Sahara Midcap Fund declares 40% Tax-Free Dividend

Sahara Mutual Fund is pleased to declare 40% Dividend under Sahara Midcap Fund. The Dividend is Tax Free in the hands of the investors.

The record date for the purpose of dividend is 28/05/2010.

All such investors under dividend option of Sahara Midcap Fund. whose name appear in the register of the unitholder's book as on the record date, would be eligible for dividend.

Announcing the dividend Mr. Naresh Kumar Garg, CEO mentioned that given the trajectory of Indian GDP the mid sized companies with quality managements have been capitalizing on opportunities and hence are posting above normal Growth rates. This augers well for the stakeholders of such companies in this segment.

He further mentioned that Sahara Midcap Fund has shown remarkable performance over various time periods since its inception.

Sahara Midcap Fund. is an Open-Ended Growth scheme that aims to provide long term capital Growth at Medium Level of risks by investing primarily in mid- cap stocks.

NAV of Sahara Midcap Fund (Dividend Option) as on 21.05.2010 is Rs.18.6693.

Source : Equity Bulls

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