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Monday, April 20, 2009

ICICI Prudential Equity & Derivative Fund declares dividend

Record date for dividend is 24 April 2009

ICICI Prudential Mutual Fund has declared dividend under the dividend option of ICICI Prudential Equity & Derivative Fund – Income Optimiser Plan. The record date is set as 24 April 2009.

The fund house has decided to distribute dividend of Re 0.50 per unit i.e. 5% the face value of Rs 10 per unit as dividend on the record date. The NAV under retail plan at Rs 10.560 per unit and under institutional plan was at Rs 10.640 per unit as on 16 April 2009.

ICICI Prudential Equity & Derivative Fund – Income Optimiser Plan is an open ended equity fund with an investment objective to seek to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.

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