Sahara Banking & Financial Services Fund declares dividend

Sahara Mutual Fund has declared a dividend of 25% (Rs. 2.50 per unit on Face Value of Rs.10) in its open end scheme - Sahara Banking & Financial Services Fund. The record date for dividend has been fixed as April 29, 2011.

All investors registered in the Dividend Plan of the above scheme as on April 29, 2011 will receive the dividend. The NAV of the scheme as on April 21, 2011 under the dividend option was Rs. 16.2140. (Check out - Recent MF Dividends)
Announcing the dividend Mr. Naresh Kumar Garg, CEO highlighted that Sahara Banking & Financial Services Fund has performed exceedingly well since its inception. With this Dividend, Sahara Banking & Financial Services Fund has declared Four Dividends in the last 22 months.
Banking Sector is the proxy to Indian economic growth. 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 Sectoral 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.
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