Description
Samco Mutual Fund introduces weekly SIP frequency and reduces minimum SIP amounts across schemes effective July 11, 2025.
Summary
Samco Mutual Fund has introduced weekly SIP frequency and revised minimum investment amounts for systematic investment plans across all open-ended schemes. The changes make mutual fund investments more accessible by reducing minimum SIP amounts from Rs. 500 to Rs. 250 for amounts up to Rs. 1,000.
Key Points
- Introduction of Weekly SIP frequency for all open-ended schemes
- Reduction in minimum SIP amount from Rs. 500 to Rs. 250 (up to Rs. 1,000)
- Weekly SIP available Monday to Friday with minimum 6-24 installments
- Revised installment requirements for Daily and Monthly SIP frequencies
- Special provisions for Samco ELSS Tax Saver Fund with Rs. 500 minimum
Regulatory Changes
New SIP frequency options and revised minimum investment thresholds:
- Weekly SIP: Rs. 250-1,000 (24 installments) or Rs. 1,000+ (6 installments)
- Daily SIP: Rs. 250-1,000 (24 installments) or Rs. 1,000+ (6 installments)
- Monthly SIP: Rs. 250-1,000 (12 installments) or Rs. 1,000+ (6 installments)
Compliance Requirements
- Changes apply to SIP enrollments on or after July 11, 2025
- Addendum forms integral part of SAI, SID and KIM documents
- All other existing terms and conditions remain unchanged
Important Dates
- Effective Date: July 11, 2025
- Notice Date: July 11, 2025
- Applicability: SIP enrollments on or after effective date
Impact Assessment
Positive impact on retail investor participation by lowering entry barriers. The reduced minimum SIP amount of Rs. 250 makes mutual fund investments more accessible to small investors, potentially increasing asset under management for Samco Mutual Fund schemes.
Impact Justification
Affects investor accessibility to mutual fund schemes through reduced minimum investment amounts