Dec 29 set as record date for div under “Escorts Income Bond”

Escorts Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “Escorts Income Bond” on the face value of Rs 10 per unit.

The record date for the dividend is December 29. The latest NAV of the scheme is Rs 35.60.

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

The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Anuj Jain is the fund manager of the scheme.