ICICI Prudential Mutual Fund has approved the declaration of dividend under dividend option of ICICI Prudential Discovery Fund. The quantum of declaration will be Rs 1.50 per unit.
The record date is March 30, 2011.
ICICI Prudential Discovery launched in July 2004, has been classified as an Equity Mid and Small Cap Fund. It has been rated as a 4-star fund as on February 28, 2011. The Fund has been ranked number 8 out of 33 funds based on its trailing 5-year performance as on March 24, 2011.This is the 11th dividend declared by the fund since its launch. Prior to this, it declared a 10 per cent dividend in June 2010.