Sahara MF declares Rs 4 dividend for its BFSI fund

MUMBAI: Sahara Mutual Fund has declared the third dividend of Rs 4 each per unit under Sahara Banking & Financial Services Fund in the last 14 months.

Company chief executive Naresh Kumar Garg said in a release on Sunday that all investors on the record date (September 3, 2010) would be eligible for the dividend.

Garg said the company's growth option NAV has grown over three times in less than two years. The scheme has delivered an annualised return of over 80 per cent since inception, which is more than double the NSE Bankex index.

Sahara Banking & Financial Services Fund is an open-ended growth scheme that aims to provide long-term capital appreciation through investment in equities and equities related securities of companies whose business comprise of banking and financial services.