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IST
Escorts Mutual Fund has launched Escorts Leading Sectors Fund, an open-ended equity scheme seeks 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.
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
Scheme Benchmark: S&P CNX NIFTY For more Mutual Fund News click here
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