Sahara Mutual Fund Launches Sahara Super 20 Fund

Bangalore, June 25, 2009: Sahara Mutual Fund today announces the launch of its new scheme "Sahara Super 20 Fund". The new fund offer (NFO) opens for subscription from today, 25th June, 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 23rd July, 2009.

"Sahara Super 20 Fund" is an Open Ended Growth Scheme 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 scheme 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. Benchmark Index of Sahara Super 20 Fund is CNX Nifty. 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) under the scheme is also available.

Announcing the launch Mr. Naresh Kumar Garg, Chief Executive Officer, Sahara Mutual Fund mentioned that the Indian economy is showing signs of revival and is returning to a 'potential growth path' after adjusting itself to the disturbance witnessed in the global economic environment. The political stability has further improved the outlook and the Indian 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. It is the Large Cap companies, mostly the leaders of businesses, which would reflect this growth first and the fund aims to capture the benefits by investing in such companies.

Source : Equity Bulls

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