ICICI Prudential Mutual Fund Announces Income Distribution for Three Schemes

ICICI Prudential Mutual Fund has declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for three of its funds, ICICI Prudential ELSS Tax Saver Fund, ICICI Prudential Infrastructure Fund, and ICICI Prudential Multicap Fund. The record date for the distribution has been set as December 9, 2024.

Details of the Income Distribution

The distribution amounts, expressed in rupees per unit, vary across the three schemes:

1. ICICI Prudential ELSS Tax Saver Fund
   • Distribution: ₹0.70 per unit
   • This is an equity-linked savings scheme, typically offering tax-saving benefits under Section 80C of the Income Tax Act.
2. ICICI Prudential Infrastructure Fund
   • Distribution: ₹2.60 per unit
   • A fund focusing on investments in infrastructure-related sectors.
3. ICICI Prudential Multicap Fund
   • Distribution: ₹3.00 per unit
   • A diversified equity scheme investing across large-cap, mid-cap, and small-cap stocks.

Important Considerations for Investors

• Record Date: December 9, 2024. Investors who hold units of these schemes by this date will be eligible to receive the declared income distribution.
• Tax Implications: Income distributions under the IDCW option are taxable as per the applicable tax slab of the investor. It is recommended to consult a tax advisor for clarity on implications.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.