Jaipur, September 25, 2021.
Samco Mutual Fund is all set to expand its business in Rajasthan. With 5 new offices across Jaipur, Udaipur and Jodhpur and partnering with 1000+ distributors across the state, the company has a target to achieve 10% market share in Equity AUM (from Rajasthan) by the end of FY25.
According to last year’s data (between March 2020 and end-May 2021), Rajasthan was 9th in India in terms of investment and new investors account opening. Identifying Rajasthan 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 pains 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.
Umeshkumar Mehta, CEO of Samco Asset Management Pvt Ltd said, “The state of Rajasthan is a huge investor market and for the current investor base there is immense potential as well as refined understanding of newer investment avenues and products. 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 Rajasthan in the form of our upcoming mutual fund.”
Ulhas Joshi, National Head Sales Samco Group said “Forinvestors, we are bringing the stress-tested investing framework that gives the new age investor an authentic reason, and not merely a generic proposition. We endeavor to generate the highest risk-adjusted returns for investors in the long term”
Sumit Khandelwal, Zonal Head Rajasthan and Gujarat, of Samco Group said, “We are excited to expand our business in Rajasthan and will hire and depute the best teams for catering to the state. The distributors in Rajasthan will have an exciting product for their investors.”