 "mutual funds, MF")
Samco Mutual Fund, a new entrant to the Rs 38 trillion asset management industry, has changed attributes of one of its schemes following a rap from market regulator Securities and Exchange Board of India (Sebi).
The fund house launched its first new fund offer for Samco Flexi Cap Fund, pegging it as a 'pure equity scheme'.
However, the scheme also intended to invest up to 35 per cent in tri-party repo (TREPS) .
Samco MF stated that the market regulator advised it to incorporate clauses explaining the right attributes in the scheme information disclosure (SID).
Since the scheme shall also
