• Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos

Escorts MF launches Leading Sectors Fund

Published on Thu, Jul 03, 2008 at 12:10 , Updated at Tue, Jul 08, 2008 at 16:18
Source : moneycontrol.com

Email    Print   

ads by google

Escorts Mutual Fund has launched Escorts Leading Sectors Fund, an open-ended equity scheme.  The investment objective of the scheme is to provide capital appreciation or income distribution by investing in companies from Leading Sectors, depending upon their growth prospects and sustainability of future earnings growth. (View - New Fund Offers open NOW)

A “Leading Sector” shall be the one that is growing at a rate higher than the nominal GDP of the economy. The leading sectors could include businesses that are the current priority of the government. Also, the sectors that are helped by government policies and initiatives and led by strong middle class and demographics of the country are expected to grow at a very fast rate.

The New Fund Offer for subscription at par will be kept open from July 3 to August 1, 2008.

The scheme offers two options viz. Growth and Dividend (under dividend option, the investor can choose either dividend payout or reinvestment). The minimum investment amount is Rs 5000 and in multiples of Re.1 thereafter. The scheme will charge entry load of 2.25% for applications below Rs 5 crore. For SIP, entry load will be 2.25% per transaction. Exit load of 2% for investments greater than or equal to Rs 5 crore, if redeemed within 6 months from the date of allotment and 1% for investments less than Rs 5 crore, if redeemed within 12 months from the date of allotment.

 

Asset Allocation Pattern

Instrument

Likely Proportion* (%)

Risk

Equity & Equity Related Instruments

70 -100

Medium to High

Debt Instruments, Govt. Bonds, Money Market Instruments etc.

0 - 30

Low to Medium

 

 

Scheme Benchmark: S&P CNX NIFTY
Notes: * = as a proportion of the net assets of the scheme, Under normal circumstances, atleast 70% of the value of Escorts Leading Sectors Fund’s assets will be invested in equity.

For more Mutual Fund News click here

Messages on MF Investment Help

Post a comment

Other comments

Learn to invest in equities without an iota of risk

Dear Dragonbhat, Your last paragraph makes me wonder if you or any SIP investor has suddenly lost his job or whate...

in MF Investment Help - wadia at 18-Nov-08 08:58

Learn to invest in equities without an iota of risk

Dear Dragonbhat, My dear friend, First of all thanks for ur detailed reply. In case of SIP, It`s not for the normal...

in MF Investment Help - ashalanshu at 18-Nov-08 07:15

More on Messageboard »

Rate this article

Mutual Fund Meter

Feedback

 
Hard times: Minister says accept layoffs
           .. Hard times: Minister says accept layoffs ..

CNBC TV18 CNN IBN CNBC Awaaz IBN 7 IBN LOKMAT

Chat

Ajay Bagga

CEO , Lotus India AMC

(20 Nov- 16:00hrs)

Investing in uncertain times  

Upcoming Chat Schedule »

Previous Chat Transcripts »

Poll

Will Nifty fall below 2500 by end of the November series?

Yes No

Newsletter

Keep in touch with News day & night. Subscribe to:

Mobile Services

Want us to track your stocks 24x7?

Subscribe to our Stock Messaging System

Get news on the move SMS to 52622

  • SMS M for Market News
  • SMS B for Latest Business News
  • SMS S (stock name) for latest news