Escorts Mutual fund has launched Escorts Leading Sectors Fund with the face value of Rs. 10 per unit. The offer opened on 3rd July, 2008 and closes on 1st Aug, 2008. The minimum investment amount is Rs 5000 and in multiple of Re 1 thereafter. The primary 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. The fund will invest up to 70% in equities and equity related instruments with medium to high-risk profile and 30% in debt instruments, government bonds and money market instruments. The scheme will charge an entry load of 2.25% for purchase of less than Rs.5 crore. No entry load will be charged for purchase of Rs.5 crore and above. The scheme offers growth and dividend option. Dividend option will provide with the sub-options of dividend payout and reinvestment facility. It will benchmark itself against S & P CNX Nifty.
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