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( 03 Nov 2017)
0.57% Div announced by Escorts Mutual Fund

Escorts Mutual Fund has announced 0.57 per cent dividend under dividend payout option of scheme named as “Escorts Income Plan” on the face value of Rs 10 per unit.

The record date for the dividend was November 01. The latest NAV of the scheme is Rs 11.

The investment objective of the open ended debt scheme is to generate current income and capital appreciation by predominantly investing in a well-diversified portfolio of fixed income securities with moderate risk.

The performance of the scheme was benchmarked against Crisil Composite Bond Fund Index. Pushpa Rai is the fund manager of the scheme.