Sahara MF Declares Dividend For Infrastructure Fund

Sahara Mutual Fund has approved the declaration of dividend under the dividend option of Sahara Infrastructure Fund. The record date for dividend is set as 30 November 2007. The quantum of dividend under scheme will be Rs. 5.00 per unit i.e. 50 %. The NAV for the scheme under fixed pricing dividend option was Rs. 17.9625 as on 23 November 2007 whereas the NAV for the scheme under variable pricing dividend option was Rs. 18.1629 as on 23 November 2007

Sahara Growth fund is an open-ended equity scheme with an objective to income distribution and or medium to long-term capital gains by investing in equity/ equity related instruments of companies mainly in the infrastructure sector. The scheme carries an entry load of 2.25% for the investment below Rs 1 crore. It charge an exit load of 1.00% if the investment is less than Rs 1 crore and that too redeemed before 3 months