Sahara Mutual Fund declares 40% dividend in Sahara Banking & Financial Services Fund

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

The record date for the purpose of dividend payout is 31/07/2009.

All such investors under dividend option of Sahara Banking & Financial Services Fund, whose name appear on the scheme books as on the record date, would be eligible to get dividend.

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.

As always has been the policy of Sahara Mutual Fund, to act in the best interest of its investors, we are glad to announce a dividend of Rs. 4.00 per unit (40%) under Sahara Banking & Financial Services Fund.

The NAV of Sahara Banking and Financial Services Fund (Dividend Option) as on 24th July, 2009 is Rs.19.2838.

Mutual Fund Investments are subject to market risks, please read the Scheme Information Document carefully before investing.

The past performance of the previous scheme, sponsor or its group affiliates is not indicative of and does not guarantee future performance of the scheme.

After the payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any.

Source : Equity Bulls

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