Dividend for ICICI Prudential Power Fund
September 11th, 2008
ICICI Prudential Mutual Fund has announced a dividend of 15% (Rs. 1.50 per unit) in the ICICI Prudential Power Fund.
Launched in September 1994 , the portfolio of the fund comprises of large-cap and mid-cap stocks and is aimed at capturing the growth opportunities across multiple sectors in the market.
The investment objective of the fund is: “To generate capital appreciation by actively investing in equity/ equity related securities. For defensive considerations, the Scheme may invest in debt, money market instruments, to the extent permitted under the Regulations. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above so as to maximize the returns.”
The previous dividends announced under the scheme are:
March 19, 2008: 20%
September 7, 2007: 20%
March 16, 2007: 20%
August 8, 2006: 20%
December 26, 2005: 20%
The Top 10 stocks in its portfolio are:
Reliance Industries Ltd
Bharti Airtel Ltd
Infosys Technologies Ltd
Larsen & Toubro Limited
Bharat Heavy Electricals Ltd
ICICI BANK LTD.
Tata Consultancy Services Ltd.
ITC Ltd
Aditya Birla Nuvo Limited.
Oil & Natural Gas Corpn Ltd
Value Research Online gives a 3 Star rating for this fund.
Entry Filed under: Mutual Funds, ICICI Prudential MF, Dividend Announcements
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