Sahara Mutual Fund declares Rs. 4 Per Unit Tax-Free Dividend under Sahara Banking & Financial Services Fund

Lucknow, August 29, 2010: Sahara Mutual Fund has declared Re 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 payout is 03/09/2010.
All such investors under dividend option of Sahara Banking & Financial Services Fund whose name appear in the register of the unit holder’s book as on the record date, would be eligible for the dividend.
Announcing the dividend Mr. Naresh Kumar Garg, CEO, Sahara Mutual Fund, 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.
About Sahara Mutual Fund
Sahara Mutual Fund currently manages Ten Equity Funds namely Sahara Tax Gain Fund, Sahara Growth Fund, Sahara Mid Cap Fund, Sahara Wealth Plus Fund, Sahara Infrastructure Fund, Sahara R.E.A.L. Fund (Close Ended), Sahara Power and Natural Resources Fund, Sahara Banking and Financial Services Fund, Sahara Super 20 Fund and Sahara Star Value Fund. It also manages Six Debt Funds namely Sahara Income Fund, Sahara Gilt Fund, Sahara Liquid Fund, Sahara Classic fund, Sahara Short Term Bond Fund and Sahara Interval Fund Quarterly Plan – Series 1.

Mutual Fund Investments are subject to market risks.
Please read the Scheme Information Document carefully before investing.
Scheme Classification & Objective: The basic objective of Sahara Midcap fund is to achieve long term capital growth at medium level of risks by investing primarily in Midcap stocks.. Risk Factors: Mutual Funds and securities investments are subject to market risks and the NAV of the scheme may go up or down depending upon the factors affecting the securities market. There can be no assurance or guarantee that the Scheme objectives will be achieved. 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. The sponsor is not responsible or liable for any loss or shortfall resulting from the operations of the scheme beyond the initial contribution of Rs.1 lakh made by it towards setting up of the Mutual Fund. Sahara Midcap Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme, its future prospects or the returns. Please read the Scheme Information Document and Statement of Additional Information carefully before investing. Applicable Load: Entry Load: There is no entry load, Exit Load: 1% if redeemed on or before 12 months from date of allotment, if redeemed beyond 12 months from date of allotment: Nil.
Statutory Details: Sahara Mutual Fund has been set up as a trust under the Indian Trust Act 1882 (liability restricted to the corpus of Rs.1 lakh) with Sahara India Financial Corporation Limited as Sponsor and Board of Trustees as Trust and Sahara Asset Management Company Private Limited as the Investment Manager to Sahara Mutual Fund.

Sahara India Pariwar felicitates Indian champion shooters for bringing fame to India at 50th ISSF World Shooting Championship, Munich

Felicitation incentives of Rs. 5 lac to Tejaswini Sawant, Rs. 5 lac to Gagan Narang; and 3 lac to Asher Noria

Lucknow, August 17, 2010: Sahara India Pariwar, the prime promoter and patron of sports in India, today felicitated Indian shooters Ms. Tejaswini Sawant, Mr. Gagan Narang and Mr. Asher Noria, who made India proud by winning medals at the prestigious 50th International Shooting Sport Federation (ISSF) World Shooting Championship held at Munich, Germany. In the grand felicitation ceremony, organized at Sahara Shaher Lucknow, Saharasri Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar, in presence of Mr. Avtar Singh Sethi, Officiating President, National Rifle Association of India (NRAI), gave appreciation certificates other than an incentive of Rs. 5 lac to Ms. Tejaswini Sawant, Rs. 5 lac to Mr. Gagan Narang; and Rs. 3 lac to Mr. Asher Noria.
At the 50th ISSF World Shooting Championship held at Munich, Ms. Tejaswini Sawant won Gold medal in the 50 meter rifle prone event, Mr. Gagan Narang won Bronze medal in the 10 meter air rifle event and he also became the first Indian to qualify for the 2012 London Olympics. Moreover Mr. Asher Noria clinched gold in the men’s junior double trap event of the prestigious ISSF World Shooting Championship at Munich.
Sahara India Pariwar, along with Indian Boxing, Wrestling, and Archery had earlier adopted Indian Shooting. Towards this, Sahara India Pariwar along with the National Rifle Association of India (NRAI) identified 15 shooters including many upcoming ones who are being provided support till after the Olympics at London in 2012. These shooters are part of pool of 56 sportsmen in these four games to which the group is providing support until after London Olympics 2012.
While felicitating the shooters, Mr. Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar said, “We take great pleasure in offering our warmest congratulations to all the shooters who kept the Indian flag high at the prestigious 50th ISSF World Championship 2010 held at Munich. May they continue to win fresh laurels for the country in the international sporting arena and be a beacon of hope and a fountain of inspiration as they lift the spirits of the entire Indian sporting fraternity. Indeed, their sporting triumph has spread happiness all around".
Speaking on the occasion, Ms. Tejaswini Sawant said, “I am grateful to Saharasri Ji and Sahara India Pariwar for encouraging and motivating me through this association for better performance in the upcoming prestigious meet.”
Mr. Gagan Narang said, “My heartfelt thanks to Saharasri ji and Sahara India Pariwar for recognizing my bronze medal win at the World Championship. This is my first major feat that is being recognised by a sponsor and I hope this is just a beginning. Also, with the number of medals up for grabs this year, you will see me more often.”
Mr. Asher Noria though could not make it to the ceremony, conveyed, “Though I could not make it to the ceremony, I would like to thank Saharasri Ji and Sahara India Pariwar for supporting the sport of shooting and the shooting sportsperson. The support of Sahara India Pariwar has always propelled me to deliver my best.”
Expressing his gratitude, Mr. Avtar Singh Sethi, Officiating President, NRAI Said, “ On behalf of NRAI and myself, I am thankful to Saharasri Ji for extending all possible assistance to our shooters and NRAI for promotion of shooting sport. It is because of Sahara’s support that our shooters have done extremely well and have won 2 Gold and 1 Bronze Medal and 2 Quota Places during the World Championship and inspire the leading shooters to bring more laurels to the nations during the forthcoming Commonwealth games and the London Olympics.”

Sahara Mutual Fund declares Re 1 per unit Tax-Free Dividend under Sahara Star Value Fund

Lucknow, August 12, 2010: Sahara Mutual Fund has declared Re 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 payout is 16/08/2010.
All such investors under dividend option of Sahara Star Value Fund whose name appear in the register of the unit holder’s book as on the record date, would be eligible for the dividend.
Announcing the dividend, Mr. Naresh Kumar Garg, CEO, Sahara Mutual Fund, mentioned that the Fund which follows 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 in equity/equity related instruments of select companies based on value parameters. NAV of Sahara Star Value Fund as on 10.08.2010 is Rs.12.6163.
About Sahara Mutual Fund
Sahara Mutual Fund currently manages Ten Equity Funds namely Sahara Tax Gain Fund, Sahara Growth Fund, Sahara Mid Cap Fund, Sahara Wealth Plus Fund, Sahara Infrastructure Fund, Sahara R.E.A.L. Fund (Close Ended), Sahara Power and Natural Resources Fund, Sahara Banking and Financial Services Fund, Sahara Super 20 Fund and Sahara Star Value Fund. It also manages Six Debt Funds namely Sahara Income Fund, Sahara Gilt Fund, Sahara Liquid Fund, Sahara Classic fund, Sahara Short Term Bond Fund and Sahara Interval Fund Quarterly Plan – Series 1.

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Mutual Fund Investments are subject to market risks.
Please read the Scheme Information Document carefully before investing.
Scheme Classification & Objective: The basic objective of Sahara Midcap fund is to achieve long term capital growth at medium level of risks by investing primarily in Midcap stocks.. Risk Factors: Mutual Funds and securities investments are subject to market risks and the NAV of the scheme may go up or down depending upon the factors affecting the securities market. There can be no assurance or guarantee that the Scheme objectives will be achieved. 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. The sponsor is not responsible or liable for any loss or shortfall resulting from the operations of the scheme beyond the initial contribution of Rs.1 lakh made by it towards setting up of the Mutual Fund. Sahara Midcap Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme, its future prospects or the returns. Please read the Scheme Information Document and Statement of Additional Information carefully before investing. Applicable Load: Entry Load: There is no entry load, Exit Load: 1% if redeemed on or before 12 months from date of allotment, if redeemed beyond 12 months from date of allotment: Nil.
Statutory Details: Sahara Mutual Fund has been set up as a trust under the Indian Trust Act 1882 (liability restricted to the corpus of Rs.1 lakh) with Sahara India Financial Corporation Limited as Sponsor and Board of Trustees as Trust and Sahara Asset Management Company Private Limited as the Investment Manager to Sahara Mutual Fund.