The Hindu Business Line : Prudential ICICI to launch two new funds

UTI Mutual has declared a dividend of 20 per cent (Rs 2 per unit) for UTI Mastergain 1992. The dividend is tax free in the hands of investors. The record date for eligibility to receive the dividend is June 9.

Kotak Mahindra Mutual has announced a 10 per cent dividend for the Kotak 30 Fund. The record date for the dividend is June 3.

Prudential ICICI Mutual plans to launch two new funds — Prudential ICICI Service Industries Fund and Prudential ICICI Infrastructure Fund. The former will invest in stocks of companies that are expected to benefit from the growth in the services sector; the latter will focus on companies in the infrastructure space.

Sundaram Star Fund will be the next equity fund from the Sundaram Mutual stable. This fund will invest in stocks of companies that are expanding their businesses and that are likely to emerge as players in the global market deriving at least 20 per cent of revenues from exports.

Prudential ICICI Mutual Fund has declared dividend of Rs 0.0175 per unit (net to retail investor)/Rs 0.0163 per unit (Net to Corporate Investor) under Prudential ICICI Short Term Plan - Dividend Fortnightly and Rs 0.0184 per unit (Net to Retail Investor) / Rs 0.0172 per unit (net to corporate investor) under Prudential ICICI Short Term Plan - Institutional Dividend Fortnightly.

This dividend will be paid to eligible unit-holders as at end of Monday, May 16. Dividend re-investment will be at the ex-dividend NAV on May 17.

Prudential ICICI Mutual Fund has declared dividend of Rs 0.0207 per unit (net to retail investor) / Rs 0.0193 per unit (net to corporate investor) under Prudential ICICI Floating Rate Plan A - Dividend Fortnightly, Rs 0.0217 per unit (net to retail investor) / Rs 0.0202 per unit (net to corporate investor) under Prudential ICICI Floating Rate Plan B - Dividend Fortnightly and Rs 0.0220 per unit (net to retail investor) / Rs 0.0205 per unit (net to corporate investor) under Prudential ICICI Floating Rate Plan C - Dividend Fortnightly.

The record date is May 16. Dividend Re-investment will be at ex-dividend NAV on May 17.

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