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Thursday, July 30, 2009

Sahara Star Value Fund floats on

NFO period from 30 July-28 August 2009

Sahara Mutual Fund has launched new fund offer of Sahara Star Value Fund, an open-ended growth scheme on 30 July 2009. The fund will be opened for fresh subscription till 28 August 2009. The face value of the new issue is Rs 10 per unit.

The investment objective would be to provide long term capital appreciation by investing predominantly in equity / equity related instruments of select companies based on value parameters.

The scheme will offer growth & dividend options. Dividend option will further offer reinvestment facility.

The minimum investment amount for all categories of investors would be Rs 5000 and in multiples of Re 1 thereafter.

The scheme will levy an entry load of 2.25% and it will charge 1% of an exit load for the investment amount greater than or equal to Rs 5 lakh if redeemed on or before 1 year from the date of allotment and nil for the redemptions beyond one year. For investment amount less than Rs 5 lakh, no exit load will be charged.

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