Ramping up Telangana distribution with an increase in distribution network from existing 100+ distributors to 200+ distributors by year end.
For the first time in India, Samco Asset Management Pvt Ltd (SAMCO AMC) introduces Stress Tested Investing
To launch funds and schemes only comprising of companies passing SAMCO’s proprietary HexaShield stress test framework To be the first AMC in India to transparently disclose “Active Share” daily and endeavors to launch truly active funds with high active share
Hyderabad, October 21st, 2021: Samco Mutual Fund is all set to expand its business in Hyderabad. With the aim to partner with 200+ distributors across the state, the company has a target to achieve 10% market share of MFDs by the end of CY21.
Telangana contributes 4.56% to India’s GDP, however the contribution of the state to the AUM of Mutual Fund industry is only 1.63% which means that investor community is highly under penetrated. Identifying Hyderabad among the key markets for growth, Samco is all set up to ramp up its distribution and assets under management in the state with the upcoming launch of the mutual fund.
The Samco Group takes great pride in innovating the right set of products and solutions for its customers and in line with this strategy Samco Mutual Fund introduces ‘Stress Tested Investing’ for the first time in India. Stress Tested investing is a strategy to put to work money with businesses that can endure and survive in a variety of stressful situations and generate long-term risk-adjusted returns. Each business is put through a series of six rigorous tests defined by SAMCO’s proprietary HexaShield framework and only businesses that pass the HexaShield test shall form a part of the investable universe. SAMCO’s HexaShield framework is designed to stress test whether a business can survive across a variety of macro and microeconomic pressures and truly be a compounding machine.
Also, For the first time in India, SAMCO Mutual Fund will transparently disclose daily Active Share to Indian Investors, so they know that when they are paying an active fee, it’s certainly for buying something widely different from the Index. Active Share measures the fraction of a portfolio (based on position weights) that differs from the benchmark index Jimeet Modi, Founder and Director of Samco Asset Management Pvt Ltd said, “Hyderabad is emerging as the hotspot for fund houses and advisers for its increasing investor appetite for mutual funds.
Awareness about mutual funds has increased in smaller towns has led to the growing interest in the state. With that said, compared to the overall population in the state the number of active investors are low. We believe with the right product and distribution mix we can deliver a great investment for the people of Hyderabad in the form of our upcoming mutual fund.”
Anantharaman, Zonal Head, South of Samco Group said, “We are excited to expand our business in Hyderabad and will hire and depute the best teams for catering to the state. The distributors in Hyderabad will have an exciting product for their investors.”
About Samco Asset Management Pvt Ltd
Details about the Sponsor, SAMCO Securities Limited, is a wealth-tech start-up headquartered in Mumbai, which is one of India’s fastest growing companies in the Discount Broking Industry with over 250000 customers.
The company aims to solve problems and at an extremely affordable cost for its customers who actively trade or invest in the Indian capital markets with the use of algorithms, data science and artificial intelligence.
Details about the Trustee Company, Samco Trustee Pvt Ltd is the trustee to Samco Mutual Fund having its registered office at 1003-A, 10th Floor, Naman Midtown, Senapati Bapat Marg, Prabhadevi(W), Mumbai 4000013. The Board of Directors and their profile are annexed herewith in the Corporate Profile.