In this article, we will analyse how good is this Sahara Star Value Fund NFO, whether this Sahara Star Value Fund offers anything new or unique for the investors and whether the investors should invest in Sahara Star Value Fund .
Let's begin with some details about Sahara Star Value Fund.
What are the NFO dates for Sahara Star Value Fund ?
The NFO for Sahara Star Value Fund is currently open and will close on August 28, 2009.
What is so unique about this Sahara Star Value Fund ?
In our opinion, there is nothing so unique about this Sahara Star Value Fund. It is just another fund which will be trying to gather money from investors and invest in certain selected company stocks, based upon the Value Investing Principle.
Atleast 65% of the AUM will be in equity and equity related instruments and securities, while the remaining will be in debt based securities and cash.
Investment will be in equity and equity related instruments, foreign securities, government securities & money market instruments.
The Sahara Star Value Fund will be benchmarked to BSE 200.
Unfortunately, I could not locate the information regarding the so called "Star ValueCriteria", basically the criteria for investing by this fund - even the PDF available on the Sahara Mutual Fund site is having first few pages as advertisements for this fund and rest of the pages full of details of other mutual funds from Sahara. Anyone having that info could please leave it in the comments section. Without that info, it may not be possible to say where the investor's money is going to be betted upon.
Minimum Investment:
Purchases : Rs. 5000/- and in multiple of Re.1.
SIP or Systematic Investment Plan is also available.
Investment Options for Sahara Star Value Fund :
- Growth
- Dividend (Payout and Reinvestment)
Mutual Fund NFO offers Currently Open: July & August 2009:
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- DSP BlackRock World Energy Fund: Review & Analysis
- Sahara Super 20 Fund NFO Review & Analysis
- Religare Business Leaders Fund NFO Review & Analysis
- Franklin Build India Fund FBIF NFO Review & Analysis
No Tax Benefit is available in the Sahara Star Value Fund
The entry load for Sahara Star Value Fund is as follows:
Entry Load for Sahara Star Value Fund :
Again, I could not locate any info about the entry and exit load for this fund
Exit Load for Sahara Star Value Fund:
Final Thoughts about the Sahara Star Value Fund?
Overall, this Sahara Star Value Fund is just another new fund offer, without anything unique that sets it apart from other mutual funds. betting on certain key sectors - we could not locate any info about what are these key sectors.As per the investment objective of this fund which states the following:
To provide long term capital appreciation by investing predominantly in equity and equity related instruments of select companies based on value parameters.
So overall, it appears to be another new fund offer, which will depend upon the skills of the fund managers about stock selection. Given the 35% of lower allocation to debt based instruments, this fund does not appear to be that aggressive
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