ICICI Pru Power Plan and ICICI Balanced Fund declares dividend

ICICI Pru Power Plan, ICICI Balanced Fund, dividend, Dividend Announcement, Mutual Fund Dividend Announcement, ICICI Pru Power Plan, ICICI Balanced Fund,

ICICI Pru Power Plan and ICICI Balanced Fund declares dividend

ICICI Prudential Mutual Fund has declared a dividend of 10% (Re 1 per unit on a face value of Rs 10), in its open-ended equity schemes - ICICI Prudential Power Plan. The objective of the scheme is to generate long term capital appreciation through investments in core sectors & associated feeder industries. (Check out - Recent MF Dividends)

The AMC have also announced a dividend of 6% (Re 0.6 per unit on a face value of Rs 10) in ICICI Prudential Balanced Fund, an open ended balanced fund with the investment objective to generate long term capital appreciation and current income by creating a portfolio invested in equity and equity-related securities as well as in fixed income and money market.

All unit holders registered under the dividend option of the schemes as on December 24, 2009 will be eligible for this dividend. The NAV of the schemes under dividend option as on December 18, 2009 was Rs 16.03 and Rs 14.97 respectively.

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