Sahara Mutual Fund declares the third dividend of Rs 4 each per unit under Sahara Banking & Financial Services Fund in the last 14 months.

According to the sources, all investors on the record date (September 3, 2010) would be eligible for the dividend. Company’s growth option NAV has grown over three times in less than two years. The scheme has delivered an annualised return of over 80% since inception, which is more than double the NSE Bankex index.

As for Sahara Banking & Financial Services Fund investment portfolio, it is an open-ended growth scheme that aims to provide long-term capital appreciation through investment in equities and equities related securities of companies whose business comprise of banking and financial service.