ICICI MF declares dividend under two equity funds - June 15, 2008

ICICI Mutual Fund has announced 18 July 2008 as the record date for declaration of dividend under dividend option of both ICICI Prudential Tax Plan and ICICI Prudential Emerging S.T.A.R. Fund. The fund house has decided to distribute a dividend of 15% i.e. Rs 1.50 per unit on the face value of Rs 10 under both ICICI Prudential Tax Plan and ICICI Prudential Emerging S.T.A.R. Fund.

The NAV for the scheme under dividend option of ICICI Prudential Tax Plan was Rs. 17.29 as on 10 July 2008. The NAV under retail option of ICICI Prudential Emerging S.T.A.R. Fund was Rs 15.60 and that of under institutional option I was Rs 10.18 as on 10 July 2008. ICICI Prudential Tax Plan is an open-ended equity linked saving scheme with an investment objective to seek to generate long-term capital appreciation. ICICI Prudential Emerging S.T.A.R. Fund is an open-ended equity scheme, aims of generating capital appreciation by actively investing in a diversified mid cap stocks.