Dear Sir, I am Neeraj gupta. I do request you to please guide about Samco Active Momentum Fund NFO ( comming from June 15 -29, 2023. Shall I invest Lumpsum 5 Lakh in this NFO ? I learnt that SAMCO is not allowing any investment or SIP after closing on June 29,2023.
Ans: We are in a structural bull market today with strong economic cues. At such times, price is the king, hence momentum investing is the talk of the town. What we would ask you to analyze before investing is whether this fund suits your risk profile and help you reach your goals. This is the first fund wherein momentum investing will be followed actively, therefore, the idea certainly is new. However, fresh investments are not allowed because the fund manager himself accepts that deploying a lot of money in few investible ideas can be a problem.