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Monday, May 25, 2009

ICICI Pru MF declares dividend for 1 Year FMP

Record date for dividend is 28 May 2009

ICICI Prudential Mutual Fund has approved 28 May 2009 as the record date to distribute dividend under the dividend option of ICICI Prudential Fixed Maturity Plan- Series 44-1 Year Plan B, a close-ended debt fund.

The fund house has decided to offer 100% of distributable surplus as dividend as on the record date on the face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.9053 per unit under retail option as on 20 May 2009. NAVs published only once a week i.e. every Wednesday.

The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the Scheme.

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