Sahara Mutual Fund declares 40% Tax Free Dividend under Sahara Tax Gain Fund

Sahara Mutual Fund has declared 40% tax-free dividend under Sahara Tax Gain Fund. The Dividend is Tax Free in the hands of the investors. The record date for the purpose of dividend payout is 12/03/2010.
All such investors under dividend option of Sahara Tax Gain Fund whose name appear in the register of the unit holder’s book as on the record date, would be eligible for dividend.
Announcing the dividend, Mr. Naresh Kumar Garg, Chief Executive Officer, Sahara Mutual Fund mentioned that the Sahara Tax Gain Fund has given consistent and superior performance to its investors since its inception. The investors in this Fund have got handsome returns besides the tax benefits. Considering the high growth trajectory of the Indian GDP, the investors may reap attractive investment returns through investment in Sahara Tax Gain Fund.
Sahara Tax Gain Fund is an open ended Equity Linked Saving Scheme (ELSS) that not only helps one save tax under section 80C of the Income Tax Act, 1961 but also has the potential of long-term growth through investments in equities. The investment style of the Fund is to capture this growth in its portfolio by the judicious selection of stocks with the prime objective of creating value for our investors. The portfolio is well diversified having an optimum number of quality stocks to maintain a medium risk level. NAV of Sahara Tax Gain Fund (Dividend Option) as on 05.03.10 was Rs.18.1819.
The scheme also has the facility of SIP (Systematic Investment Plan) offered to its investors to counter volatility and invest regularly to benefit from the growth.