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Monday, May 25, 2009

Escorts MF declares dividend

Record date for dividend is 29 May 2009

Escorts Mutual Fund has declared 29 May 2009 as the record date for dividend distribution under Escorts Income Plan. The fund house has decided to distribute Re 0.070 per unit as dividend as on the record date on the face value of Rs 10 per unit.

Escorts Income Plan recorded NAVs of Rs 11.4175 per unit under dividend option, Rs 28.1049 per unit under growth option and Rs 14.7987 per unit under bonus option as on 21 May 2009.

The investment objective of Escorts Income Plan 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.

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