ICICI Prudential and Mirae Asset Mutual Funds Announce Income Distribution

Mutual fund investors looking for periodic income distributions have fresh updates from ICICI Prudential Mutual Fund and Mirae Asset Mutual Fund. Both fund houses have declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option across select schemes. The record date for these distributions is March 20, 2025.

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund has announced income distribution across multiple categories, including ELSS, midcap, and large and midcap funds. The highest payout comes from the Mirae Asset Large & Midcap Direct-IDCW, offering ₹6.40 per unit, while its regular counterpart offers ₹3.70 per unit.

For investors in tax-saving schemes, Mirae Asset ELSS Tax Saver Direct-IDCW is distributing ₹2.30 per unit, and the regular plan will offer ₹1.95 per unit. Mirae Assets Midcap fund investors will see a payout of ₹2.00 per unit under the direct plan and ₹1.85 per unit under the regular plan.

ICICI Prudential Mutual Fund 

ICICI Prudential Mutual Fund has also announced income distribution under its IDCW option across three funds. The ICICI Pru Value Discovery Fund leads the list with ₹4 per unit for both direct and IDCW plans.

Meanwhile, the ICICI Pru India Opportunities Fund will distribute ₹2.20 per unit, and the ICICI Pru Manufacturing Fund will offer ₹2 per unit under both direct and IDCW options.

Conclusion 

• Record Date: Only investors holding units as of March 20, 2025, will be eligible for these payouts.
• Taxation Impact: IDCW payouts are subject to taxation as per an investor’s income tax slab.
• Fund NAV Adjustment: Since IDCW distributions are paid from a fund’s Net Asset Value (NAV), the NAV will reduce post-distribution.

For investors seeking regular cash flows, IDCW options can be beneficial, but it’s crucial to assess their overall investment strategy.

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.