Saturday, August 1, 2009

Sahara Mutual Fund Revises Shipment Structure - August 01, 2009

Sahara Mutual Fund has decided to revise the entry and exit load structure of various schemes of the fund house, with effect from 1 August 2009. Entry Load: Entry load for all existing open ended schemes of the fund house shall be Nil.

Exit Load: The fund house has revised the entry load for Sahara Growth Fund, Sahara Infrastructure Fund, Sahara Wealth Plus Fund, Sahara Power & Natural Resources Fund, Sahara Tax Gain Fund, Sahara Banking and Financial Services Fund, Sahara Midcap Fund, Sahara super 20 Fund (post unit allotment).

An exit load of 1% will be charged, if redeemed on or before 36 months and the entry load will be nil, if redeemed after 36 months.

Out of the exit load, contingent deferred sales charge (CDSC) up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes/plans in a separate account and will be utilized for payment of commissions and to meet other marketing and selling expenses.

Any amount in excess of 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme/plan immediately.

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