Escorts Mutual Fund has declared 29 May 2009 as the record date for dividend distribution under Escorts Opportunities Fund. The fund house has decided to distribute Re 0.16 per unit as dividend as on the record date on the face value of Rs 10 per unit.
The scheme recorded NAVs of Rs 10.5456 per unit under dividend option and Rs 25.0810 per unit under growth option as on 21 May 2009.
The investment objective of Escorts Opportunities Fund is 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, communication sector, FMCG sector, pharmaceutical sector, cyclical sector, real estate sector, space sector cybercity sector etc.