It seems that all the mutual fund houses are set to encase upon this Banking & Financial Services sector. The latest offerings in the Banking & Financial Services mutual funds being : ICICI Prudential Banking & Financial Services Fund , Reliance Banking Exchange Traded Fund RBETF and then we see a lot of ads about the Sundaram BNP Paribas Financial Services Opportunities Fund .
Now SAHARA Mutual Fund has joined the bandwagon with their fund called Sahara Banking & Financial Services Fund.
What is the Sahara Banking & Financial Services Fund?
Sahara Banking & Financial Services Fund is yet another mutual fund trying to bet the investors money on Banking & Financial Services Sector. It's an open ended scheme and comes with 2 schemes for investment - Dividen and Growth Option.
Is this Sahara Banking & Financial Services Fund worth investing?
Nobody knows the future - one can only take a bet on that. The recent past has seen a lot of turmoil in the Banking & Financial Services stocks as there has been a huge variation in interest rates and inflation. So its you as an investor to take the call and make a bet.
What are the NFO dates for Sahara Banking & Financial Services Fund NFO?
The Sahara Banking & Financial Services Fund will open on date July 28th, 2008 and close on date 26th August 2008.
How will the assets be allocated in Sahara Banking & Financial Services Fund?
The pattern of investment in Sahara Banking & Financial Services Fund will be as follows: 75%-100% in Equity and Equity related securities of companies
whose business comprise of Banking / Financial services, 0%-25% in Debt funds, liquid funds, money market funds and 0%-10% in Money Market Securities.
What is the load structure of Sahara Banking & Financial Services Fund?
Entry load of Sahara Banking & Financial Services Fund: 2.25%
Exit Load for Sahara Banking & Financial Services Fund: NIL.
No entry load shall be charged for direct applications received by the AMC.
What are the risk factors of Sahara Banking & Financial Services Fund?
There is sector specific risk, what if the banking stock prices start falling further. The returns on this fund will be hit drastically.
Even though the banking stocks are available for cheap now, nobody is certain what will be the situation when the NFO closes and the fund manager actually buys the shares and invest the money. What is the guarantee that fund manager will take the right decision and invest your money at the cheapest possible price? What if he is afraid of volatility and decides to sit on cash instead of investing money
More information about Sahara Banking & Financial Services Fund?
Interested investors can contact Call Sahara Mutual fund at Ph (022) 67520121 or SMS MUTUAL to 59090.
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