Pru ICICI Mutual Fund Declares Dividends Under Pru ICICI Emerging S.T.A.R. Fund

Pru ICICI Mutual Fund has declared a dividend of 25% (Rs 2.5 per unit on the face value of Rs 10) in its Pru ICICI Emerging S.T.A.R. Fund (Stocks Targeted At Returns) an open-ended equity scheme. The primary objective is to generate capital appreciation by actively investing in diversified mid cap stocks.
The AMC have also announced a dividend of 18% (Rs 1.8 per unit on the face value of Rs 10) in Pru ICICI FMCG Fund, an open-ended FMCG sectoral fund, with an objective is to generate long-term capital appreciation through investments primarily in FMCG sector.

The record date for the dividends is 12 January 2007. All investors registered in the Dividend Plan of the schemes as on 12 January 2007 will receive this dividend. The NAV as on 8 January 2007, under dividend option of its Pru ICICI Emerging S.T.A.R. Fund was Rs 23.84 and under dividend option of its Pru ICICI FMCG Fund was 34.36.

The dividend as decided shall be paid, subject to availability of distributable surplus. Pursuant to payment of dividend, the NAV of the schemes would fall to the extent of payout and statutory levy (if applicable).