Tuesday, July 1, 2008

Sahara MF To Scale-Up Operations - July 1, 2008

The Sahara group's asset management arm, Sahara Mutual Fund, plans to ramp up its operations and would launch nine more equity and debt-related funds this year.

The company aims to double its customer-base to two lakh by the year-end while enhancing its branch network to 30 during the period. Sahara MF presently offers seven equity schemes and nine debt-related schemes.

The company's Assets Under Management (AUM) stands at nearly USD 60 mn. The equity schemes include Sahara Growth Fund, Tax Gain Fund, Midcap Fund, Wealth Plus Fund, Infrastructure Fund, Real Fund, Power and Natural Resources Fund.

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