The payout is not far-reaching enough to include some entitlements
07-Dec-2009 •Research Desk
I have been investing in ICICI Prudential Infrastructure Fund (Growth) since last year and now I have learnt that they have declared a bonus of 10 per cent. What will be the impact of this bonus on my investment? Will we also get dividend in the form of extra units? Please clarify. Thanks.
- Rajneesh Vohra
The fund, on October 25, 2009, has announced a dividend of 10 per cent in its dividend plan. The record date for the same is October 30, 2009. Since you have invested in the growth plan you wouldn't be entitled for the same.