Escorts Mutual Fund has announced 0.72 per cent dividend under dividend payout option of scheme named as “Escorts Short Term Debt Fund” on the face value of Rs 10 per unit.

The record date for the dividend was December 05. The latest NAV of the scheme is Rs 14.65.

The investment objective of the open ended debt scheme is to invest in various floating rate debt and money market instruments, fixed rate debt and money market instruments swapped for floating rate returns and fixed rate debt instruments.

The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Pushpa Rai is the fund manager of the scheme.