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ICICI Prudential Tax Plan announces 20% dividend

January 14th, 2008

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.

Entry Filed under: Mutual Funds, ICICI Prudential MF, Dividend Announcements, ELSS