Sahara Banking & Financial Service Fund declares Rs.4 Per Unit Tax-Free Dividend

Sahara Mutual Fund is pleased to declare Rs. 4 per unit Dividend under Sahara Banking & Financial Services Fund. The Dividend is Tax Free in the hands of the investors. This is the third dividend of Rs. 4/- each (face value Rs. 10/-) in the last 14 months under this scheme.

The record date for the purpose of dividend is 03/09/2010.

All such investors under dividend option of Sahara Banking & Financial Services 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 Sahara Banking & Financial Services Fund has performed exceptionally well since its inception, particularly in the challenging economic turbulence. Its Growth option NAV has grown over 3 times in less than 2 years. Under Dividend option, the scheme has established an unmatched record and this is the 3rd dividend under the scheme in the last 14 months. The scheme has delivered an annualized return of over 80% since inception which is more than twice of its Benchmark CNXBANK Nifty Index performance. This is a very significant outperformance for our investors. With the Indian Economy on the high growth path, the Banking & Financial Sector is likely to perform well. This scheme offers an excellent opportunity to the investors to invest in quality portfolio with proven performance record.

Sahara Banking & Financial Services Fund is an Open-Ended Growth scheme that aims to provide long term capital appreciation through investment in equities and equities related securities of companies whose business comprise of Banking / financial services, either in whole or in part.

NAV of Sahara Banking & Financial Services Fund as on 27/08/2010 is Rs. 19.3228

Source : Equity Bulls

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