Sahara R.E.A.L Fund

Sahara Mutual Fund has launched a close-ended equity fund. Named as Sahara R.E.A.L Fund, it will have a maturity period of 36 months, after which it will be converted into an open-ended fund. The new fund offer will be open between October 5, 2007 and November 2, 2007.

The fund seeks to provide long term capital gain by investing predominantly in equity and equity related of companies in the retailing, entertainment & media, auto and ancillaries and logistic sector. A ceiling of 50% of the total investible corpus would be imposed per sector in order to avoid concentration of investment.

Around 65-100 per cent of investments would be allocated to equity and equity-related instruments. Debt and money market component in the portfolio would be upto 20 per cent.

Snapshot
Face value: Rs 10
Type: Close-end, Equity Fund
Options: Growth and Dividend Reinvestment
Minimum application amount: Rs 5000
Entry load: Nil
Exit load: An exit load of 4% would be charged if the investment is redeemed within 12 months from the date of allotment.3% would be charged if the redemption is made after 12 but within 24 months and 2% would be charged if the investment is redeemed after 24 but within 36 months.
Benchmark index: CNX Nifty