Sahara Mutual Fund today announced the launch of its new scheme �Sahara Banking & Financial Services Fund.
The new fund offer (NFO) opens on July 28, 2008 and would close for initial subscription on August 26, 2008.
During the NFO period, there is no exit load. Under the scheme one can opt for Dividend Option, (including dividend re-investment option) or Growth Option. Minimum application amount is Rs 5,000.
Announcing the launch, Naresh Kumar Garg, Chief Executive Officer, Sahara Mutual Fund mentioned, The Indian economy is well on its path to become one of the largest economies in the world. The investments in the real economy have been growing at fast pace and the sound Banking and Financial system of the country is proving to be the catalyst in forging the high GDP growth rates for India.
Sahara Banking & Financial Services Fund is an open - ended sectoral growth fund with the objective to generate long-term capital appreciation through investment in equity and equity related securities of companies that are in Banking and Financial Services segments. At least 75% of the total assets will be invested in equity and equity related securities and upto a maximum 25% of the total assets might be invested in debt and money market instruments.
The new fund offer (NFO) opens on July 28, 2008 and would close for initial subscription on August 26, 2008.
During the NFO period, there is no exit load. Under the scheme one can opt for Dividend Option, (including dividend re-investment option) or Growth Option. Minimum application amount is Rs 5,000.
Announcing the launch, Naresh Kumar Garg, Chief Executive Officer, Sahara Mutual Fund mentioned, The Indian economy is well on its path to become one of the largest economies in the world. The investments in the real economy have been growing at fast pace and the sound Banking and Financial system of the country is proving to be the catalyst in forging the high GDP growth rates for India.
Sahara Banking & Financial Services Fund is an open - ended sectoral growth fund with the objective to generate long-term capital appreciation through investment in equity and equity related securities of companies that are in Banking and Financial Services segments. At least 75% of the total assets will be invested in equity and equity related securities and upto a maximum 25% of the total assets might be invested in debt and money market instruments.
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