Sahara mutual fund launches new scheme
- If Pakistan has sympathy for Kashmiri youth, they shouldn’t provoke them to attack army camps: Mehbooba Mufti
- Dhaka cafe attack mastermind, 2 others killed in police encounter
- Rio 2016 review: What they did at home, what in Olympics
- Buzz of change in Maldives, Mohammed Nasheed flies secretly to Lanka
- Kashmir: Police constable shot dead by terrorists
Sahara mutual fund on Tuesday announced the launch of its new scheme Sahara Super 20 fund. The new fund offer is opened for subscription at Rs 10 per unit (plus applicable load). The NFO will close for initial subscription on July 23.
Sahara Super 20 fund is an open-ended growth scheme that aims at providing long-term capital appreciation by investing in pre-dominantly equity and equity related securities of around 20 potentially attractive companies selected out of the top 100 largest market capitalisation companies, at the point of investment. The scheme does not guarantee any assured returns, said a company release.
Naresh Kumar Garg, chief executive officer, Sahara Mutual Fund, said this is the right time to launch a scheme. "The Indian economy is showing signs of revival and is returning to a potential growth path after the global economic slowdown. Political stability is expected to show a better economic growth on the back of improvement in consumer sentiment, policy reforms and projected growth in agriculture and the services sector. It is the large cap companies, mostly the leaders of businesses, which would reflect this growth first and the fund aims at capturing the benefits by investing in such companies.
- In Kashmir, so-called solutions are riddled with contradictions and divisions
- Why personal, social and political self-identification of Dalits must count more than legal nomenclature.
- The draft surrogacy bill violates the fundamental right of people to choose modes of parenthood
- Realpolitik drives Myanmar’s outreach to India and China
- Epidemics in India are seldom followed by a long-term response
- Pakistan army has a battle to win: The corruption within