Escorts Mutual Fund has announced 7 July 2011 as the record date for the declaration of dividend on the face value of Rs 10 per unit of Escorts High Yield Equity Plan.
The quantum of dividend will be Rs 0.40 per unit as on the record date. The scheme recorded NAV of Rs 11.5089 per unit under dividend option, Rs 14.4069 per unit under growth option and Rs 14.4466 per unit under bonus option as on 29 June 2011.
The investment objective of the scheme is to generate income by investing predominantly in a well diversified portfolio of equity stocks providing high dividend yield but at the same time capture long term capital appreciation as and when the opportunity arises.
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