Background: Sahara Asset Management Company Private Ltd. is a wholly owned by subsidiary of Sahara India Financial Corporation Limited, (SIFCL) is the flagship company of Sahara India Group. Incorporated in 1987, SIFCL is the First Residuary Non-Banking Company (RNBC) in India that has been granted certificate of registration by RBI and is considered to be a leading public deposit mobilization company in the Private sector.
The Sahara India Group has over the years emerged as a multi-service and multi-product business conglomerate with diverse interests in fields such as Aviation, Life Insurance, Parabanking, Housing, Infrastructure & Tourism, Consumer Products, and Media & Entertainment.
The fund house manages assets worth Rs 212.54 crore at the end of June 2009. Sahara Midcap Fund (G) an open-ended equity diversified scheme launched in November.
The scheme aims to achieve long term capital growth at medium level of risks by investing primarily in mid-cap stocks.
The investment manager will have the discretion to invest upto 100% of the assets in the portfolio in equity market/ equity related instruments at a given point of time.
The AMC may choose to actively thread on the portfolio of the fund in order to achieve the investment objective.
The minimum investment amount is Rs 1000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 22.41 as on 28 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 0.27 crore to Rs 8.22 crore in June 2009.
Sahara Midcap Fund (G) took fresh exposure to seven stocks in June 2009. The scheme has purchased 42445 units (2.49%) of Gujarat State Petronet, 15050 units (2.47%) of Indraprastha Gas, 13487 units (2.34%) of United Phosphorus and 5774 units (2.1%) of Hindustan Petroleum Corporation among others.
The scheme exited completely from Rashtriya Chemicals & Fertilizers by selling 27093 units (2.42%), Mercator Line by selling 28091 units (2.24%), India Infoline by selling 10006 units (1.91%) and Marico by selling 17087 units (1.49%) among others in June 2009.
Sector-wise, the scheme took fresh exposures in Pesticides/Agrochemicals-Indian at 2.34%, Hotels at 2.03% and Construction at 1.66%.
Sector-wise, the scheme exits completely from Shipping at 2.24% and Personal Care-Indian at 1.49% in June 2009.
The scheme had highest exposure to Sintex Industries with 14222 units (3.78% of portfolio size) followed by McNally Bharat Engineering Company with 23064 units (3.67%), Bajaj Auto with 2920 units (3.53%) and Shree Renuka Sugars with 18984 units (3.25%) among others in June 2009
It reduced its exposure from Jyothi Structures by selling 7281 units to 9966 units (by 1.47%), Tech Mahindra by selling 2997 units to 1201 units (1.43%), GVK Power & Infrastructure by selling 15531 units to 44753 units (1.25%) and Voltas by selling 13097 units to 16989 units (1.13%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Sugar at 11.89% (from 10.62% in May 2009), followed by Banks-Public Sector at 9.81% (5.93%), Electric Equipment at 5.40% (5.70%) and Fertilizers at 5.05% (7.47%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Fertilizers to 5.05% (by 2.42%), Transmission Line Towers/Equipment to 1.65% (by 1.47%), Computers-Software-Large to 1.07% (by 1.43%) and Finance & Investments to 2.97% (by 1.29%) among others in June 2009.
Performance: The performance of scheme is benchmarked against CNX Midcap. The scheme has outperformed the benchmark index over most of the time period.
The scheme has posted returns of 6.49% underperformed the CNX Midcap that increased by 7.07% over 1 month period ended 28 July 2009.
Over 3 months period, the scheme advanced by 67.47% outperformed the CNX Midcap that gained 55.12%. It rose by 13.77% outperformed the benchmark index that was up by 5.26% over 1 year period.
The Sahara India Group has over the years emerged as a multi-service and multi-product business conglomerate with diverse interests in fields such as Aviation, Life Insurance, Parabanking, Housing, Infrastructure & Tourism, Consumer Products, and Media & Entertainment.
The fund house manages assets worth Rs 212.54 crore at the end of June 2009. Sahara Midcap Fund (G) an open-ended equity diversified scheme launched in November.
The scheme aims to achieve long term capital growth at medium level of risks by investing primarily in mid-cap stocks.
The investment manager will have the discretion to invest upto 100% of the assets in the portfolio in equity market/ equity related instruments at a given point of time.
The AMC may choose to actively thread on the portfolio of the fund in order to achieve the investment objective.
The minimum investment amount is Rs 1000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 22.41 as on 28 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 0.27 crore to Rs 8.22 crore in June 2009.
Sahara Midcap Fund (G) took fresh exposure to seven stocks in June 2009. The scheme has purchased 42445 units (2.49%) of Gujarat State Petronet, 15050 units (2.47%) of Indraprastha Gas, 13487 units (2.34%) of United Phosphorus and 5774 units (2.1%) of Hindustan Petroleum Corporation among others.
The scheme exited completely from Rashtriya Chemicals & Fertilizers by selling 27093 units (2.42%), Mercator Line by selling 28091 units (2.24%), India Infoline by selling 10006 units (1.91%) and Marico by selling 17087 units (1.49%) among others in June 2009.
Sector-wise, the scheme took fresh exposures in Pesticides/Agrochemicals-Indian at 2.34%, Hotels at 2.03% and Construction at 1.66%.
Sector-wise, the scheme exits completely from Shipping at 2.24% and Personal Care-Indian at 1.49% in June 2009.
The scheme had highest exposure to Sintex Industries with 14222 units (3.78% of portfolio size) followed by McNally Bharat Engineering Company with 23064 units (3.67%), Bajaj Auto with 2920 units (3.53%) and Shree Renuka Sugars with 18984 units (3.25%) among others in June 2009
It reduced its exposure from Jyothi Structures by selling 7281 units to 9966 units (by 1.47%), Tech Mahindra by selling 2997 units to 1201 units (1.43%), GVK Power & Infrastructure by selling 15531 units to 44753 units (1.25%) and Voltas by selling 13097 units to 16989 units (1.13%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Sugar at 11.89% (from 10.62% in May 2009), followed by Banks-Public Sector at 9.81% (5.93%), Electric Equipment at 5.40% (5.70%) and Fertilizers at 5.05% (7.47%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Fertilizers to 5.05% (by 2.42%), Transmission Line Towers/Equipment to 1.65% (by 1.47%), Computers-Software-Large to 1.07% (by 1.43%) and Finance & Investments to 2.97% (by 1.29%) among others in June 2009.
Performance: The performance of scheme is benchmarked against CNX Midcap. The scheme has outperformed the benchmark index over most of the time period.
The scheme has posted returns of 6.49% underperformed the CNX Midcap that increased by 7.07% over 1 month period ended 28 July 2009.
Over 3 months period, the scheme advanced by 67.47% outperformed the CNX Midcap that gained 55.12%. It rose by 13.77% outperformed the benchmark index that was up by 5.26% over 1 year period.
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