Sahara Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Sahara Star Value Fund an open-ended growth scheme. The face value of the new issue will be Rs 10 per unit. The investment objective would be to provide long term capital appreciation by investing mainly in equity / equity related instruments of select companies based on value parameters.The scheme will offer growth & dividend options. Dividend option will further offer reinvestment facility.
The minimum investment amount for all categories of investors would be Rs 5000 and in multiples of Re 1 thereafter for both dividend as well as the growth option. The default option would be dividend re investment option. The scheme seeks to collect a minimum corpus of Rs 1 lakh during NFO period. The scheme will invest 65%-100% in equity and equity related instruments. It invests upto 35% in debt and money market instruments including securitized debt. Investment in securitized debt will not normally exceed 50% of the debt component of the scheme.
The minimum investment amount for all categories of investors would be Rs 5000 and in multiples of Re 1 thereafter for both dividend as well as the growth option. The default option would be dividend re investment option. The scheme seeks to collect a minimum corpus of Rs 1 lakh during NFO period. The scheme will invest 65%-100% in equity and equity related instruments. It invests upto 35% in debt and money market instruments including securitized debt. Investment in securitized debt will not normally exceed 50% of the debt component of the scheme.
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