sahara taxgain fund

SchemeF E A T U R E S

SaharaTax Gain Fund - Minimum Application amount: Rs. 500/- and additional investments inmultiple of Rs. 500/-. Load Structure (w.e.f. 01/02/2006) Entry Load: 2.25% Exit Load: NilEntry Load: Nil - for SIP/STP investments into Sahara Tax Gain FundExit Load: Normal entry load would be charged as exit load if redeemed before 12 monthsfor such SIP/STP investments.

Scheme Objective

The objective of the scheme is to provide immediate tax relief and long

term growth of capital to investors.

Unit holders can avail of deduction under Section 80C of the Income Tax

Act 1961 for investment upto Rs.1 lakh p.a.

Scheme Type

An open - ended Equity Linked Saving Scheme (ELSS)

Investor Profile:

Ideal for investors seeking high returns at relatively medium risk across

long term horizon by investing in equity and equity related instruments.

Investment Option:

Investors under the Sahara Tax Gain Fund have the choice of

a) Growth

b) Dividend Payout Option & Dividend Reinvestment Option.

Inception Date:

April 1, 1997

NAV as on April 28th, 2006

Dividend - Rs. 18.4304

Growth - Rs. 21.0911

Bonus Declared (Record Date - Aug 29, 2005)

Growth Plan - 7:1

Dividend Plan - 3:1

Benchmark Index:

BSE 200

TAXGAIN FUND

P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n 2828282828. 0. 0. 0. 0. 0 44444. 2 0 0 6. 2 0 0 6. 2 0 0 6. 2 0 0 6. 2 0 0 6

Performance (%)

*Benchmark Index: BSE 200** Adjusted for bonusNote: Annualised Returns for 1 year and CAGR for more than 1 year period

Scheme/Scheme/Scheme/Scheme/Scheme/ NAV/IndexNAV/IndexNAV/IndexNAV/IndexNAV/Index 1 Yr1 Yr1 Yr1 Yr1 Yr 3 Yrs3 Yrs3 Yrs3 Yrs3 Yrs 5 Yrs5 Yrs5 Yrs5 Yrs5 Yrs IncepIncepIncepIncepIncepIndex NameIndex NameIndex NameIndex NameIndex Name ValueValueValueValueValueTAXGAIN** 21.0911 94.07% 72.57% 36.40% 36.49%Benchmark* 1474.24 76.65% 61.02% 33.10% 17.80%

Dividend DeclaredDividend declared on the face value of Rs. 10/-

Past performance may or may not be sustained in future

Dividend during the year 2005 & 2006Record DateRecord DateRecord DateRecord DateRecord Date R a t eR a t eR a t eR a t eR a t e % of Div% of Div% of Div% of Div% of Div Cum DivCum DivCum DivCum DivCum Div

NAV(Rs)NAV(Rs)NAV(Rs)NAV(Rs)NAV(Rs)19.01.2005 Rupees 10 per unit 100.00% 70.6123.03.2005 Rupees 20 per unit 200.00% 66.7524.03.2006 Rupees 2.50 paise per unit 25.00% 19.4041

Sector Security Name % of Grand % of SectorTotal Total

EQUITY SHARESIndustrial Manufacturing Bharat Heavy Electricals Ltd 4.34

Atlas Copco (India) Ltd 4.12Bharat Electronics Ltd 4.10Crompton Greaves Ltd 3.93 26.66Larsen and Toubro Ltd 3.33EMCO Ltd 2.67SKF India Ltd. 2.50Engineers India Ltd. 1.67

Consumer Goods Rajshree Sugars & Chemicals Ltd 2.93ITC Ltd 2.92Balrampur Chini Mills Ltd 2.73 13.14Andhra Sugars Ltd 2.47Trent Ltd 2.10

Energy National Thermal Power Corp Ltd 4.18Oil & Natural Gas Corp Ltd 3.34 9.91Torrent Power AEC Ltd 2.39

IT Infosys Technologies Ltd 3.90Tata Consultancy Services Ltd 3.64 9.87Satyam Computer Services Ltd 2.33

Financial Services Bajaj Auto Finance Ltd 2.28Prime Securities Ltd 2.06

7.83Dena Bank 1.91Union Bank of India 1.58

Cement Shri Digvijay Cement 5.275.94Visaka Industries Ltd 0.67

Automobile Bosch Chassis System India Ltd. 2.424.75Mahindra & Mahindra Ltd 2.33

Metals Maharashtra Seamless Ltd 3.353.93Hindalco Industries Ltd 0.58

Textiles Indo Count Industries Ltd 1.822.83Alok Industries Ltd 1.01

Fertilisers & Pesticides Chambal Fertilisers & Chemicals Ltd 2.54 2.54Pharma Glenmark Pharmaceuticals Ltd 1.80 1.80Equity TEquity TEquity TEquity TEquity Totalotalotalotalotal 89.2089.2089.2089.2089.20 89.2089.2089.2089.2089.20ShorShorShorShorShort Tt Tt Tt Tt Term Depositserm Depositserm Depositserm Depositserm Deposits HDFC Bank Ltd 2.462.462.462.462.46 2.462.462.462.462.46Current AssetsCurrent AssetsCurrent AssetsCurrent AssetsCurrent Assets 8.348.348.348.348.34 8.348.348.348.348.34Grand TGrand TGrand TGrand TGrand Totalotalotalotalotal 100.00100.00100.00100.00100.00 100.00100.00100.00100.00100.00

Sector-wise Asset DistributionAsset Allocation

26.66%

13.14%

9.91%

9.87%

7.83%

5.94%

4.75%

3.93%

2.83%

2.54%

1.80%

2.46%

8.34%

Industrial Manufacturing

Consumer Goods

Energy

IT

Financial Services

Cement

Automobile

Metals

Textiles

Fertilisers & Pesticides

Pharma

Short Term Deposits

Current Assets


SaharaMinimum Application amount : Rs. 3000/- and additional investments in multiple of Rs. 1000/-Load Structure Entry Load : 2.25% : for investments < Rs. 1cr ;(w.e.f. 01/02/2006) NIL : for investment >= Rs. 1 cr

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 P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n 2828282828. 0. 0. 0. 0. 0 44444. 2 0 0 6. 2 0 0 6. 2 0 0 6. 2 0 0 6. 2 0 0 6Scheme Objective

The investment objective of the scheme is to achieve capital appreciation

by investing in equity and equity related instruments.

Scheme Type

An open - ended growth fund

Investor Profile:


long term horizon.

Investment Option:

Investors under the Sahara Growth Fund have the choice of

a) Growth

b) Dividend Payout Option & Dividend Reinvestment Option.

Inception Date:

August 30, 2002


Dividend - Rs. 23.0010


Benchmark Index:

S & P CNX Nifty




Dividend since September 2003Record DateRecord DateRecord DateRecord DateRecord Date R a t eR a t eR a t eR a t eR a t e % of Div% of Div% of Div% of Div% of Div Cum DivCum DivCum DivCum DivCum Div

NAV (Rs)NAV (Rs)NAV (Rs)NAV (Rs)NAV (Rs)

25.09.2003 Rupees 3 per unit 30.00% 14.95

28.01.2005 Rupees 3 per unit 30.00% 19.57

13.03.2006 Rupees 7.5 paise per unit 75.00% 28.22

Performance (%)

Scheme/Scheme/Scheme/Scheme/Scheme/ NAV/IndexNAV/IndexNAV/IndexNAV/IndexNAV/Index 1 Yr1 Yr1 Yr1 Yr1 Yr 3 Yrs3 Yrs3 Yrs3 Yrs3 Yrs IncepIncepIncepIncepIncepIndex NameIndex NameIndex NameIndex NameIndex Name ValueValueValueValueValue

Growth Fund 45.4875 87.43% 67.62% 49.78%

Benchmark 3508.35 80.72% 55.70% 39.36%

Benchmark Index: S & P CNX Nifty

Note: Annualised Returns for 1 year and CAGR for more than 1 year period


EQUITY SHARES

Industrial Manufacturing Bharat Heavy Electricals Ltd 4.17Bharat Electronics Ltd 3.78Asea Brown Boveri Ltd 3.67Walchandnagar Industries Ltd 3.50Crompton Greaves Ltd 3.14 24.40Larsen and Toubro Ltd 2.24Siemens Ltd 2.05Punj Lloyd Ltd 1.86

Consumer Goods ITC Ltd 3.60Hindustan Lever Ltd 2.05Trent Ltd 1.81 8.82Tata Tea Ltd 1.18Bajaj Hindustan Ltd 0.17

Energy Oil & Natural Gas Corp Ltd 4.628.79National Thermal Power Corp Ltd 4.17

IT Infosys Technologies Ltd 4.497.99Tata Consultancy Services Ltd 3.50

Metals Sterlite Industries Ltd 3.03Maharashtra Seamless Ltd 2.51 6.21Hindalco Industries Ltd 0.67

Pharma Glaxo Smithkline Pharmaceuticals Ltd 3.326.18Matrix Laboratories Ltd 2.86

Financial Services Union Bank Of India 2.48State Bank of India 1.61 5.33HDFC Ltd 1.24

Cement & Cement Products Shri Digvijay Cement Co Ltd 4.83 4.83Textiles Raymond Ltd 3.49 3.49Automobile Mahindra & Mahindra Ltd 3.35 3.35Telecom Mahanagar Telephone Nigam Ltd 3.18 3.18Services GE Shipping Ltd 2.73 2.73Equity TEquity TEquity TEquity TEquity Totalotalotalotalotal 85.3085.3085.3085.3085.30 85.3085.3085.3085.3085.30

ShorShorShorShorShort Tt Tt Tt Tt Term Depositserm Depositserm Depositserm Depositserm Deposits HDFC Bank Ltd 2.832.832.832.832.83 2.832.832.832.832.83

Current AssetsCurrent AssetsCurrent AssetsCurrent AssetsCurrent Assets 11.8711.8711.8711.8711.87 11.8711.8711.8711.8711.87

Grand TGrand TGrand TGrand TGrand Totalotalotalotalotal 100.00100.00100.00100.00100.00 100.00100.00100.00100.00100.00

24.40%

8.82%

8.79%

7.99%

6.21%

6.18%

5.33%

4.83%

3.49%

3.35%

3.18%

2.73%

2.83%

11.87%


Consumer Goods

Energy

IT

Metals

Pharma

Financial Services

Cement & Cement

Products

Textiles

Automobile

Telecom

Services

Short Term Deposits

Current Assets


SaharaMinimum Application amount : Rs. 1000/- and in multiples of Re. 1/- thereafter.Load Structure (w.e.f. 01/02/2006) Entry Load : 2.25% for investments < Rs. 1cr ; NIL : for investments >= Rs. 1 crExit 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/STPinvestments.

Scheme Objective

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 Type

An open - ended growth fund

Investor Profile:


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 (w.e.f. 1/08/2005): Inception Date:

S&P CNX 500 December 31, 2004


Dividend - Rs. 17.1747 Growth - Rs. 19.2391

Auto Payout - Rs. 19.2391 Bonus - Rs. 19.2391

MIDCAP FUND



Performance (%)

Scheme/Scheme/Scheme/Scheme/Scheme/ NAV/Index ValueNAV/Index ValueNAV/Index ValueNAV/Index ValueNAV/Index Value 1 Yr1 Yr1 Yr1 Yr1 Yr *Incep*Incep*Incep*Incep*IncepIndex NameIndex NameIndex NameIndex NameIndex Name

Midcap Fund 19.2391 82.89% 63.56%

Benchmark 3014.10 75.43% 47.04%

Benchmark Index: S&P CNX 500 *Annualised Returns

Dividend HistoryRecord DateRecord DateRecord DateRecord DateRecord Date RateRateRateRateRate % of Div% of Div% of Div% of Div% of Div Cum Div NAV(Rs)Cum Div NAV(Rs)Cum Div NAV(Rs)Cum Div NAV(Rs)Cum Div NAV(Rs)20.09.2005 Rs. 1.50 paise per unit 15.00% 14.2829




EQUITY SHARES

Industrial Manufacturing Crompton Greaves Ltd 5.06

SKF India Ltd. 3.10

Manugraph India Ltd 2.75

FCI OEN Connectors Ltd. 2.03

Jyoti Structures Ltd 2.02 20.46

EMCO Ltd 1.84

KSB Pumps Ltd. 1.63

Atlas Copco (India)Ltd 1.16

Tantia Constructions Ltd 0.87

Consumer Goods Balrampur Chini Mills Ltd 3.95

EID Parry (India) Ltd 3.26

Tata Tea Ltd 3.22 16.66

Rajshree Sugars & Chemicals Ltd 3.07

Sakthi Sugar Ltd 1.96

Voltas Ltd 1.19

Cement & Cement Products Shri Digvijay Cement Co Ltd 5.30

Visaka Industries Ltd 2.04 9.30

Century Textiles & Industries Ltd 1.96

Financial Services Tata Investment Corporation Ltd 4.27

Union Bank of India 2.62 7.51

Gruh Finance Ltd 0.63

Textiles Raymond Ltd 3.515.21

S Kumars Nationwide Ltd 1.70

IT Tata Infotech Ltd (Now TCS Ltd) 3.455.09

Geodesic Information System Ltd 1.64

Metals Maharashtra Seamless Ltd 3.115.01

Jindal Saw Ltd 1.90

Fertilisers & Pesticides Gujarat Narmada Valley Fert Co. Ltd 1.853.67

Gujarat State Fertilisers Corp Ltd 1.82

Energy Indraprastha Gas Ltd 2.473.64

Torrent Power AEC Ltd 1.17

Chemicals Gujarat Alkalies and Chemicals Ltd 1.653.24

Atul Ltd. 1.60

Pharma Matrix Laboratories Ltd 1.33 1.33

Equity TEquity TEquity TEquity TEquity Totalotalotalotalotal 81.1181.1181.1181.1181.11 81.1181.1181.1181.1181.11

ShorShorShorShorShort Tt Tt Tt Tt Term Depositserm Depositserm Depositserm Depositserm Deposits HDFC Bank Ltd 3.793.793.793.793.79 3.793.793.793.793.79



20.46%

16.66%

9.30%

7.51%

5.21%

5.09%

5.01%

3.67%

3.64%

3.24%

1.33%

3.79%

15.09%


Consumer Goods

Cement & Cement Products

Financial Services

Textiles

IT

Metals

Fertilisers & Pesticides

Energy

Chemicals

Pharma

Short Term Deposits

Current Assets


Sahara WEALTH PLUS FUND

Scheme Objective

The Primary objective of the fund would be to invest in equity and equity

related instruments of companies that would be wealth builders in the long

term.

Scheme Type

An open - ended growth scheme

Investor Profile:

Ideal for investors seeking consistent and growing returns over a long

period of time.

Investment Option:

Investors have the choice of option

A) Fixed Pricing Option

1) Dividend Option including Dividend Reinvestment

2) Growth Option

B) Variable Pricing Option


2) Growth Option

Benchmark Index:

S&P CNX 500

Inception Date: 1st September 2005


Fixed Pricing Option (Dividend Option) - Rs. 14.2526

Fixed Pricing Option (Growth Option) - Rs. 14.2526

Variable Pricing Option (Dividend Option) - Rs. 14.3085

Variable Pricing Option (Growth Option) - Rs. 14.3085


Sector-wise Asset DistributionAsset Allocation Performance (%) - Absolute Returns

S c h e m e /S c h e m e /S c h e m e /S c h e m e /S c h e m e / NAV/ IndexNAV/ IndexNAV/ IndexNAV/ IndexNAV/ Index S i n c eS i n c eS i n c eS i n c eS i n c eIndex NameIndex NameIndex NameIndex NameIndex Name Incep t ionIncep t ionIncep t ionIncep t ionIncep t ion

Wealth Plus Fund-VariablePricing Option 14.3085 43.09%

Wealth Plus Fund- FixedPricing Option 14.2526 42.53%

Benchmark 3014.10 40.61%

Benchmark Index: S&P CNX 500

Inception: 01/09/2005

Minimum application amount :Rs. 1000/- and additional investments of Rs. 500 and in multiples of Re. 1/- thereafter.Load Structure (w.e.f. 01/02/2006) Entry Load : 2.25% for investments < Rs. 1cr ; NIL: for investment >= Rs. 1 crExit Load : Nil

Entry Load : For SIP/STP investments into Sahara Wealth Plus Fund - Nil.Exit Load : Normal entry load would be charged as exit load if redeemed before 12 months for such SIP/STP investments.



EQUITY SHARES

Industrial Manufacturing Bharat Heavy Electricals Ltd 5.25

Larsen and Toubro Ltd 4.83

Bharat Electronics Ltd 4.75

Siemens Ltd 4.52 28.20

Crompton Greaves Ltd 4.27

Asea Brown Boveri Ltd 2.77

EMCO Ltd 1.80

Consumer Goods ITC Ltd 5.10

Balrampur Chini Mills Ltd 3.4013.47

Glaxo Smithkline Consumer Healthcare 2.59

Bajaj Hindustan Ltd 2.38

IT Infosys Technologies Ltd 4.959.36

Tata Consultancy Services Ltd 4.41

Financial Services Tata Investment Corporation Ltd. 5.557.98

HDFC Ltd 2.43

Pharma Glaxo Smithkline Pharmaceuticals Ltd 4.465.87

Matrix Laboratories Ltd 1.40

Energy Oil & Natural Gas Corp Ltd 4.95 4.95

Metals Sterlite Industries Ltd 3.814.65

Hindalco Industries Ltd 0.84

Automobile Mahindra & Mahindra Ltd 4.09 4.09

Chemicals Hikal Ltd 2.69 2.69

Construction Jaiprakash Associates Ltd 1.92 1.92

Textiles Raymond Ltd 1.32 1.32

Equity TEquity TEquity TEquity TEquity Totalotalotalotalotal 84.5084.5084.5084.5084.50 84.5084.5084.5084.5084.50

Floating Rate NCDsFloating Rate NCDsFloating Rate NCDsFloating Rate NCDsFloating Rate NCDs Mahindra & Mahindra Fin. Services Ltd 8.908.908.908.908.90 8.908.908.908.908.90

Money Market InstrumentMoney Market InstrumentMoney Market InstrumentMoney Market InstrumentMoney Market Instrument

Certificate of Deposit State Bank of Travancore 6.396.396.396.396.39 6.396.396.396.396.39



Portfolio ROE26.65%

2.69%

1.92%

1.32%

4.09%

4.65%

4.95%

5.87%

7.98%

9.36%

13.47%

28.20%

8.90%

0.21%

6.39%


Consumer Goods

IT

Financial Services

Pharma

Energy

Metals

Automobile

Chemicals

Construction

Textiles

Floating Rate NCDs

Certificate of Deposit

Current Assets


Sahara INFRASTRUCTURE FUND


Scheme ObjectiveThe investment objective is to provide income distribution and / or medium

to long term capital gains by investing predominantly in equity/ equity

related instruments of companies in the infrastructure sector.

Scheme TypeAn open-ended growth scheme.

Investor Profile:Ideal for investors seeking consistent and growing returns over a long

period of time.

Investment Option:Investors have the choice of option

A) Fixed Pricing Option


2) Growth Option

B) Variable Pricing Option


2) Growth Option

Inception Date:April 3, 2006

NAV as on April 28th, 2006Fixed Pricing Option - Dividend Option Rs 10.4413

Fixed Pricing Option - Growth Option Rs 10.4413

Variable Pricing Option - Dividend Option Rs. 10.4450

Variable Pricing Option - Growth Option Rs. 10.4450

Benchmark Index:S & P CNX Nifty

Minimum application amount Rs. 1000/- under Growth Option and Rs 5000/- under Dividend Option and additionalinvestments in multiples of Re. 1/- thereafter. Load Structure (w.e.f. 07.04.2006)Entry load: 2.25% for investments < Rs.1 cr; Nil; for investments >= Rs. 1 crExit Load: Nil

Entry Load: For SIP/STP investments into Sahara Infrastructure Fund - Nil.Exit Load: Normal entry load would be charged as exit load if redeemed within 365 days for such SIP/STP investments.

Performance (%) - Absolute Returns

S c h e m e /S c h e m e /S c h e m e /S c h e m e /S c h e m e / NAV/ IndexNAV/ IndexNAV/ IndexNAV/ IndexNAV/ Index S i n c eS i n c eS i n c eS i n c eS i n c eIndex NameIndex NameIndex NameIndex NameIndex Name Incep t ionIncep t ionIncep t ionIncep t ionIncep t ion

Infrastructure Fund-VariablePricing Option 10.4450 4.45%

Infrastructure Fund - FixedPricing Option 10.4413 4.41%

Benchmark 3508.35 1.01%

Benchmark Index: S & P CNX Nifty Inception: 03/04/2006

P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n 2828282828. 0. 0. 0. 0. 0 44444. 2 0 0 6. 2 0 0 6. 2 0 0 6. 2 0 0 6. 2 0 0 6Sector Security Name % of Grand % of Sector

Total Total

EQUITY SHARES

Industrial Manufacturing Larsen and Toubro Ltd 3.96 34.33Bharat Electronics Ltd 3.82Bharat Heavy Electricals Ltd 3.37Asea Brown Boveri Ltd 3.21Crompton Greaves Ltd 2.90EMCO Ltd 2.86Jyoti Structures Ltd 2.76Punj Lloyd Ltd 2.70Siemens Ltd 2.49KSB Pumps Ltd. 1.59Indo Asian Fusegear Ltd 1.40Alfa Laval India Ltd 1.20Walchandnagar Industries Ltd 0.84Atlas Copco India Ltd 0.64Engineers India Ltd. 0.55Ingersoll Rand (India) Ltd 0.03

Energy National Thermal Power Corp Ltd 3.70 11.48Torrent Power AEC Ltd 2.16Indraprastha Gas Ltd 2.11Oil & Natural Gas Corp Ltd 1.87Gas Authority Of India Ltd 1.64

Metals Jindal Saw Ltd 2.50 7.14Maharashtra Seamless Ltd 2.17Gujarat Mineral Development Corpn Ltd 1.31Monnet Ispat Ltd 1.17

Financial Services HDFC Ltd 2.63 5.95State Bank of India 1.83UTI Bank Ltd 1.49

Telecom Videsh Sanchar Nigam Ltd 2.52 3.97Tata Teleservices Ltd 1.45

Construction Hindustan Construction Co. Ltd 1.82 3.93Tantia Constructions Ltd 1.20Gammon India Ltd. 0.92

Cement & Cement Products Jai Prakash Associate Ltd. 3.30 3.30Consumer Goods Voltas Ltd 2.30 2.30Services GE Shipping Ltd 1.66 1.66Automobile Mahindra & Mahindra Ltd 0.41 0.41Equity TEquity TEquity TEquity TEquity Totalotalotalotalotal 74.4674.4674.4674.4674.46 74.4674.4674.4674.4674.46Floating Rate NCDFloating Rate NCDFloating Rate NCDFloating Rate NCDFloating Rate NCD Sterlite Industries Ltd 2.862.862.862.862.86 2.862.862.862.862.86Money Market InstrumentMoney Market InstrumentMoney Market InstrumentMoney Market InstrumentMoney Market InstrumentCertificate of Deposit State Bank of Travancore 6.556.556.556.556.55 6.556.556.556.556.55Current AssetsCurrent AssetsCurrent AssetsCurrent AssetsCurrent Assets 16.1316.1316.1316.1316.13 16.1316.1316.1316.1316.13Grand TGrand TGrand TGrand TGrand Totalotalotalotalotal 100.00100.00100.00100.00100.00 100.00100.00100.00100.00100.00


3.97%

3.93%

3.30%

2.30%

1.66%

0.41%

6.55%

16.13%

34.33%

11.48%

7.14%

5.95%

2.86%


Energy

Metals

Financial Services

Telecom

Construction

Cement & Cement Products

Consumer Goods

Services

Automobile

Floating Rate NCD


Current Assets


SaharaGilt Fund Minimum Application Amount : Rs. 5000/- And Additional Investments In Multiples of Rs. 1000/-Load Structure (w.e.f. 01/02/2006) Entry Load : NilExit Load : < Rs. 5cr : 1% if redeemed before 1year; => Rs 5cr: NILShort Term Plan Minimum Application amount : Rs. 5000/- in multiples of Rs. 1000/- thereafter.Entry Load : NilExit Load : Nil

GILT FUND & SHORT TERM PLAN

Scheme ObjectiveTo generate risk free return and thus provide medium to long term capital

gains with income distribution along with capital gains tax relief to its unit

holders, at all times emphasizing 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

a) Growth

b) Dividend Payout and Dividend Reinvestment Option.

Inception Date:February 21, 2002

NAV as on April 28th, 2006Dividend - Rs. 10.8666


Benchmark Index:I Sec Composite Index


AVERAGE MATURITY TENOR : 0.0027 years

Performance (%)Scheme/Scheme/Scheme/Scheme/Scheme/ NAV/IndexNAV/IndexNAV/IndexNAV/IndexNAV/Index 1 Yr1 Yr1 Yr1 Yr1 Yr 3 Yrs3 Yrs3 Yrs3 Yrs3 Yrs IncepIncepIncepIncepIncepIndex NameIndex NameIndex NameIndex NameIndex Name ValueValueValueValueValue

Growth Opt 11.8829 4.65% 3.0893% 4.2876%

Benchmark 3610.184 7.159% 4.793% NA*

Benchmark Index: I Sec Composite Index* Base date of index being 31/03/2002Note: Annualised Returns for 1 year and CAGR for more than 1 year period

Portfolio Rating % of Portfolio

Reverse Repo 100.00% 100.00%

TOTAL 100.00%


AVERAGE MATURITY TENOR : 17 days

Scheme ObjectiveThe 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

a) Growth Option

b) Dividend Payout Option and Dividend Reinvestment Option.

Inception Date:September 11, 2002



Benchmark Index:Crisil Liquid Fund index

Asset Allocation

Performance (%)Scheme/ NAV/Index 6 Mths 1 Yr IncepIndex Name Value

Growth Plan 12.2738 5.0058% 4.9007% 5.7749%

Benchmark 1217.401 5.743% 5.204% 4.940%Benchmark Index: Crisil Liquid Fund indexNote: Annualised returns


Certificate of Deposit 9.44

State Bank of Travancore P1+ 9.44%

Net Current Assets/Reverse Repo 90.56% 90.56

TOTAL 100.00%



Sahara


AVERAGE MATURITY TENOR : 90 days

Scheme ObjectiveTo 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 Type Inception Date:An open - ended liquid scheme February 19, 2002

Investor Profile:Ideal for investors who wish to park their short term surpluses at relatively

low risk. Corporate and High Net Worth investors and individual investors

who have temporary surpluses can benefit from this scheme.

Investment Options:

NAV as on April 28th, 2006Fixed Pricing - Daily Dividend Option - Rs. 1024.2984

Fixed Pricing - Growth Option - Rs. 1263.1733

Fixed Pricing - Weekly Dividend Option - Rs. 1024.6207

Fixed Pricing - Monthly Dividend Option - Rs. 1023.8567

Variable Pricing - Daily Dividend Option - Rs. 1024.3084

Variable Pricing - Weekly Dividend Option - Rs. 1024.6174

Variable Pricing - Monthly Dividend Option - Rs. 1024.6461

Variable Pricing - Growth Option - Rs. 1264.6283

The Face Value of the units have been changed from Rs. 10/- per unit to Rs. 1000/- per unit by consolidation

of units w.e.f. 27th October,2005.

Also, the Variable Pricing Option has been introduced under the scheme w.e.f. 27th October, 2005.

Rating indicates that the fund portfolio holdings provide very strong protection against losses from credit defaults.

Disclaimer clause: The rating of CRISIL is not an opinion of the Asset Management Company's willingness or ability

to make timely payments to the Investors. The rating is also not an opinion on the stability of the NAV of the fund,

which could vary with market developments.

Rating Profile

Daily Dividend declaration w.e.f. February 26th, 2004


Performance (%)Scheme/ NAV/Index 7days 14 days 1 Mth 6 Mths 1 Yr IncepIndex Name Value

Variable PricingGrowth Option 1264.6283 6.2409% 6.2053% 6.2379% 5.9426 N.A 5.9332%

Fixed PricingGrowth Option 1263.1733 6.0579% 6.0243% 6.0552% 5.7046% 5.6351% 5.7134%

Benchmark 1217.401 4.568% 5.93% 9.013% 5.743% 5.204% N.A**

**Base date of index being 31/03/2002Returns - AnnualisedValuation of securities is being done by CRISIL

Benchmark Index: Crisil Liquid Fund Index

Minimum Application amount : Rs. 10000/- and additional investments in multiples ofRs. 5000/-

Entry Load : NilExit Load : Nil

LIQUID FUND

Asset Allocation

Fixed Pricing OptionFixed Pricing OptionFixed Pricing OptionFixed Pricing OptionFixed Pricing Option Variable Pricing OptionVariable Pricing OptionVariable Pricing OptionVariable Pricing OptionVariable Pricing Option(a) (i) Dividend Re-investment Option- (a) (i) Dividend Re-investment Option-

Daily Dividend / Weekly Dividend / Daily Dividend / Weekly Dividend /

Monthly Dividend Monthly Dividend

(ii) Payout – Monthly Dividend (ii) Payout – Monthly Dividend

(b) Growth Option (b) Growth Option

CRISILRatingAAAf

Value Research Debt- Ultra Short TermRATINGS * * * *


COMMERCIAL PAPER/CDs 42.50%

UCO Bank Ltd P1+ 13.42%

UTI Bank Ltd P1+ 13.41%

IDBI Ltd P1+ 6.81%

ABN Amro Bank A1+ 6.57%


BONDS/ NON CONVERTIBLE DEBENTURES 25.52%

Kotak Mahindra Investments Ltd A1+ 10.64%

ICICI Bank Ltd PTC AAA(SO) 3.96%

UTI Bank Ltd PTC AAA(SO) 3.82%

Kotak Mahindra Primus Ltd P1+ 3.55%

ICICI Bonds AAA 3.55%

FLOATING RATE NCDs 25.26%

Power Finance Corporation Ltd AAA 7.09%

Citi Financial Consumer Finance India Ltd AAA 3.55%

HDFC Ltd AAA 3.55%

Kotak Mahindra Primus Ltd P1+ 3.55%

Global Trade Finance P Ltd P1+ 3.55%

HUDCO Ltd PR1+ 3.26%

Mahindra & Mahindra Financial Services Ltd P1+ 0.71%

SHORT TERM DEPOSITS 3.55%

Lakshmi Vilas Bank Ltd FD 3.55%

Net Current Assets/Reverse Repo 3.17% 3.17%

TOTAL 100.00%

Commercial Paper/cds

Bonds/ Non Convertible Debentures

Floating Rate Ncds

Short Term Deposits

Net Current Assets/Reverse Repo

42.50%

25.52%

25.26%

3.55%

3.17%


Sahara INCOME FUND

Minimum Application amount : Rs. 3000/- in multiples of Rs. 1000/- thereafter.Load Structure (w.e.f. 01/02/2006) Entry Load : NilExit Load : < = Rs. 10 lakhs : 0.50% if redeemed within 6 months; > Rs. 10 lacs: Nil



P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n P o r t f o l i o a s o n 2828282828. 0. 0. 0. 0. 0 44444. 2 0 0 6. 2 0 0 6. 2 0 0 6. 2 0 0 6. 2 0 0 6 Scheme ObjectivePrimary objective of the scheme is to generate regular income and the

secondary objective is growth of capital through investments in debt

instruments, money market and related securities, while at all times

emphasizing 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



Benchmark Index:Crisil Composite Bond Fund Index

Asset Allocation

Rating Profile

Performance (%)Scheme/Scheme/Scheme/Scheme/Scheme/ NAV/IndexNAV/IndexNAV/IndexNAV/IndexNAV/Index 1 Yr1 Yr1 Yr1 Yr1 Yr 3 Yrs3 Yrs3 Yrs3 Yrs3 Yrs IncepIncepIncepIncepIncepIndex NameIndex NameIndex NameIndex NameIndex Name ValueValueValueValueValue

Growth Plan 12.2725 4.0095% 4.1884% 5.0954%

Benchmark 1259.241 4.365% 3.722% N.A*

Benchmark Index: Crisil Composite Bond Fund Index

* Base date of index being 31/03/2002

Note: Annualised Returns for 1 year and CAGR for more than 1 year period

Dividend History:Record DateRecord DateRecord DateRecord DateRecord Date RateRateRateRateRate % of Div% of Div% of Div% of Div% of Div Cum Div NAV(Rs)Cum Div NAV(Rs)Cum Div NAV(Rs)Cum Div NAV(Rs)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


COMMERCIAL PAPER/CDs 72.50

ABN Amro Bank A1+ 8.50%


FLOATING RATE NCDs 20.00%

HUDCO Ltd PR1+ 20.00%

Net Current Assets/Reverse Repo 7.50% 7.50%

TOTAL 100.00%

AVERAGE MATURITY TENOR : 0.35 years

72.50%

20.00%

7.50%

CP/CDs

Floating Rate NCDs

Net Current Assets/Reverse

Repo

92.50%

7.50%

AAA/ P1+/A1+/PR1+

Current Assets

sahara taxgain fund

Documents