Sahara Mutual Fund has declared Rs. 2.00 per unit Dividend under Sahara Tax Gain Fund. The Dividend is Tax Free in the hands of the investors. The record date for the purpose of dividend payout is 25/02/2014.
All the unit holders/beneficial owners under the respective Dividend options of the scheme whose name appears in the register of unit holders maintained by the Mutual Fund/Statement of beneficial ownership maintained by the Depositories as applicable, as at the close of business hours on the record date are entitled to dividend, subject to availability of distributable surplus under the scheme. The re-investment in units of the dividend amount, it opted for re-Investment will be done on the day immediately after the record date at ex-dividend NAV of record dale. Past performance may or may not be sustained in future. Pursuant to the payment of dividend, the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy, if any.
Announcing the Dividend, Mr. Naresh Kumar Garg, CEO – Sahara Mutual Fund mentioned that Sahara Tax Gain Fund has performed well since its inception. Considering the high growth potential of the Indian economy, the investors may reap attractive investment returns through investment in Sahara Tax Gain Fund besides availing the tax benefits.
Sahara Tax Gain Fund is an Open-Ended Equity linked Savings Scheme (ELSS) that not only helps one save tax under Section 80C of the Income Tax Ad. 1961 but also has the potential of long term growth through investments in equities. The portfolio is well diversified having an optimum number of quality stocks to maintain a medium risk level.
The NAV of Sahara Tax Gain Fund as on 20.02.2014 is Rs. 13.5677 under Dividend Option & Rs. 13.6063 under Dividend Option - Direct. The face value is Rs. 10/- per unit.
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