Sahara Mutual Fund declares 40% Tax Free Dividend under Sahara Mid Cap Fund

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.