Posts filed under 'ICICI Prudential MF'
ICICI Prudential Tax Plan is an ELSS Tax Saver Mutual Fund. The Investment objectives of the scheme are: “To seek to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities”. The scheme is largely into Services, Energy, Construction, Technology and Financial Service stocks and has Reliance Industries, Sadbhav Engineering, ICICI Bank, Tata Tea, Zee Entertainment Enterprises as about 25% of its holding.
The scheme has 8 dividend announcements since March 2000. The most recent dividend was for 20% announced in August 2000.
The scheme is a kind of laggard compared to its peers though the returns are consistent during the previous quarters, thanks for the positive movement of stocks across the board.
January 14th, 2008
ICICI Prudential Mutual Fund is coming up with a New Fund Offer. This new fund is called ICICI Prudential Real Estate Securities Fund.
(The scheme will not be directly owning or holding real estate properties) is a 3-yr. close-ended debt fund, offering you an investment vehicle which seeks to gain from this opportunity. The scheme will invest in both high yielding debt securities (51% to 100%) and in equity (up to 49%) of companies that benefit directly or indirectly from the Real Estate Sector or have substantial investments in property (incl. land holdings).
The new fund offer of this scheme closes on December 14, 2007
December 1st, 2007
Investors who wish to opt for resumption in less than 6 months will now have to pay an exit load. Starting October 8, 2007, an exit load of 0.50% will be applicable on resumptions made in less than 6 months of investment in ICICI Prudential Infrastructure Fund, ICICI Prudential Dynamic Plan and ICICI Prudential Equity and Derivatives Fund - Wealth Optimiser Plan
October 11th, 2007
Seems ICICI Prudential is treating Emerging STAR and FMCG funds as couples. The fund house has announced a dividend for the two funds (like it did in January 2007).
A dividend of 25 %( i.e. Rs 2.5 per unit on the face value of Rs 10) is announced for ICICI Prudential Emerging STAR fund while 20% (i.e. Rs 2 per unit on the face value of Rs 10) is announced for ICICI Prudential FMCG Fund.
The record date for the dividends will be July 20, 2007
July 20th, 2007
If you would like to invest in Mutual Funds and do not have enough funds even for the minimum application amount, there is good news for you. ICICI Prudential has announced MicroSIP that allows investors to put in money as investments for as low as Rs. 50 and Rs. 100. Of course, units purchased via the MicroSIP route will be put in Growth option only. Entry loads will be 2.25% while Exit loads differs depends on the time and amount being invested. All other terms and conditions of SIP will apply for MicroSIP as well.
Introducing MicroSIP investments with low starting amounts are believed to increase the investor base as well as the volume of investments that goes into mutual funds.
April 18th, 2007
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