Sahara Mutual Fund has approved the declaration of dividend under dividend option of Sahara Banking & Financial Services Fund. The quantum of declaration will be Rs 2.50 per unit. The record date is April 29, 2011.
Sahara Banking and Financial Services Fund launched in August 2008, is an Equity- Banking Fund. This is the 4th dividend declared by the fund. Prior to this, it declared a 40 per cent dividend in September 2010.