ICICI Prudential Mutual Fund Announces Income Distribution Under IDCW Option

ICICI Prudential Mutual Fund has declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for several of its equity-thematic schemes. The record date for the distribution is set as January 23, 2025.

Income Distribution Details

Under the ICICI Prudential Housing Opportunities Fund, an income distribution of ₹1.3 per unit has been announced. This applies to both the IDCW and Direct-IDCW options of the scheme. Similarly, the ICICI Prudential PSU Equity Fund will distribute ₹1.4 per unit, available under both IDCW variants.

For investors in the ICICI Prudential Innovation Fund, the income distribution has been set at ₹1.6 per unit for both the IDCW and Direct-IDCW options.

Record Date for Eligibility

The record date of January 23, 2025, determines investor eligibility for this distribution. Investors must ensure they hold units of the respective schemes on or before this date to qualify for the payout. The distribution will be credited to the accounts of eligible unit holders as per the schedule specified by the fund house.

Scheme-Wise Income Distribution

Investor Considerations

The announced income distribution under these equity thematic schemes provides additional returns to investors. However, income received under IDCW options is subject to applicable tax laws. Investors are advised to review their portfolio holdings and consult their financial advisors if needed.

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 in the securities market are subject to market risks, read all the related documents carefully before investing.