Sahara Mulls To Launch Two New Mutual Funds In UP

Lucknow: Sahara Mutual Fund (SMF), the mutual fund arm of Sahara India Parivar, is set to gear up its activities in Uttar Pradesh. Sahara Mutual, currently managing over Rs 200 crore of its customers nationally, is considering some active plans for the state. SMF operates via 28 centres in Uttar Pradesh alone and targets to increase it in near future. SMF will soon unveil two new funds called Sahara Real Fund and Sahara Classic Funds in the coming months. Both these funds have acquired clearance from the Securities and Exchange Board of India (SEBI) and are in their last league launch. While Real Estate Fund will give investors an opportunity to infuse in sectors like auto ancillary, entertainment, logistics and retail, the Classic Fund is a debt-oriented fund with the flavor of equity. Sahara Mutual Fund, at present, offers nine schemes of which five are equity schemes Sahara Growth Fund, Sahara Tax Gain, Sahara Midcap Fund, Sahara Wealth Plus Fund, Sahara Infrastructure Fund.