Escorts Mutual Fund has announced dividend under Escorts Income Plan, an open-end income fund. The Fund will offer 114th dividend for unit holders. The record date for the distribution of dividend is 6 March 2009.
The amount of dividend is set at Rs 0.040 per unit on the face value of Rs 10 per unit. The investment objective is to generate current income by investing predominantly in a well -diversified portfolio of fixed income securities and money market instruments with moderate risk levels.
NAV for Escorts Income Plan under dividend option was at Rs 11.1052; NAV under growth option was Rs 27.0445 and that of bonus option at Rs 14.2406 as on 26 February 2009.