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Reliance Mutual Fund awarded best equity fund house of 2008.

admin — Fri, 13 Mar 2009 06:58:57 +0000

Reliance Mutual Fund in India has been awarded the best equity fund house of the country for 2008 by an international research firm Morningstar India, the domestic arm of Morningstar Inc, a global research and information provider on stocks, mutual funds.

“The objective of awards was to recognise funds that had delivered superior performance in 2008 and also had delivered strong risk-adjusted returns for investors over the long haul, relative to appropriate benchmarks,” Reliance statement quoted Morningstar as saying.
Reliance MF remained the largest fund house in the country with an assets under management of of Rs 81,62,708 crore at the end of February 2009.

Sahara Short Term Bond Fund launched Sahara Mutual Fund unveils Sahara Short Term Bond Fund an...

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Sahara Short Term Bond Fund launched

admin — Fri, 13 Mar 2009 06:14:08 +0000

Sahara Mutual Fund unveils Sahara Short Term Bond Fund an open ended income fund which will opens on March 12 & will close on April 8.

Durin NFO period, the units of Sahara Short Term Bond Fund are available for subscription at Rs 10 per unit.There is no entry load. Under the scheme one can choose for dividend reinvestment option or growth option.

“This fund offers better opportunity to earn attractive returns besides having relative tax advantages.”Naresh Kumar Garg, Chief Executive Officer, Sahara Mutual Fund said,

The benchmark index for “Sahara Short Term Bond Fund” is CRISIL Liquid fund index.

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