Sahara MF to scale-up operations, plans nine new funds

Mumbai, Jun 29 (PTI) Sahara group's asset management arm
Sahara Mutual Fund plans to ramp up its operations and would
launch nine more equity and debt-related funds this year, a
top company official said.
"We plan to launch nine more equity and debt-related
funds this financial year. The idea is to grow our
customer-base by introducing a new array of products in line
with market requirements," Sahara Mutual Fund's CEO N K Garg
told PTI on the sidelines of a seminar here.
The company aims to double its customer-base to two
lakh by the year-end while enhancing its branch network to 30
during the period, Garg said.
Sahara MF presently offers seven equity schemes and
nine debt-related schemes. The company's Assets Under
Management (AUM) stands at nearly USD 60 million (around Rs
250 crore).
The equity schemes include Sahara Growth Fund, Tax
Gain Fund, Midcap Fund, Wealth Plus Fund, Infrastructure Fund,
Real Fund, Power and Natural Resources Fund.
The debt-oriented schemes offered by the company include
Sahara Income Fund, Liquid Fund, Gilt Fund and Classic Fund
and different Fixed Maturity Plans-395 days, Garg said. (MORE)