
Investor type | Why it may fit |
A saver wanting a middle path | Debt funds feel too plain, equity funds too bumpy. |
A long-term goal holder | A parent in Pune saving for a 2032 education goal. |
A first-time SIP investor | A young professional can start with ₹250. |
Who may not find it suitable?
Investor type | Why it may not fit |
Someone needing money within weeks | A 1% exit load applies in the first 30 days. |
A seeker of fixed, assured returns | The fund does not promise returns, unlike a fixed deposit. |
An investor wanting full equity gains | Hedging may mean lagging a pure equity fund in strong markets (our interpretation). |
Samco Equity Savings Fund vs traditional investment options
Option | Return potential | Price movement | Liquidity | Horizon | Suitable investor |
Fixed deposit | Fixed rate | None on principal | Early exit may carry a penalty | Fixed term | Wants certainty |
Debt mutual fund | Moderate | Low to moderate | Business days | Short to medium | Wants steady income |
Hybrid fund | Depends on mix | Moderate | Business days | Medium to long | Wants a blend |
Equity mutual fund | Highest potential | Wide swings | Business days | Long | Has a long goal |
This fund | Depends on mix and arbitrage | Moderate, eased by hedging | Business days, 1% exit load in 30 days | Long | Wants hedged equity plus debt |
Samco Equity Savings Fund review by Zenith Finserve
Zenith Finserve reads this as a fund for someone who wants equity without the full ride. At least 65% sits in equity, but a large share is hedged. Only 10% to 40% moves directly with the market in a normal mix.
The best fit is a goal five or more years away, such as a 2032 education fund, with no need for the money in the first 30 days. The model-driven switching is the feature to understand. Managers keep full discretion, so results depend on both models and people. As a new fund, it has no track record yet.
In a portfolio, it can sit between debt and equity funds without replacing either. Check it against your goal, existing investments and tax position first. This is not a recommendation.
How Zenith Finserve can help
At Zenith Finserve, we follow a process driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans and tax situation before suggesting investments. We align our investment suggestions with your financial objectives and review them periodically to keep them suitable as your circumstances change.
Also read about our mutual fund advisory and investment planning services, or browse the finance glossary.
Similar NFOs on Zenith
Eminence Hybrid Long Short Fund: Details & Review: a hybrid launch using derivatives, but a specialised investment fund with a higher entry ticket.
Summit Active Asset Allocator Long-Short Fund NFO: Details & Review: a multi-asset SIF that also shifts between asset classes.
Frequently Asked Questions
1. Is Samco Equity Savings Fund NFO good to invest in?
That depends on your goal and time horizon. It suits long term goals, so check suitability first. This is not a recommendation.
2. When does the Samco Equity Savings Fund NFO open and close?
It opens on 19-10-2026 and closes on 02-11-2026. It reopens by 11-11-2026.
3. What is the minimum investment in the Samco Equity Savings Fund?
₹5,000 as a lump sum. SIPs start at ₹250 for 12 instalments, or ₹1,000 for 6.
5. What does the Samco Equity Savings Fund invest in?
Equity, arbitrage positions and debt, plus up to 10% each in InvITs and commodity derivatives.
6. What is the NAV during the NFO?
Units cost ₹10 each. The first NAV is declared within 5 business days of allotment.
7. Who manages the Samco Equity Savings Fund?
Umeshkumar Mehta and Nirali Bhansali manage it jointly.
8. What is the exit load?
1% within 30 days of allotment. Nil after that.
9. How is it different from a pure arbitrage fund?
It keeps 10% to 40% in unhedged equity in a normal mix, so it also takes directional equity calls.
10. Should I pick the Direct or Regular plan?
Direct is for buying straight from the fund house. Regular is for investing through a distributor. Both offer Growth.
11. How soon do I get my money after redemption?
Within 3 working days of a valid request. For regular withdrawals later, see our SWP advisors page.
