Prudential ICICI MF To Pay 0.4% Dividend

Prudential ICICI Mutual Fund has come out with a dividend of 0.4% per unit of face value of Rs.10, under the dividend option of Prudential ICICI Fixed Maturity Plan-Series 34-1 Year Plan A. The fund house fixed 27 December 2006 as the record date, for the payment of dividend of Rs. 0.04 per unit, pursuant to which the NAV would fall to the extent of dividend payout and statutory levy, if applicable.

All unit holders registered on or before the record date would be eligible to receive the dividend. The NAV of the scheme stood at Rs.10.0626 per unit under the retail option and Rs 10.0659 under the institutional option, as on 20 December 2006.

Prudential ICICI Fixed Maturity Plan-Series 34-1 Year Plan A, a close ended debt fund, has an investment objective to generate regular income by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the plan.