Sahara Mutual Fund declares dividend

NEW DELHI: Sahara Mutual Fund has declared Rs 2 per unit dividend under the Sahara Tax Gain Fund. The dividend is tax free in the hands of the investors.
Naresh Kumar Garg, CEO — Sahara Mutual Fund said the fund has performed well since its inception. “Considering the high growth potential of the Indian economy, the investors may reap attractive investment returns through investment in the fund and avail tax benefits, a company release quoted him as saying.
The fund is an Open-Ended Equity linked Savings Scheme (ELSS) that not only helps one save tax under Section 80C of the Income Tax Act 1961 but also has the potential of long term growth through investments in equities.