ICICI Prudential Mutual fund has announces change in dividend payout under the dividend option ICICI Prudential Flexible Income Plan (IP - FIP), with effect from 5 March 2009.
For investments made under the dividend payout sub-option, if the amount of dividend payout per folio is less than Rs 1 lakh then the dividend shall be mandatorily reinvested.
IP - FIP is an open ended income fund with the objective to generate income through investments in a range of debt instruments and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.
For investments made under the dividend payout sub-option, if the amount of dividend payout per folio is less than Rs 1 lakh then the dividend shall be mandatorily reinvested.
IP - FIP is an open ended income fund with the objective to generate income through investments in a range of debt instruments and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.
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