ICICI Prudential Mutual Fund Announces Income Distribution Under its Fund

ICICI Prudential Mutual Fund has declared an income distribution of ₹1.40 per unit under the IDCW (Income Distribution cum Capital Withdrawal) option of its ICICI Prudential Transportation and Logistics Fund. The announcement is applicable to both regular and direct plans of the scheme.

Record Date 

The record date for determining the eligibility of investors for this income distribution has been set for January 16, 2025. Investors holding units of the fund on this date will qualify to receive the payout.

Fund Objective and Strategy

The ICICI Prudential Transportation and Logistics Fund aims to generate long-term capital appreciation by focusing on equity and equity-related securities. The scheme specifically invests in companies within the transportation and logistics sectors. By targeting these industries, the fund seeks to capture growth opportunities in a niche yet crucial segment of the market.

Asset Allocation Breakdown

As of now, the fund’s portfolio comprises 95.56% equity investments and 4.44% in cash and cash equivalents. This allocation shows its equity-centric strategy while maintaining a minor allocation in liquid assets for flexibility.

Sector Specific Investment Focus

Transportation and logistics are industries closely tied to economic performance, and the fund aligns its investments with companies engaged in these sectors. This sectoral approach allows the scheme to leverage the potential growth of businesses in areas such as freight, passenger transportation, warehousing, and supply chain management.

Additional Details

Investors are encouraged to note the record date and ensure eligibility for the income distribution. This declaration aligns with the fund’s objective of delivering value through targeted investments.

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