Sahara Mutual Fund has announced the re-opening of its equity scheme “Sahara Star Value Fund” with effect from September 18, 2009. As per the provisons of the scheme, units will be offered for purchase and redemptions on all business days on an ongoing basis. The scheme debuted at Rs 10.1468 per unit as against a face value of Rs 10 per unit on September 17, 2009.
Announcing this, Mr. Naresh Kumar Garg, Chief Executive Officer, Sahara MF mentioned that the equity markets worldwide have started appreciating post early signs of economic revival. The Indian markets to is reflecting the early signs of good economic growth going forward backed by stronger government policies and good industrial production. While stock across sectors have already posted handsome gains, there are still many quality stocks which are attractive picks. Sahara Star Value Fund, which would invest in such quality stocks which hold value on relative parameters. The fund is positioned as a preferred vehicle for investors to participate in the perceived long term value creation.
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.
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September 21st, 2009
Tushar Mathur
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