ICICI Prudential MF declares dividend under IPIOF

ICICI Prudential Mutual Fund has announced dividend under quarterly frequency option of ICICI Prudential Income Opportunities Fund (IPIOF).

The dividend is declared under the retail and institutional plans. The amount of dividend declared is Rs 0.42 per unit under retail plan and Rs 0.45 per unit under institutional plan.

The fund house has fixed August 31, 2009 as the record date for dividend declaration.

As on August 24, 2009 the net asset value stood at Rs 11.1063 per unit under the institutional plan and Rs 10.7739 under the retail plan.

ICICI Prudential Income Opportunities Fund (IPIOF) is an open ended income fund that intends to generate income through investments in a range of debt and money market instruments of various credit ratings and maturities with a view to maximizing income while maintaining an optimum balance of yield, safety and liquidity.