Sahara Star Value Fund declares Tax-Free Dividend of Rs 1 Per Unit

Sahara Mutual Fund is pleased to declare Rs 1 per unit Dividend under Sahara Star Value Fund. The Dividend is Tax Free in the hands of the investors.

The record date for the purpose of dividend is 16/08/2010.

All such investors under dividend option of Sahara Star Value 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 the Fund which follows an value based investment approach offers attractive opportunities to investors to reap the potential of hidden gems among the listed companies which has good management efficient operations but being ignored by the market participants currently. It has a well diversified portfolio with relatively better probability of higher returns over medium to long term.

Sahara Star Value Fund is an Open-Ended Growth scheme that aims to provide long term capital appreciation by investing predominantly in equity / equity related instruments of select companies based on value parameters.

NAV of Sahara Star Value Fund as on 10th August is Rs.12.6163.

Source : Equity Bulls

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