ICICI Pru Services Industries declares 15% dividend

ICICI Prudential Mutual Fund has announced a maiden dividend of 15% (Rs 1.5 unit at face value of Rs 10) in its open-ended equity scheme ICICI Prudential Service Industries Fund.  The investment objective of the scheme is to provide capital appreciation and income distribution to unitholders by investing predominantly in equity/equity related securities of the companies belonging to the service industries and the balance in debt securities and money market instruments including call money. (Check out - Recent MF Dividends )

All investors registered under the dividend option of the scheme as on May 16, 2008 will receive this dividend. The NAV under the dividend plan of the scheme as on May 9, 2008 was Rs 14.69.

The last dividend declared by the scheme was of 15% in November 2007. Over the last one year, ICICI Prudential Service Industries Fund as yielded 10.9% as compared to 22.5% given by its benchmark S&P CNX Niftyas on May 9, 2008.

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