Where Net Portfolio Return( NPR) = Gross Portfolio Return...
Transcript of Where Net Portfolio Return( NPR) = Gross Portfolio Return...
Where Net Portfolio Return( NPR) = Gross Portfolio Return(GPR) -
Third Party expenses
(a) If NPR < Benchmark IMA fees = zero
AND NPR < 0
(b) If either NPR > Benchmark Actual IMA fees = ½
OR NPR > 0 of maximum permissible
IMA fees
(c) If both NPR > Benchmark Actual IMA fees = maximum
AND NPR > 0 permissible IMA fees
IMA= Investment Management and Advisory fees.
Illustration 1:
Assuming that the Benchmark return = 0.20%
(a) If NPR is (0.05)% i.e. NPR < IMA fees = zero
Benchmark and NPR < 0
(b) If NPR is 0.15% i.e. NPR < Actual IMA fees = ½ of
Benchmark but NPR > 0 maximum permissible
IMA fees
(c) If NPR is 0.30% i.e. NPR > Actual IMA fees =
Benchmark but NPR > 0 maximum permissible
IMA fees
Illustration 2:
Assuming that the Benchmark return = (0.05)%
(a) If NPR is (0.08)% i.e. NPR < IMA fees = zero
Benchmark and NPR < 0
(b) If NPR is (0.03%) i.e. NPR > Actual IMA fees = ½ of
Benchmark but NPR < 0 maximum permissible
IMA fees
(c) If NPR is 0.03% i.e. NPR > Actual IMA fees =
Benchmark and NPR > 0 maximum permissible
IMA fees
Is your MUTUAL fund truly MUTUAL?
Didn't we always believe that the word 'Mutual' is when You give
as much as you take?
Mutual Funds collect money from a number of investors, like you,
and invest it for them. In return you pay them an amount as fees.
This is what makes this business mutual. But, then, why do you
pay this fee irrespective of the scheme's performance. Is your
mutual fund truly mutual?
At Sahara Mutual Fund we truly practice the term 'mutual'. For the
first time ever in India, we are proud to launch a daily 'Variable
AMC Fee' wherein the fee is linked with the funds' performance.
For us 'Mutual' is not merely a financial word before fund, it is the
concept that drives our business...this is what makes us 'Sach Mein
Mutual' !
Variable Pricing Option:
At Sahara Mutual Fund, we take the onus for our performance by
linking it to the fee we earn. It is about building a long term
relationship. One in which we remain 'Mutually Yours' over the
years. That's why we offer the Variable Pricing Option.
How the Variable Pricing Option works:
Under the Variable Pricing Option, the AMC fee earned depends
on the scheme's daily performance.
The two conditions being considered for charging Investment
Management & Advisory fees are :
(i) Net portfolio return (NPR) > Benchmark Return
(ii) Net Portfolio Return (NPR) > 0
The fees are charged accordingly, on the basis of whether
at least one of the two conditions is met.
Sahara VARIABLE PRICING CONCEPT
Mutual is when both sides win.
match them with our stringent and robust stock selection
processes before we invest in them. We take a company's
average ROE over 3 years for consistency and better reliability
and compare it to the annual yield of a 5 - year Govt. of India
security as on 31st March of the previous financial year. The
average ROE must be at least twice the annual yield. The
companies should also have a market capitalization of at least
Rs. 100 crores at the time of investment. Companies that do not
show consistency in earnings may be avoided even though they
post higher ROE. This is to ensure steady returns to our investors.
Currently there are around 3000 stocks that are traded out of
more than 7000 listed on the bourses. Out of these 3000
companies, around 200 stocks currently qualify for investments
under this scheme. This basket of around 200 stocks would often
undergo change as more stocks, which qualify under our stringent
selection criteria, become available for investment.
Even though ROE forms the core idea, tools such as Economic
Value Added (EVA), EPS, P/E etc. and our extensive in-house
research would be used concurrently for this Scheme's portfolio
management.
Investment Pattern:
Instrument % of allocation Risk Profile
Min Max
Equity 70 100 High
Debt & Money 0 30 Low to Medium
Market Instruments
Of which 0 20 Low to Medium
Securitized debt
SAHARA WEALTH PLUS FUND
New Fund Offer Period (July 4 to July 29, 2005)
Objective: The scheme's primary objective is to invest in equity
and equity related instruments of companies that will be wealth
builders in the long term.
Benchmark : S & P CNX 500
New Fund Offer Price : Rs. 10/- per unit at par plus applicable
Load
Minimum Application : Rs.1000/- with additional investment of
Rs.500/- and in multiple of Re. 1/- thereafter
Options Available : Fixed Pricing option and Variable Pricing
Option.
Scheme choices under both Options: Dividend payout,
Dividend Reinvestment and Growth option.
Load Structure
Application Size Entry Load Exit Load/CDSC
<= 1 crore 2.25% Nil
>1 crore to <= 5 crore 1.75% Nil
> 5 crore Nil 1% if redeemed
before 3 months
Return on Equity (ROE)- The Core Idea
The return that a company gets on its equity is one of the most
important factors in making successful stock investments. Return
on Equity (ROE) provides a useful indication of how well fund
managers are employing the funds to generate returns.
We analyze companies and industries inside out before making
investments. Studying their performance of minimum 3 years, we
Sahara Wealth Plus FundSahara
Mutual is when both sides win.
SchemeF E A T U R E S
SaharaMinimum Application amount :Rs 1000/- and in multiples of Re 1/- thereafter
Entry Load (w.e.f. 01.02.05) : • 2.25% for investments < 25 lakhs •1.75% for investment > = 25 lakhs & < 1 crore• Nil for investment > = 1 crore Exit Load : Nil
Entry Load : Nil - for SIP/STP investments into Sahara MidCap FundExit Load : Normal entry load would be charged as exit load if redeemed before 12 months
for such SIP/STP investments.
The investment objective of the scheme is to achieve long term capital growth
at medium level of risks by investing primarily in mid-cap stocks. The investment
manager will have the discretion to invest upto 100% of the assets in the
portfolio in equity/equity related instruments at a given point of time.
Scheme TypeAn open - ended growth fund
Investor Profile:Ideal for investors seeking high returns at relatively medium risk across
long term horizon.
Investment Option:Investors under the Sahara Midcap Fund have the choice of Growth Plan,
Dividend Plan, Growth Auto-payout Plan and Bonus Plan.
Benchmark Index:CNX Midcap 200
Inception Date:December 31, 2004
NAV as on June 30, 2005All options: Rs. 10.9552
MIDCAP FUND
P o r t f o l i o a s o n 3 0 . 0 6 . 2 0 0 5
Past performance may or may not be sustained in future
Sector-wise Asset DistributionAsset Allocation
NAV
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Sector Security Name % of Grand % of SectorTotal Total
EQUITY SHARES
Consumer Goods Voltas Ltd. 5.24
Tata Coffee Ltd 4.61
EID Parry (India) Ltd. 3.04 16.35%
Samtel Colour Ltd. 1.89
Williamson Tea Assam Ltd. 1.57
Industrial Manufacturing KSB Pumps Ltd. 5.14
SKF India Ltd. 4.87
Engineers India Ltd. 3.7715.41%
FCI OEN Connectors Ltd. 1.63
Financial Services Tata Investment Corporation Ltd 4.56
Lakshmi Vilas Bank Ltd 2.25 9.01%
South Indian Bank Ltd 2.20
Textiles Indian Rayon & Industries Ltd 5.298.80%
Raymond Ltd 3.51
Chemicals Atul Ltd 3.41
Gujarat Alkalies and Chemicals 2.62 8.07%
Clariant India Ltd. 2.04
Cement & Cement Products Century Textiles & Industries 3.987.13%
Birla Corporation Ltd 3.14
Metals Gujarat Mineral Devel Corp 3.677.08%
Mahindra Ugine Steel Co Ltd 3.41
IT Tata Elxsi Ltd 2.945.45%
Helios & Matheson Information 2.52
Automobile Sundaram Fasteners Ltd 3.675.45%
Subros Limited 1.78
Services Essar Shipping Ltd 2.674.30%
Thomas Cook Ltd 1.62
Paper Tamil Nadu Newsprint & Papers 3.25 3.25%
Pharmaceuticals IPCA Laboratories Ltd 1.89 1.89%
Energy Indraprastha Gas 1.52 1.52%
Fertilisers & Pesticides Gujarat State Fertilisers & Che. Ltd 1.47 1.47%
Sub-Total 95.18% 95.18%
Floating Rate NCD Sundaram Finance Ltd 2.62% 2.62%
Current Assets 2.20% 2.20%
GRAND TOTAL 100.00% 100.00%
Performance (%)
Scheme/ NAV/Index 1 month 3 months IncepIndex Name
Midcap Fund 10.9552 0.94 9.45 9.55
Benchmark 2991.95 0.33 7.54 15.28
Benchmark Index:CNX Midcap 200
Note: Absolute Returns
Note: Past Performance is no guarantee of future results.
SchemeF E A T U R E S
SaharaMinimum Application amount : Rs.3000/- and additional investments in multiples of Rs.1000/-Entry Load : • 2.00% for investments < 25 lakhs •1.50% for investment >= 25 lakhs & < 1 crore
• Nil for investment > = 1 crore Exit Load : Nil
Entry Load : Nil - for SIP/STP investments into Sahara Growth FundExit Load : Normal entry load would be charged as exit load if redeemed before 12 months
for such SIP/STP investments.
GROWTH FUND
P o r t f o l i o a s o n 3 0 . 0 6 . 2 0 0 5The investment objective of the scheme is to achieve capital appreciation
by investing in equity and equity related instruments.
Scheme TypeAn open - ended growth fund
Investor Profile:Ideal for investors seeking high returns at relatively medium risk across
long term horizon.
Investment Option:Investors under the Sahara Growth Fund have the choice of Growth,
Dividend Payout Option & Dividend Reinvestment Option.
Inception Date:August 30, 2002
NAV as on June 30, 2005Dividend - Rs. 17.48
Growth - Rs. 25.34
Sector Security Name % of Grand % of SectorTotal Total
Industrial Manufacturing Bharat Electronics Ltd 6.50%
Asea Brown Boveri Ltd 6.03%
Bharat Heavy Electricals Ltd 4.87%29.93%
Larsen and Toubro Limited 4.64%
SKF India Ltd. 4.41%
Bharat Forge Ltd 3.48%
Metals Hindustan Zinc Ltd 6.03%
National Aluminium Co Ltd 4.41% 12.76%
Sesa Goa Ltd 2.32%
Automobiles Tata Motors Ltd 3.48%
Mahindra & Mahindra Ltd 3.25%11.37%
Hero Honda Motors Ltd 2.32%
Majestic Auto Ltd. 2.32%
Energy Neyveli Lignite Corporation Ltd 6.03%10.90%
National Thermal Power Corp Ltd 4.87%
Consumer Goods Voltas Ltd. 6.26%10.44%
Tata Tea Ltd 4.18%
IT Tata Consultancy Services Ltd 7.88% 7.88%
Cement & Cement products Grasim Industries Ltd 7.42% 7.42%
Current Assets 9.29% 9.29%
Grand Total 100.00% 100.00%
Sector-wise Asset DistributionAsset Allocation
Dividend DeclaredDividend declared on the face value of Rs. 10/-
Past performance may or may not be sustained in future
Dividend History:Record Date Rate % Of Div Cum Div NAV (Rs)
28.01.2005 3 rupees per unit 30.00% 19.57
25.09.2003 3 rupees per unit 30.00% 14.95
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Performance (%)
Scheme/ NAV/Index 1 Yr 2 Yrs IncepIndex Name
Growth Fund 25.34 42.20 48.12 39.98
Benchmark 2220.60 47.49 39.93 32.47
Benchmark Index:S & P CNX Nifty
Note: Annualised Returns for 1 year and CAGR for more than 1 year period
Note: Past Performance is no guarantee of future results.
SchemeF E A T U R E S
SaharaTax Gain Fund - Minimum Application amount : Rs.500/- and additional investments in multiples of Rs.500/-
Entry Load : 2.00% Exit Load : NilEntry Load : Nil - for SIP/STP investments into Sahara Tax Gain Fund
Exit Load : Normal entry load would be charged as exit load if redeemed before 12 months for such SIP/STP investments.
Dividend DeclaredDividend declared on the face value of Rs. 10/-
Past performance may or may not be sustained in future
P o r t f o l i o a s o n 3 0 . 0 6 . 2 0 0 5The objective of the scheme is to provide immediate tax relief and long term growthof capital to investors.
Scheme TypeAn open - ended Equity Linked Saving Scheme (ELSS)
Investor Profile:Ideal for investors seeking high returns at relatively medium risk across long termhorizon by investing in equity and equity related instruments.
Investment Option:Investors under the Sahara Tax Gain Fund have the choice of Growth, Dividend PayoutOption & Dividend Reinvestment Option.
Inception Date:April 1, 1997
NAV as on June 30, 2005Dividend - Rs. 47.13Growth - Rs. 94.02
Sector-wise Asset DistributionAsset Allocation
TAXGAIN FUND
Sector Security Name % of Grand % of SectorTotal Total
Industrial Manufacturing Bharat Heavy Electricals Ltd. 4.26%SKF India Ltd. 4.26%Bharat Electronics Ltd 3.83% 17.87%Asea Brown Boveri Ltd 3.40%Bharat Forge Ltd 2.13%
Metals Tata Iron & Steel Company Ltd 5.96%National Aluminium Co Ltd 3.40% 15.32%Sesa Goa Ltd 3.40%Hindalco Industries Ltd. 2.55%
Consumer Goods Tata Coffee Ltd 3.40%Hindustan Lever Ltd 3.40% 9.78%Voltas Ltd. 2.98%
Energy National Thermal Power Corp Ltd 4.26%Indraprastha Gas 2.55% 9.36%Neyveli Lignite Corporation Ltd 2.55%
Telecom Videsh Sanchar Nigam Ltd 4.68% 8.94%Mahanagar Telephone Nigam Ltd 4.26%
IT Helios & Matheson Information 5.11% 8.09%Tata Consultancy Services Ltd 2.98%
Cement & Cement Products Grasim Industries Ltd 5.53% 5.53%Automobile Mahindra & Mahindra Ltd 2.98% 5.11%
Hero Honda Motors Ltd. 2.13%Financial Services South Indian Bank Ltd 4.26% 4.68%
State Bank of Bikaner & Jaipur 0.43%Pharmaceuticals Wockhardt Ltd 4.26% 4.26%Current Assets 11.06% 11.06%GRANT TOTAL 100.00% 100.00%
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Performance (%)
*Benchmark Index:Note: Annualised Returns for 1 year and CAGR for more than 1 year periodNote: Past Performance is no guarantee of future results.
Scheme/ NAV/Index 1 Yr 3 Yrs 5 Yrs IncepIndex Name ValueGrowth Plan 94.02 53.80 36.81 4.52 32.33BSE 200* 923.08 47.70 32.99 12.38 13.60
Dividend HistoryRecord Date Rate % Of Div Cum Div NAV(Rs)19.01.2005 10 rupees per unit 100.0% 70.6123.03.2005 20 rupees per unit 200.0% 66.75
SchemeF E A T U R E S
Sahara GILT FUND
To generate risk free return and thus provide medium to long term capital gains withincome distribution along with capital gains tax relief to its Unit holders, at all timesemphasizing the importance of capital preservation.
Scheme TypeAn open - ended Gilt fund
Investor Profile:Ideal for investors with low-moderate risk appetite, PF trusts, Financial Institutions/Banks & Corporates.
Investment Option:Investors under the Sahara Gilt Fund have the choice of Growth, Dividend Payout andDividend Reinvestment Option.
Inception Date:February 21, 2002
NAV as on June 30, 2005Dividend - Rs. 10.4836Growth - Rs. 11.4640
P o r t f o l i o a s o n 3 0 . 0 6 . 2 0 0 5
AVERAGE MATURITY TENOR : 1.16 years
Asset Allocation
Dividend History (Gilt Fund) :Record Date Rate % Of Div Cum Div NAV (Rs)
12.05.2003 44 paise per unit 4.40% 10.856712.08.2003 22 paise per unit 2.20% 10.7163
15.10.2003 17.5 paise per unit 1.75% 10.9535
Performance (%)Scheme/ NAV/Index 1 Yr 3 Yrs IncepIndex Name Value
Growth Plan 11.4640 1.42 5.51 4.15
Benchmark 3483.594 3.49 8.29 7.89
Benchmark Index:I Sec Composite Index
Note: Annualised Returns for 1 year and CAGR for more than 1 year period
Note: Past Performance is no guarantee of future results.
NAV
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Portfolio Rating % of Portfolio
GOI Securities 71.22%
11.68% CG 2006 Sov 42.75%
12% CG 2008 Sov 28.47%
T Bill Sov 16.25% 16.25%
Reverse Repo 10.48% 10.48%
Net Current Assets 2.05% 2.05%
TOTAL 100.00%
Dividend DeclaredDividend declared on the face value of Rs. 10/-
Past performance may or may not be sustained in future
Gilt Fund - Minimum Application Amount : Rs.5000/- And Additional Investments In Multiples Of Rs.1000/-Entry Load : Nil Exit Load : Nil / Exit Load : < Rs.10 lakhs : 0.50% if redeemed before 6 months, => Rs.10 lacs and< Rs.5 crores :1.25% if redeemed before 1 year, = > Rs.5 crores: Nil
SchemeF E A T U R E S
Sahara
P o r t f o l i o a s o n 3 0 . 0 6 . 2 0 0 5
AVERAGE MATURITY TENOR : 40 days
"Assets Under Management as on 30th June 05 - Rs. 476.44 crores"
To create a highly liquid portfolio of good quality debt as well as money
market instruments with a view to provide high liquidity and reasonable
returns to the Unit holders.
Scheme TypeAn open - ended liquid scheme
Investor Profile:Ideal for investors who wish to park their short term surpluses at relatively
low risk. Corporate and High Net Worth investors who have temporary
surpluses can benefit from this scheme.
Investment Option:Investors under the Sahara Liquid Fund have the choice of Growth and
Dividend Reinvestment options.
Benchmark Index:Crisil Liquid Fund Index
Inception Date:February 19, 2002
NAV as on June 30, 2005Dividend - Rs. 10.2386
Growth - Rs. 12.0694
Asset Allocation
Rating Profile
Daily Dividend declaration w.e.f. February 26th, 2004
Past performance may or may not be sustained in future
Performance (%)Scheme/ NAV/Index 7days* 14 days* 1 Mth 6 Mths 1 Yr 3 Yr IncepIndex Name Value
Growth Plan 12.0694 0.11 0.21 5.33 5.26 5.09 5.33 5.76
Benchmark 1166.224 0.08 0.17 4.52 4.63 4.35 4.63 4.84
* Return upto 14 days - absolute returns
Return from 1 month to - 1 year annualised returns and return since inception - CAGR
Benchmark Index:
Crisil Liquid Fund indexNAV
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Minimum Application amount : Rs.10000/- and additional investments in multiples ofRs.5000/-
Entry Load : NilExit Load : Nil
LIQUID FUND
Portfolio Rating % of Portfolio
BONDS/ NON CONVERTIBLE DEBENTURES 15.22%
Mahindra & Mahindra Financial Services Ltd AA+ 3.15%Industrial Development Bank of India AA+ 2.15%Indian Railway Finance Corporation Ltd AAA 1.09%GE Capital Services PTC P1+SO 1.07%Canbank Factors Ltd P1+ 1.05%Citicorp Maruti Finance Ltd AAA 1.05%Manaksia Ltd PR1+ 1.05%Redington India Ltd P1+ 1.05%SREI Infrastructure Finance Ltd PR1+ 1.05%Citi Financial Consumer Finance India Ltd AAA 0.94%HDFC Ltd AAA 0.94%Tata Motors Ltd PTC AAA(SO) 0.64%FLOATING RATE NCDs 41.03%Sundaram Finance Ltd P1+ 4.94%Rabo India Finance Ltd P1+ 4.20%Berger Paints India Ltd P1+ 4.20%Global Trade Finance Ltd P1+ 4.20%United Phosphorus Ltd PR1+ 4.20%Madras Cements Ltd P1+ 3.99%Kotak Mahindra Primus Ltd P1+ 3.78%Raymond Ltd PR1+ 2.73%Srei Infrastructure Finance Ltd PR1+ 2.10%Blue Star Ltd PR1+ 2.10%Jayshree Tea & Industries Ltd A1+ 2.09%Citi Financial Consumer Finance India Ltd AAA 1.05%ICICI Securities Ltd P1+ 1.05%Industrial Development Bank of India AA+ 0.42%COMMERCIAL PAPER/CDs 10.25%ICICI Bank Ltd P1+ 3.07%IL&FS PR1+ 2.10%Allahabad Bank Ltd PR1+ 2.07%UCO Bank Ltd P1+ 1.98%Triveni Engineering & Industries Ltd A1+ 1.03%SHORT TERM DEPOSITS 11.12%IDBI Bank Ltd FD 6.30%State Bank of Bikaner & Jaipur FD 2.52%Allahabad Bank Ltd FD 1.26%Punjab National Bank Ltd FD 1.05%Reverse Repo 21.82% 21.82%Net Current Assets 0.56% 0.56%TOTAL 100.00%
SchemeF E A T U R E S
Sahara
Dividend DeclaredDividend declared on the face value of Rs. 10/-
Past performance may or may not be sustained in future
P o r t f o l i o a s o n 3 0 . 0 6 . 2 0 0 5
AVERAGE MATURITY TENOR : 0.47 years
CRISIL AAAf Rated#
Primary objective of the scheme is to generate regular income and the
secondary objective is growth of capital through investments in debt in-
struments, money market and related securities, while at all times empha-
sizing the importance of capital preservation.
Scheme TypeAn open - ended Income fund
Investor Profile:Ideal for investors seeking reasonable returns at relatively low risk across a
medium to long term investment horizon.
Investment Option:Investors under the Sahara Income Fund have the choice of Growth,
Dividend and Dividend Reinvestment options.
Inception Date:February 21, 2002
NAV as on June 30, 2005Dividend - Rs. 10.6991
Growth - Rs. 11.8869
# Rating indicates that the fund portfolio holdings provide very strong protection against losses from creditdefaults.
Disclaimer clause: The rating of CRISIL is not an opinion of the Asset Management Company's willingnessor ability to make timely payments to the Investors. The rating is also not an opinion on the stability of the NAVof the fund, which could vary with market developments.
Asset Allocation
Rating ProfilePerformance (%)
Scheme/ NAV/Index 1 Yr 3 Yrs IncepIndex Name Value
Growth Plan 11.8869 2.80 5.72 5.28
Benchmark 1226.877 3.19 6.36 6.48
Benchmark Index:
Crisil Composite Bond Fund Index
Note: Annualised Returns for 1 year and CAGR for more than 1 year period
Note: Past Performance is no guarantee of future results.
Dividend History:Record Date Rate % Of Div Cum Div NAV(Rs)
07.11.2002 20 paise per unit 2.00 10.4409
06.02.2003 25 paise per unit 2.50 10.5300
12.05.2003 18 paise per unit 1.80 10.4246
12.08.2003 22 paise per unit 2.20 12.5339
15.10.2003 17.5 paise per unit 1.80 10.6654
NAV
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INCOME FUND
Minimum Application amount : Rs 3000/- and in multiples of Rs 1000/- thereafterEntry Load : NilExit Load : <Rs 10 lakhs : 0.50% if redeemed within 6 months • >=Rs 10 lakhs : Nil
Portfolio Rating % of Portfolio
BONDS/ NON CONVERTIBLE DEBENTURES 32.36%Citi Financial Consumer Finance India Ltd AAA 16.18%HDFC Ltd AAA 16.18%FLOATING RATE NCDs 16.18%
Sundaram Finance Ltd P1+ 16.18%SOVEREIGN 31.39%11.68% CG 2006 Sov 22.01%12.00% CG 2008 Sov 9.39%Reverse Repo 16.83% 16.83%Net Current Assets 3.24% 3.24%TOTAL 100.00%
SchemeF E A T U R E S
Sahara SHORT TERM PLAN
Minimum Application amount : Rs 5000/- and in multiples of Rs 1000/- thereafterEntry Load : NilExit Load : Nil
Dividend DeclaredDividend declared on the face value of Rs. 10/-
Past performance may or may not be sustained in future
P o r t f o l i o a s o n 3 0 . 0 6 . 2 0 0 5
AVERAGE MATURITY TENOR : 1.22 days
Dividend History:Record Date Rate % Of Div Cum Div NAV (Rs)
01.02.2005 4 paise per unit 0.40% 10.4932
01.12.2004 3.5 paise 0.35% 10.4482
The Primary Objective of Sahara Income Fund is to generate regular income
and secondary objective is growth of capital through investment in debt
instruments, money market and related instruments, whilst at all times
emphasizing the importance of capital preservation.
(The overall objective of Sahara Short Term Plan would be in consonance
with the investment objective of Sahara Income Fund; however the specific
objective is to generate returns that would endeavour to generate returns
in line with Mibor linked short term papers with daily call/put option.)
Scheme TypeAn open - ended Short Term Plan#
Investor Profile:Ideal for investors who have a short-term investment horizon and wish to
avoid high volatility but expect superior returns than the Liquid Funds.
Investment Option:Investors under the Sahara STP have the choice of Growth, Dividend
Payout Option and Dividend Reinvestment Option.
Inception Date:September 11, 2002
NAV as on June 30, 2005Dividend - Rs. 10.5825
Growth - Rs. 11.7508
#The CRISIL rating which applies for the income fund is not applicable to the Short Term Plan
Asset Allocation
Rating Profile
NAV
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Portfolio Rating % of Portfolio
FLOATING RATE NCDs 64.94%
Sundaram Finance Ltd P1+ 58.44%
Jayshree Tea & Industries Ltd A1+ 6.49%
Net Current Assets 35.06% 35.06%
TOTAL 100.00%
Performance (%)Scheme/ NAV/Index 7days 14 days 1 Mth 3 Mths 1 Yr 2 Yr IncepIndex Name Value
Growth Plan 11.7508 0.06 0.12 0.43 1.78 3.86 5.11 5.93
Benchmark 1166.224 0.08 0.17 0.38 2.32 4.35 4.63 4.84
Benchmark Index:
Crisil Liquid Fund index
Note: Absolute Returns for period less than 1 year, annualised for period 1 year or more,
Note: Past Performance is no guarantee of future results.
SchemeF E A T U R E S
Sahara