Sahara Mutual Fund launched of its new equity scheme christened as "Sahara Super 20 Fund", an open ended growth fund with the objective to provide long term capital appreciation by investing in pre-dominantly equity and equity related securities of around 20 potentially attractive companies selected out of the top 100 largest market capitalization companies, at the point of investment.
The new fund offer opens for subscription on June 25, 2009. During the NFO period, the units of Sahara Super 20 Fund can be subscribed at Rs 10 per unit (plus applicable load). The NFO would close for initial subscription on July 23, 2009.
"The Indian economy is showing signs of revival and is returning to a potential growth path. The political stability has further improved the outlook. and the economy is expected to show a better growth on the back of improvement in consumer sentiment, policy reforms and projected growth in agriculture, and services sector, said Naresh Kumar Garg, CEO, Sahara Mutual Fund.
"Under such a scenario, it is the large cap companies, which would reflect this growth first and the fund aims to capture the benefits by investing in such companies."
The new scheme, which is benchmarked to CNX Nifty does not guarantee any assured returns. At least 65% of the total assets will be invested in equity and equity related securities and upto a maximum 35% of the total assets may be invested in debt and money market instruments.
Under the scheme one can opt for dividend option, (including dividend re-investment option) or growth option. Minimum application amount is Rs 5,000. Systematic investment plan (SIP) is also available with the scheme.
The new fund offer opens for subscription on June 25, 2009. During the NFO period, the units of Sahara Super 20 Fund can be subscribed at Rs 10 per unit (plus applicable load). The NFO would close for initial subscription on July 23, 2009.
"The Indian economy is showing signs of revival and is returning to a potential growth path. The political stability has further improved the outlook. and the economy is expected to show a better growth on the back of improvement in consumer sentiment, policy reforms and projected growth in agriculture, and services sector, said Naresh Kumar Garg, CEO, Sahara Mutual Fund.
"Under such a scenario, it is the large cap companies, which would reflect this growth first and the fund aims to capture the benefits by investing in such companies."
The new scheme, which is benchmarked to CNX Nifty does not guarantee any assured returns. At least 65% of the total assets will be invested in equity and equity related securities and upto a maximum 35% of the total assets may be invested in debt and money market instruments.
Under the scheme one can opt for dividend option, (including dividend re-investment option) or growth option. Minimum application amount is Rs 5,000. Systematic investment plan (SIP) is also available with the scheme.
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