ICICI Prudential Mutual Fund Announces Income Distribution for Select Schemes

ICICI Prudential Mutual Fund has declared Income Distribution cum Capital Withdrawal (IDCW) for select schemes. The record date for this distribution is January 2, 2025. Investors holding units in the specified schemes as of this date will be eligible for the announced payouts. This distribution aligns with the fund house’s commitment to sharing consistent returns with its investors.

Multi-Asset Fund:

The ICICI Prudential Multi-Asset Fund invests across various asset classes such as equity, debt, and commodities, offering diversification to investors. It aims to balance risk and return by leveraging the performance of different markets.

Equity Arbitrage Fund:

The ICICI Prudential Equity Arbitrage Fund focuses on generating low-risk returns by exploiting price differences between the cash and derivatives segments. It is ideal for investors seeking stability with minimal market volatility.

Details of the Declared IDCW

The income distribution details for the respective schemes are as follows:

ICICI Prudential Equity Arbitrage Fund – IDCW: ₹0.05 per unit.

ICICI Prudential Equity Arbitrage Fund Direct – IDCW: ₹0.05 per unit.

ICICI Prudential Multi-Asset Fund – IDCW: ₹0.16 per unit.

ICICI Prudential Multi-Asset Fund Direct – IDCW: ₹0.16 per unit.

These payouts apply to both regular and direct plan variants of the schemes.

Importance of IDCW for Investors

The IDCW option allows mutual fund investors to receive periodic returns without redeeming their units. It provides a steady income source, particularly for those seeking liquidity from their investments. The payout amount is derived from the fund’s profits and is distributed proportionally based on the number of units held. Investors must note that the IDCW is subject to taxation based on applicable laws, and the net amount will be credited to their registered bank accounts after deductions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.