ICICI Prudential MF Declares Dividend- March 13, 2009

ICICI Prudential Mutual Fund has announced 17 March 2009 as the record date for dividend distribution under the dividend option of ICICI Prudential Fixed Maturity Plan-Series 46-Six Months Plan A (IPFMP-46-6A).

The fund house has decided to distribute 100% distributable surplus as on the record date as dividend on the face value of Rs 10 per unit. The fund recorded NAV of Rs 10.5189 per unit in the retail option and Rs 10.5304 per unit in the institutional option as on 4 March 2009.

ICICI Prudential Fixed Maturity Plan-Series 46-Six Months Plan A is a close ended debt fund with an objective to generate returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the scheme.

ICICI Pru FMCG Fund Declares Dividend - Feb 10, 2009

ICICI Prudential Mutual Fund has declared dividend under dividend options of ICICI Prudential FMCG Fund. The record date for the same is February 13, 2009. The fund house has decided to offer Rs 1.20 per unit as dividend as on the record date. The NAV as on February 5, 2009 of ICICI Prudential FMCG Fund was at Rs 20.77.

ICICI Prudential FMCG Fund is an open-ended FMCG sectoral fund with an aim to generate capital appreciation through investments primarily in FMCG Sector.

ICICI Prudential MF Is Plans To Launch ICICI Prudential Dividend Yield Fund - Jan 30, 2009

ICICI Prudential MF is planning to launch ICICI Prudential Dividend Yield Fund, which is an open-ended equity fund. The Scheme will have two options- retail option and the institutional option I. The retail option will have growth and dividend sub-options with dividend payout and dividend reinvestment facilities available under dividend sub option. While the Institutional option I will have growth sub-option only.

The scheme will invest 65%-100% in the equity & equity related securities, it invests upto 35% in other equity and equity related securities with medium to high risk profile. Equity investment includes the derivatives to the extent of 75% of the Net Assets as permitted vide SEBI and in line with this, investment in ADR/GDR up to 50% of allocation to Equity & Equity related securities, being maximum permitted under SEBI Regulations.

Besides this, the scheme will also invest upto 35% in debt and money market instruments including securitised debt of upto 50% of allocation to debt instrument

ICICI Prudential MF Announces Change In Entry Load - Jan 29, 2009

ICICI Prudential Mutual fund has announced the changes in the entry load structure of ICICI Prudential Growth Plan and these changes will be effective from January 27, 2009. Hereafter, there will be not be any entry load for fresh purchase / additional purchases/ systematic investment plan/ systematic transfer plans/switch-ins made into the scheme.

ICICI Prudential Mutual Fund Has Declared Dividend - Jan 27, 2009

ICICI Prudential Mutual Fund has declared dividend under dividend option of ICICI Prudential Interval Fund IV- Quarterly Interval Plan D. The record date for the same is January 29, 2009. The fund house has decided to distribute 100% distributable surplus as dividend on the record date. The fund offers dividend for retail plan. The NAV under retail plan as on January 22, 2009 was at Rs 10.0812 per unit.

ICICI Prudential Interval Fund IV- Quarterly Interval Plan D is a debt oriented interval scheme with an objective to generate returns by investing in a portfolio of fixed income securities/debt instruments normally maturing in line with time profile of the scheme. The Fund does not charge an entry load. On the other hand, there will be no exit load for the redemptions done during specified transaction period while 2% is applicable exit load for the redemptions at any time other than specified transaction period.

ICICI Prudential Fixed Maturity Plan-Series 42 - Jan 23, 2009

ICICI Prudential Mutual Fund has declared dividend in the dividend option of ICICI Prudential Fixed Maturity Plan-Series 42- Thirteen Months Plan B (IPFMP-42-13MB). The record date for the same is January 27, 2009. The fund house has decided to distribute 100% distributable surplus as dividend on record date. The scheme as on January 20, 2009 recorded an NAV of Rs 10.0675 per unit under institutional option. IPFMP-42-13MB is a close ended debt scheme with an objective to generate regular returns by investing in a portfolio of fixed income securities/debt instruments normally maturing inline with the time profile of the plan.

ICICI Pru MF Revises Minimum Application Amount - Jan 19, 2009

ICICI Prudential Mutual Fund has announced the revision of minimum application amount under institutional option of ICICI Prudential Income Plan as well as the ICICI Prudential Short Term Plan, with effect from January 22, 2009. According to the revision, the minimum application amount for all fresh purchases / switches under institutional option of the above mentioned schemes will be Rs 10 lakh and in multiples of Re 1 thereafter.

ICICI Prudential Income Plan is an open-ended debt fund with an objective to generate income through investments in debt securities. On the other hand, ICICI Prudential Short Term Plan is an open-ended income scheme with an objective to generate income through investments in debt securities.

ICICI Prudential Mutual Fund Has Filed Papers - Jan 15, 2009

ICICI Prudential Mutual Fund has filed papers with Securities and Exchange Board of India (SEBI) for ICICI Prudential Recovery Fund, which is an open-ended equity scheme. The units of the scheme will be available at Rs 10 per unit.

Details of the scheme:

The scheme will have a regular option and Systematic Investment Option (SIP). Apart from this, the scheme will have minimum application amount of Rs 5,000 and in multiples of Re 1 thereafter and additional amount Rs 1,000 via SIP facility. Along with this, the scheme will offer for redemption/switch-out of units at daily intervals at NAV based prices. The scheme offers growth option and dividend option. On the top of this, the scheme will charge an entry load of 2.25% while an exit load of 1% if redeemed within 12 months of investment.

The scheme aims at investing 70% to 100% in equity and equity related securities while the rest 0% to 30% in debt instruments.

ICICI Prudential AMC Launches Focussed Equity Fund

ICICI Prudential AMC announced the launch of ICICI Prudential Focussed Equity Fund, an open-ended equity scheme that aims to maximize long-term capital appreciation by investing in equity and equity related securities of about 20 companies. The Fund's stock picking universe would comprise the top 200 companies in terms of market capitalisation from the companies listed on the National Stock Exchange of India Ltd. (NSE).