Sahara Banking & Financial Services Fund announces dividend of 40%
Under Sahara Banking & Financial Services Fund, Sahara Mutual Fund has declared a dividend of 40% .The record date for the purpose of dividend payout is January 19, 2010.
All investors registered under the dividend option of Sahara Banking & Financial Services Fund as on record date January 19, 2010 will receive this dividend. The NAV under the dividend plan of the scheme as on January 14, 2009 is Rs 18.9493.
Mr. Naresh Kumar Garg, CEO said that Indian economy is on the high growth path and Indian banking & financial system has proven its robustness in the economic crisis faced by global economies over the last two years. The Indian Banking system which is the backbone of our economy is balanced for better performance over medium to long term.
He stated that Sahara Banking & Financial Services Fund has shown remarkable performance ever since its launch in September 2008. It regularly mark among the Top performing funds. Based on its excellent performance, the Fund has declared two back to back dividends in the last 6 months.
Sahara Banking & Financial Services Fund is an Open-Ended Sectoral Growth scheme that intend to provide long term capital appreciation through investment in equities and equities related securities of companies engaged in Banking / Financial services, either whole or in part.
Source: moneycontrol
