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Friday, September 18, 2009

Escorts MF Declares Dividend For Income Plan

Record date for dividend is 24 September 2009

Escorts Mutual Fund has announced dividend for Escorts Income Plan. The record date for the distribution of dividend is set as 24 September 2009.

The quantum of dividend will be Rs 0.70 per unit on the face value of Rs 10 per unit on the record date. NAV for Escorts Income Plan under dividend option was at Rs 11.1965; NAV under growth option was Rs 28.2535; NAV under bonus option was Rs 14.8768 as on 17 September 2009

The investment objective of the scheme is to seek to generate current income by investing predominantly in a well-diversified portfolio of fixed income securities and money market instruments with moderate risk levels. This income may be complemented by possible dividend income.

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