Sahara Mutual Fund plans to launch Sahara Power Fund, a sectoral growth scheme soon, subject to Securities Exchange Board of India's approval. The open ended scheme's corpus will predominantly be deployed in equities and equity-related securities of companies engaged in the business of power generation, transmission, and distribution. It will also invest in shares of companies engaged directly or indirectly in any activity associated with the power sector. The scheme can also invest upto 25% of its corpus in debt and money market instruments.
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