Escorts Mutual Fund Declares Dividend & Bonus
Escorts Mutual Fund has approved the declaration of dividend under dividend option of Escorts Income Plan and Escorts Power & Energy Fund. Further, the fund house has declared three bonus units for every fifty units held in growth option of Escorts Income Bond Scheme. The record date for dividend and bonus declaration has been fixed as 24 February 2010.
Escorts Power & Energy Fund has the investment objective to provide income distribution and / or medium to long term capital gains by investing predominantly in equity / equity related instruments of the companies in the Power / Energy Sector and for Debt / Money Market Instruments.
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