Sahara MF Registers Papers For Fixed Maturity Plan

MUMBAI: Sahara Mutual Fund has registered papers with Securities and Exchange Board of India for a fixed maturity plan. This close ended scheme, with no assured returns, will infuse in debt and money market securities, maturing in line with the scheme. The scheme will have plans of varying duration-3 months (Series 2 and 3) and 395 days (Series 2, 3 and 4). Each plans offers dividend and growth options. Investors can infuse minimum Rs 5,000 and in multiples of Re 1 thereafter in both dividend and growth options. The fund will not charge any entry load. Under Sahara FMP-3 months (Series 2, 3 & 4), redemption within one month from allotment will attract exit load of 2%. If redeemed after one month but before two months from allotment, 1.50% exit load will be imposed. Under Sahara FMP-395 days (Series 2 & 3), an exit load of 2% will be charged for redemption before six months from date of allotment. Redemption after nine months of allotment to 1 day before maturity will attract 1%. The three months plan (Series 2, 3 & 4) will track CRISIL Liquid Fund Index and FMP-395 days (Series 2 & 3) will track CRISIL Short Term Bond Index.