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Samco Securities gets Sebi nod for MF biz, eyes acquisitions in sector

Launches 'SmartSIP' option on its Rank MF platform to enable investors to track margin of safety of individual schemes and deploy their funds accordingly

Topics
Samco | Securities and Exchange Board of India | Mutual Funds

Jash Kriplani  |  Mumbai 

Samco Securities has recently got the in-principle nod from the Securities and Exchange Board of India (Sebi) to start its own mutual fund (MF) business. "The MF business is part of our strategy to expand our offerings. While it is still early days, but we would like to be equity-focused and most likely build a business around actively-managed schemes.

We may also look at acquisition opportunities in the MF space," said Jimeet Modi, founder and chief executive officer of Samco Securities. On Wednesday, Samco Securities launched the 'SmartSIP' option on its Rank MF ...

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First Published: Wed, August 21 2019. 18:08 IST
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