Every ball cannot be
hit for a SIX!

Some are meant to be missed

Similarly while investing in equities there is a time when one needs to invest aggressively and a time when one needs to invest cautiously. Presenting Samco Mutual Fund’s small riscometerEMOSI score that uses the margin of safety investing principle that endeavour to scientifically time the broad based market by giving a score based on intrinsic valuations of equities, thereby indicating the investors whether to invest aggressively or cautiously.

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A powerful tool that aims to avoid timing mistakes and helps invest at the right time to improve your returns.

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Understand Equity Margin of Safety Index (EMOSI)

Equity Margin of Safety Index (EMOSI) is Samco Mutual Fund’s proprietary tool that indicates when to invest aggressively and when to avoid investing in the equity markets. EMOSI value is derived by assigning different weights to various fundamental and technical factors such as Price to Earning(PE), G-sec yields and moving average divergences etc.

Know more about EMOSI link
EMOSI SCORE
Very Low
66
(29/08/2023)

question icon Frequently asked questions

What is TimerSTP and how does it work?
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SAMCO’s Timer Systematic Transfer Plan (TimerSTP / TSTP) is a solution wherein unit holder(s) can choose to transfer variable amount(s) from ‘Source Scheme’ to the ‘Target Equity Scheme’ at pre-defined intervals. TimerSTP will invest more when the markets are attractive and below their intrinsic value, similarly invest less when the markets are high and expensive. The amount(s) of transfer to the Target Scheme will be linked to the Equity Margin of Safety Index (EMOSI) as computed by the AMC on the date of respective transfer.

What is the eligibility criteria to begin TimerSTP?
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An investor must maintain minimum balance/ investment of Rs. 25,000/- in the opted source scheme at the time of registration of TimerSTP.

What is the Base Installment Amount?
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The Base Installment Amount is the installment amount that is mentioned while registering for TimerSTP. Minimum base instalment amount is Rs 1000 and in multiples of Re 1, but this is bare minimum amount, however it is recommended to mention base installment as 1/12 of the total amount to be transferred to the Target Equity Scheme. The processing of installment amount will be based on opted date/ day of multiplier of EMOSI value in case the base computation amount is less than Rs. 100, then the installment will be considered as Rs. 100. If arrived amount is in decimals the same will be rounding off in nearest rupee. For example, if an investor has invested Rs. 120,000 in source scheme, he can mention Rs. 10,000 (1/12 of target investment in the Equity Scheme) as base installment for monthly frequency of TimerSTP.

What is the Multiplier?
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The Multiplier is the “Number of Times” of the installment amount to be transferred to target equity scheme. It will be within the range of “0.01X” to “6X” of the base installment. For example, If Investor registered TimerSTP with the base installment of Rs. 10,000, the multiplier amount can be from Rs. 100 (0.01X multiplier) to Rs. 60,000 (6X multiplier).

How is the multiplier decided?
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The amount of transfer to the target equity scheme is based on the latest Equity Margin of Safety Index (EMOSI) levels which is a proprietary model of Samco Asset Management Pvt Limited (the AMC). However, in any case the TimerSTP instalment amount will not exceed 6x of the base instalment amount as per the multiplier selected.

What is EMOSI?
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Equity Margin of Safety Index (EMOSI) levels computed by the AMC is a proprietary model of Samco Asset Management Pvt Limited (the AMC). The EMOSI is derived by assigning different weights such as Price to Earnings (PE), G-sec yields, moving average divergences and / or other fundamental and technical factors as may be determined by the AMC from time to time.

What are the frequencies available under TimerSTP?
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The investors have option of Weekly, Monthly and Quarterly frequency for transfer of funds from the eligible source schemes to eligible target equity schemes.

What would happen if investor doesn't provide the ‘Number of installments’ or ‘End Date’ in the form?
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In such a case the TimerSTP will be registered (the default) till December 31, 2099.

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Terms & Conditions

  • What is a Timer STP Plan? - Timer STP is a facility wherein an investor under the specified scheme(s) (‘Source Schemes’) can opt to transfer variable amount, on the predetermined dates to any open-ended equity Scheme(s) (‘Target Scheme’) at defined intervals. The variable amount(s) or actual amount(s) of transfer to the Target Scheme will be linked to the Equity Margin of Safety Index (EMOSI) as computed by the AMC on the date of respective transfer.
  • Investors are advised to read the Scheme Information Document(s) of each of the Target Scheme(s) and the applicable Statement of Additional Information carefully before exercising the option/ investing. The Scheme Information Document(s) / Statement of Additional Information/ Key Information Memorandum(s) of the respective Scheme(s) are available with the Investor Service Centers of Samco Mutual Fund, brokers/distributors and displayed at the website www.samcomf. com.
  • TSTP Enrollment Form complete in all respects, should be submitted at any of the Investor Service Centers (ISCs) of Samco Mutual Fund.
  • Eligibility Criteria for TSTP: An investor must maintain minimum balance/ investment of Rs. 25,000/- in the opted source scheme at the time of registration of TSTP. If such minimum balance/ investment is not available and the TSTP registration request will be liable to be rejected.
  • Frequency of TSTP: Investors may choose Weekly or Monthly or Quarterly Frequency in the Form; in case investor fails to mention frequency or opted multiple frequencies / date, default option would be Monthly and the default date will be 10th.
  • For Weekly frequency, investor can select any day between Monday to Friday. In case frequency day not provided in form, the default day will be every Monday.
  • For Monthly & Quarterly frequency, investor can select any date (other than 29,30,31). In case the date is not indicated, the default date will be 10th.
  • Tenure: Investors may choose (1) Target Amount or (2) No of installments or (3) End date in the form. If this information is not provided / incomplete, the TSTP will be registered by default till 31-Dec-2099.
  • There is no maximum duration for TSTP enrollment. However, TSTPs will be registered in a folio held by a minor, only till the date of the minor attaining majority, even though the instructions may be for a period beyond that date, the TSTP facility will automatically stand terminated upon the Unit Holder attaining 18 years of age.
  • Base Instalment amount: The Investor would required to provide a base installment amount that is intended to be transferred to the target scheme at regular interval. At presently minimum base instalment amount in Source scheme is Rs 1,000/- in multiple of Re.1/
  • The provision of ‘Minimum redemption amount’ specified in the Scheme Information Document of source scheme and ‘Minimum application amount’ specified in the Scheme Information Document of the target scheme(s) will not be applicable for TSTP.
  • The amount of transfer to the Target Scheme shall be in the range of 0.01x to 6x as per the multiplier selected which shall be based on the latest Equity Margin of Safety Index (EMOSI) levels which is a proprietary model of Samco Asset Management Pvt Limited (the AMC). In case the base computation amount is less than Rs. 100, then the installment will be considered as Rs. 100. However, In any case the TSTP instalment amount will not exceed 6x of the base instalment amount as per the multiplier selected. In case amount arrived in decimals the amount will be rounding off in nearest rupee.
  • If investor does not mention either the PAN or Folio details, then the form is liable for rejection.
  • Applicable schemes: At presently this facility is applicable for
    • Source Scheme: Samco Overnight Fund
    • Target Scheme: Samco Flexi Cap Fund.
  • Only one registration per target scheme in a folio would be allowed. In case of any existing registration (normal STP or TSTP) then new registration shall be rejected. Multiple TSTPs from the same source scheme to a different Target Scheme would be allowed (as and when schemes launched).
  • Units will be allotted under the same folio number.
  • Once registered, the facility cannot be modified. Investor may cancel an existing registration and register a fresh under New / Separate Form
  • Equity Margin of Safety Index (EMOSI): Equity Margin of Safety Index (EMOSI) levels computed by the AMC is a proprietary model of Samco Asset Management Pvt Limited (the AMC). The EMOSI is derived by assigning different weights such as Price to Earnings (PE), G-sec yields, moving average divergences and / or other fundamental and technical factors as may be determined by the AMC from time to time.
  • Based on the EMOSI and the corresponding multiplier factor, the actual amount of TSTP shall be derived for transferring the amount to the Target Scheme. Please refer to the EMOSI Multiplier table below for reference.
    EMOSI value Multiplier on Base Instalment amount to be transferred EMOSI value Multiplier on Base Instalment amount to be transferred
    =&<70 0.01x 101 1.05x
    71 0.05x 102 1.10x
    72 0.05x 103 1.15x
    73 0.05x 104 1.20x
    75 0.05x 106 1.40x
    76 0.05x 107 1.55x
    77 0.05x 108 1.70x
    78 0.05x 109 1.85x
    79 0.05x 110 2.00x
    80 0.10x 111 2.15x
    81 0.14x 112 2.30x
    82 0.18x 113 2.45x
    83 0.22x 114 2.60x
    84 0.26x 115 2.75x
    85 0.30x 116 2.95x
    86 0.34x 117 3.15x
    87 0.38x 118 3.35x
    88 0.42x 119 3.55x
    89 0.46x 120 3.75x
    90 0.50x 121 3.95x
    91 0.55x 122 4.15x
    92 0.60x 123 4.35x
    93 0.65x 124 4.55x
    95 0.75x 126 4.95x
    96 0.80x 127 5.15x
    97 0.85x 128 5.35x
    98 0.90x 129 5.55x
    99 0.95x 130 5.75x
    100 1.00x =&> 131 6.00x
    In case multiplier on base computation amount is less than Rs. 100, then the installment will be considered as Rs. 100.
  • The detailed working of the EMOS! model is proprietary to the AMC and is confidential. The AMC reserves the right te make changes to the EMOSI Model as may be necessary and as it may deem fit.
  • Minimum no of Instalments -Minimum number of installments in all frequencies will be 12.
  • Transfer of Balance: If the outstanding balance in the source scheme in investor’s folio is less than the amount to be transferred on the date of TSTP, the amount so transferred will be restricted to the balance available
  • The EMOSI will be declared and uploaded in website on all business days/daily. However, the AMC reserves the right to change the frequency/day of EMOSI updation. In case the day/date of transfer falls on a Non-Business Day or on a date which is not available in a particular month, the immediate next Business Day will be considered for the purpose of determining the applicability of NAV.
  • In case of nil balance in the Source Scheme, TSTP installment for that particular due date will not be processed and TSTP will cease upon five consecutive unsuccessful transactions.
  • The AMC reserves the right to cease the TSTP without prior intimation, including but not limited to receipt of intimation of death of Unit holder or in any scenario as per AMC discretion.
  • The TSTP is available only for units held / to be held in Non - demat Mode in the Source Scheme and the Target Scheme.
  • The units of the Target Scheme will be allotted as per the closing NAV of the day on which the funds are available for utilization by the Target Scheme irrespective of the installment date of the TSTP.
  • The TSTP transactions will be executed based on latest / previous day EMOSI value available.
  • Exit Load- The Load Structure will be applied at the time of instalment process in the source scheme. The amount transferred under the TSTP from the Source Scheme to the Target Scheme shall be affected by switching units of Source Scheme at applicable NAV, after payment of exit load applicable to the Source Scheme if any, and subscribing to the units of the Target Scheme at Applicable NAV. For Scheme load structure please refer to Key Information Memorandum or contact the nearest Investor Service Centre (ISC) of Samco Mutual Fund or visit our website www.samcomf.com.
  • This facility is provided subject to provisions of cut off timing for applicability of NAV and time stamping requirements, provisions of the SAI and the respective SID including the provisions of the ‘Prevention of Money Laundering and Know Your Customer’ requirements as detailed in the SAI, and any other applicable laws, rules and regulations as may be enforced from time to time.
  • The facility will not get executed in case the units are pledged or where lien is marked on units, or if units are within the applicable statutory lock period, if any, at the time of receipt of request.
  • The TSTP facility is not, in any manner an assurance or promise or guarantee on part of Samco Mutual Fund / Samco AMC to the unit holders in terms of returns or capital appreciation or minimization of loss of capital. The AMC/Trustees will not be liable for any loss, whether actual or notional on account of the decision of the Investor to opt for TSTP.
  • All requests for registering or deactivating the TSTP shall be subject to an advance notice of 7 (seven) business days to the Investor Service Centers.
  • The use of this Facility by the Investor will be deemed as the investor's confirmation that the investor understands and agrees to be bound by all of the terms and conditions applicable to this Facility, as detailed in the ‘Timer Systematic Transfer Plan (TSTP) Facility - Form’, as amended from time to time.
  • The AMC reserves the right to change, modify or withdraw this facility at any point of time. However, the change will be effective only on a prospective basis. Further, the AMC reserves the right to restrict the number / type of schemes being offered through this facility.
  • Illustration : Calculation of amount of Timer STP:
    • The amount to be transferred on each TSTP date will be determined basis the Equity Margin of Safety Index (EMOSI) level on the date of respective transfer as explained below
    • Source : Samco Overnight Fund
    • Target : Samco Flexi Cap Fund
    • Date – 10th date
    • Frequency - Monthly
    • Base Instalment Amount- Rs. 1,000/
    • Number of Instalments - Default i.e. 2099
    • Investment Date in Source Fund – October 2022
    • TSTP Initiated from November 10, 2022
    1. Calculation of Timer STP instalment amount on the date of the instalment of November 10, 2022
      • If the EMOSI on November 10, 2022, is 115, matrix defines a transfer of 2.75x of the base instalment amount. (1,000 *2.75), Rs. 2,750 will be transferred to Samco Flexi Cap Fund.
    2. Calculation of Timer STP instalment amount on the date of the instalment of December 10, 2022:
      • If the EMOSI on December 10, 2022, is 90, matrix defines a transfer of 0.5x of the base instalment amount (1,000*0.5), Rs. 500 will be transferred to Samco Flexi Cap Fund.
        TSTP date Assumed EMOSI value Multiplier on Base instalment Amount Transfer Amount (Rs)
        (A) (B) (C) (D)
        10-Nov-22 115 2.75x 2,750
        10-Dec-22 90 0.50 500
        10-Jan-23 120 3.75x 3,750
        10-Feb-23 127 5.15x 5,150
        10-Mar-23 150 6.00x 6,000
        10-Apr-23 130 5.75x 5,750
        10-May-23 119 3.55x 3,550
        10-Jun-23 106 1.40x 1,400
        10-Jul-23 100 1.00x 1,000
        10-Aug-23 95 0.75x 750
        10-Sep-23 90 0.50x 500
        10-Oct-23 85 0.30x 300
        10-Nov-23 60 0.01x 100
        10-Dec-23 82 0.18x 180
        10-Jan-24 96 0.80x 800

        The above table is for illustrative purposes only

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Mutual fund investments are subject to market risks, read all scheme related documents carefully.

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