Sahara Mutual Fund has announce the launch of its new scheme “Sahara Super 20 Fund” an open ended growth scheme.  The objective of the scheme is 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. (View - New Fund Offers open NOW)

The new fund offer (NFO) opens for subscription on June 25, 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 July 23, 2009.

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.

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.

The Scheme offers two options viz. Growth option and Dividend option, under dividend option, the investor can choose either dividend payout or reinvestment. Systematic Investment Plan (SIP) under the scheme is also available.

The minimum investment amount is Rs 5000 and in multiples of Re.1 thereafter.

The Scheme will charge Entry Load of 2.25%. Exit load of 1% for investments of greater than or equal to Rs. 1 Crore, if redeemed on or before 1 year from the date of allotment.