Weekly Update on Mutual Fund as on August 23, 2008
ICICI Prudential Dynamic Fund declares 20% dividend
ICICI Prudential Mutual Fund has declared 20% tax free dividend in its Dynamic fund, Rs. 2.00 on share of Rs. 10 face value. The record date for the same has been fixed as August 22, 2007.
Investment objective of the scheme:
To generate capital appreciation by actively investing in equity and equity related securities. For defensive considerations, the Scheme may invest in debt, money market instruments and derivatives.
Scheme Inception date: Jan 9, 2004
ICICI Prudential FMCG declares 20% dividend
ICICI Prudential Mutual Fund has declared 20% tax free dividend in its FMCG fund, Rs. 2.00 on share of Rs. 10 face value. The record date for the same has been fixed as August 22, 2008.
Investment objective of the scheme:
To seek to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of FMCG Companies.
Scheme Inception date: Mar 30, 1999
UTI Pharma and Healthcare Fund declares 15% dividend
UTI Mutual Fund has declared 15% tax free dividend in it Pharma and Healthcare fund, Rs. 1.50 on share of Rs. 10 face value. The record date for the same has been fixed as August 26, 2008.
Investment objective of the scheme:
An open-ended fund which exclusively invests in the equities of the Pharma & Healthcare sector companies. This fund is one of the growth sector funds aiming to invest in companies engaged in business of manufacturing and marketing of bulk drug, formulations and healthcare products and services.
Scheme Inception date: May 27, 1999
Source : Various, Posted By : Hitesh Harwani On : 2008-08-23
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