Sahara MF launches Star Value Fund

MUMBAI: Sahara Mutual Fund launched its new equity fund christened as Sahara Star Value Fund. The new fund offer opens for subscription on Thursday, July 30. During the NFO period, the units of Sahara Star Value Fund can be subscribed at Rs. 10/- per unit (plus applicable load). The NFO would close for initial subscription on August 28.

Sahara Star Value Fund is an open ended growth scheme with the objective to provide long term capital appreciation by investing predominantly in equity and equity related instruments of select companies based on value parameters.

At least 65% of the total assets will be invested in equity and equity related securities and
upto a maximum 35% of the total assets may be invested in debt and money market instruments. Benchmark Index of the scheme is BSE 200.

Commenting on the launch Naresh Kumar Garg, chief executive officer, Sahara Mutual Fund, said, ���While the broad equity market is passing through a consolidation phase, there are many stocks available in value range across sectors and such stocks are quoting at a discount to its peers and offer potential for good returns. Sahara Star Value Fund would invest in such value stocks.���

Under the scheme one can opt for dividend option, (including dividend re-investment option) or growth option. Minimum application amount is Rs. 5,000. Systematic investment plan under the scheme is also available.