New Delhi, Oct 9 (UNI) Sahara Mutual Fund today Launched Sahara REAL (retailing, entertainment&media, auto and it's ancillaries and logistics sector) fund which opens for subscription at Rs 10 per unit with minimum application amount of Rs 5,000 up to November 2.
The fund is a closed-ended equity fund with an automatic conversion into an open-ended fund upon expiring of 36 months from the date of allotment.
It aims to provide long-term capital gains by investing predominately in equity or equity related instrument of companies in retailing, entertainment and media, auto and it's ancillaries and logistics sector, company said in a statement.
''The four major sectors represented in this fund have been chosen carefully to capture the high growth potential segments of the fast growth pace of our Indian economy. It offers excellent opportunity to participate in this Indian success story,'' company Principal Officer and CEO Naresh Kumar Garg said.
Under the fund, not more than 10 per cent of the total funds may be invested in the companies in other sectors (other than retail, entertainment&media, auto&auto ancillaries and logistics) in order to capitalise on strong growth potential or potential to earn, that may emerge in future, it added.