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Sahara MF Launches Super 20 Fund

The fund house is looking to drive gains by investing in some of India’s top companies

Sahara Mutual Fund has launched a new fund offer (NFO) called the Sahara Super 20 Fund. It is an open-end equity fund.

The scheme will invest 65 per cent and more of its assets in equity and equity-related securities of large-cap companies. The equity portfolio will comprise of around 20 companies selected from the universe of top 100 companies by market capitalization.

The scheme can also keep up to 35 per cent of its assets in fixed income instruments.

Fund Manager

The designated fund manager for the scheme is A.N. Sridhar. He is a post-graduate in Electronics and holds a Masters in Finance from NMIMS, Mumbai. He has worked with the erstwhile Unit Trust of India in various capacities for 14 years till October 2003. He has one year experience as a consultant for institutional dealings with a stock broking firm.

He is the fund manager of 9 other schemes of the Sahara MF, all together accounting for Rs 52 crore of assets under management (AUM).

Fund Family

Sahara Mutual Fund, established in 1996, is a relatively small fund house. It currently manages around Rs 200 crore, of which Rs 51 crore is under its existing 8 equity schemes.

Basic Details

Type: Open-End Equity Fund
NFO Opens: June 25, 2009
NFO Closes: July 23, 2009
Plan/Options: Growth and Dividend (Payout and Reinvestment).
Minimum Application Amount: Rs. 5,000/-
SIP Facility: Rs. 1,000/- under monthly SIP and Rs 2,000/- under quarterly SIP.
SWP Facility: Rs. 500/- under monthly SWP or Rs 1,500/- under quarterly SWP
Benchmark: S&P CNX Nifty
Load Structure:
Entry Load: 2.25%
Exit Load: For investments of Rs 1 crore or more, 1% if units are redeemed within 1 year.
No exit load is applicable for investments less than Rs 1 crore.
Annual Recurring Expense (maximum): 2.50 per cent (including investment management fee of 1.25 per cent).