Lucknow, 24th May, 2010: Sahara Mutual Fund has declared 40% tax-free dividend under Sahara Mid Cap Fund. The Dividend is Tax Free in the hands of the investors. The record date for the purpose of dividend payout is 28/05/2010.
All such investors under dividend option of Sahara Mid Cap 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 given the trajectory of Indian GDP, the mid sized companies with quality managements have been capitalizing on opportunities and hence are posting above normal Growth rates. This holds well for the stakeholders of such companies in this segment. He further mentioned that Sahara Mid Cap Fund has shown remarkable performance over various time periods since its inception.
Sahara Mid Cap Fund is an Open-Ended Growth scheme that aims to provide long term capital Growth at Medium Level of risks by investing primarily in mid- cap stocks. NAV of Sahara Mid Cap Fund (Dividend Option) as on 21.05.2010 is Rs.18.6693.
Wednesday, May 26, 2010
Tuesday, May 25, 2010
Sahara ties up with Israeli firm for solar technology
Mumbai, May 25 : Sahara India Power Corp, a subsidiary of the Sahara India group, Tuesday said it has tied up with Israel-based Safesky Software to manufacture advanced solar power technologies.
The companies will also set up a demonstrative solar power plant of 5 MW at a Sahara India owned location in India.
'Safesky has advanced technologies in Solar Power, Medical, Communication and Water which will be available to Sahara India Power Corporation for marketing and manufacturing in India,' said a Sahara statement.
'This new technology is definitely going to benefit our country in a very big way. In our country, particularly in rural areas with 500 million people, the power deficit is very high and I am sure this product will definitely help our country immensely,' said Saharasri Subrata Roy, chairman, Sahara India Pariwar.
57th ‘Sahara City Homes Sheesh Mahal Cricket tournament’ from 31st May 2010
• For the first time, the tournament will be played in T20 format With White Ball, and players will be donning coloured clothing
• 8 teams from across India, constituting many National and International level players to participate in the tournament
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