Tuesday, January 19, 2010

ICICI Prudential MF Declares Dividend For Emerging S.T.A.R Fund

Record date for dividend is 22 January 2010 

ICICI Prudential Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of ICICI Prudential Emerging S.T.A.R (Stocks Targetted At Returns) Fund. The record date for dividend has been fixed as 22 January 2010.

The quantum of dividend will be 15% (Re. 1.50 per unit) as on the record date which is subject to availability of distributable surplus. The NAV for the scheme was at Rs 17.00 per unit as on 14 January 2010.

ICICI Prudential Emerging S.T.A.R. Fund (IPESF) is an open-ended Equity Fund. The primary objective is to generate capital appreciation by actively investing in diversified mid cap stocks. The scheme will invest primarily in companies that have a market capitalization between 100 crore and 2000 crore.