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Pru-ICICI MIP Announces Record Date

Pru-ICICI Monthly Income Plan (MIP) has announced July 31, 2002 as the record date for the payment of dividend. This will also be the relevant date for redemption under MIP Automatic Encashment Plan - Monthly option. Last month, it paid a dividend of 0.6%. The fund was launched in October 2000 and has paid an aggregate dividend of 13.96%. However, it had skipped the dividend in April this year.

As per the terms of the Offer Document of the scheme, there will be a shut out period from July 29, 2002 to July 31, 2002. During this period "purchase / switch-in" applications in the Dividend Plan of MIP-Monthly will not be accepted.