Escorts mutual funds Plans to launch Escorts Leading Sectors Fund. The investment objective of the scheme is to provide capital appreciation or income distribution by investing in companies from approximately Five Leading Sectors, depending upon their growth prospects and sustainability of future earnings growth. The investor can choose either dividend option with regular income or growth option with capital appreciation options. The scheme will invest 70-100% of its portfolio in equity and equity related instruments. The scheme will invest 0-30% in debt instruments, government bonds and money market instruments. There will be 2.25% entry load charged for applications below Rs 5 crore and nil for amount above Rs 5 crore.
The scheme charges an exit load of 1.00% will be levied for the investment less than Rs 5 crore, if units are redeemed within 12 months from the date of allotment. There will be 2.00% exit load charged for the investment is greater than or equal to Rs 5 crore, if units are redeemed for within 6 months from the date of allotment. The minimum investment amount is Rs. 5000 and in multiples of Re.1 thereafter.
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