Description

Samco Mutual Fund introduces weekly SIP frequency and revises minimum installment amounts for systematic investment plans effective July 11, 2025.

Summary

Samco Mutual Fund has introduced weekly frequency Systematic Investment Plans (SIP) and revised minimum installment amounts for all open-ended schemes. The changes are effective from July 11, 2025, and apply to new SIP enrollments on or after this date.

Key Points

  • Introduction of weekly SIP frequency (Monday to Friday) for all open-ended Samco Mutual Fund schemes
  • Revised minimum installment amounts for daily and monthly SIP frequencies
  • New tiered structure: Rs. 250 minimum up to Rs. 1,000 (higher installment count) or Rs. 1,000+ (lower installment count)
  • Special provisions for Samco ELSS Tax Saver Fund with Rs. 500 minimum and Rs. 500 multiples
  • Changes apply only to SIP enrollments on or after July 11, 2025

Regulatory Changes

Weekly SIP Introduction

  • Frequency: Monday to Friday
  • Minimum Amount: Rs. 250 (multiples of Re. 1) up to Rs. 1,000 - 24 installments OR Rs. 1,000+ (multiples of Re. 1) - 6 installments
  • ELSS Exception: Rs. 500 minimum in multiples of Rs. 500

Revised Daily SIP Requirements

  • Previous: Rs. 500 minimum, 10 installments
  • New: Rs. 250-Rs. 1,000 (24 installments) OR Rs. 1,000+ (6 installments)
  • ELSS Exception: Rs. 500 minimum in multiples of Rs. 500

Revised Monthly SIP Requirements

  • Previous: Rs. 500 minimum, 12 installments OR Rs. 1,000 minimum, 6 installments
  • New: Rs. 250-Rs. 1,000 (12 installments) OR Rs. 1,000+ (6 installments)
  • ELSS Exception: Rs. 500 minimum in multiples of Rs. 500

Compliance Requirements

  • Addendum forms integral part of Statement of Additional Information (SAI), Scheme Information Document (SID), and Key Information Memorandum (KIM)
  • All other existing terms and conditions remain unchanged
  • Investment dates: Daily SIP (all days), Monthly SIP (1st to 28th of month), Weekly SIP (Monday to Friday)

Important Dates

  • Effective Date: July 11, 2025
  • Applicability: SIP enrollments on or after July 11, 2025
  • Notice Date: July 11, 2025

Impact Assessment

Positive Impact:

  • Lower entry barriers with Rs. 250 minimum investment option
  • More flexible investment frequencies with weekly SIP introduction
  • Greater accessibility for small investors

Operational Impact:

  • Enhanced SIP options may attract more retail investors
  • Weekly frequency provides more investment timing flexibility
  • Tiered structure accommodates different investor segments

Market Impact:

  • Potential increase in mutual fund participation through lower minimum amounts
  • Weekly SIP option may appeal to investors seeking more frequent investment discipline

Impact Justification

Affects mutual fund investors using SIP facilities with new weekly options and revised minimum amounts