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  • Sahara Mutual Fund declares [email protected] Tax-Free Dividend under Sahara Banking&Financial Services Fund

    Published on August 30, 2010

    Lucknow: Sahara Mutual Fund has declared Re 4 per unit dividend under Sahara Banking & Financial Services Fund. The Dividend is Tax Free in the hands of the investors. This is the third dividend of Rs. 4/- each (face value Rs. 10/-) in the last 14 months, under this scheme. The record date for the purpose of dividend payout is 03/09/2010.

    All such investors under dividend option of Sahara Banking & Financial Services Fund whose name appear in the register of the unit holder’s book as on the record date, would be eligible for the dividend.

    Announcing the dividend Mr. Naresh Kumar Garg, CEO, Sahara Mutual Fund, mentioned that Sahara Banking & Financial Services Fund has performed exceptionally well since its inception, particularly in the challenging economic turbulence. Its Growth option NAV has grown over 3 times in less than 2 years. Under Dividend option, the scheme has established an unmatched record and this is the 3rd dividend under the scheme in the last 14 months. The scheme has delivered an annualized return of over 80% since inception which is more than twice of its Benchmark CNXBANK Nifty Index performance. This is a very significant outperformance for our investors. With the Indian Economy on the high growth path, the Banking & Financial Sector is likely to perform well. This scheme offers an excellent opportunity to the investors to invest in quality portfolio with proven performance record.

    Sahara Banking & Financial Services Fund is an Open-Ended Growth scheme that aims to provide long term capital appreciation through investment in equities and equities related securities of companies whose business comprise of Banking & financial services, either in whole or in part. NAV of Sahara Banking & Financial Services Fund as on 27/08/2010 is Rs. 19.3228.

    Mutual Fund Investments are subject to market risks.

    Please read the Scheme Information Document carefully before investing.

    Scheme Classification & Objective: The basic objective of Sahara Midcap fund is to achieve long term capital growth at medium level of risks by investing primarily in Midcap stocks.. Risk Factors: Mutual Funds and securities investments are subject to market risks and the NAV of the scheme may go up or down depending upon the factors affecting the securities market. There can be no assurance or guarantee that the Scheme objectives will be achieved. The past performance of the previous scheme, sponsor or its group affiliates is not indicative of and does not guarantee future performance of the scheme. The sponsor is not responsible or liable for any loss or shortfall resulting from the operations of the scheme beyond the initial contribution of Rs.1 lakh made by it towards setting up of the Mutual Fund. Sahara Midcap Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme, its future prospects or the returns. Please read the Scheme Information Document and Statement of Additional Information carefully before investing. Applicable Load: Entry Load: There is no entry load, Exit Load: 1% if redeemed on or before 12 months from date of allotment, if redeemed beyond 12 months from date of allotment: Nil.

    Statutory Details: Sahara Mutual Fund has been set up as a trust under the Indian Trust Act 1882 (liability restricted to the corpus of Rs.1 lakh) with Sahara India Financial Corporation Limited as Sponsor and Board of Trustees as Trust and Sahara Asset Management Company Private Limited as the Investment Manager to Sahara Mutual Fund.