The Hindu Business Line : Sahara MF launches Wealth Plus Fund

SAHARA Mutual Fund today announced the launch of Sahara Wealth Plus Fund with the objective of investing in equity of companies that would be wealth builders in the long term.

For this scheme, the fund has set a variable fee structure wherein customers are charged a fee based on the performance.

No fee will be charged by the asset management company of the fund if the fund does not perform, the fund statement said.

The IPO will open on July 4 and close on July 22.

The Wealth Plus Fund proposes to invest in companies that have sound track record of profitability and growth, respected management, strong position in the segment of business, niche segment players with global competitive strength, emerging businesses, and companies staging a turnaround.

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