Wednesday, April 16, 2008

ICICI MF Declares Dividend Under FMP

ICICI Mutual Fund has announced 21 April 2008 as the record date for declaration of dividend under dividend option of ICICI Prudential Fixed Maturity Plan-Series 35-Thirteen Months Plan B.

The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 11.1175 as on 9 April 2008.

ICICI Prudential Fixed Maturity Plan-Series Series 35-Thirteen Months Plan B is a close-ended debt scheme. The investment objective of the scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments normally maturing in line with the time profile of the plan.

The scheme charges 2% an exit load for redemptions made during repurchase facility period. Redemption on maturity, it may not ask for exit load.

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