Sahara MF declares dividend of 50% in Infrastructure fund (On Nov 27 , 2007)
Sahara Mutual Fund declared dividend under the dividend option of Sahara Infrastructure Fund. The record date for dividend is set as 30 November 2007. The quantum of dividend under the scheme will be Rs. 5.00 per unit i.e. 50 %. The NAV for the scheme as on 26 November 2007 under fixed pricing dividend option was Rs. 18.3407 whereas the NAV for the scheme under variable pricing dividend option was Rs. 18.5464 . Sahara Infrastructure fund is an open-ended equity scheme with an objective to income distribution and or medium to long-term capital gains by investing in equity/ equity related instruments of companies mainly in the infrastructure sector. The scheme carries an entry load of 2.25% for the investment below Rs 1 crore. It charges an exit load of 1.00% if the investment is less than Rs 1 crore and that too redeemed before 3 months.
Tags: Indian Mutual Funds, Mutual Funds dividend, Mutual Funds in India, Sahara Mutual Fund