About Sahara Mutual Funds
Sahara Mutual Fund was set up in accordance with the Trust Act 1982 with the sponsorship of Sahara Indian Financial Corporation Limited and different investors. Sahara mutual fund is considered as a popular investment firm which has a trust of millions of investors. The main objective of Sahara mutual fund is to educate the people about investment by providing the right information about this financial domain. The main motto of the company is giving the topmost priority to its customer.
Sahara Mutual Fund offers various options and portfolios for reducing the risk of the investment. Since the starting of the mutual fund business, the company has been providing lots of benefit to its customers. Sahara Mutual Fund offers a wide range of mutual fund schemes in order to meet the individual investor’s requirements. The mutual fund schemes of Sahara Mutual fund help the customers to enhance their savings within limited periods.
The company offers one-stop solution for investment needs and debt specific plans for the customer. The mutual fund scheme enhances the chance of increasing the savings of the consumer.
Best Sahara Mutual Funds
Sahara Mutual Fund gives the customers an option to invest their money in a safe box. There are various opportunities to invest in Sahara Mutual fund scheme. The investors can invest in a wide range of schemes such as debt and equity and so on. Let’s have a look on the top performing funds that are offered by Sahara Mutual Fund.
|Best Sahara Mutual Fund||Type||Return 1Y||Return 3Y||Return 5Y|
|Sahara Wealth Plus Variable pricing option||Growth||-14.32||10.54||12.69|
|Sahara Wealth Plus Variable pricing Dividend||Divident||-14.32||10.54||12.69|
|Sahara Wealth Plus Variable pricing option direct growth||Growth||-13.81||11.15||13.22|
|Sahara Wealth Plus Variable pricing option direct divident||Divident||-13.81||11.15||13.22|
|Sahara Wealth Plus Fixed pricing Option||Growth||-15.73||8.34||10.73|
|Sahara Wealth Plus Fixed pricing Option Divident||Divident||-15.73||8.34||10.73|
|Sahara Wealth Plus Fixed pricing Option Direct-Growth||Growth||-15.2||8.83||11.13|
|Sahara Wealth Plus Fixed pricing Option Direct-Divident||Divident||-15.2||8.83||11.13|
|Sahara Tax Gain Direct Fund-Growth||Growth||-9.02||10.86||11.83|
|Sahara Tax Gain Direct Fund-Divident||Divident||-9.02||10.86||11.83|
|Sahara Tax Gain Fund Growth||Growth||-10.12||9.6||10.85|
|Sahara Tax Gain Fund Divident||Divident||-10.12||9.6||10.85|
|Sahara Super 20 Fund Growth||Growth||-4.71||10.31||9.31|
|Sahara Super 20 Fund Divident||Dividend||-4.71||10.31||9.31|
|Sahara Super 20 Direct Fund-Growth||Growth||-2.52||12.91||11.11|
|Sahara Star Value Fund Growth||Growth||-16.83||12.71||15.22|
|Sahara Star Value Fund Dividend||Dividend||-16.83||12.71||15.22|
|Sahara Star Value Direct Fund Growth||Growth||-16.72||12.73||16.78|
|Sahara Star Value Direct Fund-Dividend||Dividend||-16.72||12.73||16.78|
|Sahara Retailing Entertainment Auto and Logistics Fund Growth||Growth||-15.38||12.88||19.4|
|Sahara Retailing Entertainment Auto and Logistics Fund Dividend||Dividend||-15.38||12.88||19.4|
|Sahara Retailing Entertainment Auto and Logistics Direct Fund-Growth||Growth||-13.47||15.57||21.72|
|Sahara Retailing Entertainment Auto and Logistics Direct Fund-Dividend||Dividend||-13.47||15.57||21.72|
|Sahara Power &Natural Resources Fund-Growth||Growth||-18.17||15.02||13.17|
|Sahara Power &Natural Resources Fund-Dividend||Dividend||-18.17||15.02||13.17|
Sahara Mutual Fund Types
There are various categories in mutual funs which is based on the different parameters. Some of the categories aim to provide short term benefits while the remaining other focuses on the capital appreciation for a longer time frame. The investors are able to choose their funds based on their need and requirements. Sahara Mutual Fund offers the following categories.
Sahara Equity Mutual Funds
Equity mutual fund complies with growth. The investment is mostly in the capital market. It allows the investment to grow at a higher rate if it is given enough time. Those who are aiming to invest for a longer period of time, the equity-based mutual funds are the best for them. As the funds are related to the capital markets so the risk factor is also a bit higher in this fund.
Sahara Debt Funds
The debt based fund is related to the income funds. All the funds that are featured in this category are invested in securities, debt-based funds, debenture, and bonds. As the investments are in the above instrument, the funds are stable than equity counterparts. This fund is ideal for those who do not want to face high risk and want reasonable returns.
Sahara Mutual Funds
Here’s a look into the details of the most popular mutual funds that are managed by Sahara Mutual Funds. Apart from the above-mentioned fund types, there is a wide range of categories with whose all the mutual funds belong to.
Open-Ended Mutual Funds
There are no restrictions on the open ended mutual funds at the time of purchase of units. If a fund is open ended, there is no limit on the unit numbers one can buy.
Closed Ended Mutual Funds
On the other hand, there is the time frame for the unit redemption and purchase in a close ended fund. The investor may even face some caps on the unit number depending on the type of the fund.
Sahara Tax Saving Fund
Sahara Tax Gain Fund is a type of open ended mutual fund. This mutual fund belongs to equity linked savings scheme(ELSS). The investors can get quick tax relief if they adopt this mutual fund. In the long run, the plan helps the investors on the appreciation of the capital.
It is found that the fund has done well over a couple of years. This mutual fund is ideal for those who want to invest their money in the equity market for the long term. It is suitable for those people who want to avoid the risk element as this fund has a moderately high-risk element.
The investors also get tax benefits as the fund falls under the ELSS category. Those who invested their money in the fund will get the tax-saving facility under the section 80C. If the laws remain the same as they are present, the investors do not need to pay any taxes on the profits that they make by investing in the fund.
The investors can purchase this fund with minimum Rs.500 and the subsequent installments would be multiples of Rs.500. They can choose SIP option as well in this fund. Most of the investors choose SIP on monthly basis. However, the quarterly or weekly SIP also available. There will be no exit load when the investor makes redemption after the three years lock-in period.
Sahara Liquid Fund
The Sahara Liquid Fund belongs to the debt category and is an open ended mutual fund. The main objective of investing in this fund is to save capital and generate a huge chunk of returns. The investors may get relief as this fund has low risk. The investments take place in the money market so the investors get very high liquidity.
Sahara Liquid Fund is suitable for those who want some sort of regular income as the time frame varies from short term to mid-term. This fund will enable the investor to earn steady income within the given time frame. The fund was launched on 19th February, 2002 and it does not have any exit or entry loads.
Those who want to make any investment in this fund, they need to invest a minimum of Rs. 1000. The next purchase request may be in the multiples of Rs.1000. There is also a facility of SIP which the investor can choose in this fund.
Sahara Classic Fund
Sahara Classic Fund is an open ended mutual fund. It is ideal for those who want to generate steady income as it is both short, middle and long term mutual fund. The most interesting fact about the fund is that it is the combination of equity and debt which makes it balanced.
The investors can utilize the fund as income on regular basis. The investors can choose Sahara Classic Fund in their portfolio with a minimum investment of Rs.1000 for choosing the growth option and for dividend option Rs.5000 if the investor prefers lumpsum investment option. If the investor chooses for SIP, they need to pay Rs.1000 per month. On the other hand, they need to pay a minimum of Rs.2000 if he or she chooses to pay on a quarterly basis.
Benefits of Investing in Sahara Mutual Fund
Sahara Mutual Fund provides a wide range of features and benefits to its customer. The Sahara Mutual Fund is one of the most sought after among the consumers due to its unique features. Belo-enlisted is some advantages of the Sahara Mutual Fund given below:
- Sahara Mutual fund has experienced professionals and financial advisors who extend their helping hand all the time to solve the financial problem of the consumers. In addition to that, the company provides unique facilities for their customers.
- As there are low risks in the investment, the scheme provides a wide range of scheme.
- Sahara Mutual Fund provides the flexibility with which the investor can have access to invest systematically. The company provides the flexibility to withdraw the money as there is withdrawal option available.
- The tax saving schemes of Sahara Mutual Fund helps the consumers to plan on their own needs. It helps them getting exemptions on tax.
Documents Required for Making Investment in Sahara Mutual Fund
Those who are interested to invest in Sahara Mutual fund need to be KYC compliant. If any individual is not KYC compliant, he or she will be required to submit KYC application form along with the essential documents. Those who are individual investor need to submit documents that are given below for the completion of KYC verification process.
- ID proof
- PAN card
- Address Proof
Those who are not individual investors are required to provide documents relating to the registration to complete the process of KYC. After the completion of the KYC process, the investor will have access to open the investment account with Sahara Mutual Fund by submitting the documents which are given below:
- KYC acknowledgment
- Duly-filled application form
- Declaration of the third party
- A cheque of the investor’s bank account.