Sahara Mutual Fund has declared a dividend of 40% (Rs 4.00 per unit on a face value of Rs 10), under Sahara Banking & Financial Services Fund. The record date for the purpose of dividend payout is January 19, 2010.
All investors registered under the dividend option of Sahara Banking & Financial Services Fund as on record date January 19, 2010 will receive this dividend. The NAV under the dividend plan of the scheme as on January 14, 2009 is Rs 18.9493. (Check out - Recent MF Dividends)
Announcing the dividend Mr. Naresh Kumar Garg, CEO mentioned that Indian economy is on the high growth path and Indian banking & financial system has proven its robustness in the economic crisis faced by economies across the globe over the last two years. The Indian Banking system which is the backbone of our economy is poised for better performance over medium to long term.
He further mentioned that Sahara Banking & Financial Services Fund has shown remarkable performance ever since its launch in September 2008. It regularly feature among the Top performing funds. Based on its excellent performance, the Fund has declared two back to back dividends in the last 6 months.
Sahara Banking & Financial Services Fund is an Open-Ended Sectoral Growth scheme that aims to provide long term capital appreciation through investment in equities and equities related securities of companies engaged in Banking / Financial services, either whole or in part.
Source: http://www.moneycontrol.com/news/mf-news/sahara-bankingfinancial-services-fund-declares-dividend_435942.html
All investors registered under the dividend option of Sahara Banking & Financial Services Fund as on record date January 19, 2010 will receive this dividend. The NAV under the dividend plan of the scheme as on January 14, 2009 is Rs 18.9493. (Check out - Recent MF Dividends)
Announcing the dividend Mr. Naresh Kumar Garg, CEO mentioned that Indian economy is on the high growth path and Indian banking & financial system has proven its robustness in the economic crisis faced by economies across the globe over the last two years. The Indian Banking system which is the backbone of our economy is poised for better performance over medium to long term.
He further mentioned that Sahara Banking & Financial Services Fund has shown remarkable performance ever since its launch in September 2008. It regularly feature among the Top performing funds. Based on its excellent performance, the Fund has declared two back to back dividends in the last 6 months.
Sahara Banking & Financial Services Fund is an Open-Ended Sectoral Growth scheme that aims to provide long term capital appreciation through investment in equities and equities related securities of companies engaged in Banking / Financial services, either whole or in part.
Source: http://www.moneycontrol.com/news/mf-news/sahara-bankingfinancial-services-fund-declares-dividend_435942.html
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