Sahara MF to scale-up operations, plans nine new funds
The Sahara group's asset management arm, Sahara Mutual Fund, plans to ramp up its operations and would launch nine more equity and debt-related funds this year.
MUMBAI: The Sahara group's asset management arm, Sahara Mutual Fund, plans to ramp up its operations and would launch nine more equity and debt-related funds this year, a top company official said.
"We plan to launch nine more equity and debt-related funds this financial year. The idea is to grow our customer-base by introducing a new array of products in line with market requirements," Sahara Mutual Fund's Chief Executive Officer, N K Garg, told PTI on the sidelines of a seminar here.
The company aims to double its customer-base to two lakh by the year-end while enhancing its branch network to 30 during the period, Garg said.
Sahara MF presently offers seven equity schemes and nine debt-related schemes. The company's Assets Under Management (AUM) stands at nearly USD 60 mn (around Rs 250 crore).
The equity schemes include Sahara Growth Fund, Tax Gain Fund, Midcap Fund, Wealth Plus Fund, Infrastructure Fund, Real Fund, Power and Natural Resources Fund.
The debt-oriented schemes offered by the company include Sahara Income Fund, Liquid Fund, Gilt Fund and Classic Fund and different Fixed Maturity Plans-395 days, Garg said.
"We plan to launch nine more equity and debt-related funds this financial year. The idea is to grow our customer-base by introducing a new array of products in line with market requirements," Sahara Mutual Fund's Chief Executive Officer, N K Garg, told PTI on the sidelines of a seminar here.
The company aims to double its customer-base to two lakh by the year-end while enhancing its branch network to 30 during the period, Garg said.
Sahara MF presently offers seven equity schemes and nine debt-related schemes. The company's Assets Under Management (AUM) stands at nearly USD 60 mn (around Rs 250 crore).
The equity schemes include Sahara Growth Fund, Tax Gain Fund, Midcap Fund, Wealth Plus Fund, Infrastructure Fund, Real Fund, Power and Natural Resources Fund.
The debt-oriented schemes offered by the company include Sahara Income Fund, Liquid Fund, Gilt Fund and Classic Fund and different Fixed Maturity Plans-395 days, Garg said.
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