ICICI Prudential Emerging STAR declares 15% dividend

The Trustees have approved July 18, 2008 as the record date for declaration of dividend under the dividend option of ICICI Prudential Emerging S.T.A.R. (Stocks Targeted at Returns) Accordingly, dividend will be paid to all the unitholders whose names appear on the Register of investors/unitholders of the Schemes, on July 18, 2008 subject to availability of distributable surplus under the respective Schemes at the recommended rate.

The trustees have declared a dividend of 15% or Rs. 1.50 per unit (15%)On July 18, 2008.

It should be noted that pursuant to payment of dividend, the NAV of the Schemes would fall to the extent of dividend payout and statutory levy if any.

As on July 10, 2008, the NAV of ICICI Prudential Emerging S.T.A.R. (Stocks Targeted at Returns) Fund – Retail Dividend was Rs 15.60 and NAV of ICICI Prudential Emerging S.T.A.R. (Stocks Targeted at Returns) Fund – Institutional Option – I was Rs 10.18.

Past performance may or may not be sustained in the future and should not be used as a basis of comparison with other investments.

Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Schemes will be achieved. As with any securities investment, the NAV of the Units issued under the Schemes can go up or down, depending on the factors and forces affecting the capital markets. Past performance of the Sponsors, AMC/Fund does not indicate the future performance of the Schemes of the Fund.

Source : Equity Bulls

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