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Our Bureau

Kolkata , Feb. 3

SAHARA Mutual Fund is the latest to be bitten by the retailing bug. It has mooted a fund to invest mainly in stocks of companies that specifically have retail activities.

Sahara R.E.AL Fund - the acronym stands for `Retailing - Emerging And Leaders' - will try to provide capital gains over the medium to long term. It will be benchmarked against the Nifty.

Allocating to retailing sectors stocks is not without risks, the offer document filed with SEBI has indicated. The performance of the fund will depend on the ability of these companies to achieve reasonable growth in future. The stocks at times may be relatively less liquid as compared to other growth stocks.

The fund will normally invest a minimum 70 per cent of its assets in equities.

Mr N.K. Garg, CIO of Sahara MF, has been named as fund manager.

The idea of the fund is to "capture the growth in retailing across sectors and provide an attractive long term capital appreciation to investors".

The offer document has specifically referred to areas such as textiles (examples being Century Textiles, Raymond), banking (UTI Bank, HDFC Bank, ICICI Bank), FMCG and personal care (P&G, Marico), health care (Apollo Hospitals, Wockhardt) and hotels (Indian Hotels, East India Hotels) etc.

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