ICICI Prudential Mutual Fund has declared dividend in the dividend option institutional plan of ICICI Prudential Interval Fund IV– Quarterly Interval Plan-B. The fund house has decided to distribute 100% distributable surplus as dividend on the record date of 24 December 2008. the fund offers dividend for both retail and institutional plan.
The NAV under retail and institutional plan was at Rs 10.2632 and Rs 10.2715 per unit, respectively as on 17 December 2008.
ICICI Prudential Interval Fund IV– Quarterly Interval Plan-B is a debt oriented interval scheme with an investment objective to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market securities.
The scheme charges 2% as an exit load if redemption is done at anytime other than specified transaction period. No exit load will be charged for redemption during specified transaction period.
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