What is Global NOVA?
Global NOVA (US SAP) is Samco’s SAP for US markets. It invests in US ETFs, and the algo decides which ETFs to buy and sell for your portfolio. Trades are executed through ViewTrade (GIFT IFSC), Samco’s broker partner for this product.
Key details
- Where you deploy: Samco app
- Minimum investment: $1,100
- Funding: through your US Wallet, funded by an LRS remittance from your own bank account
- Trading starts: the same day you deploy, during US market hours
- Daily login: not required
- Fees: flat 2% annual management fee, with no performance fee and no algo execution fee
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