Friday, January 15, 2010

Sahara Banking & Financial Services Fund declares 40% Dividend

Record date for dividend is 19 January 2010 

Sahara Mutual Fund has announced dividend under dividend option of Sahara Banking & Financial Services Fund. The record date for the declaration of dividend is 19 January 2010.

The quantum of dividend will be 40% (Rs 4.00 per unit) on the record date on face value of Rs 10 per unit. The scheme recorded NAV of Rs 18.8569 as on 13 January 2010.

Sahara Banking & Financial Services Fund is an open ended sectoral fund, with an investment objective to provide long term capital appreciation through investment in equities and equities related securities of companies whose business comprise of Banking / Financial Services, either whole or in part.