Samco Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Samco Small Cap Fund ‘. The New Fund Offer price for units would be at Rs 10 per unit during the NFO period. Entry load will be nil. 10% of units can be redeemed at any time without an exit load; Any redemption in excess of 10% of units will incur 1% exit load in the first 12 months; No exit load, if redeemed after 12 months from the date of allotment of unit. The Scheme offers Growth Option only for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.The performance of the scheme will be benchmarked by Nifty Smallcap 250 Total Returns Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio predominantly consisting of equity and equity related instruments of small cap companies.