Monday, October 26, 2009 09:54 AM
Escorts MF announces dividend under two schemes
Escorts Mutual Fund has announced dividend under two schemes -- Escorts Income Plan and Escorts Opportunities Fund. The fund house has fixed October 30, 2009 as the record date for dividend declaration.
The amount of dividend declared is 0.70% under Escorts Income Plan and 0.981% under Escorts Opportunities Fund.
As on October 22, 2009 the net asset value of Escorts Income Plan stood at Rs 11.1779 per unit and Escorts Opportunities Fund stood at Rs 10.2261.
Escorts Income Plan is an open-ended scheme, with the investment objective to generate current income by investing predominantly in a well-diversified portfolio of Fixed Income securities with moderate risk levels.
Escorts Opportunities Fund is an open-ended Scheme with the investment objective to generate long term capital appreciation by predominantly moving investments in a portfolio of equity and equity related securities amongst different sectors, present or future, expected to show high earnings such as technology sector, media sector, entertainment sector, communications sector, FMCG sector, pharmaceuticals sector, cyclical sector, real estate sector, space sector, cybercity sector, etc.